Rachel Reeves is expected to approve above-inflation pay rises for millions of public sector workers next week, amid concerns over the cost of further industrial action if the Government refuses. The Chancellor is set to respond to the recommendations of independent pay review bodies on Monday, when she will alsoContinue Reading
London markets have ended the week on an optimistic note with the FTSE 100 clawing back earlier losses to reach a fresh one-month high. The UK’s top share index was lifted higher with NatWest shares making significant strides following its half-year earnings update. It closed 99.36 points higher, or 1.21%,Continue Reading
Ted Baker could disappear from British high streets as the struggling fashion chain plans to shut all its stores within weeks. The business behind the fashion brand’s UK shops, No Ordinary Designer Label Limited (NODL), fell into administration in March. It has since shut 15 shops in the UK, resultingContinue Reading
Drivers are still paying too much for their fuel, with retail margins “significantly” above historic levels, according to the UK competition watchdog. The Competition and Markets Authority (CMA) said that the fuel market is still “failing consumers” a year on from its first report that laid bare the problems inContinue Reading
The Labour Government will not “duck difficult decisions” in its budget, Wes Streeting said amid concerns over a black hole in the public finances of around £20 billion. The Health Secretary said “tough choices” were required ahead of an expected update from Chancellor Rachel Reeves on a spending audit sheContinue Reading
The FTSE 100 finished on a high on Thursday after initially slipping to a three-month low earlier in the day. The blue-chip index rose 33 points to end the day on 8,186, a 0.4% increase. It recouped losses from early trading, after the index fell in the morning with moreContinue Reading
Private equity firm Apollo Global Management has said it is buying British parcel delivery firm Evri in a £2.7 billion deal. Apollo is set to buy Evri from Advent International, the private equity firm which bought the company, then the UK operations of the Hermes delivery group, for one billionContinue Reading
Many car manufacturers would “struggle to comply” if Labour enacts its pledge to reinstate the 2030 ban on new petrol and diesel cars without flexibilities, a senior automotive industry figure has warned. Mike Hawes, chief executive of trade body the Society of Motor Manufacturers and Traders (SMMT), suggested the GovernmentContinue Reading
Cybersecurity firm CrowdStrike is facing new criticism after offering a ten dollar UberEats voucher as an apology for the major global IT outage last week which grounded flights and cancelled medical appointments. A flawed software update from the company impacted around 8.5 million Windows computers worldwide last Friday, bringing businessesContinue Reading
Revolut has secured a UK banking licence, marking the end of the fintech giant’s three-year wait for approval to operate as a bank in its home market. A licence means the company will be able to hold customer deposits, and offer lending products like credit cards, personal loans, or mortgages. TheContinue Reading
