The bank says it wants confidence about inflation cooling before it starts cutting rates.
from BBC News - Business https://ift.tt/EpVkRLC
Wednesday, January 31, 2024
Boeing chief admits 'serious challenge' ahead
The firm updates investors for the first time since the Alaska Airlines blowout.
from BBC News - Business https://ift.tt/Q8zuTG2
from BBC News - Business https://ift.tt/Q8zuTG2
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.
from BBC News - Business https://ift.tt/lG6QVvM
from BBC News - Business https://ift.tt/lG6QVvM
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.
from BBC News - Business https://ift.tt/uSmxHkB
from BBC News - Business https://ift.tt/uSmxHkB
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.
from BBC News - Business https://ift.tt/Uw9z1xq
from BBC News - Business https://ift.tt/Uw9z1xq
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.
from BBC News - Business https://ift.tt/GKxspZ4
from BBC News - Business https://ift.tt/GKxspZ4
IMF warns UK government against further tax cuts
The International Monetary Fund suggests planned spending cuts for this year are unrealistic.
from BBC News - Business https://ift.tt/h1wbaZt
from BBC News - Business https://ift.tt/h1wbaZt
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.
from BBC News - Business https://ift.tt/gKIkEFu
from BBC News - Business https://ift.tt/gKIkEFu
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.
from BBC News - Business https://ift.tt/awXfv3V
from BBC News - Business https://ift.tt/awXfv3V
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.
from BBC News - Business https://ift.tt/TgCexKB
from BBC News - Business https://ift.tt/TgCexKB
Superdry eyes cost cuts after store closure reports
The fashion chain, which has seen sales slump, says it is exploring "material cost saving options".
from BBC News - Business https://ift.tt/LuIkSVN
from BBC News - Business https://ift.tt/LuIkSVN
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.
from BBC News - Business https://ift.tt/JtqkpdQ
from BBC News - Business https://ift.tt/JtqkpdQ
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.
from BBC News - Business https://ift.tt/Lj2Q3oZ
from BBC News - Business https://ift.tt/Lj2Q3oZ
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.
from BBC News - Business https://ift.tt/zctv57E
from BBC News - Business https://ift.tt/zctv57E
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.
from BBC News - Business https://ift.tt/qsaE2GI
from BBC News - Business https://ift.tt/qsaE2GI
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.
from BBC News - Business https://ift.tt/J2US4XT
from BBC News - Business https://ift.tt/J2US4XT
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?
from BBC News - Business https://ift.tt/YVobH6S
from BBC News - Business https://ift.tt/YVobH6S
Ex-Tory peer Michelle Mone's assets frozen
A spokesperson for Baroness Mone said it was "deplorable" private matters were being conducted in public.
from BBC News - Business https://ift.tt/sX58SLP
from BBC News - Business https://ift.tt/sX58SLP
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.
from BBC News - Business https://ift.tt/PHXTYAG
from BBC News - Business https://ift.tt/PHXTYAG
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".
from BBC News - Business https://ift.tt/8Hg7VwR
from BBC News - Business https://ift.tt/8Hg7VwR
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.
from BBC News - Business https://ift.tt/JD3IwQx
from BBC News - Business https://ift.tt/JD3IwQx
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.
from BBC News - Business https://ift.tt/HpT6Ry0
from BBC News - Business https://ift.tt/HpT6Ry0
Boeing boss faces Washington grilling after blow-out
A whistleblower calls Boeing manufacturing a "rambling, shambling, disaster waiting to happen".
from BBC News - Business https://ift.tt/B5XHkny
from BBC News - Business https://ift.tt/B5XHkny
Billionaire Joe Lewis pleads guilty to insider trading
One of the UK's richest people admitted his role in a scheme which netted millions.
from BBC News - Business https://ift.tt/uWCgFD2
from BBC News - Business https://ift.tt/uWCgFD2
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.
from BBC News - Business https://ift.tt/Hek1jOC
from BBC News - Business https://ift.tt/Hek1jOC
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.
from BBC News - Business https://ift.tt/LyqdFAU
from BBC News - Business https://ift.tt/LyqdFAU
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.
from BBC News - Business https://ift.tt/7n0mqJC
from BBC News - Business https://ift.tt/7n0mqJC
Amazon fined for 'excessive' surveillance of workers
The online retail giant was found to be keeping detailed data on employee working patterns.
from BBC News - Business https://ift.tt/Frut7Uv
from BBC News - Business https://ift.tt/Frut7Uv
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.
from BBC News - Business https://ift.tt/qfB6NmT
from BBC News - Business https://ift.tt/qfB6NmT
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.
from BBC News - Business https://ift.tt/9CcN8Pk
from BBC News - Business https://ift.tt/9CcN8Pk
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.
from BBC News - Business https://ift.tt/7NXz5as
from BBC News - Business https://ift.tt/7NXz5as
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.
from BBC News - Business https://ift.tt/dn8rl6w
from BBC News - Business https://ift.tt/dn8rl6w
Tesco tech hitch leaves deliveries in 'shambles'
It is thought thousands of customers were left without their orders due to technical problems.
from BBC News - Business https://ift.tt/25jBWvM
from BBC News - Business https://ift.tt/25jBWvM
Supermarket favourites victims of shrinkflation, consumer group Which? says
From tea bags to crisps, supermarket staples are getting smaller, consumer group Which? says.
from BBC News - Business https://ift.tt/0iC1FGW
from BBC News - Business https://ift.tt/0iC1FGW
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.
from BBC News - Business https://ift.tt/sPg1XBV
from BBC News - Business https://ift.tt/sPg1XBV
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.
from BBC News - Business https://ift.tt/vlAqBm1
from BBC News - Business https://ift.tt/vlAqBm1
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.
from BBC News - Business https://ift.tt/M2sORNq
from BBC News - Business https://ift.tt/M2sORNq
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.
from BBC News - Business https://ift.tt/Ar0nkP5
from BBC News - Business https://ift.tt/Ar0nkP5
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.
from BBC News - Business https://ift.tt/ikNHa5Z
from BBC News - Business https://ift.tt/ikNHa5Z
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.
from BBC News - Business https://ift.tt/cybFlLM
from BBC News - Business https://ift.tt/cybFlLM
Planning protection ends on scrapped HS2 route
The land earmarked for the project's axed second phase may now be used for other development.
from BBC News - Business https://ift.tt/8A2nJrN
from BBC News - Business https://ift.tt/8A2nJrN
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.
from BBC News - Business https://ift.tt/e90oX4B
from BBC News - Business https://ift.tt/e90oX4B
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.
from BBC News - Business https://ift.tt/oHWyg9G
from BBC News - Business https://ift.tt/oHWyg9G
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.
from BBC News - Business https://ift.tt/z9lQtBV
from BBC News - Business https://ift.tt/z9lQtBV
Boeing groundings continue as FAA inspections proceed
US authorities have inspected 40 Boeing 737 Max 9 planes, grounded after a mid-flight blowout.
from BBC News - Business https://ift.tt/MFZARPI
from BBC News - Business https://ift.tt/MFZARPI
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.
from BBC News - Business https://ift.tt/1nTJWlL
from BBC News - Business https://ift.tt/1nTJWlL
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.
from BBC News - Business https://ift.tt/TjiB2EW
from BBC News - Business https://ift.tt/TjiB2EW
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.
from BBC News - Business https://ift.tt/cq2B1UV
from BBC News - Business https://ift.tt/cq2B1UV
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.
from BBC News - Business https://ift.tt/4E8tsxc
from BBC News - Business https://ift.tt/4E8tsxc
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.
from BBC News - Business https://ift.tt/uw5APCd
from BBC News - Business https://ift.tt/uw5APCd
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.
from BBC News - Business https://ift.tt/7deaHrS
from BBC News - Business https://ift.tt/7deaHrS
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".
from BBC News - Business https://ift.tt/MfuGQKk
from BBC News - Business https://ift.tt/MfuGQKk
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.
from BBC News - Business https://ift.tt/avT0ucG
from BBC News - Business https://ift.tt/avT0ucG
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.
from BBC News - Business https://ift.tt/EwYmxgN
from BBC News - Business https://ift.tt/EwYmxgN
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.
from BBC News - Business https://ift.tt/DVzWc4q
from BBC News - Business https://ift.tt/DVzWc4q
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.
from BBC News - Business https://ift.tt/XdbQymp
from BBC News - Business https://ift.tt/XdbQymp
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.
from BBC News - Business https://ift.tt/qctF3DS
from BBC News - Business https://ift.tt/qctF3DS
Boeing: US regulator to increase oversight of firm after blowout
Air regulators are also reviewing the decision to delegate some quality reviewing to Boeing.
from BBC News - Business https://ift.tt/KY2A6zh
from BBC News - Business https://ift.tt/KY2A6zh
What do Red Sea assaults mean for global trade?
Supply chains face disruption due to vessels diverting away from the key shipping route.
from BBC News - Business https://ift.tt/Qiusr0q
from BBC News - Business https://ift.tt/Qiusr0q
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.
from BBC News - Business https://ift.tt/iWepuVC
from BBC News - Business https://ift.tt/iWepuVC
Google's billions make job cuts 'needless' - union
The Alphabet Workers Union criticises the tech giant for axing hundreds of jobs despite vast earnings.
from BBC News - Business https://ift.tt/niQuqwG
from BBC News - Business https://ift.tt/niQuqwG
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.
from BBC News - Business https://ift.tt/GTVRcvQ
from BBC News - Business https://ift.tt/GTVRcvQ
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.
from BBC News - Business https://ift.tt/0pDqGEt
from BBC News - Business https://ift.tt/0pDqGEt
Pennon Group buys Sutton East Surrey Water for £380m
Pennon Group, owners of South West Water is expanding its footing in southern England.
from BBC News - Business https://ift.tt/5U0ilNO
from BBC News - Business https://ift.tt/5U0ilNO
Sainsbury's sells record pigs in blankets and mince pies
Festive food sales helped boost the supermarket giant over the Christmas period.
from BBC News - Business https://ift.tt/wDVbWuo
from BBC News - Business https://ift.tt/wDVbWuo
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.
from BBC News - Business https://ift.tt/G40iw1j
from BBC News - Business https://ift.tt/G40iw1j
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.
from BBC News - Business https://ift.tt/dNQMnrW
from BBC News - Business https://ift.tt/dNQMnrW
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.
from BBC News - Business https://ift.tt/rC0BsYK
from BBC News - Business https://ift.tt/rC0BsYK
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.
from BBC News - Business https://ift.tt/3WK49EQ
from BBC News - Business https://ift.tt/3WK49EQ
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%.
from BBC News - Business https://ift.tt/RFjnEcJ
from BBC News - Business https://ift.tt/RFjnEcJ
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"
from BBC News - Business https://ift.tt/shlAe21
from BBC News - Business https://ift.tt/shlAe21
Energy firms allowed to restart force-fitting meters
Regulator Ofgem has given three companies permission to force-fit prepayment meters in homes.
from BBC News - Business https://ift.tt/XaLS8x3
from BBC News - Business https://ift.tt/XaLS8x3
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.
from BBC News - Business https://ift.tt/PICxign
from BBC News - Business https://ift.tt/PICxign
London Tube strikes called off as more pay talks planned
Little or no service was expected on London Underground until Friday morning.
from BBC News - Business https://ift.tt/5m3KhUx
from BBC News - Business https://ift.tt/5m3KhUx
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.
from BBC News - Business https://ift.tt/Z7qCpHY
from BBC News - Business https://ift.tt/Z7qCpHY
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.
from BBC News - Business https://ift.tt/rdjfQV7
from BBC News - Business https://ift.tt/rdjfQV7
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.
from BBC News - Business https://ift.tt/4sFkMYP
from BBC News - Business https://ift.tt/4sFkMYP
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.
from BBC News - Business https://ift.tt/NDIGZ5e
from BBC News - Business https://ift.tt/NDIGZ5e
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.
from BBC News - Business https://ift.tt/Ycn5eME
from BBC News - Business https://ift.tt/Ycn5eME
Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
from BBC News - Business https://ift.tt/IPkqmgJ
from BBC News - Business https://ift.tt/IPkqmgJ
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.
from BBC News - Business https://ift.tt/mQd2GMY
from BBC News - Business https://ift.tt/mQd2GMY
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.
from BBC News - Business https://ift.tt/kJIEhwe
from BBC News - Business https://ift.tt/kJIEhwe
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.
from BBC News - Business https://ift.tt/gqPatI4
from BBC News - Business https://ift.tt/gqPatI4
Microsoft announces AI key on Windows 11 PCs
The new keyboard will introduce a Copilot key which accesses AI capabilities on Windows 11.
from BBC News - Business https://ift.tt/eJYRnXp
from BBC News - Business https://ift.tt/eJYRnXp
Average mortgage rate lowest for nearly seven months
Major lenders have started the year with rate cuts and brokers expect more to follow suit.
from BBC News - Business https://ift.tt/CpBfQvH
from BBC News - Business https://ift.tt/CpBfQvH
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.
from BBC News - Business https://ift.tt/3KoNWkP
from BBC News - Business https://ift.tt/3KoNWkP
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.
from BBC News - Business https://ift.tt/nvEpCiA
from BBC News - Business https://ift.tt/nvEpCiA
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.
from BBC News - Business https://ift.tt/FXLqUhW
from BBC News - Business https://ift.tt/FXLqUhW
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.
from BBC News - Business https://ift.tt/xsMAJY4
from BBC News - Business https://ift.tt/xsMAJY4
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.
from BBC News - Business https://ift.tt/Yf1PLOd
from BBC News - Business https://ift.tt/Yf1PLOd
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.
from BBC News - Business https://ift.tt/DdyPbjC
from BBC News - Business https://ift.tt/DdyPbjC
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.
from BBC News - Business https://ift.tt/WgFSUvX
from BBC News - Business https://ift.tt/WgFSUvX
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.
from BBC News - Business https://ift.tt/TBAUqMc
from BBC News - Business https://ift.tt/TBAUqMc
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".
from BBC News - Business https://ift.tt/q86tyHa
from BBC News - Business https://ift.tt/q86tyHa
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.
from BBC News - Business https://ift.tt/t3Ara6e
from BBC News - Business https://ift.tt/t3Ara6e
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.
from BBC News - Business https://ift.tt/WZGB21N
from BBC News - Business https://ift.tt/WZGB21N





