Latest Stories All Stories

Business
Sky News
Tesco boss makes food inflation prediction as big retailers report Christmas progress
Tesco’s boss says he “thinks and hopes” food inflation, which stood at a record high in December, will start to ease in the second half of the year.Ken Murphy was speaking after the UK’s largest retailer claimed it was the only one of the major supermarket chains to have grown its market share versus pre-pandemic …
Business
Sky News
Three million people ran out of credit on their prepayment energy meter last year
Three million people across Britain ran out of credit on their prepayment energy meter last year, the equivalent of one every 10 seconds, Citizens Advice has said. The service said it has seen more people unable to afford to top up their energy accounts in 2022 than in the entire last 10 years combined. This …
Business
Sky News
Royal Mail unable to despatch items abroad after ‘cyber incident’
Royal Mail has said it is facing severe disruption to its international export services after a “cyber incident”.“We are temporarily unable to despatch items to overseas destinations,” it said. “Some customers may experience delay or disruption to items already shipped for export.“Our import operations continue to perform a full service with some minor delays.”The firm …
Business
Sky News
What is a recession and what causes it?
The UK is officially in recession – but what does that mean?Warning bells have been sounding for months over the risk of the economy slipping into recession. The rule of thumb is that when the economy shrinks for six months in a row, it’s in a recession.But what happens during a recession, and how is …
Business
Sky News
Evidence suggests government seeking conflict over rail strike – but a window has still opened for a deal
The Transport Select Committee heard from two sides in the national rail dispute, but the most important voice – the third rail – was not even in the room.Mick Whelan, of drivers’ unions Aslef, put the chances of resolution at zero (on a scale of one to 10) while Mick Lynch, of the RMT, said …
Business
Sky News
Profit warnings at recruitment firms show unemployment is likely to rise
With recessions expected in many parts of the world during 2023, it is highly likely that unemployment will rise in a number of economies this year.Supporting that argument are twin profits warnings during the last 48 hours from two of the UK stock market’s best-known recruitment firms, Robert Walters and Pagegroup. Tuesday saw Robert Walters, …
Business
Sky News
Paperchase sale on the cards again just four months after takeover
Paperchase, the high street cards and stationery retailer, has been put up for sale just four months after its latest change of ownership.Sky News has learned that the chain, which was taken over in August by Steve Curtis, an experienced retail investor, is being auctioned by PricewaterhouseCoopers (PwC), the accountancy firm. Mr Curtis, who led …
Business
Sky News
What is Davos and what happens at the World Economic Forum meeting?
The World Economic Forum’s annual meeting – more commonly known as Davos – takes place in January, with business and world leaders gathering this year for discussions on the 2023 theme of “cooperation in a fragmented world”.Here’s everything you need to know. What is Davos?Davos is the annual meeting of the World Economic Forum (WEF). …
Business
Business Live
Asian robotics manufacturer launches UK HQ
A manufacturer of robotics headquartered in China has opened a new UK head office in Birmingham. Quicktron has launched the 1,000 sq ft operation at the iCentrum building on Bruntwood SciTech’s Innovation Birmingham campus in the city centre. Founded in 2014, the company specialises in so-called intralogistics automation, designing and building robotic products which move …
Business
Business Live
Jobs saved after opticians sold out of administration in pre-pack deal
Jobs have been saved following a merger of two well-known high street opticians in Wales. Julian Davies Opticians has agreed a prep-pack administration deal to rescue Bateman Opticians saving 19 jobs. Bateman Opticians, which has four practices in Cardiff, Newport and Blackwood, had been placed into administration and facing closure. The rescue package sees the …
Business
Business Live
Topps Tiles says sales up as it deals with boardroom battle
Management at Topps Tiles said sales were up 10 per cent in the last three months of 2022. Half of the growth, it said, was down to the acquisition of Midlands-based online retailer Pro Tiler Tools back in October. It comes as Topps – which is headquartered in Leicestershire, and has sales of around £250 …
Business
Business Live
Mining firm Cornish Metals makes discovery while drilling at South Crofty in Cornwall
Mining company Cornish Metals has found new high-grade tin while drilling at its mine in Cornwall. The AIM-listed firm said it made the discovery while carrying out work at the southern boundary of the South Crofty mine in the Duchy. The spot, called the ‘Wide Formation’, is an extension of the Great Flat Lode – …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources