Latest Stories All Stories

Business
Sky News
Platinum Jubilee failed to prevent fall in retail sales
Retail sales dipped by 0.1% in June 2022, less than experts had expected but continuing a downward trajectory that reflects an economy grappling with record food and fuel prices.Non-food stores, such as clothing and household goods, which slumped by 4.7% and 3.7% respectively, were hit particularly hard, according to data from the Office of National …
Business
Sky News
Airlines must treat passengers better when flights disrupted, say regulators
Regulators have told airlines that they must treat passengers better when dealing with disruption.In a joint letter to carriers. the Competition and Markets Authority (CMA) and the Civil Aviation Authority (CAA) said passengers “could experience significant harm unless airlines meet their obligations”. They said some airlines were not doing enough to avoid “engaging in one …
Business
Sky News
Events group Pollen hires Goldman in scramble to find buyer
An events start-up which raised $150m from blue-chip investors just three months ago has drafted in Goldman Sachs as it scrambles to find a buyer.Sky News has learnt that Pollen, which sells travel experiences incorporating events featuring Duran Duran and Justin Bieber, is working with the Wall Street investment bank on efforts to secure new …
Business
Sky News
Sharp rate rise by European Central Bank may force Bank of England to follow suit
An interest rate rise from the European Central Bank (ECB), its first for 11 years, was always nailed on.Christine Lagarde, the ECB’s president, had already explicitly stated in June that the bank would be increasing its main policy rate by a 0.25 percentage points this month. But the decision took on much greater significance when, …
Business
Evening Standard
Frasers Group delivers profit surge but warns over cost of living
Sports Direct’s parent firm, Frasers Group, has swung to a bumper profit for the past year and expects this to surge further, despite warning over the cost of living and supply chain pressures.The Mike Ashley-founded business hailed a strong performance despite a “significant increase” in running costs.The company, which also runs House of Fraser and …
Business
Evening Standard
Pfizer slapped with £63 million fine by CMA
The Competition and Markets Authority has slapped US pharma giant Pfizer with a £63 million fine after it was accused of overcharging the NHS.The CMA said the company had charged unfairly high prices for phenytoin sodium, an epilepsy drug, for over 4 years.Pharma firm Flynn was also charged £6.7 million as part of the CMA …
Business
Sky News
Pfizer fined for overcharging NHS for life-saving epilepsy drug
Two pharmaceutical companies have been fined after they overcharged the NHS for a life-saving epilepsy drug.The Competition and Markets Authority (CMA) fined Pfizer £63m and Flynn £6.7m after finding that they had “abused their dominant positions” in the market to charge unfairly high prices over a four-year period. NHS costs for the phenytoin sodium capsules …
Business
Business Live
British Business Bank has offered £135m in recovery loans to SMEs in Wales
A loans recovery scheme from the British Business Bank has provided £135m of lending to firms Wales since being launched in April last year. The Recovery Loan Scheme was set up by the UK Government’s economic development bank, which has a UK-wide remit to provide loans and equity firms, to help UK businesses recover and …
Business
Sky News
June record for UK govt interest payments, European gas supplies, and the cost of living
Ian King brings us the latest on government borrowing and catches up with the head of European gas at Energy Aspects, James Waddell, to discuss demand for the energy supply, after Russia turned taps back on having closed Nord Stream One for repairs.And Sky’s political correspondent Tamara Cohen talks to Boris Johnson’s cost of living …
Business
Evening Standard
Dunelm hires Whitbread boss Brittain to succeed Harrison as chair
Dunelm has appointed outgoing Whitbread boss Alison Brittain to succeed Andy Harrison in heading up the home furnishings retailer.She will take up the post of non-executive director and chair designate while formal proceedings are completed that will allow her to ascend to the top job. Brittain announced that she would step down from her role at …
Business
Evening Standard
Associated British Foods appoints M&S finance boss Tonge as CFO
Primark owner Associated British Foods (ABF) has appointed M&S finance head Eoin Tonge as CFO succeeding John Bason who will retire and will step down from the company’s board.Tonge who has held the position of CFO at high street retailer M&S since June 2020 was previously head of finance at convenience foods manufacturer Greencore and managing director and chief …
Business
Sky News
Without these chips, we are in big trouble – and Britain has no strategy
There are many factories around the world, but few look anything like semiconductor fabs.These places – fabrication plants, to give them their full name – are otherworldly in all sorts of respects. Bathed in yellow light and populated by workers wearing head-to-toe white suits, visiting one of them feels like entering the world depicted by …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources