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Businesses say that budget uncertainty is impacting the UK economy.
Two separate surveys of businesspeople indicate that uncertainty ahead of Labour's first Budget since 2010 next Month is impacting the UK economy. S&P Global, a data company, said that the UK private sector growth in September slowed…
Journalists protest planned sale of Observer by Tortoise Media
Journalists from the Guardian Media Group are revolting against a planned sell-off of The Observer, citing concerns that this could affect staff financial security. The National Union of Journalists voted to condemn the "flawed analyses"…
Nearly 100,000 Lifetime ISA savers are hit with high withdrawal fees
In 2023-24, the total withdrawal charges for Lifetime Isa will be worth £75.2 million -- a nearly 40% increase from last year's total of £54.3 million . Finance experts say that the figures released by HM Revenue & Customs highlight…
Chinese owners claim that British Steel Works has never turned a profit.
The Chinese owners of British Steel Works at Scunthorpe revealed that they had not made any profit since they saved the company. British Steel Ltd., which is owned by Jingye since 2020, caught up with its annual accounts after two separate…
Parents can now see what their children are saying on Instagram
As part of the sweeping changes to safety coming to the social networking app , Instagram will now allow parents to view who their children message. This is in response to concerns about online grooming and sexual exploitation.
Meta, the…
Pret A Manger sales rise above £1bn
Pret A Manger sold £1 billion for the first year in its history, as it expanded into international markets. Now, £1 of every £4 is spent outside the UK.The sandwich chain has expanded its global portfolio of 690 stores and opened 81 new…
Take a chance on the augmented reality glasses but are they seeing clearly?
Evan Spiegel, co-founder of Snap and its chief executive, describes building augmented reality glasses as "a journey", "a blue ocean strategy", or a leap into a new territory.It is a holy grail of technology to be able to incorporate highly…
Sky Betting & Gaming reprimanded after sharing personal data without consent
Sky Betting & Gaming, an online gambling company, has been reprimanded for sharing customer information illegally with advertising firms that then targeted those users with personalised advertisements.
After a complaint from the…
Grangemouth Oil Refinery to Close Next Year with 400 Job Losses
Grangemouth, Scotland's only remaining oil refinery, will close in the next year. This will result in the loss of over 400 jobs and leave the UK with just a few refineries. It also increases the UK's dependence on imported fuel.…
Aston Martin F1 signs Newey, a former Red Bull aerodynamics expert, in a £20mn deal
The Red Bull Formula One team has signed renowned designer Adrian Newey to join the Aston Martin Racing Team. This is a major coup for Canadian tycoon Lawrence Stroll who wants to win the world championships.
According to sources…
PwC sends UK partner to China amid Evergrande fallout
PwC has sent one of its senior British executives to China to help steer the business of the firm in the country after the audits it conducted on Evergrande, a collapsed property developer.
Hemione Hudson, who was once on the list of…
Paul Marshall purchases The Spectator at £100m
The Spectator magazine and sister Telegraph titles were sold to Sir Paul Marshall in a long-running battle over ownership.
Marshall, the financier who owns the Marshall Wace hedge fund and GB News (the television channel), has purchased…
The man behind Peloton’s billionaire boom and bust
John Foley is a man who knows how to describe himself. He's 53 and a living example of the things that can go wrong with business. Shares can rise or fall, but he is a testament to this. He was once a stock-market darling. He co-founded…
Royal Mail considers bin collection-style website for letter delivery days
Royal Mail may launch a website similar to a "bin-collection" to allow households to know when they will get their mail if regulators give the go ahead to reduce services.
The company wants to reduce its costs and has proposed to move…
Pure Electric, the e-scooter manufacturer, ‘will be bigger than Dyson.
Lando Norris won the Dutch Grand Prix last month, but his father still has a smile on his face.
Adam Norris has accompanied Lando Norris to 350 exhausting race weekends in his quest to reach the top of the global motorsport. But last…
Cineworld’s former boss plans return to UK with a new screen chain
Former Cineworld boss, Mooky Greidinger, is planning a return to Britain with plans for a brand new cinema operator who is looking to buy some of the chain's struggling sites.
Greidinger turned Cineworld into the largest cinema…
John Lewis Revives Never Knowingly Undersold Pledge in Bold Retail Strategy
In a significant shift for the British retail landscape, John Lewis has announced the reinstatement of its iconic "never knowingly undersold" price-match pledge. This move comes two years after the department store chain abandoned the…
Volkswagen Faces Tough Decisions as European Demand Wanes
Volkswagen AG, Europe's largest carmaker, is facing a challenging situation as it has "a year, maybe two" to restructure in response to declining sales in its home market. This warning was issued by the company's finance chief, Arno…