Banking Wise’s growth is below expectations admin Apr 17, 2024 Wise's fortunes have been shattered by disappointing revenue and a slowdown in growth of the volume of transactions…
Economy Long-term illness is causing a record number of people to be out of work admin Apr 17, 2024 The number of workers who are out of work due to long-term illness has risen to a new record of over 2.8 million.…
Farming Extreme weather in the UK has led to food shortages, price increases and shortages… admin Apr 17, 2024 Extreme weather and climate breakdown are causing low yields in farms both locally and abroad. Farmers in the UK…
Financial Everton’s takeover will be delayed after 777 extends its loan repayment of… admin Apr 17, 2024 After 777 Partners received a last minute extension for repayment of a £160m debt, the proposed takeover Everton is…
Oil Producer Middle East conflict risks sharp rise in oil prices, says IMF admin Apr 17, 2024 The International Monetary Fund warned that an escalating Middle East war could lead to higher oil costs, a…
Companies The champagne bubble bursts when LVMH, owner of Moet, suffers a drop in sales admin Apr 17, 2024 After a dramatic drop in Champagne sales, the owner of Moet & Chandon and Krug has a post-pandemic 'hangover.…
Global Economy Bailey says UK is on track to cut rates as US struggles with stubborn inflation admin Apr 17, 2024 Andrew Bailey said that UK Interest Rates will continue to fall over the next few months, amid fears that the US…
Rail industry Last-minute deal prevents closure of Britain’s largest train factory admin Apr 17, 2024 After a series of intense discussions with the Transport Secretary, Alstom secured a vital new order After a…
Law Tax havens are ‘using all the tricks in the book’ to avoid… admin Apr 16, 2024 According to a recent report, tax havens make "glacially" slow progress on transparency measures to combat economic…
Companies Apple’s smartphone crown is lost to Samsung, as Chinese rivals gain more… admin Apr 16, 2024 Apple's lead on the global smartphone market was lost at the beginning of 2024. iPhone sales fell by 10% as Chinese…
Companies Dividends of £2.5bn paid by water companies in the last two years, as debts rise… admin Apr 16, 2024 In the two years following 2021, water companies in England & Wales have paid £2.5bn as dividends to…
Companies Tesla cuts 10% of its global workforce admin Apr 16, 2024 Tesla has cut more than 10% of its staff -- or at least 14,000 positions -- due to a global EV slowdown, and a…
Markets Bond and currency markets are shaken by a ‘Blowout” in US retail sales admin Apr 16, 2024 The "blowout report" on retail sales for March sparked an immediate sell-off of US government bonds and sent global…
Retail Uniqlo’s £15 banana bag, which went viral among Gen Z, drives sales up after… admin Apr 16, 2024 Uniqlo has seen a surge in sales after a "banana bag" that became viral on TikTok. Newly filed accounts show…
Business Sunak’s favourite trainers, Adidas, are now more popular than Nike admin Apr 16, 2024 Rishi Sunak, who was seen wearing Adidas Sambas was forced to apologize after fashionistas reacted so strongly.…
Business Revolut UK’s chief says New York is a threat to London’s fintech… admin Apr 16, 2024 Revolut's UK CEO has warned that London faces the risk of losing its dominance in the fintech industry to New York.…
Airport Airports urge ministers to stop issuing e-visas for transit passengers, as numbers… admin Apr 15, 2024 Heathrow said that forcing airline transit passengers into a scheme where visitors to the UK are required to pay a…
Fitnesses and Wellbeing L&G fires a warning shot at AstraZeneca regarding Pascal Soriot pay admin Apr 15, 2024 The UK's biggest investor has cautiously supported Sir Pascal Soriot’s controversial AstraZeneca pay deal, but…