Business Archives - Page 86 of 160

Mohamed Al Fayed: Former Harrods and Fulham FC owner has died at the age of 94

Mohamed Al Fayed: Former Harrods and Fulham FC owner has died at the age of 94

Mohamed Al Fayed has died at the age of 94. The Egyptian-born businessman was best known as a former owner of the Harrods department store and...

The UK actually fared much better after COVID than first thought - here's why it matters

Business2 years ago

The UK actually fared much better after COVID than first thought – here’s why it matters

Comparing the UK economy with its pre-pandemic size has become an almost totemic way of highlighting its sluggish performance post-COVID. It has certainly been a gift...

British factories suffer weakest month since May 2020 as orders shrink

Business2 years ago

British factories suffer weakest month since May 2020 as orders shrink

British factories have suffered their weakest month since the early days of the coronavirus pandemic, with orders shrinking dramatically. The manufacturing purchasing managers’ index – a...

Bigger-than-expected fall in house prices as rate hikes hit market

Business2 years ago

Bigger-than-expected fall in house prices as rate hikes hit market

House prices fell by 5.3% in the year to August – a bigger-than-expected drop, according to Nationwide. This means the typical home is now worth £14,600...

Power cut compensation payments lifted after review of Storm Arwen response

Business2 years ago

Power cut compensation payments lifted after review of Storm Arwen response

The energy regulator has lifted maximum compensation payment levels available to households and businesses from storm-related power cuts. Ofgem said they could now claim up to...

Bank of England's chief economist Huw Pill issues warning over interest rate rises

Business2 years ago

Bank of England’s chief economist Huw Pill issues warning over interest rate rises

The Bank of England’s chief economist has warned there is a risk of “unnecessary damage” being inflicted if interest rates increase too much. Huw Pill told...

UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of Credit Suisse

Business2 years ago

UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of Credit Suisse

Swiss banking giant UBS has reported a record pre-tax profit of $29bn (£22.8bn) in the latest quarter following its takeover of Credit Suisse. The Zurich-based bank...

Google Pixel event: What to expect from search giant's October hardware reveal

Business2 years ago

Google Pixel event: What to expect from search giant’s October hardware reveal

Google will reveal its latest rival to Apple’s iPhone at an event on 4 October. The search giant announced the date for its own annual smartphone...

M&S returns to FTSE 100 as investors cheer turnaround progress

Business2 years ago

M&S returns to FTSE 100 as investors cheer turnaround progress

Marks & Spencer (M&S) has secured a return to the FTSE 100 share index, four years after the bellwether retailer was relegated amid a battle for...

HMV owner Putman edges closer to rescue deal for bulk of Wilko

Business2 years ago

HMV owner Putman edges closer to rescue deal for bulk of Wilko

The owner of HMV is finalising a deal to rescue the majority of Wilko’s operations, salvaging more than 8,000 jobs at the stricken high street retailer....

Business2 years ago

UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of Credit Suisse

Swiss banking giant UBS has reported a record pre-tax profit of $29bn (£22.8bn) in the latest quarter following its takeover of Credit Suisse. The Zurich-based bank...

Former Pru chief Fitzpatrick leads race to run St James's Place

Business2 years ago

Former Pru chief Fitzpatrick leads race to run St James’s Place

A former chief executive of Prudential is the leading candidate to become the next boss of St James’s Place (SJP), the FTSE-100 wealth manager. Sky News...

Business2 years ago

Hundreds of job losses at Wilko confirmed as rescue bid collapses

Hundreds of job losses at Wilko have been confirmed after a bid to buy the entire business fell through. Administrators PwC said 269 roles in the...

Electrified models help power UK car production up by almost a third

Business2 years ago

Electrified models help power UK car production up by almost a third

The UK car industry has declared it is “recovering” after production last month rose by almost a third compared to a year ago. The Society of...

GMB union warns job losses at Wilko 'could be announced on Thursday'

Business2 years ago

GMB union warns job losses at Wilko ‘could be announced on Thursday’

Job losses at Wilko could be announced on Thursday after an offer to buy the entire business reportedly failed to “pass basic checks”, according to a...

Mortgage approvals drop in further sign of housing market slowdown

Business2 years ago

Mortgage approvals drop in further sign of housing market slowdown

Mortgage approvals dropped almost 10% last month, new Bank of England figures show. The net decrease – from 54,600 in June to 49,400 in July –...

New Future chief ditches past with SmartBrief sale

Business2 years ago

New Future chief ditches past with SmartBrief sale

The new chief executive of Future is to sever ties with its business-to-business operations in a signal of his plans for the owner of Marie Claire...

Zoopla says number of UK property sales on track to fall to lowest level in a decade

Business2 years ago

Zoopla says number of UK property sales on track to fall to lowest level in a decade

The number of house and flat sales in the UK this year is set to be the lowest in a decade, according to new figures from...

'No job losses at Wilko' while bids considered for collapsed retailer

Business2 years ago

‘No job losses at Wilko’ while bids considered for collapsed retailer

Redundancies among Wilko’s 12,500-strong workforce have been suspended while further bids for the collapsed retailer are considered, a union has said. The GMB said it had...

M&C Saatchi founders place £1m bet on ad agency fortunes

Business2 years ago

M&C Saatchi founders place £1m bet on ad agency fortunes

Three members of the quintet that founded M&C Saatchi nearly 30 years ago have placed a £1m bet on the revival of the advertising agency’s fortunes....

News IO

Mohamed Al Fayed: Former Harrods and Fulham FC owner has died at the age of 94

The UK actually fared much better after COVID than first thought – here’s why it matters

British factories suffer weakest month since May 2020 as orders shrink

Bigger-than-expected fall in house prices as rate hikes hit market

Power cut compensation payments lifted after review of Storm Arwen response

Bank of England’s chief economist Huw Pill issues warning over interest rate rises

UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of Credit Suisse

Google Pixel event: What to expect from search giant’s October hardware reveal

M&S returns to FTSE 100 as investors cheer turnaround progress

HMV owner Putman edges closer to rescue deal for bulk of Wilko

UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of Credit Suisse

Former Pru chief Fitzpatrick leads race to run St James’s Place

Hundreds of job losses at Wilko confirmed as rescue bid collapses

Electrified models help power UK car production up by almost a third

GMB union warns job losses at Wilko ‘could be announced on Thursday’

Mortgage approvals drop in further sign of housing market slowdown

New Future chief ditches past with SmartBrief sale

Zoopla says number of UK property sales on track to fall to lowest level in a decade

‘No job losses at Wilko’ while bids considered for collapsed retailer

M&C Saatchi founders place £1m bet on ad agency fortunes

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