Latest Stories All Stories

Business
Sky News
Dog food, butter and milk see biggest price hikes as annual supermarket bill set to rise by £454
Annual grocery bills have risen by £454, according to closely-watched industry data tracking the cost of thousands of everyday products.The latest report on the supermarket sector, released by Kantar Worldpanel, showed price inflation stood at 9.9% in early July – the second-highest level it had ever recorded since comparable records began in 2008. It noted …
Business
Sky News
Real wages see record plunge over three months as public sector workers worst affected
Regular pay has seen the biggest plunge in more than 20 years when rising prices are taken into account, according to the Office for National Statistics.Real wages, excluding bonuses, fell an average of 3.7% over the three months to May, representing the worst annual drop since records began in 2001. “Following recent increases in inflation, …
Business
Sky News
Amazon files lawsuit against 10,000 Facebook groups designed to create fake reviews
Amazon has filed a lawsuit against the administrators of more than 10,000 Facebook groups which attempt to orchestrate fake reviews in exchange for money or free products. The groups are set up to recruit individuals willing to post incentivised and misleading reviews on Amazon’s online stores in the US, the UK, Germany, France, Italy, Spain, …
Business
Sky News
Zahawi sits on Tory leadership fence ahead of Mansion House address
Nadhim Zahawi, the chancellor, has been advised by civil servants not to declare his formal backing for any of the Conservative Party leadership candidates in order to preserve his place at this week’s Mansion House dinner.Sky News has learnt that Mr Zahawi was told several days ago that his neutrality after his own exit from …
Business
Evening Standard
Goldman shares jump as banker pay cut by 40%
Pay and bonuses at US investment bank Goldman Sachs plunged 40% as the company posted results that beat analyst expectations.The total payroll bill for the company came to $7.8 billion in the six months to June 30, 2022, compared to $11.3 billion a year prior, representing a 40.3% fall in pay per head from $277,000 …
Business
Sky News
Starling pulls Irish bank application as international focus shifts
One of Britain’s most valuable digital lenders has withdrawn its application for an Irish banking licence, signalling a shift in its international expansion strategy.Sky News has learnt that Starling Bank told its 2,000 employees on Monday that it had ended a four-year process aimed at launching a retail bank in Ireland. In a memo to …
Business
Sky News
More than 40,000 BT workers to begin strike action at the end of July, union says
More than 40,000 BT workers will go on strike on 29 July and 1 August, the Communication Workers Union (CWU) has said.The union said the industrial action may cause “significant issues” for those working from home and is likely to have a “serious effect” on the roll-out of ultra-fast broadband. BT staff voted last month …
Business
Sky News
More than 40,000 BT workers set to strike over pay
More than 40,000 BT workers will go on strike on 29 July and 1 August, the Communication Workers Union (CWU) has said.The union said the industrial action may cause “significant issues” for those working from home and is likely to have a “serious effect” on the rollout of ultra-fast broadband. BT staff voted last month …
Business
Evening Standard
Foxtons strikes listing deal with OnTheMarket as it seeks to overcome shareholder ire
Embattled London-focused estate agent Foxtons has struck an agreement with online property firm OnTheMarket to list all its UK properties on the site.Foxtons, which has 50 branches across London, will now list all its residential sales and letting properties on OnTheMarket.com.OnTheMarket boss Jason Tebb said that being recognised by Foxtons was “further proof our strategy …
Business
Business Live
GWR issues heatwave warning as UK braces for record temperatures
South West train operator GWR has issued a warning to travellers as temperatures in Britain are set to reach record-breaking highs this week. GWR urged people to only travel if “absolutely necessary” on Monday and Tuesday (July 18 and 19) as the country’s first-ever red heat warning comes into effect in much of England. Temperatures …
Business
Business Live
People in Wales need to get out of cars and into buses and coaches to reach net zero target
Wales’ net zero emissions target will require a significant shift from car journeys to bus and coach, according to a new report from Confederation of Passenger Transport Cymru. Its Decarbonisation Dividend in Wales report, compiled with WPI Economics, found that if every person in Wales switched two car trips to the local bus each month …
Business
Business Live
Green bond backing for magnet metal specialist Pensana widens investment market ahead of ground-breaking
Emerging magnet metal material provider Pensana has been certified as a clean investment option in the week in which ground will be broken at Saltend. The London-listed company, which will supply into electric vehicle and offshore wind markets from a £150 million complex chemical engineering plant on the Humber Bank, has been recognised by Cicero, …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources