Scotland’s First Minister has urged the owners of the Grangemouth refinery to reconsider its “premature” closure. Petroineos announced on Thursday it would shutter the refinery in the second quarter of next year as it looks to move to become an import terminal – putting 400 jobs on the site atContinue Reading
Chef and campaigner Hugh Fearnley-Whittingstall has said it is “fantastic to finally see action” after the Government confirmed plans for a pre-watershed ban on adverts for junk food products. On Thursday, Labour confirmed it will introduce legislation to ban companies advertising products deemed high in fat, salt and sugar (HFSS)Continue Reading
The Bank of England could hit the pause button on interest rate cuts after warning it needs to be “careful” not to rush the decision as pressures on inflation linger. Experts think that the Bank’s rate-setting committee will likely keep UK interest rates at 5% on Thursday. The central bankContinue Reading
The Government is to buy the Electricity System Operator (ESO) from National Grid after striking a deal worth £630 million. It will pave the way for the ESO – the operation which oversees balancing supply and demand in the UK’s electricity grid – to be taken into public hands. TheContinue Reading
The UK’s rental market is facing a severe crisis, with an average of 21 prospective tenants competing for each available property, as the number of homes to rent continues to shrink. According to Zoopla, a leading property search platform, the availability of rental homes is now 24% lower than beforeContinue Reading
The UK’s public debt could surge to as high as 300% of GDP over the next half-century, driven by escalating costs related to climate change and an ageing population, the Office for Budget Responsibility (OBR) has warned. In its latest report on long-term fiscal risks, the independent watchdog cautions thatContinue Reading
Almost one in five female business leaders have been forced to scrap or delay their company plans due to difficulties in securing financing, according to new research. A survey commissioned by banking giant HSBC laid bare the difficulties facing women entrepreneurs, with one in 10 saying that securing the financialContinue Reading
Herbert Hernandez, a renowned creative director and co-founder of the award-winning advertising agency GIGIL, has successfully balanced his career in advertising with his passion for music. Growing up in a family that valued hard work and creativity, Herbert’s early life in the Philippines deeply influenced his dual careers in advertisingContinue Reading
The FTSE 100 made gains amid a positive session for global markets after the European Central Bank (ECB) moved to cut interest rates. Gains from energy firms and London’s oil majors helped support trading in the City. The blue-chip index nevertheless finished below its intraday highs after a mixed startContinue Reading
Nightclub bosses have said new venue safety measures under Martyn’s Law are a “significant milestone” but highlighted concerns over the financial impact of enforcing new safety protocols. The new laws mean venues could face fines of up to £18 million if they flout rules to protect visitors and staff fromContinue Reading
