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Business

Shell Energy fined £1.4m by Ofcom for breaching consumer protection rules

The electricity, phone and broadband provider arm of Shell has been fined £1.4m by the communications regulator for breaking customer protection rules. Shell Energy...

by admin November 21, 2023
Shell Energy fined £1.4m by Ofcom for breaching consumer protection rules
Business

Rishi Sunak promises to cut taxes as autumn statement looms

Rishi Sunak has promised he will cut taxes now the government has achieved its pledge to halve inflation by the end of the year....

by admin November 20, 2023
Rishi Sunak promises to cut taxes as autumn statement looms
Business

Majority of OpenAI employees threaten to quit and join Microsoft if board don’t resign

More than 500 employees of revolutionary artificial intelligence (AI) company OpenAI have said they will leave if the ousted CEO Sam Altman is not...

by admin November 20, 2023
Majority of OpenAI employees threaten to quit and join Microsoft if board don't resign
Business

No immediate return to OpenAI for Sam Altman as he lands Microsoft job

A new interim chief executive has been appointed to the company behind major AI chatbot ChatGPT, with the ousted ex-CEO Sam Altman being tapped...

by admin November 20, 2023
No immediate return to OpenAI for Sam Altman as he lands Microsoft job
Business

Chancellor says ‘everything on the table’ in autumn statement as he promises to remove tax ‘barriers’ for business

Chancellor Jeremy Hunt says “everything is on the table” when it comes to tax cuts in this week’s autumn statement. Speaking to Sky News’...

by admin November 19, 2023
Chancellor says 'everything on the table' in autumn statement as he promises to remove tax 'barriers' for business
Business

Hunt to review payment rules in post-Brexit fraud push

Jeremy Hunt will this week pledge to review the rules governing payment authentication in what he will describe as a post-Brexit crackdown on fraud....

by admin November 19, 2023
Hunt to review payment rules in post-Brexit fraud push
Business

Telegraph court showdown to be adjourned after Barclays offer Lloyds £1.16bn

A court hearing to liquidate a Barclay family holding companies in order to smooth a sale of The Daily Telegraph is poised to be...

by admin November 18, 2023
Telegraph court showdown to be adjourned after Barclays offer Lloyds £1.16bn
Business

Alphabet fund spells bumper valuation for UK digital bank Monzo

Alphabet, the $1.7trn (£1.4trn) technology behemoth which owns Google, is in talks to take a stake in Monzo, one of Britain’s biggest digital retail...

by admin November 18, 2023
Alphabet fund spells bumper valuation for UK digital bank Monzo
Business

Autumn statement: Jeremy Hunt signals tax cuts next week as lower inflation means economy has ‘turned a corner’

Jeremy Hunt has said there is the chance to lower taxes in the autumn statement next week, arguing the economy had “turned a corner”....

by admin November 18, 2023
Autumn statement: Jeremy Hunt signals tax cuts next week as lower inflation means economy has 'turned a corner'
Business

Sam Altman: Boss of ChatGPT-maker OpenAI ousted by board

The chief executive of OpenAI – the firm behind viral chatbot ChatGPT – has been ousted after the board said it no longer has...

by admin November 18, 2023
Sam Altman: Boss of ChatGPT-maker OpenAI ousted by board
Business

Who is Sam Altman? The former OpenAI boss and ChatGPT guru who became one of AI’s biggest players

He was a tech whizz before he left primary school, dropped out of one of America’s top universities, and appeared to be spearheading a...

by admin November 18, 2023
Who is Sam Altman? The former OpenAI boss and ChatGPT guru who became one of AI's biggest players
Business

Ratcliffe poised for $33-a-share stake in Manchester United

Sir Jim Ratcliffe and the Glazer family are on the brink of finalising a $33-a-share deal that will see the petrochemicals tycoon acquiring a...

by admin November 17, 2023
Ratcliffe poised for -a-share stake in Manchester United
Business

Retail sales ‘at lockdown level’ as poor weather and cost of living pressures weigh

Retail sales took an unexpected fall last month, according to official figures suggesting a slump to COVID lockdown levels with only online operators seeing...

by admin November 17, 2023
Retail sales 'at lockdown level' as poor weather and cost of living pressures weigh
Business

Why electricity pylons in Essex are the front line in the battle to hit net zero

In the narrow lanes around Aldham in Essex the countryside is close to the English ideal. On an unseasonably warm mid-October day the fields...

by admin November 17, 2023
Why electricity pylons in Essex are the front line in the battle to hit net zero
Business

‘Digital tools’ to be used to track benefit claimants’ attendance at interviews and job fairs

The government has announced plans to remove benefits and step up monitoring of welfare recipients in an effort to bring more people into work....

by admin November 16, 2023
'Digital tools' to be used to track benefit claimants' attendance at interviews and job fairs
Business

Food giant Mars to buy Hotel Chocolat in £534m deal

Hotel Chocolat has agreed to a £534m takeover offer from Mars, the maker of goods from Snickers bars to Pedigree dog food. The UK...

by admin November 16, 2023
Food giant Mars to buy Hotel Chocolat in £534m deal
Business

Royal Mail reports £319m half-year loss – and blames economy and strikes

Royal Mail’s parent firm says the tough economy has knocked its recovery from the bitter pay dispute with frontline staff, reporting half-year losses of...

by admin November 16, 2023
Royal Mail reports £319m half-year loss - and blames economy and strikes
Business

Retail, hospitality and leisure firms call on chancellor to freeze rates and expand relief scheme

The chancellor has been called on to freeze business rates and to extend reliefs as business lobbyists warn a failure to do so risks...

by admin November 16, 2023
Retail, hospitality and leisure firms call on chancellor to freeze rates and expand relief scheme
Business

Manchester United chief executive to ‘step down’ in management transition

Manchester United has confirmed its chief executive of two years, Richard Arnold, “has decided to step down” as part of a “management transition”. The...

by admin November 15, 2023
Manchester United chief executive to 'step down' in management transition
Business

Inflation tumbles to two-year low of 4.6% as energy costs ease

There has been a sharp decline in the rate of inflation to 4.6%, driven by a big easing in energy costs. The Office for...

by admin November 15, 2023
Inflation tumbles to two-year low of 4.6% as energy costs ease
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