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10.02.2025 - 10:17
Business
Business Live
Builders’ merchant MKM Supplies expands with new branch at Central Park in Bridgend
Central Park in Bridgend has been boosted with another key letting. Independent builders’ merchant MKM Supplies has opened a new 20,000 sq ft branch at the Robert Hitchins developed park under a 25-year leasing agreement. The 355,000 sq ft park provides a mixture of trade and industrial warehousing properties ranging from 2,500 sq ft to …
10.02.2025 - 10:10
Business
Business Live
UK labour market struggles as vacancies drop ahead of national insurance hike
The labour market continues to slacken, with job vacancies “tumbling” ahead of the national insurance increase in April, according to a closely monitored survey. A new report from KPMG and the Recruitment and Employment Confederation (REC) indicates that demand for staff has seen its most significant drop since August 2020, as reported by City AM. …
09.02.2025 - 15:10
Business
Sky News
Trump says he will impose 25% tariffs on all steel and aluminium imports into US
Donald Trump says he will impose 25% tariffs on all steel and aluminium imports into the US, including from Canada and Mexico.The president said he would make the announcement on Monday, signalling yet another major escalation in his trade policy overhaul. Speaking on Air Force One as he flew from Florida to New Orleans for …
09.02.2025 - 09:00
Business
Business Live
Port of Blyth celebrates 25 years’ involvement in offshore wind sector
The Port of Blyth has launch a year-long campaign to mark 25 years of involvement in the offshore wind sector. The port’s history within the sector started in 1993 when the Blyth Harbour Wind Farm was established as the first of its kind in the UK operating in a ‘marine environment’, featuring nine 0.3MW turbines …
08.02.2025 - 09:52
Business
Sky News
L&G to kick off hunt for successor to Kingman
Legal & General (L&G), the FTSE-100 insurance and asset management group, is preparing to kick off a search for a successor to chairman Sir John Kingman.Sky News has learnt that the company, which this week announced a major corporate deal in the US, is close to appointing headhunters to oversee the appointment process. City sources …
07.02.2025 - 16:37
Business
Business Live
Hull’s Jordan Commercial invests in Witham facility as it looks to larger vehicles market
Vehicle supplier Jordans Commercial has invested nearly half a million pounds in repair and maintenance facilities at its Witham base. The firm, which is part of the £590m turnover Rix Group, says the move is part of its switch from car retailer to commercial vehicle and motorhome specialist, and has positioned it to move into …
07.02.2025 - 10:35
Business
Business Live
Amazon shares plunge after tech giant misses sales expectations
Amazon’s cloud computing division, Amazon Web Services, has reported a fourth-quarter revenue of $28.7bn (£23.1bn), slightly missing expectations and raising concerns about the tech giant’s investment in artificial intelligence (AI). The news comes after Chinese startup DeepSeek launched a low-cost AI chatbot that disrupted global markets, wiping more than $1.2 trillion off tech firms at …
07.02.2025 - 07:51
Business
Sky News
Billions for ‘unproven’ technology will have ‘very significant’ impact on energy bills, MPs warn
The government is spending £22bn on “unproven” technologies which will have a “very significant effect” on energy bills, according to an influential committee of MPs. There has been no assessment of whether the programme to capture and store carbon from the atmosphere is affordable for billpayers, said a report from the Public Accounts Committee (PAC) …
06.02.2025 - 16:15
Business
Sky News
Financial Ombudsman Service chief exits after board clashes
The head of the Financial Ombudsman Service (FOS) has effectively been forced out of the role after losing the confidence of its board amid growing government pressure on economic watchdogs.Sky News understands that Abby Thomas, whose departure was announced earlier on Thursday, was at the centre of several disputes with fellow directors over issues including …
06.02.2025 - 15:25
Business
Sky News
Major car dealership axes jobs and Sunday opening
The country’s third largest car retailer says it is cutting jobs and closing its dealerships on a Sunday as part of efforts to cut costs amid tough trading and looming budget tax hikes.Vertu Motors, which has almost 200 sites operating predominantly under the Bristol Street Motors, Vertu and Macklin Motors brands, made the announcement while …
06.02.2025 - 11:35
Business
Sky News
Where do interest rates go from here?
Let’s start with the simple bit: interest rates have been cut – down by another quarter percentage point to 4.5%. But what happens next?Not long ago, the answer was quite simple: the Bank of England would carry on cutting borrowing costs, one quarter point cut every three months, until they reached, say, 3.5%. That, at …
06.02.2025 - 11:35
Business
Sky News
What happens now interest rates have been cut?
Let’s start with the simple bit: interest rates have been cut – down by another quarter percentage point to 4.5%. But what happens next?Not long ago, the answer was quite simple: the Bank of England would carry on cutting borrowing costs, one quarter point cut every three months, until they reached, say, 3.5%. That, at …
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