Business Archives - Page 96 of 160

Burberry chair Murphy lined up to replace Allan at helm of Tesco

One of Britain’s most senior boardroom figures is to replace John Allan at the helm of Tesco. Sky News can exclusively reveal that Gerry Murphy, the...

Apple becomes first public company to be valued at trn

Business2 years ago

Apple becomes first public company to be valued at $3trn

Apple has entered the history books as the first public company to be valued at $3trn. The 47-year-old technology juggernaut, co-founded by Silicon Valley legend, the...

Energy bills to fall from today but will still cost almost double pre-crisis levels

Business2 years ago

Energy bills to fall from today but will still cost almost double pre-crisis levels

Households will pay less for their gas and electricity from today but bills will still be almost double what they were before the energy crisis. The...

Climate change: Icelandic company turning CO2 to stone in bid to combat greenhouse emissions

Business2 years ago

Climate change: Icelandic company turning CO2 to stone in bid to combat greenhouse emissions

A firm in Iceland is pioneering cutting-edge technology that turns CO2 into stone – promising a boost to the global fight against climate change and its...

Mortgage rate hikes threaten a 'significant drag' on housing market, Nationwide warns

Business2 years ago

Mortgage rate hikes threaten a ‘significant drag’ on housing market, Nationwide warns

Rising mortgage rates have yet to hit the housing market but threaten to be a “significant drag” in the short-term, Nationwide has said. However, the high...

Estimated 15.7million people hit by postal delays charity says, as it calls for tougher review into Royal Mail

Business2 years ago

Estimated 15.7million people hit by postal delays charity says, as it calls for tougher review into Royal Mail

An estimated 15.7 million people in the UK experienced postal delays last month, according to new research commissioned by the charity, Citizens Advice. Many of those...

Ofgem's downward revision of average energy use means lower bills forecast but still higher than historical levels

Business2 years ago

Ofgem’s downward revision of average energy use means lower bills forecast but still higher than historical levels

The energy price cap is set to fall again, according to a closely-watched forecast, as the energy regulator has said the average home is using less...

Record amount withdrawn from savings as cost of living crisis bites households

Business2 years ago

Record amount withdrawn from savings as cost of living crisis bites households

UK households withdrew a record amount from their savings last month and were more cautious with credit card spending, according to Bank of England data highlighting...

Business2 years ago

Thames Water concerns: ‘Absolutely nothing’ will happen with customers’ bills, says minister

Thames Water customers have been assured that “absolutely nothing” will happen to their bills or supply, as the heavily indebted firm scrambles to raise cash from...

UK mining venture targets enough lithium to power 500,000 electric cars annually

Business2 years ago

UK mining venture targets enough lithium to power 500,000 electric cars annually

A joint UK mining venture could produce enough Lithium carbonate, a crucial component in electric car batteries, to power 500,000 vehicles by the end of the...

Jobs market - not Brexit - to blame for UK being inflation outlier, Bank of England boss says

Business2 years ago

Jobs market – not Brexit – to blame for UK being inflation outlier, Bank of England boss says

The governor of the Bank of England, which has raised interest rates to a 15-year high, has said the UK labour market and not Brexit is...

No emergency coal-fired power for National Grid to keep lights on this winter

Business2 years ago

No emergency coal-fired power for National Grid to keep lights on this winter

The National Grid Electricity Systems Operator (ESO) has confirmed it will have no coal-fired power as back-up this winter, if needed, to help keep the lights...

Thames Water working 'constructively' to secure cash as ministers draw up bailout plan

Business2 years ago

Thames Water working ‘constructively’ to secure cash as ministers draw up bailout plan

Debt-laden Thames Water has said it is working with shareholders to secure extra cash, as ministers draw up contingency plans in the event of its collapse....

Union claims 'whopping' 17% Manchester Airport pay win as Bank of England demands restraint

Business2 years ago

Union claims ‘whopping’ 17% Manchester Airport pay win as Bank of England demands restraint

The country’s second-largest union says it has negotiated a “whopping” 17% pay deal, just days after the governor of the Bank of England urged wage restraint...

Jeremy Hunt to hold pension fund talks as major reforms loom

Business2 years ago

Jeremy Hunt to hold pension fund talks as major reforms loom

Jeremy Hunt will hold talks on Wednesday with some of the pensions industry’s top executives weeks before he unveils reforms aimed at jumpstarting retirement funds’ investment...

From privatisation to profits: Pressure on 'rip off' water industry unlikely to go away any time soon

Business2 years ago

From privatisation to profits: Pressure on ‘rip off’ water industry unlikely to go away any time soon

The revelation that ministers are considering bringing Thames Water into temporary public ownership has reopened the fierce debate over the privatisation of the country’s water industry....

Cost of living: Supermarket bosses back fuel transparency but defend food prices

Business2 years ago

Cost of living: Supermarket bosses back fuel transparency but defend food prices

Executives from the country’s biggest supermarket chains have defended their grocery prices but backed the idea of greater fuel transparency over claims customers are paying over...

Manchester United raises key forecasts as sale process drags on

Business2 years ago

Manchester United raises key forecasts as sale process drags on

Manchester United has raised its forecasts for annual revenue and profit, weeks after the club secured its place in next season’s Champions League. The club, which...

Rishi Sunak hints at blocking public sector pay rises as he attacks 'completely unreasonable' doctors' strikes

Business2 years ago

Rishi Sunak hints at blocking public sector pay rises as he attacks ‘completely unreasonable’ doctors’ strikes

Rishi Sunak has hinted he will ignore recommendations for public sector pay rises, saying workers “need to recognise the economic context we are in”. Reports surfaced...

HSBC's move from Canary Wharf to St Paul's is a big win for the City and hybrid working

Business2 years ago

HSBC’s move from Canary Wharf to St Paul’s is a big win for the City and hybrid working

HSBC is set to leave its home of 20 years at 8 Canada Square in Canary Wharf, and relocate to a site near St Paul’s Cathedral...

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Burberry chair Murphy lined up to replace Allan at helm of Tesco

Apple becomes first public company to be valued at $3trn

Energy bills to fall from today but will still cost almost double pre-crisis levels

Climate change: Icelandic company turning CO2 to stone in bid to combat greenhouse emissions

Mortgage rate hikes threaten a ‘significant drag’ on housing market, Nationwide warns

Estimated 15.7million people hit by postal delays charity says, as it calls for tougher review into Royal Mail

Ofgem’s downward revision of average energy use means lower bills forecast but still higher than historical levels

Record amount withdrawn from savings as cost of living crisis bites households

Thames Water concerns: ‘Absolutely nothing’ will happen with customers’ bills, says minister

UK mining venture targets enough lithium to power 500,000 electric cars annually

Jobs market – not Brexit – to blame for UK being inflation outlier, Bank of England boss says

No emergency coal-fired power for National Grid to keep lights on this winter

Thames Water working ‘constructively’ to secure cash as ministers draw up bailout plan

Union claims ‘whopping’ 17% Manchester Airport pay win as Bank of England demands restraint

Jeremy Hunt to hold pension fund talks as major reforms loom

From privatisation to profits: Pressure on ‘rip off’ water industry unlikely to go away any time soon

Cost of living: Supermarket bosses back fuel transparency but defend food prices

Manchester United raises key forecasts as sale process drags on

Rishi Sunak hints at blocking public sector pay rises as he attacks ‘completely unreasonable’ doctors’ strikes

HSBC’s move from Canary Wharf to St Paul’s is a big win for the City and hybrid working

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