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Vodafone announces that communication prices may rise in 2023
15 November 2022
2267
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
2117
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
2206
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
2225
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
2265
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
2440
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
2741
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
2774
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
2368
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
2272
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
2570
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
2428
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...
Grim outlook as danger signals go red and confidence crashes
30 April 2022
2688
The extent of the financial pain facing millions of Britons was laid bare today with figures showing that business confidence in plunging and financial distress signals for companies and individuals are flashing red. NatWest said it h...
Barclays reports lower profits after United States trading blunder
28 April 2022
2350
US trading blunder and report from Barclays British financial conglomerate Barclays said its quarterly profit fell as Barclays noted pressure on customers from the cost of living and suffered from a United States trading blunder. Barclays reported ...
London leads the world as the top destination for foreign investment in financial and professional services
27 April 2022
2717
New figures published today [26 April] by the City of London Corporation, show that London continues to hold the top spot in attracting foreign investment in financial and professional services, attracting 114 projects in 2021 – well clear of D...
Confidence among UK factories drops by most since start of COVID crisis - CBI
26 April 2022
2797
Optimism among British manufacturers has fallen at its fastest pace since the start of the coronavirus crisis as orders slowed and prices leapt, a survey showed, adding to signs of a slowdown in the economy on the back of rising inflation. The Confe...
Hospitality chiefs welcome £1bn Omicron support package — but warn more help needed if curbs tighten
30 December 2022
2546
Hospitality and leisure industry leaders have welcomed the Chancellor's newly-announced £1 billion emergency support package, but have cautioned more help may be needed. Rishi Sunak today unveiled measures to assi...
Home working to impact Birmingham businesses
13 December 2021
2457
Some businesses in Birmingham fear they will lose customers before Christmas following changes to Covid rules. Purecraft Bar & Kitchen in the city centre said it was seeing up to about 30% cancellations. Caterers at The Colmore Building, an off...
UK car industry says Brexit rules are denting competitiveness
12 October 2021
2454
Cars remain the UK’s No 1 export but volatile energy prices and the cost of complying with EU regulations post-Brexit are blunting the industry’s competitive advantage, the sector’s trade body has said. Nine in 10 firms in the indu...
The hard reality of Brexit is hitting Britain. It's costing everyone but Boris Johnson
14 September 2021
2689
From one end of the supply chain to the other, the UK's food producers have endured a summer of trouble. "The cold stores didn't have enough space to hold our crops, so we had to throw away a week's worth of production," explains Iain Brown, vi...
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