Browsing Category
Business
Falkland Islands to benefit from economic boom after talks with oil company about huge oilfield
British territory consults with islanders about plans to drill 500m barrels for oil
First time in history the Falkland Islands have opened their waters to oil exploration, which could lead to an economic boom.
The ruling council of…
The British snobbery that left restaurants scrambling to find staff
Restaurants are desperate to hire UK workers but can't find them
The celebrity chef Yotam Ottolenghi blamed a lack of staff when he cut the hours for some of his London-based restaurants last year.
There are many pubs, hotels and…
Under a former Royal Navy base, vast salt caverns are being used to store hydrogen.
Under Britain's largest former naval base, vast salt caverns will be excavated to store hydrogen as part of plans for the country to boost its energy security.
The 19 caverns, each the size of St Paul's Cathedral in Dorset, will be dug…
Marks & Spencer launches clothing repair and alterations services
Marks & Spencer will launch a clothing-repair service.
Customers will be able to get alterations and repairs from August, as the retailer responds to an increased demand for fashion that is sustainable and reused.
It has partnered…
Boots sale is halted due to a fall in shares of the US parent company
Boots, the struggling US-owned chemist chain, has for the second consecutive time abandoned plans to sell its multi-billion pound assets. This puts the high street chemist in danger of further cuts on investments.
Walgreens has abandoned…
Tata closes Port Talbot early due to strikes
Tata Steel told its workers that it may have to close down the steel plant at Port Talbot earlier than expected due to a strike.
The company planned to close one blast furnace by the end June, and the other by September. Tata has told…
Triple profits for retailer AO World thanks to TV sales of Euro 2024
Online electrical goods retailer AO World enjoyed a near tripling of profits, thanks to the booming sales of tumble dryers during the rainy winter and TVs for Euro 2024.
The company attributes the popularity of air fryers to the fact…
The union calls on Royal Mail to give staff a’serious stake in service’ after the…
After the Czech billionaire who is bidding for the ownership of Royal Mail for £3.6bn suggested that he might implement an "incentive program" if successful, the union representing postal employees has demanded they be given a stake in…
Supplements ‘Ozempic Face’ to counter side effects of rapid weight-loss
Nestle will sell dietary supplements that counter the effects of weight loss drugs to "Ozempic Face".
The company announced that it would launch products to "complement" weight loss treatments. These include hair growth supplements and…
Shein filed for London listing early in June, according to sources
Shein, according to sources, filed confidential papers with Britain's market regulator early in June. This started the process of a possible London listing for the online fast fashion retailer later this year.
Reuters reported May that…
Emma Bridgewater, Britain’s “queen of ceramics”, suffers a loss of £1.4m
Emma Bridgewater , Britain's "queen" of pottery, has suffered a loss of nearly £1.4m as her company had to drastically discount its crockery due to fierce online competition.
The Stoke-on-Trent Group, founded by the designer Emma…
Royal Mail is facing a new legal claim regarding bulk delivery services
Royal Mail's owner faces a new claim of £878mn for damages related to its delivery operations. This is adding to Royal Mail's legal woes, as it prepares itself for the takeover by Czech billionaire Daniel Kretinsky.
Bulk Mail Claims…
GMB begins balloting process for Amazon’s Coventry Warehouse
GMB officials are encouraging staff at Amazon's Coventry to "vote yes" together at the beginning of a ballot that could lead to a historic deal for union recognition.
After the Central Arbitration Committee granted the GMB the right to…
Sir Jim Ratcliffe, co-owner of Man Utd, backs Labour
Sir Jim Ratcliffe backed Labour for the next government. He said that voters had "had enough" with Rishi Sunak’s policies.
The billionaire coowner of Manchester United who controls a minor stake in the club via his chemicals empire Ineos…
Pubs are closing in greater numbers, as 80 pubs close each month
The Euros and Olympics will bring a boost to many landlords, but it may be too late for some pubs.
According to an analysis of official statistics by Altus Group, pubs have been disappearing in England and Wales at a rate 80 per month so…
Mexican billionaire Carlos Slim buys 3% of BT
Carlos Slim, a Mexican billionaire, has acquired a 3% stake in BT. This comes after Allison Kirkby, the new chief executive of BT's UK division revealed her plans for turning around the UK group during its annual results held last month.…
Neil Woodford’s former team of stock pickers disbanded when demand for British shares plummets
The dissolution of the investment team led by Neil Woodford, whose London-listed stocks have been losing interest.
Invesco will merge its European division with its UK-based stock-picking unit from January.
As investor interest in…
New York hedge funds short Royal Mail owner
In the wake of a £3.6billion overseas takeover bid for the postal services company, a New York hedge funds has taken a short position on the owner of Royal Mail.
Sessa Capital was listed as holding 0.73 percent of International…