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Dame Sharon White shakes up John Lewis with bold mutual structure proposal
19 March 2023
Investing for transformation The retail giant is known for its department store chain and Waitrose supermarkets, but recent financial results have led to the company exploring new ways to raise investment. The firm reported a loss of...
Market panic subsides: London stocks rally after $54bn Credit Suisse loan
16 March 2023
Banks recover poise London stocks have rebounded in early trade on Thursday, following a significant sell-off in the previous session. Bank shares, in particular, have been on the rise after Credit Suisse secured a $54b...
British semiconductor companies think about moving business to the US and EU
13 February 2023
Business from the UK to the US and EU A number of British semiconductor manufacturers are considering relocating their businesses to the US or an EU country if the UK government does not soon present a strategy and fina...
Microsoft's deal with Activision Blizzard could harm UK gamers
9 February 2023
A deal between companies The UK regulator has opposed Microsoft's purchase of major US computer games developer Activision Blizzard for $75bn. The UK Competition and Markets Authority, shortly CMA, ...
Record investment in start-ups: Interest in space technology is high
7 February 2023
Space technology supported by investors Investors have invested record sums in space technology start-ups for the second year in a row. This was reported by The Times. According to its data, in 2022, space technology projects received about $8.9 bi...
Australian company Recharge Industries to buy Britishvolt
6 February 2023
Company buyout Australian battery maker Recharge Industries will buy the assets of the bankrupt British startup Britishvolt. The announcement was made on Monday by audit firm Ernst and Young. Ernst and Young,...
Ministers call on RMT union to stop rail strikes over New Year holidays
2 December 2022
Business suffers because of strikes Pre-Christmas strikes by railway workers will cost the UK hospitality industry £1.5 billion, comparable to last year's business losses due to the coronavirus pandemic, The ...
HSBC announces closure more than one in four of its UK branches
30 November 2022
Some bank branches are closing HSBC Bank will close a quarter of its UK branches. According to a statement issued by the financial group on Wednesday, from April next year the number of branches will be reduced by 114, while 327 ...
Vodafone announces that communication prices may rise in 2023
15 November 2022
Telecoms price hike British telecoms company Vodafone has announced plans to raise prices for its services to cope with rising electricity prices and high inflation. The announcement was made on Tuesday by Nick Read, managing director of one of the ...
Octopus Energy to buy rival Bulb
29 October 2022
Buying the company Octopus Energy has won the race to take on 1.5m Bulb customers in a deal in which the government will help fund the cost of buying them gas and electricity this wint...
Aston Martin to sell 16.7% stake in Saudi Arabia and carry out an additional issue
15 July 2022
Aston Martin shares Automaker Aston Martin has announced a massive fundraising programme in which it will sell a 16.7 per cent stake in the Public Investment Fund. This was reported by the British newspaper Financial Times. As the newspaper notes, ...
Aviva will invest shareholders' money in infrastructure projects
6 June 2022
Investing in projects Aviva, one of the UK's largest insurance groups, plans to use shareholders' money to finance infrastructure projects at an early stage. Such a decision would be a radical change in the company's internal investment efforts and ...
Dyson Group to produce home robots by 2030
26 May 2022
Robots for the home Dyson has announced plans to develop domestic robots to help around the home. A major robotics department has been set up by the firm at its research facility at Hallavington Airfield in Wiltshire. As noted, the site will employ ...
Fuel duty cut wiped out as diesel price hits new record high
13 May 2022
Diesel prices have hit a new record high wiping out the chancellor's cut in fuel duty, latest figures show. The average cost of a litre of the fuel at the pump reached 178.4p on Monday, according to government data. The previous high of 177.5p was ...
One in five first-class letters and parcels fails to arrive next working day
12 May 2022
One in five letters and parcels sent first class do not arrive the next working day, Royal Mail has admitted. Just weeks after it increased its postage prices, when the cost of a first-class stamp went up 10p to 95p, the company ...
Ex-Bank of England chief economist Andy Haldane warns inflation here ‘for years’ as business calls for emergency budget
11 May 2022
Business today called for an immediate emergency budget to deal with soaring costs, including the reversal of the recent National Insurance increase. That came as former Bank of England chief economist Andy Haldane warn...
Convenience chain McColl's goes bust to put 1,100 shops and 16,000 jobs at risk
6 May 2022
Convenience chain McColl's confirmed this afternoon that it has gone bust and will appoint administrators, putting 1,100 shops and 16,000 jobs at risk. The Brentwood-based company said discussions with its lenders collapsed today as creditors refuse...
International Airlines Group reports heavy losses
6 May 2022
Losses due to pandemic International Airlines Group (LON: IAG) recorded a big loss in the first three months of the year as the COVID Omicron option reduced passenger numbers. The pre-tax loss for International Airlines Group (I...
Staff at UK markets watchdog to begin unprecedented strike
4 May 2022
Staff at Britain's Financial Conduct Authority (FCA) were poised to strike for the first time on Wednesday as a protracted dispute over pay and union recognition remained unresolved. The regulator is being revamped to become what Chief Executive Nik...
Rules given clarity as confidence takes a hit
3 May 2022
Nearly 50 percent of UK companies have raised concerns that rising costs of doing business in the UK will likely impact growth in the coming months. In order to ease the burden for consumer-facing entities, Business Companion – the re...
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