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Sky News
Pints, child support and pensions: The Budget 2023 at a glance
The chancellor has announced the budget for 2023.The UK will now not enter a technical recession this year, say independent forecasters the Office for Budget Responsibility (OBR). Inflation will more than halve and reduce to 2.9% by the end of the year, the OBR expects.Budget:The announcements – as they happenedThe Chancellor’s challenge – analysis Here …
Business
Sky News
How Silicon Valley Bank chaos has had a bearing on us all – and why we’re in for a bumpy few months
Tempting as it is to believe that the chaos with Silicon Valley Bank and its British arm are of interest only to members of the tech community and financial nerds, it has already had a very real bearing on all our lives.For evidence, look no further than the money markets, where investors bet on the …
Business
Sky News
Facebook and Instagram owner Meta to lay off another 10,000 staff
Meta, the owner of Facebook and Instagram, is axing another 10,000 jobs to cut costs.The company said on Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups in late April, and then its business groups in late May. “We expect to reduce our team size by …
Business
Sky News
Banking stocks, job vacancies and geothermal power
Ian King has the latest on the markets’ reaction to the collapse of Silicon Valley Bank, and government statistics for unemployment and vacancies.Plus, John Carroll at Santander is discussing how international trade is helping UK firms; Jason Cheng from private equity firm Kerogen Capital talks about geothermal power; Rachel Barton from Accenture has the latest …
Business
Sky News
Asda deal for Co-op petrol stations could lead to higher prices or less choice, CMA warns
Asda has been told to fix 13 areas of concern in its plan to buy Co-op petrol stations over fears the deal could lead to higher prices or less choice. The Competition and Markets Authority (CMA) has given Asda five days to remedy the issues identified or risk a more in depth investigation of the …
Business
Business Live
Chancellor urged to make Humber the flag bearer for Net Zero decarbonisation
Leading figures in the Humber have written to the Chancellor and the Secretary of State for Energy and Net Zero, urging them to back major decarbonisation projects in the Budget. They describe the region as at the vanguard of delivering on the UK’s carbon capture and storage ambition, in the open letter to Jeremy Hunt …
Business
Business Live
Pennon completes South West Water and Bristol Water merger and is ‘on track’ with financial expectations
Utilities group Pennon has said it is “on track” to deliver financial results in line with bosses’ expectations after completing the merger of South West Water with Bristol Water. In a trading update on Tuesday (March 14), the Exeter-based company told investors, following the CMA’s approval of its £425m takeover of Bristol Water last year, …
Business
Business Live
Asda’s £600m deal to buy the Co-op’s petrol stations ‘could mean higher prices or less choice’
Asda’s £600m deal to buy the Co-op’s petrol station business could result in higher prices or less choice, the Competition and Markets Authority (CMA) was warned. The judgement comes after an official inquiry was launched into the deal in January after the transaction was completed towards the end of last year and saw 2,300 workers …
Business
Sky News
Feared activist Elliott recruits City grandee Rake to burnish image
Elliott Advisors, the feared activist investor, is launching a bold attempt to soften its hostile reputation in British boardrooms by recruiting one of Britain’s best-known boardroom grandees.Sky News can reveal that Sir Mike Rake, the former chairman of London-listed companies including BT Group and easyJet, has agreed to join the investment firm’s European arm as …
Business
Sky News
Gary Lineker challenges Elon Musk after Twitter user sends abusive message to son over BBC row
Gary Lineker has challenged Twitter boss Elon Musk over a threatening message sent to his son in the wake of the TV presenter’s row with the BBC.The Match Of The Day (MOTD) host – who was reinstated on Monday – tweeted a screenshot of a private message sent by a user describing his eldest son, …
Business
Evening Standard
Nearly all of UK’s biggest listed firms no longer have all-white boardrooms
Nearly all of the UK’s biggest listed companies have at least one minority ethnic director on their boards, more than doubling the amount without all-white boardrooms in six years, according to a Government-backed review.The Parker Review, which was established in 2017 to help improve diversity across the UK’s biggest corporations, found that 96 of the …
Business
Business Live
Swansea industrial park up for sale with a multi-million-pound price tag
An industrial estate in Swansea is up for sale with a £5.5m price tag. Prospect Park, which extends to 189,000 sq ft and is nearly 100% occupied, is being marketed on behalf of Colmac Estates by the Cardiff office of international property advisory firm Savills. The estate generates an annual rental income of £590,000 per …

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