Business News
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In May, customers withdrew a record amount of savings.
In May, billpayers drained their bank and savings accounts at unprecedented rates, prompting charities to warn about high living costs. ...
Ofgem’s reduced average energy use forecasts lower bills but higher than historical levels.
Cornwall Insight anticipates that the energy price limit will decrease again in October due to high prices and energy-saving measures ...
Wind power batteries can boost funds – Invinity Energy Systems help UK’s fossil fuel-free future.
Wind power now provides nearly a third of the United Kingdom’s electricity, surpassing all other sources, including petroleum. Costs have ...
David Lloyd sells £2bn-plus tennis clubs.
TDR Capital is collaborating with Morgan Stanley bankers on a strategic assessment that could lead to the sale of the ...
Tesco, Sainsbury’s, and competitors claim they are losing money.
According to supermarket executives, the industry is “more competitive than ever before.” The executives of Tesco, Sainsbury’s, Asda, and Morrisons ...
Shift acquires Tuffnells after 2,000 jobs are cut.
Administrators have sold one of Britain’s most recognizable delivery brands, but the future of its former employees remains unknown. A ...
Australian tax police raid Britishvolt offices.
The Australian police assault on Britishvolt’s buyer has delayed Northumberland’s battery factory plans. Scale Facilitation and SaniteX, founded by Australian ...
Shipbroker Braemar flounders as accounting delay risks share suspension.
Braemar, which has been listed on the main London stock exchange since 1997, has been informed by its auditor that ...
Mortgage rates: The worst of this mess is yet to come.
There is an abundance of volunteers willing to share their experiences. “My monthly mortgage repayments have increased by £270 per ...
Train strikes: RMT union announces July three-day walkouts.
Thousands of railway employees will go on strike for three days in July as part of a protracted dispute over ...
Interest rates: BoE chief denies seeking recession as rates increase.
The governor of the Bank of England has denied attempting to induce a recession after the institution raised interest rates ...
Expected interest rate increase after UK inflation surge
Inflation has remained persistently elevated, so it is anticipated that interest rates will increase once more. In May, inflation, which ...