Business Archives - Page 105 of 160

Train strike action 'solid' and will continue until government 'unblocks' pay dispute, says RMT union boss Mick Lynch

Train strike action ‘solid’ and will continue until government ‘unblocks’ pay dispute, says RMT union boss Mick Lynch

Striking rail workers have vowed to continue walking out until the government “unblocks” their pay dispute on the second day in a row of cancellations. There...

Statutory sick pay: Campaigners call for reforms to prevent workers from being pushed into poverty

Business2 years ago

Statutory sick pay: Campaigners call for reforms to prevent workers from being pushed into poverty

For all its seaside delights, Margate in Kent is one of the most deprived parts of the UK. Amid the cost of living crisis, many families...

Sir James Dyson claims Rishi Sunak's science superpower pledge is hot air

Business2 years ago

Sir James Dyson claims Rishi Sunak’s science superpower pledge is hot air

Billionaire businessman Sir James Dyson has issued fresh criticism of the prime minister, claiming his pledge to turn the UK into a science and technology superpower...

Virgin Orbit delays bid deadline in scramble to find rescuer

Business2 years ago

Virgin Orbit delays bid deadline in scramble to find rescuer

Virgin Orbit has pushed back the deadline for rescue bids as the commercial satellite venture founded by Sir Richard Branson scrambles to avert bankruptcy. Sky News...

British businessman Lynch extradited to US weeks after losing appeal

Business2 years ago

British businessman Lynch extradited to US weeks after losing appeal

Mike Lynch, the British software tycoon, has been extradited to the US weeks after losing a long-running legal battle against the move. Sky News understands that...

UK economy shrank 0.3% in March, ONS figures show

Business2 years ago

UK economy shrank 0.3% in March, ONS figures show

The UK economy grew slightly in the first three months of the year, according to official figures – but contracted in March. Growth of 0.1% was...

Inflation to fall 'rapidly' - but worse interest rate pain yet to come, BoE governor warns

Business2 years ago

Inflation to fall ‘rapidly’ – but worse interest rate pain yet to come, BoE governor warns

The governor of the Bank of England has told Sky News he expects inflation to fall “rapidly” in just weeks – but warned two thirds of...

Bank of England interest rate increased 0.25 percentage points to 4.5%

Business2 years ago

Bank of England interest rate increased 0.25 percentage points to 4.5%

The Bank of England has raised interest rates for a record-breaking 12th successive meeting, lifting the cost of borrowing to 4.5% and warning that inflation would...

TransPennine Express to be brought under government control due to 'continuous cancellations'

Business2 years ago

TransPennine Express to be brought under government control due to ‘continuous cancellations’

TransPennine Express will not have its contract renewed or extended, the government has announced, after “months of… continuous cancellations”. Transport Secretary Mark Harper has said that...

Bank of England to impose another interest rate hike as UK inflation proves stubborn

Business2 years ago

Bank of England to impose another interest rate hike as UK inflation proves stubborn

The Bank of England is set to impose another interest rate hike on the UK economy today, the 12th consecutive increase in its battle to curb...

'Greedflation' explored: Are businesses making inflation worse through excessive profits?

Business2 years ago

‘Greedflation’ explored: Are businesses making inflation worse through excessive profits?

It’s an ugly word for an ugly phenomenon. ‘Greedflation’ is the new buzzword in economics. The thesis is quite simple. While a certain chunk of the...

John Lewis boss left bruised after confidence vote by staff

Business2 years ago

John Lewis boss left bruised after confidence vote by staff

John Lewis chair Dame Sharon White has been left bruised but is not fighting an immediate battle for her future following a vote of confidence among...

Tui's UK summer holiday sales return to pre-pandemic levels despite price hikes

Business2 years ago

Tui’s UK summer holiday sales return to pre-pandemic levels despite price hikes

Prices have increased at the world’s largest holiday company and are now “notably higher” than just three months ago. The average selling price at Tui has...

JD Wetherspoon on course for record year after 'busiest-ever' Saturday and record sales despite pub closures

Business2 years ago

JD Wetherspoon on course for record year after ‘busiest-ever’ Saturday and record sales despite pub closures

Discount pub chain JD Wetherspoon is on course for a record year, the company has said, after its sales in Easter week were the highest they...

New laws to allow longer lorries on UK roads 'could cost lives' of pedestrians and cyclists

Business2 years ago

New laws to allow longer lorries on UK roads ‘could cost lives’ of pedestrians and cyclists

The government is to allow longer lorries on UK roads to reduce the number of journeys – despite fears the move will cost lives. The Department...

UK-based quantum computing firm Quantinuum claims sub-atomic matter breakthrough

Business2 years ago

UK-based quantum computing firm Quantinuum claims sub-atomic matter breakthrough

A UK-based quantum computing firm claims to have harnessed an exotic form of sub-atomic matter for the first time, a feat they claim could revolutionise efforts...

UK at risk of falling behind in race to become green hydrogen global leader, Johnson Matthey says

Business2 years ago

UK at risk of falling behind in race to become green hydrogen global leader, Johnson Matthey says

One of Britain’s biggest companies has warned that the UK risks squandering its lead in one of the most important green technologies because of the government’s...

Royal Mail chief Simon Thompson in talks to put stamp on exit plan

Business2 years ago

Royal Mail chief Simon Thompson in talks to put stamp on exit plan

The chief executive of Royal Mail is in advanced talks to leave the company just weeks after his credibility was questioned by MPs investigating the performance...

London-listed cannabis group Kanabo to raise cash and install new chair

Business2 years ago

London-listed cannabis group Kanabo to raise cash and install new chair

The first cannabis company to stage an IPO on the London Stock Exchange will this week install a City veteran as its chairman and unveil a...

Ratcliffe's £5bn Manchester United bid has Glazer buyout clause

Business2 years ago

Ratcliffe’s £5bn Manchester United bid has Glazer buyout clause

The billionaire petrochemicals tycoon Sir Jim Ratcliffe is proposing a full buyout of Manchester United Football Club after three years if he succeeds with a £5bn...

News IO

Train strike action ‘solid’ and will continue until government ‘unblocks’ pay dispute, says RMT union boss Mick Lynch

Statutory sick pay: Campaigners call for reforms to prevent workers from being pushed into poverty

Sir James Dyson claims Rishi Sunak’s science superpower pledge is hot air

Virgin Orbit delays bid deadline in scramble to find rescuer

British businessman Lynch extradited to US weeks after losing appeal

UK economy shrank 0.3% in March, ONS figures show

Inflation to fall ‘rapidly’ – but worse interest rate pain yet to come, BoE governor warns

Bank of England interest rate increased 0.25 percentage points to 4.5%

TransPennine Express to be brought under government control due to ‘continuous cancellations’

Bank of England to impose another interest rate hike as UK inflation proves stubborn

‘Greedflation’ explored: Are businesses making inflation worse through excessive profits?

John Lewis boss left bruised after confidence vote by staff

Tui’s UK summer holiday sales return to pre-pandemic levels despite price hikes

JD Wetherspoon on course for record year after ‘busiest-ever’ Saturday and record sales despite pub closures

New laws to allow longer lorries on UK roads ‘could cost lives’ of pedestrians and cyclists

UK-based quantum computing firm Quantinuum claims sub-atomic matter breakthrough

UK at risk of falling behind in race to become green hydrogen global leader, Johnson Matthey says

Royal Mail chief Simon Thompson in talks to put stamp on exit plan

London-listed cannabis group Kanabo to raise cash and install new chair

Ratcliffe’s £5bn Manchester United bid has Glazer buyout clause

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