Business

Very Group's ownership by the Barclay family is being reviewed as their corporate empire continues its decline following a £1.2billion debt deal with a Joint Venture backed by funds from the United Arab Emirates. Barclays JP Morgan,…

Over 40 companies, including Ocado and the AA, have called for the Mayor of London not to expand the congestion charge on electric vans. Christmas Day 2025 will see drivers of electric cars in central London paying the same £15 per day…

The Czech government has taken a small stake in the Rolls Royce SMR consortium. This consortium hopes to build and market fleets of nuclear reactors in order to meet the increasing demand for energy in 2030s. The Czech Republic announced…

Stefano Vaccino gave a blunt appraisal of the risks involved in starting a new business. "As founders we left our secure jobs to take risks, put our own lives and the lives of our families at risk, and put our savings on line." In 2017,…

AO World has acquired a gadget seller that was valued at more than £200million by public market investors. The City is continuing to suffer losses on the ill-fated floats in 2021. AO World agreed to purchase electronics company…

Stefan Lofven visited Northvolt’s base in Skelleftea, near the Arctic Circle, Europe’s first battery gigafactory, just three years ago. He declared that the city was "the future" of the fight against climate change. The Social Democrat said…

Water suppliers have been accused by small businesses of burdening them with the costs of "historic mistakes" made by the bosses of the scandal-hit water industry. It was revealed that their prices may rise by nearly 30% by 2030. Ofwat…

Kemi Badenoch said that UK minimum wage and maternity leave rules were among the regulations "overburdening business" and causing certain companies to close. She was trying to gain momentum during the four day beauty parade of Conservative…

Thames Water, the struggling water company, is fighting for its survival and has been told that it may not be able to raise new debts as soon as next week. According to the accounts of its holding company, the debt-ridden company faces a…

Alun Davies views the steam plumes rising from Port Talbot’s last blast-furnace, which will soon be shut down. Davies, the National Officer for the Steelworkers' Union Community and former steelworker for nine years, describes the mood in…

The City of London is preparing for a "Halloween Nightmare on Aim Street", which could be announced at the budget meeting next month. Investors have been scared by fears that Treasury may consider cutting an "essential" tax relief which has…

Aston Martin Lagonda's new chief executive has forced the luxury carmaker to cancel its financial plans and reduce production for the year. Shares in the company have plummeted since the arrival of the new executive. The stock fell to a…

Southern Water, Britain's largest water company, is preparing contingency plans for future shortages of water and drought by tankering water from Norway. Southern, with 2.7 million drinking water customers in the south east of England,…

Royal Mail's parent, Royal Mail, has criticized the slow pace of Ofcom's consultations on reforming the universal service obligation of the struggling postal operator. Keith Williams, aged 68, said to International Distribution Services…

Two of the most prestigious credit rating agencies in the world have rated Thames Water as on the verge of default. This could bring a government-backed bailout deal closer. Moody's and S&P stated that Thames Water struggled to access…

As rain poured down on the Kent countryside, Pierre-Emmanuel Taittinger said, "God couldn't have done it any better."In blazing sun, less than 30 minutes earlier, the Duchess had opened the Domaine Evremond Winery in Chilham. One journalist…

Ministers are trying to convince Navantia that it should bid on four Harland & Wolff shipyards in Northern Ireland, England and Scotland. This is to prevent job losses for the struggling British shipbuilder. According to those briefed…

The US Department of Justice filed a lawsuit against Visa accusing it of monopolizing the debit payment market and abusing its dominant position in order to crush any potential competitors. In a civil complaint filed in Manhattan Federal…