Business Archives - Page 96 of 182

Revenue up at Microsoft and Alphabet but ‘disappointment’ over Google cloud

Both Microsoft and Google’s parent company, Alphabet, have both reported higher than expected revenue in their latest quarterly results. Microsoft recorded revenue in the three months...

UK unemployment rate remains low at 4.2% as number of job vacancies falls

Business2 years ago

UK unemployment rate remains low at 4.2% as number of job vacancies falls

The UK unemployment rate remains low, according to the latest official figures. The figure stood at 4.2% in the three months to August this year, after...

London found to be the only region to have unaffordable rent

Business2 years ago

London found to be the only region to have unaffordable rent

Only one region in England, Wales and Northern Ireland had unaffordable rent, according to official figures. On average, Londoners paid 35% of their household income on...

Why the soaring cost of government borrowing matters for everyone

Business2 years ago

Why the soaring cost of government borrowing matters for everyone

Except on rare occasions – last year’s post-Liz Truss mini-budget episode being one of them – the bond market rarely garners as much attention as other...

Ban on no-fault evictions may face long delays amid fears of Tory rebellion

Business2 years ago

Ban on no-fault evictions may face long delays amid fears of Tory rebellion

A government pledge to ban no-fault evictions could face long delays after Michael Gove told his backbenchers he would not enact the policy until courts have...

Rail ticket office closures will go 'too far, too fast'

Business2 years ago

Rail ticket office closures will go ‘too far, too fast’

Plans to close rail ticket offices will go “too far, too fast”, MPs have warned. The Rail Delivery Group announced over the summer that almost all...

Vistry to cut 200 jobs and take £40m hit to profits as demand for housing slows

Business2 years ago

Vistry to cut 200 jobs and take £40m hit to profits as demand for housing slows

UK housebuilder Vistry is to cut 200 jobs and make £40m less profit than previously thought after a slump in demand. High interest rates and cost...

Badenoch snubs invitation to address troubled CBI's summit

Business2 years ago

Badenoch snubs invitation to address troubled CBI’s summit

Kemi Badenoch, the business secretary, has turned down an invitation to address the CBI’s annual conference, dealing a blow to the business lobbying group’s efforts to...

British chip champion Pragmatic lines up £200m funding injection

Business2 years ago

British chip champion Pragmatic lines up £200m funding injection

A fast-growing British semiconductor manufacturer is lining up a £200m funding injection from blue-chip backers including the asset management giant M&G. Sky News has learnt that...

Hunt signals autumn statement focus on debt pile as borrowing undershoots

Business2 years ago

Hunt signals autumn statement focus on debt pile as borrowing undershoots

Chancellor Jeremy Hunt has warned of a crackdown on “public sector waste” and focus on tackling debt after official figures showed weaker than expected borrowing last...

10-year UK gilts are close to a 15-year high

Business2 years ago

10-year UK gilts are close to a 15-year high

The cost of UK state borrowing is close to a 15-year high – levels seen only twice since the global financial crash. The amount the UK...

Nokia to cut up to 14,000 jobs in cost-cutting drive

Business2 years ago

Nokia to cut up to 14,000 jobs in cost-cutting drive

Nokia has revealed plans to shed up to 14,000 jobs following a slump in sales. The Finland-based telecoms technology firm, which has 86,000 staff worldwide, said...

Government debt will rise to 140% of GDP, think tank forecasts

Business2 years ago

Government debt will rise to 140% of GDP, think tank forecasts

High levels of national debt will hurt the UK’s ability to fund public services and respond to economic crises, a think tank has said. Not in...

Inflation stuck at 6.7% as petrol goes up but food prices drop

Business2 years ago

Inflation stuck at 6.7% as petrol goes up but food prices drop

The rate of inflation failed to nudge downwards as expected last month, remaining at an annual rate of 6.7% according to official figures. The headline consumer...

Energy suppliers must prioritise assistance for vulnerable customers, regulator says

Business2 years ago

Energy suppliers must prioritise assistance for vulnerable customers, regulator says

The energy regulator has revealed new rules for household suppliers that include priority help for vulnerable customers struggling to pay their bills. Ofgem said that from...

Inflation is easing but cost of living squeeze is still evolving

Business2 years ago

Inflation is easing but cost of living squeeze is still evolving

Last month’s inflation data release completely changed the outlook for Britain’s economic policy. The number came in far below what economists had expected, prompting the Bank...

AirAsia boss Tony Fernandes criticised for posting topless photo of himself getting massage during meeting

Business2 years ago

AirAsia boss Tony Fernandes criticised for posting topless photo of himself getting massage during meeting

AirAsia founder Tony Fernandes has been criticised for posting a photo of himself getting a massage during a meeting. Mr Fernandes shared the image on LinkedIn...

Nitrous oxide: Laughing gas to become illegal next month - as dealers face 14 years in jail

Business2 years ago

Nitrous oxide: Laughing gas to become illegal next month – as dealers face 14 years in jail

Nitrous oxide will be illegal from next month as part of a government crackdown on anti-social behaviour, it has been announced. The substance, also known as...

'All hands to the (heat) pumps!': Government agency urgently prioritises electrifying UK homes

Business2 years ago

‘All hands to the (heat) pumps!’: Government agency urgently prioritises electrifying UK homes

The UK has more than its fair share of looming infrastructure priorities. There’s a neglected water network that leaks sewage into rivers and clean water into...

Cost of living: Record one million emergency food bank parcels expected to be handed out this winter

Business2 years ago

Cost of living: Record one million emergency food bank parcels expected to be handed out this winter

More than one million emergency parcels are expected to be distributed by food banks this winter due to an “unprecedented need” for help, a charity has...

News IO

Revenue up at Microsoft and Alphabet but ‘disappointment’ over Google cloud

UK unemployment rate remains low at 4.2% as number of job vacancies falls

London found to be the only region to have unaffordable rent

Why the soaring cost of government borrowing matters for everyone

Ban on no-fault evictions may face long delays amid fears of Tory rebellion

Rail ticket office closures will go ‘too far, too fast’

Vistry to cut 200 jobs and take £40m hit to profits as demand for housing slows

Badenoch snubs invitation to address troubled CBI’s summit

British chip champion Pragmatic lines up £200m funding injection

Hunt signals autumn statement focus on debt pile as borrowing undershoots

10-year UK gilts are close to a 15-year high

Nokia to cut up to 14,000 jobs in cost-cutting drive

Government debt will rise to 140% of GDP, think tank forecasts

Inflation stuck at 6.7% as petrol goes up but food prices drop

Energy suppliers must prioritise assistance for vulnerable customers, regulator says

Inflation is easing but cost of living squeeze is still evolving

AirAsia boss Tony Fernandes criticised for posting topless photo of himself getting massage during meeting

Nitrous oxide: Laughing gas to become illegal next month – as dealers face 14 years in jail

‘All hands to the (heat) pumps!’: Government agency urgently prioritises electrifying UK homes

Cost of living: Record one million emergency food bank parcels expected to be handed out this winter

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