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Sky News
Tesco boss nets £4.7m pay packet as shoppers cut back on food due to rising costs
The boss of Tesco picked up a bumper pay deal totalling £4.74m over the last year, the supermarket giant revealed in its annual report.It comes as official figures showed the number of people buying less food has increased over the past month due to surging inflation and the worsening cost of living. The report, published …
Business
Sky News
Plans to cut 90,000 civil servants ‘perfectly reasonable’, says Rees-Mogg as he shows up with four aides for TV interview
Jacob Rees-Mogg has said that plans to cut more than 90,000 civil service jobs in order to free up billions of pounds for measures to ease the cost of living crisis does not amount to the return of austerity.During an away-day with cabinet ministers in Stoke-on-Trent on Thursday, the prime minister asked cabinet ministers to …
Business
Euro News
Terra Luna stablecoin collapse: Is this the 2008 financial crash moment of cryptocurrency?
Business
Euro News
Terra Luna stablecoin collapse explained: Is this the 2008 financial crash moment of cryptocurrency?
Business
Sky News
Bitcoin hits lowest value for almost two years amid huge crypto sell-off
Cryptocurrency values are taking a further pounding amid a resumption in a wider flight from risk over growing fears of an inflation-driven global recession.A meltdown in the value of a so-called stablecoin, TerraUSD, was widely blamed for stoking a sell-off in crypto assets that saw Bitcoin hit a 20-month low at one stage on Thursday. …
Business
Sky News
No coup for royal palaces as ministers restart search for next chair
The hunt for the next chair of historic British sites including the Tower of London is being scrapped and restarted – the latest in a string of failed appointment processes for major public roles.Sky News has learnt that officials at the Department for Digital, Culture, Media and Sport (DCMS) have been told to go back …
Business
Business Live
County Durham’s Premier Tech swoops for Surrey business Envirowise
County Durham sustainable tech firm Premier Tech is set to grow its client base after snapping up a Surrey business in an undisclosed deal. Premier Tech, which has the head office for its water and environment division in Peterlee, has acquired Envirowise in Camberley, which specialises in servicing and maintaining residential and commercial wastewater treatment …
Business
Business Live
Wales to get at least one freeport as Welsh and UK governments confirm deal
Wales will get at least one freeport after confirmation of an agreement between the Welsh and UK governments. It comes after the UK Government, having originally offered £8m, has now agreed non-repayable finance of at least £26m to support freeports in Wales. The funding is in line with the backing for eight agreed freeports in …
Business
Evening Standard
GDP: UK economy shrank 0.1% in March
The economy went into reverse in March for the first time since the end of last year as hard-stretched consumers began reining in their spending.The Office for National Statistics (ONS) said gross domestic product (GDP) rose by 0.8 per cent between January and March, down from growth of 1.3 per cent in the previous three …
Business
Business Live
‘Liberals’ are showing their true intolerant nature after the furore over Elon Musk’s takeover of Twitter
Has there ever been a takeover that’s caused more furore than Elon Musk’s bid for Twitter? For anyone who might have been living under a rock, billionaire Musk has reached a $44bn deal to buy the social network with more than 200 million users, and not everyone is taking kindly to it. While many, predominantly …
Business
Business Live
LiveWest and Homes England agree deal to build thousands of homes across South West
Thousands of affordable homes are to be built in the West of England following a deal between housing association LiveWest and government agency Homes England. The partnership will see some 3,800 properties built across the region by 2028. The Government has committed £5.2bn in affordable housing grants through its Affordable Homes Programme 2021-26, announcing 31 …
Business
Business Live
Urban Splash joint venture enters administration with 160 people made redundant
A total of 160 jobs have been lost after a modular housing joint venture between Urban Splash and a Japan-based giant entered administration. The US House Group is a joint venture between the Manchester-headquartered property company, Sekisui House UK – a subsidiary of the Japan-based Sekisui – and Homes England who own the remaining 4% …

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