A spell of warmer weather after a rainy and cloudy start to the summer has led to an unexpected surge in the quantity of strawberries becoming ready for sale, a fruit buyer has said. Some 200 tonnes of surprise strawberries from growers across the country will hit Tesco shelves followingContinue Reading
Cineworld has announced plans to shut six cinemas across the UK as part of major restructuring plans. The business, which is part of the world’s second-largest cinema chain, has struggled since the Covid pandemic as audiences have failed to return to previous levels. Against this backdrop, the organisation said itContinue Reading
The Chancellor could officially delay some major capital projects on Monday, when she is expected to tell Parliament that the Conservatives left Labour with a dire spending inheritance, including a £20 billion black hole in the accounts. Rachel Reeves could delay a string of key hospital and road schemes sheContinue Reading
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
Both Shell and BP will hope to turn a page on recently announced billion-pound hits as they try to steady investors’ nerves. BP especially will be hoping that it can break a more than three-month long losing streak on the stock market. Despite a short-lived rally in June, the company’sContinue Reading
The Bank of England’s next decision on interest rates sits on a “knife-edge”, experts have said, as borrowers wait to see if costs will be cut for the first time since the pandemic. Economists are split over whether the Bank’s policymakers will decide it is the right time to reduceContinue 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
Petrol stations have come under fire after overcharging UK motorists by a staggering £1.6 billion last year, according to the Competition and Markets Authority (CMA). The regulator’s findings reveal that fuel margins – the difference between the wholesale cost and the pump price – have remained significantly above pre-pandemic levels.Continue Reading
