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Poundland up for sale as budget tax hike looms
Poundland, the discount retail chain, appears on course to be sold as its owner rues an “increasingly challenging” retail landscape in the UK.Poland-based Pepco Group said on Wednesday that it was examining all options for the 825-strong chain, including a sale. But the company later told the Reuters news agency that it had received interest …
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Sky News
Stamp duty is changing – here’s what you need to know
From 1 April, changes will be made to stamp duty, meaning more first-time buyers will be forced to pay it and other home movers face a higher bill.So what is it, what’s changing and what impact will it have? Here’s everything you need to know. Read all the latest Money news hereWhat is stamp duty? …
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Business Live
Pest control firm Rentokil reports lower profit after ‘challenging year’
Rentokil Initial, the pest control company, has announced a decrease in profits following a “challenging year” that saw its North American operations under pressure. The firm’s revenue saw a slight increase to £5.43 billion, up 1.1 per cent from 2023, as reported by City AM. However, operating profit fell by 7 per cent to £834 …
Business
Sky News
Millions in compensation expected for customers impacted by bank outages
Barclays is expected to pay millions in compensation for recent IT outages which prevented customers from banking, a new letter to MPs has revealed.The lender said it expects to pay between £5m and £7.5m in compensation to customers for “inconvenience or distress” caused by days of disruption earlier this year, according to the influential Treasury …
Business
Sky News
Millions in compensation expected for customers hit by bank outages
Barclays is expected to pay millions of pounds in compensation for recent IT outages which prevented customers from banking, a new letter to MPs has revealed.The lender said it expects to pay out between £5m and £7.5m to customers for “inconvenience or distress” caused by days of disruption earlier this year, according to the influential …
Business
Sky News
Train performance stats to be displayed at stations for the first time
Rail passengers in England are being shown how often trains are cancelled and delayed at each station in a new “accountability drive”.The data, broken down by operator, will go live at 1,700 stations on Thursday for the first time. Politics Live: Reform voters turn on Farage’s friend TrumpThe performance stats will show the percentage of …
Business
Sky News
Trump makes US tariff concession to carmakers
Donald Trump is to exclude carmakers across North America from the pain of US tariffs levelled against Mexico and Canada, following apparent pressure from motor bosses.The White House confirmed the concession was made after the president spoke to the bosses of Ford, General Motors and Stellantis in a call on Wednesday. Each company has manufacturing …
Business
Business Live
Ibstock slashes dividends as profit tumbles amid ‘subdued market conditions’
Ibstock, the London-listed brickmaker, has cut its annual dividend payout following a drop in profit and revenue due to “subdued market conditions.” The company reported a nearly one-third decrease in pre-tax profit to £21m for the year ending 31 December. Ibstock attributed this figure to a “lower trading performance” and the impact of a one-off …
Business
Sky News
Billions of pounds in spending cuts – including welfare – expected in spring statement
Several billion pounds in spending cuts – including from the welfare budget – are expected in the spring statement later this month.The Treasury will put forward the proposed cuts to the Office of Budget Responsibility (OBR) on Wednesday, ahead of it providing a financial forecast on 26 March, alongside Chancellor Rachel Reeves announcing her spring …
Business
Sky News
The US may now be in recession – and it surely can’t come as too much of a surprise
This is an incredibly fast-moving story, to the extent that by the time you read this, the latest decision or news on tariffs between the US and its North American neighbours (not to mention China) will have shifted on.So perhaps the best thing we can do here is to give you some context on how …
Business
Sky News
Ares and Farallon eye control of builders’ merchant IBMG
Lenders to one of Britain’s biggest networks of builders’ merchants are angling to take control of the company amid talks with its private equity backer over new funding requirements.Sky News has learnt that Ares Management Corporation and Farallon Capital Europe, two major investment firms, could move to take ownership of Independent Builders Merchant Group (IBMG) …
Business
Business Live
Bernard Looney breaks silence since BP exit as he takes on new role with AI start-up
Nearly 18 months after his controversial exit from oil giant BP, former chief executive Bernard Looney has been appointed chairman of ExpertAI, a sustainability-focused AI startup based in London. The company is geared towards helping small and medium-sized businesses (SMBs) lower emissions by facilitating easier access to local green suppliers and subsidies, as reported by …

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