Latest Stories All Stories

Business
Business Live
Russian seafood sanctions hit with Grimsby cluster chiefs warning of potential to push prices up
A warning over further price inflation on seafood has been sounded as the 35 per cent tariff on Russian imports has finally been introduced. First announced in March as part of a round of sanctions aimed at closing economic lines into Putin’s war chest as the invasion of Ukraine took hold, it was paused to …
Business
Business Live
Northumberland space start-up NORSS acquired by US defence giant Raytheon
American defence giant Raytheon has acquired a 22-strong space technology company based in Alnwick, in an undisclosed deal. The UK arm of the aerospace and defence multinational said it intends to buy Northern Space and Security Ltd, or NORSS, in a move the start-up’s founder says will facilitate expansion. RAF veteran Ralph Dinsley founded the …
Business
Evening Standard
Morses Club shares dip 40% on scheme to address customer claims
Doorstep sub-prime lender Morses Club’s shares fell 40% in early trading this morning  as it announced it was to enter a “potential scheme of arrangement” to address customer compensation claims that “could jeopardise the group’s future”.It said that a key objective of the potential scheme that has been identified to the regulator the Financial Conduct Authority (FCA) …
Business
Business Live
Harworth Group reports strong first half but signals ‘uncertainty’ in UK market
Land regeneration outfit Harworth Group says the value of its portfolio will rise above predictions for the first half of the year. In an update to investors ahead of the Rotherham-based group’s half year results, Harworth said its 2022 performance would likely be weighted to the six months to the end of June, owing to …
Business
Evening Standard
Royal Mail ponders break up as it loses £1m a day
ROYAL MAIL plunged to a dramatic loss and embarked on another corporate rebrand as it headed into a summer of strikes by unhappy workers.It is threatening a break up of the business which can trace its history back to 1516.Postal workers, among the feted heroes of the Covid crisis, voted yesterday for industrial action after …
Business
Sky News
Loan scheme for small businesses to be extended by two years
A scheme offering government-backed loans to small businesses will be extended by a further two years, the business secretary has announced.Kwasi Kwarteng said on Wednesday: “Small businesses are the lifeblood of the British economy, which is why we are determined to support our traders and entrepreneurs in dealing with worldwide inflationary pressures. “The extension of …
Business
Sky News
Royal Mail losing £1m a day, chairman says
Royal Mail is losing £1m a day, its chairman has revealed.The business reported an adjusted operating loss of £92m between April and June – the first financial quarter. Chairman Keith Williams blamed the slump on a decline in parcel volumes and a lack of progress in “delivering efficiencies”.Mr Williams said: “The pandemic boom in parcel …
Business
Evening Standard
Inflation rises to fresh 40-year high of 9.4%
Inflation hit a fresh 40-year high in June when it rose to 9.4 per cent, official figures have revealed.Soaring energy and food bills and the rising cost of filling up the car with fuel were once again largely responsible for the rise in the headline measure of the cost of living in June, the Consumer …
Business
Evening Standard
Two thirds of finance heads braced for recession next year
Almost two thirds (63%) of finance leaders are expecting a recession next year as the economy is battered by rising inflation and intensifying economic headwinds.According to the latest UK CFO survey from business consultants Deloitte more than two-thirds of those surveyed (68%) believe high inflation will continue, anticipating it to remain higher for longer, and …
Business
Evening Standard
Third of homeowners gained £50k in property value during pandemic
A third of homeowners have made more than £50,000 on their property during the duration of the coronavirus pandemic, according to online property platform Zoopla.The value of UK homes combined has also passed the £10 trillion mark for the first time, based on the value of Britain’s 29.5 million homes adding nearly a 15% increase …
Business
Sky News
NHS staff get 4.5% pay rise, teachers 5% and police £1,900 – but unions say it is ‘kick in the teeth’
NHS staff will get at least a 4.5% pay rise, teachers at least 5% and police officers will receive £1,900 after a public sector pay review – but unions said it was not enough.All police ranks will get the same amount of extra pay from 1 September, with those on the lowest pay getting an …
Business
Sky News
Sharper rate hike is ‘not locked in’ as economy slows, Bank of England governor to say
The governor of the Bank of England is to warn that the prospect of a sharper increase in Bank rate next month is “not locked in” amid growing evidence of an easing in economic growth and in some inflationary pressures.Andrew Bailey was expected to tell the City of London’s annual Mansion House dinner that while …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources