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What President Trump and his tariff plans will mean for global trade
Contrary to the expectations of many political pundits on both sides of the Atlantic, Donald Trump has been elected President of the United States of America for a second time, not only winning the majority of states, but also securing the popular vote by a considerable margin. Whilst everyone absorbs the magnitude of this political …
Business
Business Live
‘Energy-efficient homes’ to be built on two brownfield sites in Wolverhampton
Wolverhampton Council has successfully acquired £1.4 million from the Government to decontaminate two brownfield sites, paving the way for around 150 new homes. The sites of the former Loxdale Primary School in Bilston and Stowheath Day Training Centre in East Park are to be cleared, with work commencing in the New Year to enable the …
Business
Sky News
‘This has to end’: Why parents are struggling to pay for baby formula
The baby formula market needs a shake-up to help parents struggling to afford it, according to the UK’s competition watchdog.There are “limited incentives” for the industry to compete on price and parents have suffered the consequences of high prices, said an interim report by the Competition and Markets Authority (CMA). The watchdog has previously reported …
Business
Evening Standard
Boohoo accuses Frasers Group of ‘self interest’ amid Mike Ashley row
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Boohoo has rebuffed claims by Frasers Group of disregarding its shareholders, accusing Frasers of “promoting its own commercial self-interest” at the expense …
Business
Sky News
Interest rate cut – but budget means inflation will rise, Bank says
The Bank of England has forecast Rachel Reeves’s first budget as chancellor will increase inflation by up to half a percentage point over the next two years, contributing to a slower decline in interest rates than previously thought.Announcing a widely anticipated 0.25 percentage point cut in the base rate to 4.75%, the Bank’s Monetary Policy …
Business
Sky News
Consumer credit giant NewDay lines up £1.7bn sale or float 
The consumer credit giant behind the Argos and John Lewis store cards is kicking off preparations for a sale or stock market listing that could value it at more than £1.7bn.Sky News has learnt that NewDay Group, which is owned by the private equity firms Cinven and CVC Capital Partners, is lining up investment bankers …
Business
Sky News
New budget measure to cost major supermarket more than £100m and cause inflation to rise – CEO says
Measures announced in the budget will cost one of the UK’s biggest supermarket chains £140m, its chief executive said. The rise in employer’s national insurance contributions, announced by Chancellor Rachel Reeves in her budget last week, will cost Sainsbury’s £140m from April, CEO Simon Roberts said. No price was put on the rise of the …
Business
Business Live
Wolverhampton faces dilemma as unlawful city centre car park challenges regeneration plans
An unauthorised city centre car park could be permitted to remain despite standing in the way of the City of Wolverhampton Council’s regeneration plans. The authority had previously blocked a move that would allow the car park, located at the junction of School Street and Fold Street, to stay after it was constructed without permission …
Business
Sky News
Thames Water bondholders submit rival £3bn financing offer
The battle for control of Thames Water’s future has deepened after a second group of bondholders tabled a fully underwritten offer to provide £3bn of new debt.Sky News has learnt that the utility’s class B bondholders submitted a proposal to the company on Thursday morning which aims to trump a rival offer from its class …
Business
Sky News
Cambridge semiconductor company at Forefront of investors’ thoughts
A Cambridge semiconductor company has defied the tough funding environment for early-stage businesses by securing £16m to fuel its expansion.Sky News understands that Forefront RF, which was set up in 2020, will announce this week that it has raised the money from new venture capital backers Octopus Ventures and Cambridge Innovation Capital, as well as …
Business
Sky News
Manchester United fans demand revival of share ownership scheme
An influential Manchester United supporters’ group has demanded that the club’s owners revive plans for a fan share scheme, which remains on ice nearly three-and-a-half years after it was initially promised.Sky News has learnt that the Manchester United Supporters’ Trust (MUST) wrote to Joel Glazer, Sir Jim Ratcliffe and Omar Berrada, the club’s new chief …
Business
Sky News
Trump promised to cut inflation – markets expect the opposite
Donald Trump’s victory was secured on an unequivocal promise to stretched American households that he would “end inflation”, but markets and economists are anticipating his second term will do the opposite.A combination of corporate tax cuts, government borrowing, lower migration and swingeing tariffs on overseas imports are all expected to heat up the American economy …

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