The bank says it wants confidence about inflation cooling before it starts cutting rates.
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Wednesday, January 31, 2024
Boeing chief admits 'serious challenge' ahead
The firm updates investors for the first time since the Alaska Airlines blowout.
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H&M chief quits amidst sales slowdown
The fast fashion firm saw slower sales recently, despite what is usually a busy Christmas period for retailers.
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Halifax: First-time buyers are joining forces to buy properties
New research by Halifax also shows that first-time buyers put an average deposit of £53,414 down last year.
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Tuesday, January 30, 2024
Number of companies going bust hits 30-year high
More than 25,000 firms went under last year in England and Wales, as they struggled with rising costs.
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UPS to cut 12,000 jobs after 'disappointing' year
The parcel delivery giant said it was looking for $1bn in savings, as AI makes up for the jobs.
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IMF warns UK government against further tax cuts
The International Monetary Fund suggests planned spending cuts for this year are unrealistic.
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Rishi Sunak disappointed new rail strike law not used, says No 10
Train operators are not enforcing minimum service levels to ease the impact of upcoming strikes.
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Monday, January 29, 2024
Lloyds to end mobile banking van service
The facility, which sees vans visiting towns and cities across the UK, will end in May.
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Channel 4 braces itself for more than 200 job cuts
The broadcaster said the TV industry was reeling from the worst advertising downturn since 2008.
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Superdry eyes cost cuts after store closure reports
The fashion chain, which has seen sales slump, says it is exploring "material cost saving options".
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Ryanair trims profit forecast after online travel agent row
The airline reduced its fares in December after sites including Booking.com suddenly removed its flights.
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Sunday, January 28, 2024
Post Office scandal explained: What the Horizon saga is all about
Hundreds of sub-postmasters were wrongly convicted based on evidence from faulty IT software.
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Saturday, January 27, 2024
Cuddly toy sellers chase an unlikely audience: 'Kidults'
Toy and games sales fell last year as family finances were stretched but one group is bucking the trend.
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Post Office chairman Henry Staunton steps down
The government says the decision was made with mutual consent - but the Post Office says he was asked to go.
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John Lewis planning major workforce cuts over five years
As much as 10% of the group's workforce could go in the next five years, according to reports.
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Friday, January 26, 2024
UK-Canada trade rift: What it means for cheese, beef and cars
A pause in talks could mean tougher trading terms for the UK - but what will the impact be on consumers?
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Ex-Tory peer Michelle Mone's assets frozen
A spokesperson for Baroness Mone said it was "deplorable" private matters were being conducted in public.
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Post Office Inquiry: Four former sub-postmistresses from Northern Ireland attending
Four women are hearing evidence from a former investigator who was involved in their cases.
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Thursday, January 25, 2024
Palworld: Pokémon Company to investigate copying claims
The people behind Pikachu and friends finally comment on the wildly successful "Pokémon with guns".
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Asda to go cashless at 82 more supermarket forecourts
More sites are to be converted to card-only, unmanned operations with staff redeployed to stores.
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Wednesday, January 24, 2024
HS2: Mayors to meet minister about alternatives
West Midlands mayor Andy Street said the plan could involve a dedicated line between the cities.
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Boeing boss faces Washington grilling after blow-out
A whistleblower calls Boeing manufacturing a "rambling, shambling, disaster waiting to happen".
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Billionaire Joe Lewis pleads guilty to insider trading
One of the UK's richest people admitted his role in a scheme which netted millions.
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Post Office investigator says cleared sub-postmaster was guilty
Raymond Grant told the inquiry he still thought the branch manager he investigated had stolen money.
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Tuesday, January 23, 2024
Mr Kipling owner Premier Foods planning further price cuts
Premier Foods, which also owns the Bisto and Loyd Grossman brands, plans price cuts to more products.
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Badenoch blames Biden for missing post-Brexit trade targets
The Business Secretary claims the UK failed to reach post-Brexit pledges when US leadership changed.
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Amazon fined for 'excessive' surveillance of workers
The online retail giant was found to be keeping detailed data on employee working patterns.
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Monday, January 22, 2024
Energy prices predicted to fall by 16% in April
Domestic gas and electricity bills are expected to drop sharply just as the better weather arrives.
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Sony calls off merger with India media giant Zee
Zee considers legal action after Sony ends the planned $10bn merger of the firms' Indian operations.
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Sunday, January 21, 2024
Start-ups frustrated by HMRC's 'slowness and lack of communication'
Delays and a lack of communication from the tax authority are holding back new businesses, a group says.
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I'm working but homeless and bottom of the housing list
A working father finds himself "sofa surfing" amid social housing shortages in Scotland's biggest city.
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Tesco tech hitch leaves deliveries in 'shambles'
It is thought thousands of customers were left without their orders due to technical problems.
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Supermarket favourites victims of shrinkflation, consumer group Which? says
From tea bags to crisps, supermarket staples are getting smaller, consumer group Which? says.
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Saturday, January 20, 2024
Red Sea 'scary' for ships' crews, says captain
The captain of a vessel in the Red Sea shares his concerns about the Houthi attacks on shipping.
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Royal Mail: Scrapping Saturday post among Ofcom options for reform
Royal Mail has previously said it wants to deliver five days a week, from Monday to Friday only.
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Friday, January 19, 2024
US home sales see worst year since 1995
The number of homes sold dropped to the lowest in nearly three decades, as prices continued to climb.
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Post Office inquiry: Fujitsu boss says editing of evidence 'shameful'
He spoke to the Post Office inquiry about evidence of software bugs being edited out of witness statements.
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British Gas boss Chris O'Shea: 'I can't justify my pay of £4.5m'
Chris O'Shea, chief executive of Centrica, says he does not set his own pay but it is impossible to justify.
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Thursday, January 18, 2024
Japan Airlines appoints ex-flight attendant as first female president
Mitsuko Tottori joined the flag carrier as a flight attendant in 1985, before working her way up.
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Planning protection ends on scrapped HS2 route
The land earmarked for the project's axed second phase may now be used for other development.
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Sainsbury's plans to wind down bank as it focuses on food
The retailer plans a "phased withdrawal" but says its 1.9m bank customers will see no immediate change.
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Fujitsu rules itself out of public contract bids during Post Office inquiry
The firm is part of an inquiry into how hundreds of Post Office managers were wrongly prosecuted.
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Wednesday, January 17, 2024
Tata Steel: Workers braced for bad news on job losses
Tata Steel is expected to reveal whether it will proceed with plans to axe up to 3,000 jobs.
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Boeing groundings continue as FAA inspections proceed
US authorities have inspected 40 Boeing 737 Max 9 planes, grounded after a mid-flight blowout.
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Wizz Air pays out £1.2m over disrupted flights
The low-cost airline had to compensate some 6,000 customers after reviewing thousands of complaints.
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Tuesday, January 16, 2024
Fuel prices: Retailers must share updates within 30 minutes
Retailers will have to share pump price changes in near real-time under new government plans.
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LNER: Train fares simplified in bid to boost passenger numbers
LNER is simplifying train tickets on the East Coast Main Line in a two-year trial from 5 February.
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Monday, January 15, 2024
Man charged over plot to disrupt London Stock Exchange
Activists had been planning to "lock on" to the building to stop it from opening, police said.
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Pothole reports hit a five-year high in 2023
Climate change will worsen potholes but scientists hope new technology will help make them a thing of the past.
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Sunday, January 14, 2024
AI to hit 40% of jobs and worsen inequality, IMF says
Policymakers should address the "troubling trend", says the organisation's managing director Kristalina Georgieva.
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Six held over plot to disrupt London Stock Exchange
Police said the arrests were made in London, Liverpool and Brighton over a "disruptive and damaging stunt".
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What are cold weather payments and how much are they worth?
Cold weather payments are available to some people after seven days of below-zero temperatures.
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Saturday, January 13, 2024
Boeing's commitment to safety in the spotlight
After a door plug blew off one of its planes, questions are being asked about how seriously Boeing undertakes safety.
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Fujitsu Japan remains tight-lipped on the Post Office scandal
In Fujitsu's home market, hardly anyone had heard of the Horizon scandal until this week.
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Friday, January 12, 2024
Citigroup plans 20,000 job cuts over two years
The reductions are part of a sweeping reorganisation, and equal about 10% of the bank's global workforce.
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Fujitsu won Foreign Office contract despite concerns
The firm at the heart of the Post Office IT scandal is in the spotlight over government contracts.
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Boeing: US regulator to increase oversight of firm after blowout
Air regulators are also reviewing the decision to delegate some quality reviewing to Boeing.
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What do Red Sea assaults mean for global trade?
Supply chains face disruption due to vessels diverting away from the key shipping route.
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Thursday, January 11, 2024
US inflation picks up more than expected in December
Consumer prices rose by 3.4% as Americans paid more for housing and car insurance.
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Google's billions make job cuts 'needless' - union
The Alphabet Workers Union criticises the tech giant for axing hundreds of jobs despite vast earnings.
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US says it won't be rushed on clearing grounded Boeing planes
The US government declines to say when Boeing's 737 Max 9 can fly again after a mid-air blowout.
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Wednesday, January 10, 2024
HS2 to Birmingham may cost £65bn, railway boss says
Sir Jonathan Thompson says inflation has added up to £10bn to cost of London to Birmingham stretch.
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Pennon Group buys Sutton East Surrey Water for £380m
Pennon Group, owners of South West Water is expanding its footing in southern England.
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Sainsbury's sells record pigs in blankets and mince pies
Festive food sales helped boost the supermarket giant over the Christmas period.
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Tuesday, January 9, 2024
Global economy set for weakest growth since pandemic, warns World Bank
Concerns over interest rates and Middle East mean the World Bank expects growth of just 2.4% in 2024.
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Mortgages: Barclays and Santander cut rates as competition intensifies
Two big lenders cut their mortgage rates as the battle for those seeking a new deal continues.
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EDF Energy aims to extend life of UK nuclear plants
The French state-owned firm's plans are subject to approvals by regulators in the UK.
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Monday, January 8, 2024
Tiger Woods and Nike end 27-year partnership
Woods, who was first sponsored by Nike in 1996, thanked the company on social media on Tuesday.
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Boeing shares stumble after mid-flight blowout
Boeing shares fell more than 8% at one point while shares in its supplier Spirit Aerosystems dropped 13%.
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Bet365 boss Denise Coates sees pay jump to £221m
The firm's founder has earned more than £1bn over four years but campaigners say it is not "fair"
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Energy firms allowed to restart force-fitting meters
Regulator Ofgem has given three companies permission to force-fit prepayment meters in homes.
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Sunday, January 7, 2024
Post Office scandal: What the Horizon saga is all about
The background to the cases of sub-postmasters whose convictions were based on evidence from faulty IT.
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London Tube strikes called off as more pay talks planned
Little or no service was expected on London Underground until Friday morning.
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Boeing's mid-flight blowout a big problem for company
The Alaska Airlines incident could have been much worse, but is still a major issue for the US plane-maker.
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Post Office scandal: Rishi Sunak considers measures to clear all victims
The justice secretary is looking into steps to help hundreds of wrongly convicted sub-postmasters.
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Flights cancelled as regulator grounds Boeing 737 Max 9s over blowout
The US aviation regulator grounds 737 Max 9s to conduct urgent checks after the incident in Oregon.
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Saturday, January 6, 2024
FAA grounds 171 Boeing planes after mid-air blowout on Alaska Airlines jet
It comes after part of the fuselage of an Alaska Airlines Boeing 737 Max 9 fell off, forcing an emergency landing.
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Friday, January 5, 2024
Tesla recalls more than 1.6 million cars in China over steering software issues
The issues with assisted driving functions and door-locking systems will be fixed by remote updates.
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Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
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Sir Howard Davies: Not that difficult to buy a home, says NatWest chair
Sir Howard Davies says there are "dangers" in people having easy access to mortgage credit.
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Thursday, January 4, 2024
Sainsbury’s increases pay as supermarkets battle for staff
About 120,000 staff at the supermarket will see their wages increase by more than 9% from March.
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JD Sports shares plunge 20% after profit warning
The sports retailer says promotions and price discounts hit its revenues in the run-up to Christmas.
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Microsoft announces AI key on Windows 11 PCs
The new keyboard will introduce a Copilot key which accesses AI capabilities on Windows 11.
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Average mortgage rate lowest for nearly seven months
Major lenders have started the year with rate cuts and brokers expect more to follow suit.
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Wednesday, January 3, 2024
A restless Gen Z is reshaping the Chinese Dream
Millions of young Chinese face an uncertain future in the world's second-largest economy.
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Ryanair hits out at Booking.com over flight cuts
The airline says sites including Booking.com, Kiwi and Kayak suddenly removed its flights in December.
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Tetris: US teenager claims to be first to beat video game
Willis Gibson posted a video on YouTube of the moment he reached level 157, causing the game to crash.
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Lenders cut mortgage rates to ease borrowers' pain
After the UK's biggest lender reduces rates on new fixed deals, other providers are expected to follow suit.
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Tuesday, January 2, 2024
Red Sea attacks could push up prices, UK firms warn
Business leaders say attacks on shipping vessels could cause delays and price rises for UK shoppers.
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CTS cyber-attack: Disruption to home sales now over
Services from CTS have been restored, but homebuyers who were affected can complain to an ombudsman.
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Aldi and Lidl hail Christmas boost from bargain hunters
The discount supermarkets say they were helped by shoppers looking to cut the cost of celebrations.
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Monday, January 1, 2024
Will hotter heat pumps win over homeowners?
Could a new generation of heat pumps overcome British fears that they can't heat a home.
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Post Office scandal TV drama 'like a dream' say victims
Horizon victims hope a new mini-series will give their story the "oxygen it deserves".
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Period pants could get cheaper after VAT is removed
Shoppers will no longer pay VAT on period pants following a campaign by charities and retailers.
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Disney's earliest Mickey and Minnie Mouse enter public domain as US copyright expires
Disney's copyright on the earliest version of the cartoon characters expires in the US on 1 January.
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