Latest Stories All Stories

Business
Evening Standard
Inflation fuels jump in Government debt costs as borrowing hits £4.9bn
Interest payments on Government debt jumped by almost 40% last month as rocketing inflation continues to add to state borrowing, according to official data.The Office for National Statistics (ONS) said Government borrowing hit £4.9 billion in July.It is significantly ahead of the predictions of analysts, who had forecast £2.8 billion in borrowing last month, and …
Business
Evening Standard
Upscale high street retailer Joules hits financial buffers
Troubled high street retailer Joules has hit the financial buffers releasing a widely downbeat update on recent trading at the country lifestyle chain predicting a “significant” loss for the first half of the year.In the update, released this morning (Friday), the favoured outlet of William and Kate the Duke and Duchess of Cambridge said that …
Business
Evening Standard
Retail sales lift but shoppers are making cutbacks in the long term – ONS
UK retail sales picked up in July but continued to show longer-term signs that consumers are making cutbacks to save money amid soaring inflation, according to official figures.Sales lifted by 0.3% in July, significantly higher than economists’ expectations of a 0.2% drop, the Office for National Statistics reported.But sales fell by 1.2% in the three …
Business
Sky News
Retail sales recover slightly in July with 0.3% rise but long-term decline persists
UK retail sales rose in July but the longer-term downward trend in consumer spending shows no sign of abating, official data shows.Sales increased by 0.3% in July, which was much higher than economists’ forecasts of a 0.2% drop, according to the Office for National Statistics. But sales fell by 1.2% in the three months to …
Business
Sky News
More transport misery as London Underground and bus staff begin latest walkout
Workers on the London Underground are staging a 24-hour walkout in a continued row over jobs and pensions.Members of the RMT union are striking today, along with some of their Overground colleagues, closing large parts of the Tube network for the day. Most buses across west and southwest London will also not run as a …
Business
Evening Standard
Consumer confidence hits record low amid ‘acute’ cost-of-living concerns
Consumer confidence has hit a record low amid “acute concerns” in the face of the soaring cost of living and bleak economic prospects.GfK’s long-running Consumer Confidence Index fell three points in August to minus 44, its lowest figure since records began in 1974.All five measures that make up the index fell last month, including confidence …
Business
Sky News
Consumer confidence hits rock bottom amid ‘acute concerns’ about cost of living
Consumer confidence is at an all-time low in light of “acute concerns” about the soaring cost of living and bleak economic outlook, according to new research.GfK’s Consumer Confidence Barometer, which has run since 1974, provides a monthly snapshot of the public mood on crucial economic issues. The group’s index decreased by three points in August …
Business
Sky News
Germany to miss gas storage target amid warnings of winter shortages
Germany will fail to meet its gas stocks target set by the government to avoid a winter energy crisis amid a Russian supply squeeze, the country’s regulator has warned.Klaus Mueller, president of the Federal Network Agency, said there was “hardly a chance” of meeting the November benchmark because some storage sites were already depleted. He …
Business
Sky News
Sir Jim’s determination should on no account be underestimated
One view of Sir Jim Ratcliffe in the business world is that he is an opportunist, an astute trader who likes to buy assets from distressed sellers at low-ball prices.That characterisation – that he is the chemicals industry’s equivalent of rag-trade king Sir Philip Green – is rather unfair. Yes, Sir Jim is an exceptionally …
Business
Sky News
If Sir Jim is set on buying Man Utd, he shouldn’t be underestimated
One view of Sir Jim Ratcliffe in the business world is that he is an opportunist, an astute trader who likes to buy assets from distressed sellers at low-ball prices.That characterisation – that he is the chemicals industry’s equivalent of rag-trade king Sir Philip Green – is rather unfair. Yes, Sir Jim is an exceptionally …
Business
Sky News
Travelodge on hunt for 140 new sites under £3bn expansion plans
Budget hotel chain Travelodge is looking for more than 140 new sites under expansion plans that promise £3bn of investment and thousands of jobs.The company wants to grow its empire by opening 127 new hotels in London, creating 6,000 jobs, and 16 in the North East, leading to 400 jobs. The announcement was made as …
Business
Evening Standard
Rank Group sees the return of high-rolling London visitors after slow start to summer
Rank Group, the FTSE 250 casino operator, is betting on the faster return of high-rolling foreign visitors to London after Covid kept some of its key customers away until later in the summer.Covid restrictions have kept gamblers from the far east out of the company’s nine London venues, but its middle eastern customers are now …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources