Business Archives - Page 134 of 155

Pound hits a six-week high as Sunak becomes prime minister

Pound hits a six-week high as Sunak becomes prime minister

The pound hit a six-week high as Rishi Sunak became prime minister today, another sign of the markets welcoming the country’s new leader. Sterling was up...

Lowest-cost groceries have become 17% more expensive in the past year, ONS data finds

Business2 years ago

Lowest-cost groceries have become 17% more expensive in the past year, ONS data finds

The price of low-cost everyday grocery items has increased 17% in the 12 months to September, data from the Office of National Statistics (ONS) has shown,...

WhatsApp down: Thousands of people report being unable to use messaging app

Business2 years ago

WhatsApp down: Thousands of people report being unable to use messaging app

WhatsApp went down for users across the UK this morning, with tens of thousands of people reporting being unable to send or receive messages. Downdetector, which...

Rail strikes: 'Significantly reduced timetable' as train workers stage 24-hour walk-out

Business2 years ago

Rail strikes: ‘Significantly reduced timetable’ as train workers stage 24-hour walk-out

Train passengers have been warned to expect disruption on rail networks as a strike hits services on some of Britain’s busiest routes today. Members of the...

UK service sector records fastest decline in activity since January 2021

Business2 years ago

UK service sector records fastest decline in activity since January 2021

The downturn in the economy has worsened this month as the service sector recorded the fastest decline in activity since January 2021, according to the closely-watched...

Don't expect Britain's first hedge fund premiership to be smooth or enjoyable | Ed Conway

Business2 years ago

Don’t expect Britain’s first hedge fund premiership to be smooth or enjoyable | Ed Conway

Rishi Sunak is not just our first British Asian prime minister, our first Hindu PM. He is not just the youngest prime minister of the modern...

Financial markets welcome news Rishi Sunak will be next PM

Business2 years ago

Financial markets welcome news Rishi Sunak will be next PM

The financial markets appear to have welcomed news that Rishi Sunak will be the UK’s next prime minister. The pound was up 0.15% against the US...

Business2 years ago

Pound rallies after Boris Johnson exits Tory leadership race

The pound has enjoyed a rebound as Boris Johnson dropped out of the leadership race, leaving Rishi Sunak as the favourite to become prime minister. On...

Business2 years ago

Rail strikes: ‘Significantly reduced timetable’ as train workers stage 24-hour walk-out

Train passengers have been warned to expect disruption on rail networks as a strike hits services on some of Britain’s busiest routes today. Members of the...

Moody's rating agency cuts UK outlook to negative on policy uncertainty

Business2 years ago

Moody’s rating agency cuts UK outlook to negative on policy uncertainty

Moody’s rating agency has cut its UK’s financial outlook to negative but maintained its sovereign rating at Aa3. On Friday, the agency lowered the UK’s outlook...

Evidence of market nerves around a return to power for Boris Johnson

Business2 years ago

Evidence of market nerves around a return to power for Boris Johnson

Just when you thought it was safe to step back into the gilts market… things are getting nervy again. Around lunchtime on Friday the odds on...

Government borrowing leaps and retail sales drop by much more than expected

Business2 years ago

Government borrowing leaps and retail sales drop by much more than expected

The latest official data on the state of the public finances and consumer spending makes for grim reading as the country awaits its next leader. The...

Cost of living: Six in ten adults struggling to keep up with their bills

Business2 years ago

Cost of living: Six in ten adults struggling to keep up with their bills

Almost six in ten UK adults are struggling to keep up with their bills, according to new research from the City regulator. The Financial Conduct Authority...

Business2 years ago

Rents at record high mean “extreme” competition for properties

The average rent has hit a record high outside London and stood at an average of £1,162 per calendar month in the three months between July...

Discount given to households that cut peak time energy use rises from 52p to £3

Business2 years ago

Discount given to households that cut peak time energy use rises from 52p to £3

The value of energy discounts given to households that cut their peak time electricity used will be raised, the National Grid ESO has said, in a...

Bank of England official hints interest rates may not rise as much as market expects

Business2 years ago

Bank of England official hints interest rates may not rise as much as market expects

Might interest rates not peak as high as the market is expecting? That is certainly the conclusion that has been drawn today following a speech by...

The Conservatives can change PM, but not the economic hole they have dug

Business2 years ago

The Conservatives can change PM, but not the economic hole they have dug

The final straw for Liz Truss’s premiership was a collapse of confidence among Conservative MPs, but the underlying cause is an economic crisis she first ignored,...

Business2 years ago

Liz Truss resignation sparks recovery for pound, shares and government borrowing costs

There has been a positive market reaction to the resignation of Liz Truss after just 44 days in office, following the fierce backlash against her economic...

Naked Wines cuts 6% of workforce as growth strategy leaves bitter note

Business2 years ago

Naked Wines cuts 6% of workforce as growth strategy leaves bitter note

Naked Wines has made around 6% of its workforce redundant after a failed growth strategy forced a restructuring. The online retailer, which connects its subscribers with...

More rail strikes announced for 3 and 5 November, this time involving train operators

Business2 years ago

More rail strikes announced for 3 and 5 November, this time involving train operators

More rail strikes have been announced for 3 and 5 November – this time involving 14 train operating companies. The Rail, Maritime and Transport union (RMT)...

News IO

Pound hits a six-week high as Sunak becomes prime minister

Lowest-cost groceries have become 17% more expensive in the past year, ONS data finds

WhatsApp down: Thousands of people report being unable to use messaging app

Rail strikes: ‘Significantly reduced timetable’ as train workers stage 24-hour walk-out

UK service sector records fastest decline in activity since January 2021

Don’t expect Britain’s first hedge fund premiership to be smooth or enjoyable | Ed Conway

Financial markets welcome news Rishi Sunak will be next PM

Pound rallies after Boris Johnson exits Tory leadership race

Rail strikes: ‘Significantly reduced timetable’ as train workers stage 24-hour walk-out

Moody’s rating agency cuts UK outlook to negative on policy uncertainty

Evidence of market nerves around a return to power for Boris Johnson

Government borrowing leaps and retail sales drop by much more than expected

Cost of living: Six in ten adults struggling to keep up with their bills

Rents at record high mean “extreme” competition for properties

Discount given to households that cut peak time energy use rises from 52p to £3

Bank of England official hints interest rates may not rise as much as market expects

The Conservatives can change PM, but not the economic hole they have dug

Liz Truss resignation sparks recovery for pound, shares and government borrowing costs

Naked Wines cuts 6% of workforce as growth strategy leaves bitter note

More rail strikes announced for 3 and 5 November, this time involving train operators

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