Latest Stories All Stories

Business
Sky News
Barclays reports fall in profits as customers feel the impact of ‘harder conditions’
Banking giant Barclays has reported a 7% fall in quarterly profits, flagging the “impact higher prices are having” on its customers during the cost of living crisis.The lender posted pre-tax profits of £2.2bn for the first three months of this year, down from £2.4bn at the same time last year. CS Venkatakrishnan, chief executive of …
Business
Sky News
Sainsbury’s warns profits will be hit by cost of living crisis
Sainsbury’s has warned that its profits this year will be hit by soaring inflation and a fall in customers’ disposable incomes.Britain’s second-largest grocer behind Tesco said that its underlying profit before tax in 2022-23 was expected to be between £630m and £690m, compared to the £730m underlying profit it has reported for the year to …
Business
Sky News
Putin’s gas supply humiliation ritual is a warning shot towards Germany
Last week, the former German chancellor, Gerhard Schröder, gave a rare interview to the New York Times.Schröder has been elusive lately for a glaring reason: he, more than anyone else in recent decades, has been utterly and unashamedly associated with Germany’s reliance on Russian energy. Having left office, he worked for years on plans to …
Business
Euro News
Bitcoin ban: These are the countries where crypto is restricted or illegal
Business
Sky News
Former Parkdean owner joins race to say Hi-de-hi to Butlin’s
A former owner of Parkdean Resorts has joined the line-up of suitors for Butlin’s, the chain of holiday camps made famous by a 1980s BBC sitcom.Sky News understands that Epiris, the private equity firm which offloaded Parkdean in 2017, is among a handful of remaining bidders for Butlin’s. The leisure group’s other bidders include TDR …
Business
Sky News
Retail sales slump in April as shoppers stay cautious in the cost of living crisis
Retail sales slumped in Britain during April, reflecting the caution of shoppers as the cost of living crisis worsens.Figures from the Confederation of British Industry showed the first year-on-year fall in sales volumes in 13 months, with the balance falling to -35, well below the +9 seen in March. The survey deducts the number of …
Business
Sky News
What impact will Russia’s decision to cut off gas to Poland and Bulgaria have on Europe and the UK?
Russia has opened a new front in its war in Ukraine, cutting off gas supplies to two European Union nations that back Kyiv.It has been interpreted as the opening salvo in an intensified conflict across Europe as a whole, with gas supply being the main weapon. Both Poland and Bulgaria have been supplying Ukraine with …
Business
Business Live
Housebuilder Persimmon toasts robust forward order book worth £2.8bn
Housebuilder Persimmon says it has a robust order book worth £2.8bn as demand continues to outstrip supply. The York builder, founded by Northumberland businessman Duncan Davidson, issued a trading update for the period from January 1 to date, saying the firm is trading in line with expectations, on the back of strong demand. Ahead of …
Business
Business Live
London investor acquires third Birmingham building
A London-based property developer and investor has acquired its third building in Birmingham. Consortia Developments has acquired the Colmore Place apartment building in the city’s Jewellery Quarter. The freehold of the grade II listed building at 36-37 Cox Street has been bought in an undisclosed deal from Bricklane REIT. It was built in 1920 and …
Business
Business Live
Physics sector worth over £7bn to Welsh economy
The physics sector is worth £7.3bn and 113,138 jobs in Wales, according to a new report from the Institute of Physics. The professional body, working with the Centre of Economic and Business Research, measured physics’ contribution between 2010 and 2019, and found that economic impact is now more than the construction, transport and retail sectors …
Business
Business Live
Saltrock opens its latest store in Wales
North Devon brand Saltrock has opened a new store in Wales. The surfer-style fashion chain this week opened the doors at the new shop on Castle Street in Conwy. Saltrock took on a former chemist store following a relocation and five new jobs have been created. READ MORE:Holiday group snaps up a fourth North Wales …
Business
Business Live
World’s largest hydraulic crane arrives at Port of Immingham
The world’s largest hydraulic crane has arrived at the port of Immingham. The eagerly-awaited Mantsinen 300M Hybrilift arrived direct from the factory in Finland, and is a £3 million investment by Associated British Ports to boost handling capabilities in Britain’s largest port by tonnage. It was supplied by Cooper Specialised Handling Ltd, the UK’s leading …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources