Business Archives - Page 94 of 160

Fixed mortgage rate at 2008 high after exceeding mini-budget peak

Fixed mortgage rate at 2008 high after exceeding mini-budget peak

The average two-year fixed mortgage rate being demanded of new borrowers has climbed above the levels seen last year when financial markets baulked at the government’s...

Bank of England governor believes inflation will still come down 'markedly' this year

Business2 years ago

Bank of England governor believes inflation will still come down ‘markedly’ this year

Inflation will fall “markedly” over the rest of the year, says the Bank of England’s governor. The rate of price increases will come down due to...

Business2 years ago

Bank of England governor believes inflation will still come down ‘markedly’ this year

Inflation will fall “markedly” over the rest of the year, says the Bank of England’s governor. The rate of price increases will come down due to...

Chancellor Jeremy Hunt speaks out against profiteering - as he points to reason for high inflation

Business2 years ago

Chancellor Jeremy Hunt speaks out against profiteering – as he points to reason for high inflation

Chancellor Jeremy Hunt has warned that profit increases benefit no one if they worsen inflation. Mr Hunt said he agreed with remarks by Bank of England...

Pension reforms could improve financial outcomes in decades - but there's no feel good factor any time soon

Business2 years ago

Pension reforms could improve financial outcomes in decades – but there’s no feel good factor any time soon

There are many areas where the British economy struggles to compete with its counterparts, but in one sector it is up there with the best in...

Tube strikes: ASLEF drivers to join RMT members in planning London Underground walkouts

Business2 years ago

Tube strikes: ASLEF drivers to join RMT members in planning London Underground walkouts

More dates have been announced for London Underground strike action this month. The trade union for train drivers, ASLEF, announced it is to stage walkouts on...

EasyJet cancels more than 1,000 summer flights due to Europe congestion

Business2 years ago

EasyJet cancels more than 1,000 summer flights due to Europe congestion

EasyJet has been forced to cancel 1,700 flights during the peak summer holiday season. The low-cost airline indicated, like many rivals, it had been forced to...

Thames Water secures additional £750m from shareholders and rules out nationalisation

Business2 years ago

Thames Water secures additional £750m from shareholders and rules out nationalisation

Thames Water says it has secured a commitment for an additional £750m investment by shareholders and declared it is in no danger of being placed in...

Boohoo takes Revolution row to junior market regulator

Business2 years ago

Boohoo takes Revolution row to junior market regulator

The escalating row between Boohoo and Revolution Beauty, the AIM-listed retailer, is poised to intensify with a complaint to the junior stock market regulator. Sky News...

Business2 years ago

Thames Water races to secure investor backing ahead of delayed accounts

Britain’s biggest water company is this weekend corralling its shareholders to support a major capital injection as it prepares to publish delayed annual accounts. Sky News has...

BT Group chief executive Jansen to step down next year

Business2 years ago

BT Group chief executive Jansen to step down next year

BT Group has kicked off a formal search for a successor to Philip Jansen, its chief executive, as he weighs a number of job opportunities in...

Full list of Empire Cinema closures as firm enters administration

Business2 years ago

Full list of Empire Cinema closures as firm enters administration

The Empire Cinema chain has entered administration, leading to the loss of 150 jobs and the closure of six cinemas. Eight of the 14 cinemas in...

Artificial intelligence 'doesn't have capability to take over', Microsoft boss says

Business2 years ago

Artificial intelligence ‘doesn’t have capability to take over’, Microsoft boss says

The head of artificial intelligence at Microsoft says the company will continue to accelerate its work on large AI models despite concerns from some in the...

Business2 years ago

Ford Fiesta: Last of the UK’s most popular car brand to roll off production line in Germany today

The last of the UK’s best selling car model will be made today as Ford’s Cologne factory produces the final Fiesta. The last two Fiestas are...

House prices see biggest annual drop in more than 10 years but only because of 2022's 'historic highs'

Business2 years ago

House prices see biggest annual drop in more than 10 years but only because of 2022’s ‘historic highs’

House prices have fallen at the greatest annual rate in more than 10 years, according to the Halifax house price index. The mortgage lender said prices...

This is how AI could change the future of journalism

Business2 years ago

This is how AI could change the future of journalism

Sky News has been testing the limits of Artificial Intelligence to see what effect it could have on the future of journalism. Our experiment with having...

Ministers told to set out plans for 'floundering' HS2 station

Business2 years ago

Ministers told to set out plans for ‘floundering’ HS2 station

The delay to HS2 work at Euston shows ministers do not know what they are “trying to achieve” with the “floundering” station, MPs have warned. Ministers...

Cost of living: A severe money market shift signals worse to come for personal and public finances

Business2 years ago

Cost of living: A severe money market shift signals worse to come for personal and public finances

Money markets have begun to price in a Bank of England interest rate of 6.5%. The interest rate on 10-year government bonds (the gilt yield as...

Savings rates: Official at banking regulator FCA says it is not for him to force lenders to offer better returns

Business2 years ago

Savings rates: Official at banking regulator FCA says it is not for him to force lenders to offer better returns

A top City watchdog official has declared it is not his job to set savings rates at banks, as lenders are urged to do more for...

RMT announces strikes on London Underground later this month

Business2 years ago

RMT announces strikes on London Underground later this month

Several days of strike action on the London Underground have been announced from 23 July amid a continuing row over pay and jobs. The RMT union...

News IO

Fixed mortgage rate at 2008 high after exceeding mini-budget peak

Bank of England governor believes inflation will still come down ‘markedly’ this year

Bank of England governor believes inflation will still come down ‘markedly’ this year

Chancellor Jeremy Hunt speaks out against profiteering – as he points to reason for high inflation

Pension reforms could improve financial outcomes in decades – but there’s no feel good factor any time soon

Tube strikes: ASLEF drivers to join RMT members in planning London Underground walkouts

EasyJet cancels more than 1,000 summer flights due to Europe congestion

Thames Water secures additional £750m from shareholders and rules out nationalisation

Boohoo takes Revolution row to junior market regulator

Thames Water races to secure investor backing ahead of delayed accounts

BT Group chief executive Jansen to step down next year

Full list of Empire Cinema closures as firm enters administration

Artificial intelligence ‘doesn’t have capability to take over’, Microsoft boss says

Ford Fiesta: Last of the UK’s most popular car brand to roll off production line in Germany today

House prices see biggest annual drop in more than 10 years but only because of 2022’s ‘historic highs’

This is how AI could change the future of journalism

Ministers told to set out plans for ‘floundering’ HS2 station

Cost of living: A severe money market shift signals worse to come for personal and public finances

Savings rates: Official at banking regulator FCA says it is not for him to force lenders to offer better returns

RMT announces strikes on London Underground later this month

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