Latest Stories All Stories

Business
Business Live
The Botanist owner returns to profit as sales surpass pre-pandemic levels
The business behind bar and restaurant brand The Botanist returned to the black as its sales surpassed pre-pandemic levels during its latest financial year. New World Trading Company’s brands also include The Florist, The Club House, The Oast House, The Canal House, The Trading House, The Smugglers Cove and The Furnace. The business is backed …
Business
Evening Standard
Bank of England promises to end gilt purchases on Friday
The Bank of England has said its scheme to protect the market from the chaos in the wake of the Chancellor’s mini-budget will come to a close on Friday.Pension funds will have to have found tens of billions of pounds before the end of the week to ensure they have enough cash on hand to …
Business
Evening Standard
Hopes of a ‘slight change’ in talks to end rail dispute
A rail industry official has expressed hopes of a “slight change” in negotiations aimed at resolving the long-running dispute over pay, jobs and conditions.Tim Shoveller, lead negotiator for Network Rail, said he was “continually hopeful” for an agreement to change working conditions, adding that talks with unions were continuing despite a series of strikes which …
Business
Evening Standard
City turmoil ‘more to do with interest rates’ than tax measures, says Rees-Mogg
The Bank of England’s failure to raise interest rates in line with the US is driving turbulence in financial markets rather than Kwasi Kwarteng’s mini-budget, Business Secretary Jacob Rees-Mogg has said.His comments came as Liz Truss prepared to face MPs with the Government battling for credibility over its economic policies as turmoil in the markets …
Business
Sky News
Truss and Kwarteng’s main plan is growth – the shrinking figures look like a failing govt | Paul Kelso
The problem for a government that sets a target to grow the economy above all else is that every month it gets a scorecard on progress, and this morning it looks like it’s failing.Strictly speaking, the 0.3% contraction in gross domestic product (GDP) announced for August is not the responsibility of Liz Truss and Kwasi …
Business
Sky News
Truss and Kwarteng’s main plan is growth – the shrinking figures look like a failing govt
The problem for a government that sets a target to grow the economy above all else is that every month it gets a scorecard on progress, and this morning it looks like it’s failing.Strictly speaking, the 0.3% contraction in gross domestic product (GDP) announced for August is not the responsibility of Liz Truss and Kwasi …
Business
Evening Standard
Poundland owner posts sales jump amid ‘challenging times’ for UK shoppers
Poundland owner Pepco Group has benefitted from the cost of living crisis with an uptick in revenues across the business but has warned that that the retail outlook across the UK remains “challenging”.Like-for-like revenues at Poundland the discount retailer that sells everyday products including FMCG brands to clothing for value hunting customers were up 2.6% …
Business
Evening Standard
PageGroup signals start of global jobs market slowdown
Recruitment giant PageGroup has revealed signs of a slowdown in the global jobs market as it said some roles were being withdrawn and hiring was starting to take longer.The group, which owns Page Personnel and Michael Page, said it had seen a “slight softening” in confidence among firms recruiting across most of its markets worldwide …
Business
Sky News
Bank of England confirms bond-buying programme will end on Friday
The Bank of England has confirmed its emergency bond-buying programme will end on Friday as planned after reports suggested it might extend the support for pension funds.On Wednesday morning, it said all temporary and targeted purchases of UK government bonds, known as gilts, will end. This has been the position throughout and has been “made …
Business
Sky News
Government borrowing costs hit 20-year high after Bank of England confirms bond-buying will end on Friday
UK government borrowing costs have hit a 20-year high after the Bank of England confirmed its emergency bond-buying programme will end on Friday as planned.On Wednesday morning, it said all temporary and targeted purchases of UK government bonds, known as gilts, would stop. This has been the position throughout and has been “made absolutely clear …
Business
Sky News
Rees-Mogg argues pensions ‘aren’t at risk’ despite BoE warnings
Jacob Rees-Mogg has declared his confidence in the governor of the Bank of England, but disputed that pension funds are at “systemic” risk.Speaking to Sky News, the business secretary said “of course” he has confidence in Andrew Bailey, describing him as “respected”. He questioned, however, whether there was a “systemic problem” with pensions after the …
Press Release
Pressat
Founders Forum Group partners with the Centre for Entrepreneurs to support UK founders in challenging times
EMBARGOED UNTIL 06:00 BST [GMT+1] on 12 OCTOBER 2022 Founders Forum Group and Centre for Entrepreneurs are expanding their partnership to fuel more UK startups and entrepreneursThe Group will make a significant annual donation to the not-for-profit organisation and host the charity’s offices at its headquarters on London’s Strand This expands Founders Forum Group’s current …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources