Economy

John Lewis Partnership said that it was on track to grow profits "significantly" this year, after recovering the "buzz", and cutting losses while refocusing on its core business. The employee-owned partnership that owns the Waitrose…

Spread-betting specialist IG Group has reported a 15% increase in revenue for its first quarter. This was driven by increased trading activity, as customers tried to take advantage the market turmoil that occurred in August. The FTSE 250…

Mountain Warehouse is planning to open 50 new stores in the UK next year, despite fears that the high street will die. Outdoor clothing chain, The Outdoor Clothing Company, has announced a massive expansion of its physical stores in…

A report claims that the online gambling industry, worth billions of pounds, has had "negative impacts" on the UK's economy. The report was commissioned by Campaign for Fairer Gaming, and produced by National Economic Research…

The concrete test track in Bedfordshire is a circular swath through lush countryside. It's usually the place where high-performance vehicles are tested, but last weekend it was a less frantic form of transportation: a hydrogen prototype…

According to Sir Nigel Wilson, a City grandee, the UK must overhaul its capital market to attract £1tn in investment over the next decade for housebuilding, infrastructure, and new start-ups. His report published on Friday stated that…

City taskforce says the UK will need to invest £1tn over the next 10 years if it is to meet its economic growth goals. The Capital Markets of Tomorrow Report, headed by City veteran Sir Nigel Wilson and former Legal & General boss,…

The British Chambers of Commerce (BCC) has issued a stark warning about the UK's inflation outlook, projecting that consumer price inflation will climb steadily to 2.6% by the end of the year and remain above the Bank of England's 2% target…

The United Kingdom is set to close its final coal-fired power station at the end of September, marking the end of a 140-year reliance on coal for electricity generation. This closure is a significant step in the nation's efforts to…

The government's first renewable energy auction has resulted in a record-breaking 131 new green infrastructure projects, including nine offshore wind farms. This is a notable increase from the 92 projects approved in the previous auction,…

The pound is expected to become one of the top-performing major currencies in 2024, according to leading American investment banks. Analysts predict that sterling will reach a four-year high of $1.41 against the dollar by the end of next…

In a significant shift from its 87-year history, Volkswagen is contemplating the closure of factories in Germany and potential job cuts as it faces a challenging economic environment. This consideration arises after the company's savings…

The music industry is abuzz with the news of the Oasis reunion tour, which is expected to be the most popular tour in British history and a solid gold financial hit. The band's shows next summer are anticipated to generate a massive…

As the world emerges from the shadows of the pandemic, business travel is making a strong comeback, but with a notable shift in priorities. Companies are now prioritising cost-effectiveness and environmental responsibility over the luxuries…

British businesses are losing out on billions of pounds in revenue by neglecting to file international patents at the same rate as their counterparts in other countries, experts have cautioned. A report by the Chartered Institute of Patent…

As cautious consumers reduce their spending, Macy's, America's largest department store chain, has revised its sales outlook for the rest of the year downward. The retailer cited significant discounting as a reason for this change,…

In the wake of the Covid-19 pandemic, the job market has experienced a significant shift from the "Great Resignation" to what can now be described as the "Great Retention". As economic uncertainty looms, employees are increasingly opting to…

Britain's second-largest trade union, Unite, is urging the new Labour government to introduce an emergency 1% wealth tax on the assets of the super-rich. The proposed tax would be applied to individuals with assets exceeding £4 million,…