Business

Business

Staff at UK markets watchdog to begin unprecedented strike
4 May 2022
2943
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
2882
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
3202
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
2877
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
3163
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
3234
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 2021
3000
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
2848
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
2952
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
3243
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...
Sheffield Forgemasters: Ministry of Defence to acquire steel firm
28 July 2021
2978
Steel company Sheffield Forgemasters is set to be nationalised in a £2.6m deal with the Ministry of Defence. The government said it intends to invest up to £400m in the historic business for "defence-critical plant, equipment and infrast...
Building supplies shortages are leaving new homes unfinished and businesses in crisis
19 July 2021
3454
Shortages of building supplies are causing delays in construction work and putting businesses under pressure, an industry expert has told Sky News. Brian Berry, chief executive of the Federation of Master Builders, said that a lack of supplies is ha...
Retailers call for early easing of self-isolation rules in England
10 July 2021
3517
Retailers are urging the government to bring forward changes to self-isolation policies planned for August as they warn of rapidly increasing staff shortages related to Covid. Richard Walker, the boss of the Iceland grocery chain, said that staff ab...
Customers fed up with Covid excuse for bad service
7 July 2021
3168
Customers are fed up with being told they are getting poor service "because of Covid", according to research. Firms are being accused of using the pandemic as an excuse for long waits on the telephone or late deliveries, the UK Institute of Customer...
Thousands of UK jobs go in sweeping retail closures
10 June 2020
1889
The coronavirus pandemic has claimed another 3,600 UK jobs after the Restaurant Group, Monsoon Accessorize and Quiz announced major restructures. The Restaurant Group, which owns Frankie and Benny's, expects to cut up to 3,000 workers after confirmi...
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