Latest Stories All Stories

Business
Sky News
Bank of England raises interest rate but no longer expects UK recession this year
The Bank of England has revealed it no longer believes the UK will face a technical recession this year, as it raised the interest rate by a further quarter percentage point.The unexpected change to its forecast was contained in the minutes alongside its decision to raise borrowing costs for an eleventh successive time to 4.25%. …
Business
Evening Standard
What is Sizewell C and how will it be paid for? Campaigners challenge new plant
Campaigners have told the High Court that the Government‘s decision to support the Sizewell C nuclear power plant plan was “unlawful” and should be overturned.Business Secretary Grant Shapps announced a £700 million Government investment in the Suffolk coast project last year.Protest group Together Against Sizewell C said the Government neglected to consider potential environmental effects. But …
Business
Business Live
Sewell makes a splash as key service launches on World Water Day
Sewell Group’s facilities management business has launched a standalone water hygiene service. The Hull-headquartered company has brought forward the division after finding many building owners were unsure of legal responsibilities over the provision. And it was unveiled on World Water Day, with initial assessments in the coming weeks to trigger donations to charity Water Aid. …
Business
Business Live
Openreach hits 10m full-fibre broadband milestone
Openreach said it hopes to provide 25 million premises with full-fibre broadband by 2026 after announcing it was now available to 10 million homes, businesses and public services. The communications giant said its 10 millionth location had been reached in the village of Ketton in Rutland, where more than 900 homes and businesses in this …
Business
Evening Standard
Crest Nicholson sees recovery in house sales, but warns some buyers need support
Housebuilder Crest Nicholson has warned that recent turmoil in mortgage markets is creating further differences between people with and without a lot of equity who are trying to buy a house.The business said that because fewer people were buying homes, mortgage lenders were competing for customers with higher levels of equity and offering “competitive rates”.“However, …
Business
Evening Standard
Wickes reveals profits fall amid fading DIY demand
Retailer Wickes has become the latest DIY firm to reveal slumping profits and trading under pressure as the pandemic boom in home improvement fades.The group, which also trades as a builders’ merchant, posted a 38.4% slump in pre-tax profits to £40.3 million for 2022 and cautioned that sales have also started 2023 on the backfoot.On …
Business
Business Live
Magnet owner Nobia restructures with closure of two factories and 92 redundancies
The North East operation of kitchens retailer Magnet has remained unscathed in a group-wide shake up which has closed its Dewsbury and Grays factory locations. In a restructuring of its UK business, Magnet operator Nobia said it needed to address underperformance in its ‘Projects’ business, which includes the sale of kitchens to public and private …
Business
Business Live
Grimsby welcomes frozen at sea pelagic catch as fishing vessel makes port a regular return
Grimsby’s Royal Dock has been added to a UK fishing company’s regular landing list, with a third discharge this year. North Atlantic Fishing Company subsidiary Wirons Ltd, has just made its latest port call with Wiron Six, a 55m seine net trawler. She landed pelagic species caught in UK waters, calling on a clutch of …
Business
Evening Standard
Small businesses lost four million trading days to strikes in six months – study
Smaller firms have lost an estimated 680,000 days of trading every month because of the wave of strikes across the country since last year, new research suggests.A study by small business lender iwoca indicated that around four million days of trading were lost over the last six months.A third of 500 small to medium sized …
Business
Evening Standard
Amigo Loans to be liquidated after failing to raise enough funds
Amigo Loans is set to be liquidated after the lender was unable to raise enough capital to continue trading.The firm said it would stop lending with immediate effect before being placed into an orderly wind-down, with surplus assets being transferred to the creditors of its compensation scheme, in a move that is set to lead …
Business
Sky News
More Amazon strikes on the cards after ‘insulting’ pay rise
Striking Amazon workers have vowed to step up industrial action following an “insulting” new pay rise.It comes after Amazon announced on Wednesday that it will increase the minimum starting salary of its UK workforce by at least 50p to between £11 and £12 per hour from April. The company said the exact amount will vary …
Business
Business Live
£100m fund raise launches for innovative Hull plastics recycling plant
A company looking to bring innovative waste solutions to the Humber Bank has launched a £100 million fund raise to build its first plant. Terrae Novo is a Leeds start-up working on converting non-recyclable plastic and bio waste into new plastics and low-carbon fuels. It has gained planning permission for a site at Saltend Chemicals …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources