Latest Stories All Stories

Business
Evening Standard
“Still more recovery to come in London” for IHG, despite revenue above pre-pandemic levels
InterContinental Hotels Group (IHG) shares dipped this morning despite a $750 million buyback, as trading returned to pre-pandemic levels in London but CFO Paul Edgecliffe-Johnson said there was still more recovery to come in the capital.The business rebounded from the pandemic with $1.83 billion in revenue, though this was towards the lower end of analysts’ …
Business
Evening Standard
Government posts surprise January budget surplus after record income tax haul
The UK government recorded a monthly surplus in January despite “substantial spending” on energy support schemes, record debt interest and one-off payments to the EU.The Office for National Statistics (ONS) said there was a public sector net borrowing surplus of £5.4 billion for the month.It was a £7.1 billion smaller surplus than in January 2022 …
Business
Sky News
Brexit deal over Northern Ireland not likely this week, minister suggests
A deal to resolve post-Brexit trading issues in Northern Ireland is not likely this week, a minister has suggested. Maria Caulfield told Sky News Rishi Sunak is “working really hard” to fix problems with the contentious Northern Ireland Protocol, amid signs of a possible Tory rebellion. Asked about the prospect of a breakthrough this week …
Business
Sky News
Hunt to ‘stick to plan’ despite borrowing £30bn less than predicted in year to date
Public borrowing in the financial year to date is £30.6bn less than predicted by the Office for Budget Responsibility (OBR), according to the last set of official figures before next month’s budget.The Office for National Statistics (ONS) reported a £5.4bn surplus for the chancellor in January – aided by the highest January figure for self-assessment …
Business
Evening Standard
Firms with four-day working week ‘more productive, profitable and happier’
Businesses that have adopted a four-day working week for all staff have said they are more productive and profitable, and hailed a healthier and happier workforce.It comes as the world’s biggest trial of a four-day working week was deemed a success by researchers, as the vast majority of companies involved said they will continue to …
Business
Sky News
‘Major breakthrough’: Most firms say they’ll stick with a four-day working week after successful trial
The world’s biggest trial of a four-day working week has been hailed a success – with most of the companies involved saying they would continue offering a shorter week.A total of 61 companies across several sectors in the UK were involved in the pilot, which ran for six months from June last year. Employers had …
Business
Sky News
Mastercard and Visa to be hit with £7.5bn compensation claim
The global payment giants Mastercard and Visa are facing the latest in a string of multibillion-pound competition lawsuits with the launch of a potentially vast class action claim on behalf of British companies.Sky News has learnt that Harcus Parker, a London-based commercial litigation law firm, is close to filing what it believes will be among …
Business
Sky News
Virgin Media O2 dials up £100m bid for altnet rival Trooli
Virgin Media O2 and its shareholders are exploring a takeover bid for Trooli, one of the UK’s army of ‘altnet’ fibre broadband companies.Sky News has learnt that the telecoms giant, which is jointly owned by Liberty Global and Spain’s Telefonica, is among a substantial number of parties examining offers for Trooli as part of a …
Business
Evening Standard
Lush in legal row with ex-boss over £216.8m share sale
Hand-made cosmetics retailer Lush has been plunged into a legal dispute with a business set up by its former chief executive Andrew Gerrie over the sale of Gerrie’s stake in Lush.Silverwood Brands – a special-purpose acquisition company set up last year that lists Gerrie as a director – announced in December that it had acquired …
Business
Business Live
Housebuilder Cussins bucks market slowdown thanks to demand for rural properties
The director of Alnwick-based housing firm Cussins says only a lack of available land is constraining growth at the firm. Peter Cussins says the family-run business has benefited from buyers seeking rural homes on the back of the pandemic, plus a wave of people from the South wanting to escape overheated urban areas. The firm’s …
Business
Sky News
‘Lacklustre’: Govt plans to tackle sewage spills on beaches criticised for ‘repeating’ past mistakes
The government has been accused of going round in circles in its attempt to stop sewage pouring into England’s rivers and seaside.The environment secretary Thérèse Coffey has ordered England’s water and sewerage companies to share a “clear plan” to reduce spills from every single storm overflow. Pipes releasing into bathing waters and critical nature sites, …
Business
Evening Standard
Darktrace orders third-party review into finances as it fends off short-seller report
Darktrace has ordered an external report into its finances in a bid to fend off a short-seller report questioning the validity of its statements to shareholders.The cybersecurity firm has appointed accountancy firm Ernst & Young to provide an additional independent third-party review of its key financial processes and controls.In a 70-page report released at the …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources