Business suffers because of strikes
Pre-Christmas strikes by railway workers will cost the UK hospitality industry £1.5 billion, comparable to last year's business losses due to the coronavirus pandemic, The ...
Some bank branches are closing
HSBC Bank will close a quarter of its UK branches. According to a statement issued by the financial group on Wednesday, from April next year the number of branches will be reduced by 114, while 327 ...
Telecoms price hike
British telecoms company Vodafone has announced plans to raise prices for its services to cope with rising electricity prices and high inflation. The announcement was made on Tuesday by Nick Read, managing director of one of the ...
Buying the company
Octopus Energy has won the race to take on 1.5m Bulb customers in a deal in which the government will help fund the cost of buying them gas and electricity this wint...
Aston Martin shares
Automaker Aston Martin has announced a massive fundraising programme in which it will sell a 16.7 per cent stake in the Public Investment Fund. This was reported by the British newspaper Financial Times.
As the newspaper notes, ...
Investing in projects
Aviva, one of the UK's largest insurance groups, plans to use shareholders' money to finance infrastructure projects at an early stage. Such a decision would be a radical change in the company's internal investment efforts and ...
Robots for the home
Dyson has announced plans to develop domestic robots to help around the home. A major robotics department has been set up by the firm at its research facility at Hallavington Airfield in Wiltshire. As noted, the site will employ ...
Diesel prices have hit a new record high wiping out the chancellor's cut in fuel duty, latest figures show.
The average cost of a litre of the fuel at the pump reached 178.4p on Monday, according to government data.
The previous high of 177.5p was ...
One in five letters and parcels sent first class do not arrive the next working day, Royal Mail has admitted.
Just weeks after it increased its postage prices, when the cost of a first-class stamp went up 10p to 95p, the company ...
Business today called for an immediate emergency budget to deal with soaring costs, including the reversal of the recent National Insurance increase.
That came as former Bank of England chief economist Andy Haldane warn...
Convenience chain McColl's confirmed this afternoon that it has gone bust and will appoint administrators, putting 1,100 shops and 16,000 jobs at risk.
The Brentwood-based company said discussions with its lenders collapsed today as creditors refuse...
Losses due to pandemic
International Airlines Group (LON: IAG) recorded a big loss in the first three months of the year as the COVID Omicron option reduced passenger numbers.
The pre-tax loss for International Airlines Group (I...
Staff at Britain's Financial Conduct Authority (FCA) were poised to strike for the first time on Wednesday as a protracted dispute over pay and union recognition remained unresolved.
The regulator is being revamped to become what Chief Executive Nik...
Nearly 50 percent of UK companies have raised concerns that rising costs of doing business in the UK will likely impact growth in the coming months. In order to ease the burden for consumer-facing entities, Business Companion – the re...
The extent of the financial pain facing millions of Britons was laid bare today with figures showing that business confidence in plunging and financial distress signals for companies and individuals are flashing red.
NatWest said it h...
US trading blunder and report from Barclays
British financial conglomerate Barclays said its quarterly profit fell as Barclays noted pressure on customers from the cost of living and suffered from a United States trading blunder.
Barclays reported ...
New figures published today [26 April] by the City of London Corporation, show that London continues to hold the top spot in attracting foreign investment in financial and professional services, attracting 114 projects in 2021 – well clear of D...
Optimism among British manufacturers has fallen at its fastest pace since the start of the coronavirus crisis as orders slowed and prices leapt, a survey showed, adding to signs of a slowdown in the economy on the back of rising inflation.
The Confe...
Hospitality chiefs welcome £1bn Omicron support package — but warn more help needed if curbs tighten
Hospitality and leisure industry leaders have welcomed the Chancellor's newly-announced £1 billion emergency support package, but have cautioned more help may be needed.
Rishi Sunak today unveiled measures to assi...
Some businesses in Birmingham fear they will lose customers before Christmas following changes to Covid rules.
Purecraft Bar & Kitchen in the city centre said it was seeing up to about 30% cancellations.
Caterers at The Colmore Building, an off...
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