Latest Stories All Stories

Business
Sky News
BritishVolt on the brink as £100m of government funding yet to materialise – source
The company behind a planned battery gigafactory to help power the UK’s electric car future is on the brink of collapse because £100m of promised government funding is yet to be paid, a source has told Sky News.It was revealed in January that BritishVolt’s plans for the site in Northumberland had secured financial backing from …
Business
Sky News
Britishvolt on the brink as £100m of govt funding yet to materialise
The company behind a planned battery gigafactory to help power the UK’s electric car future is on the brink of collapse because £100m of promised government funding is yet to be paid, a source has told Sky News.It was revealed in January that Britishvolt’s plans for the site in Northumberland had secured financial backing from …
Business
Sky News
Growing consumer caution evident as mortgage approvals and demand for borrowing ease
Lending to British consumers rose last month by less than expected and the number of mortgages approved by lenders eased back, according to Bank of England (BoE) data.Mortgage approvals for house purchases fell to 66,800 in September from 74,400 in August – reflecting rising interest rates to battle inflation and the start of the fallout …
Business
Sky News
Demand for mortgages falls as customers grapple with high rates
Mortgage lending fell as the number approved didn’t rise as high as expected, according to Bank of England (BoE) data.Mortgage approvals for house purchases fell to 66,800 in September from 74,400 in August – reflecting rising interest rates to battle inflation and the start of the fallout from the mini-budget, according to analysts. A large …
Business
Sky News
Eurozone inflation rises far more than expected to hit record 10.7%
The annual rate of inflation in the euro zone has hit a record high of 10.7%, again exceeding levels predicted by economists and market analysts.The European Commission’s statistics agency Eurostat reported that food and imported industrial goods all pushed prices sharply higher in October – adding to the bloc’s energy-driven inflation crisis. Economists had predicted …
Business
Evening Standard
Is the Bank of England on a “collision course” with Rishi Sunak?
Are political considerations leaking into Bank of England interest rate calls?Well, we might have a clearer idea of that on Thursday, when the Bank makes one of the most closely watched monetary policy decisions in ages.There’s no question rates will go up from 2.25%, but by how much?City folk are asking each other this: are …
Business
Sky News
Musk asks Twitter followers if he should bring back long-dead app
Elon Musk has asked his Twitter followers whether he should bring back Vine.Less than a week after completing his contentious $44bn takeover, the self-anointed “Chief Twit” appears open to relaunching the short-form video app axed by his new company back in 2016. “Bring back Vine?” tweeted Musk in the early hours of Monday, with just …
Business
Business Live
Business confidence falls in North East as economic challenges take their toll
Business confidence across the North has tumbled 20 points as the challenging economic environment took its toll on companies and their fears for future trade prospects, a new survey shows. The latest Business Barometer from Lloyds Bank Commercial Banking – carried out between October 3 to 17 – showed confidence fell to 10%, with companies …
Business
Business Live
Oil firm Rockhopper ‘disappointed’ as Italy seeks to annul drilling ban payout
A Wiltshire-based oil company has said it is “disappointed” that Italy is seeking to annul a multimillion-pound compensation payout that was due to be made to the business after the country cancelled a major drilling project. Aim-listed Rockhopper Exploration, which is headquartered in Salisbury, was awarded €190m (£162m) plus interest in damages from the Italian …
Business
Sky News
Food shortage and inflation risks rise after Russia withdraws from Black Sea export deal
Wheat and other wholesale food costs have risen sharply after Russia withdraws from an export deal designed to ensure crucial supplies flow from war-torn Ukraine.Wheat futures jumped almost 6% on Monday while corn rose more than 2% – reflecting renewed concerns around shortages that have dogged markets since Moscow’s decision to invade its neighbour in …
Business
Business Live
Asda completes £600m deal to buy Co-op’s petrol forecourt business
Asda has completed a deal worth around £600m to buy the Co-op’s petrol forecourt business. The supermarket, which is owned by the billionaire Issa brothers and TDR Capital, said 2,300 workers will move over from the Co-op to the group. The new focus in forecourts and convenience stores comes after Asda’s £6.8bn takeover by the …
Business
Business Live
Static electricity specialist acquired by Aim-listed firm
A business which helps firms across the world control static electricity has been acquired by an Aim-listed firm for around £17m. Fraser Anti-Static Techniques employs around 50 people across its three manufacturing sites in Bampton near Tiverton, in Devon, as well as a base in Bristol. It also has sales offices in China and Germany. …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources