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Currys rues impact of budget and warns of hit to consumers
Currys has warned of a drop in consumer sentiment over the past six months, with the chain plotting price rises to help offset the impact of the new Labour government’s first budget. Alex Baldock, the retailer’s chief executive, told reporters that progress in tackling financial pressures on households had “stalled in recent months”. He noted …
Business
Sky News
Trump tariffs to have ‘insignificant effect’ on UK economy
Plans by Donald Trump to impose blanket tariffs on all imports to the US will have an “insignificant effect” on the UK economy, according to a poll of international economists.While policymakers at the Bank of England fret over the impact of threatened tariffs of up to 10% on UK goods and the prospects for a …
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Sky News
Government demands ‘immediate, mandatory’ housing plans from councils to build 1.5m homes
The government is today demanding “immediate, mandatory” housing targets from councils as part of its plans to build 1.5 million houses by the next general election. During its election campaign Labour promised to build swathes of new housing to address lack of affordability and supply. And it will today release its latest version of the …
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Sky News
Bank exodus sparks row with UK lending standards body
Two of Britain’s biggest high street banks have quit a body dedicated to enhancing industry lending practices, sparking a furious row and casting doubt over its future.Sky News has learnt that HSBC and Lloyds Banking Group have terminated their membership of the Lending Standards Board (LSB). Their resignations – alongside that of Santander UK in …
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Business Live
Heathrow Airport to cap off year in record style as passenger numbers soar
Heathrow Airport is gearing up for a record-breaking end to its busiest year, with passenger numbers expected to surge this Christmas. The Hounslow-based airport reported that it handled 6.5 million passengers in November, marking a 6.1% increase from the previous year, and anticipates December will set another record, as reported by City AM. The festive …
Business
Sky News
British businesses stop shipping to Northern Ireland due to new EU rules
Small British businesses have stopped selling to Northern Ireland as well as Europe due to extra administrative hurdles posed by new EU customs rules coming into effect. Many small firms said they are unable to meet new requirements for paperwork and numbering of each product as well as the need to have an “authorised representative” …
Business
Sky News
Sycamore bid for Walgreens paves way for fresh Boots auction
A $10bn-plus takeover bid for one of America’s biggest pharmacy chains is set to trigger a fresh auction of Boots the Chemist after a string of aborted attempts to sell the British retail giant.Sky News understands that Sycamore Partners, the private equity firm, is expected to seek separate ownership for Boots if it succeeds in …
Business
Sky News
Police smash organised shoplifting gangs that stole millions
A police unit launched to crack down on the surge in shoplifting has arrested 93 members of 28 organised crime gangs behind more than £4m worth of thefts.The national team has also identified 228 previously unknown offenders and 70 vehicles involved in retail crime in the seven months since it was launched, according to the …
Business
Sky News
Royal London in talks to buy Thames super-sewer investor Dalmore
One of Britain’s leading financial mutuals is in talks to buy Dalmore Capital, the infrastructure investor which owns a stake in the Thames ‘super sewer’.Sky News has learnt that Royal London is among the suitors circling Dalmore, which began exploring a sale earlier in the autumn. Royal London’s interest is serious but has yet to …
Business
Business Live
Bristol’s Cheese Lane Shot Tower once among city’s ‘most polluting’ now targeting net zero
A Grade II-listed Bristol office block that was once one of the most polluting buildings in the city is on course to achieve a net-zero target after securing funding to help cut its emissions. The Cheese Lane Shot Tower, home to charity the Workforce Development Trust, has been a distinctive feature of Bristol’s skyline for …
Business
Sky News
A hard message to stomach on sewage from Thames Water boss
Eliminating all pollution incidents in the Thames Water network will be “almost impossible” and a public debate is needed about the real cost of ending all sewage outflows, chief executive Chris Weston has said. Speaking as the company’s interim results revealed pollution incidents were up 40%, Mr Weston said “rising expectations” from customers about water quality …
Business
Sky News
Thames Water reveals spike in sewage spills
Thames Water has revealed a 40% spike in sewage spills while warning that a looming decision on what it can charge customers is “fundamental to our future”.The UK’s biggest supplier, which has been battling to avert the prospect of a special administration amid a massive debt pile, has consistently argued that the regulator’s ruling on …

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