Latest Stories All Stories

Business
Evening Standard
Rolls-Royce promises more after profits rise as airlines recover
The chief executive of Rolls-Royce said it is “capable of much more” as he launched a strategic review into the company and reported a jump in profit.The engineering giant – known for its plane engines – said the airline industry had continued to recover from Covid, but it does not expect it to return to …
Business
Evening Standard
BAE predicts further growth as countries increase defence spending
BAE Systems said it expects continued growth in 2023 and beyond as countries across the world up their defence budgets in response to Russia’s invasion of Ukraine.The defence contractor said that most countries in which it operates have either announced increases in their defence budgets or are planning to do so, because of “the elevated …
Business
Sky News
Tesco and Aldi to ration some vegetables due to supply shortages
Tesco and Aldi are limiting how many peppers, cucumbers and tomatoes customers can buy due to supply shortages.It follows measures introduced by Morrisons and Asda on Tuesday to temporarily limit the purchase of some fruit and vegetables. An Aldi spokesperson said: “We are limiting purchases of peppers, cucumbers and tomatoes to three units per person …
Business
Sky News
Royal Mail acknowledges policy breaches in monitoring postal worker speed and admits prioritising parcels
The head of Royal Mail has acknowledged policy breaches in monitoring postal workers’ delivery speed.The Royal Mail chief executive, Simon Thompson, reappeared before the Business, Energy and Industrial Strategy (BEIS) committee after being asked to clarify statements. Images shown at the committee on Wednesday showed a bar chart comparing individual postal workers’ stop times while …
Business
Sky News
Tomato shortage could last until end of April as Tesco and Aldi become latest supermarkets to introduce limits
British tomatoes will likely remain scarce until the end of April or even early May, the UK’s largest grower has warned.It comes after Tesco and Aldi became the latest supermarkets to place limits on some fruit and vegetables customers can buy due to supply shortages. The soaring cost of energy, and fertiliser also derived from …
Business
Sky News
Bookie-owned sports betting service SIS odds on for £200m sale
Sports Information Services (SIS), the live betting content provider backed by some of Britain’s biggest bookmakers, is under starter’s orders for a £200m sale.Sky News has learnt that the shareholders in SIS, which include Ladbrokes parent Entain Group and the founder of Betfred, have asked advisers to canvas interest in a takeover. The sale process …
Business
Sky News
Senior banker predicts ‘mild recession’ and Scottish Power bucks the trend
Ian King interviews Charlie Nunn – the chief executive of Lloyds Banking Group, who has told Sky News he is still expecting to see a mild recession in the UK this year, and Scottish Power’s chief executive Keith Anderson joins Ian King to discuss the fact his company hasn’t reported bumper profits.:: Listen and subscribe …
Business
Sky News
The cost of living crisis is triggering a wave of workplace crime – here’s how
Theft by employees has jumped by 19% amid warnings that the rising cost of living is triggering a wave of workplace crime, new data suggests. Almost 6,000 people were caught stealing from their employer in 2022 – up from 5,000 the year before. Incidents range from the petty pilfering of office supplies to theft of …
Business
Business Live
Tech components firm Gooch and Housego expects inflation to hit profits
Tech components manufacturer Gooch and Housego has said it is making “steady” progress in reducing lead times after increasing production capacity, though bosses have said they expect inflation to impact profits. The Aim-listed firm, which makes photonic systems used in the aerospace and defence sectors as well as scientific research, said it had invested in …
Business
Business Live
JD Sports to build landmark headquarters with space for 2,000 staff after go-ahead granted
JD Sports is to build a new landmark headquarters in Greater Manchester with space for up to 2,000 employees after the go-ahead was granted. Land in Hollins Brook Way, Pilsworth, has been earmarked for the scheme when it submitted the proposals for consideration last year. The plans, which also include a gym and a restaurant, …
Business
Sky News
British Steel cuts 7% of workforce despite government funding talks
British Steel has revealed it is to cut 260 jobs, almost 7% of its workforce, despite continuing government funding talks with its Chinese owners. It was announced that the losses would be felt at its Scunthorpe plant through the closure of its coking ovens – used to turn coal into the high-temperature product needed to …
Business
Business Live
Metnor Construction collapses into administration with all 80 jobs lost
A total of 80 jobs have been lost after administrators were officially appointed at long-standing North East firm Metnor Construction. Steven Ross and Allan Kelly of specialist business advisory firm FRP were appointed as joint administrators to the Killingworth construction and engineering firm on Tuesday, following weeks of discussion. The firm – a former Tyneside …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources