Pharmacy closures hit UK supermarkets
Supermarket giant Tesco has announced the closure of eight of its 100-hour pharmacies in the UK due to low demand.
The affected pharmacies, ...
First Female CEO in company
Diageo, one of the world's largest producers of alcoholic beverages, has recently made a historic announcement the appointment of its first-ever female CEO.
As of July 1, Debra Crew, former chief operating officer of Dia...
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...
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...
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...
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, ...
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...
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,...
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 ...
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 ...
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 ...
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 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, ...
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 ...
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 ...
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 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 ...
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 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...
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...
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