Latest Stories All Stories

Business
Sky News
Morrisons takeover tussle to be settled in auction process
The takeover battle for supermarket chain Morrisons will be settled by an auction process this weekend, it has been confirmed.US private equity firm Clayton, Dubilier & Rice (CD&R) is vying with Fortress Investment Group, a vehicle backed by Japan’s Softbank conglomerate, for control of Britain’s fourth-biggest grocer. CD&R, whose bid team is spearheaded by former …
Business
Evening Standard
Next booms again despite woes on the High Street
NEXT today offered further evidence that it is the best run retailer in Britain, upgrading profit forecasts for the fourth time this year as it shrugged off the struggles faced by rivals.Sales in the first half of the year were up 8.4% and profits up 5.9% to £347 million compared to two years ago, pre-pandemic.Next …
Business
Sky News
Next makes plea to government as lack of foreign workers threatens Christmas deliveries
Next has called for the government to take a “more decisive” approach as it warned a lack of foreign workers could hamper Christmas shopping deliveries.The business, led by Conservative peer Lord Wolfson, suggested that after the “widely predicted” HGV driver crisis, it should act to avert further looming problems in areas such as warehouses, restaurants, …
Business
Euro News
Oil prices rise amid prospect of widespread fuel shortfalls
Signs of a global energy crunch pushed up oil prices as markets grappled with the prospect of widespread fuel shortfalls heading into the end of the year.Brent crude, the world benchmark, touched $80 (€67) per barrel on Tuesday while the US oil benchmark crude wasn’t far behind, both reaching three-year highs.Goldman Sachs says it expects …
Business
Evening Standard
Ministers ‘napping’ over fuel crisis, pubs boss says as firms issue warnings
Leisure firm chiefs today joined industry in issuing warnings over the petrol crisis, with one pubs boss demanding ministers “get a grip” on the situation.Patrick Dardis, chief executive of 190-year-old group Young’s, told the Standard he fears running out of some items on the menu “if the fuel shortage continues beyond this week”.He said: “There …
Business
Evening Standard
Euan Blair’s Multiverse apprenticeships start-up nears unicorn status on $130m US investor-led raise
Euan Blair‘s apprenticeship start-up Multiverse is nearing billion-dollar “unicorn” status after raising $130 million (£95 million) in a US investor-led funding round. The round valued the education tech (edtech) start-up at $875 million (£639 million), up from a $200 million valuation after its last $44 million raise in January. Blair, eldest son of former Prime …
Business
Sky News
China fuel crisis powered by coal shortage and climate commitments
While the UK obsesses about panic-buying of petrol, there are fuel crises going on elsewhere around the world, no more so than in China.There, a series of power cuts has hit millions of homes and businesses, particularly big industrial users of energy. Of the 31 provinces on mainland China, 16 have been rationing power, affecting …
Business
Sky News
China has its own fuel crisis – powered by coal shortage and climate commitments
While the UK obsesses about panic-buying of petrol, there are fuel crises going on elsewhere around the world, no more so than in China.There, a series of power cuts has hit millions of homes and businesses, particularly big industrial users of energy. Of the 31 provinces on mainland China, 16 have been rationing power, affecting …
Business
Euro News
China’s carmakers are making cheaper electric vehicles – and they have their sights on Europe
Business
Business Live
Beer delivery firm slams ‘selfish’ petrol panic buyers – as expert warns crisis could be ‘long-term issue’
Business
Sky News
‘First signs of stabilisation’ in fuel supply, Shapps says – as he rejects criticism PM too slow to act
The first “very tentative signs of stabilisation” are being seen on petrol forecourts, the transport secretary has said, following days of long queues and closed pumps at some filling stations across the country.Grant Shapps said the sooner people returned to their normal habits and stopped panic buying petrol and diesel, the sooner the fuel supply …
Business
Sky News
Fuel crisis ‘stabilising’, industry says, as minister urges return to ‘normal buying habits’
The fuel crisis has “stabilised” and there are “early signs” it is coming to an end, industry members have said, as the transport secretary echoed their comments and called for “normal buying habits” to return.Esso said the situation at 200 sites it operates which include a Tesco Express shop had “stabilised” and things appeared to …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources