Business news

NatWest and RBS announce closure of another 19 branches
November 22, 2023 10:26 PM GMT | By PAMEDIASo far this year, 578 branch closures have been announced by UK high street banks.

Virgin Money ramps up cost cutting as it unveils £130m plan to fight...
November 22, 2023 09:12 PM GMT | By PAMEDIAThe lender said it would need to cut costs by £200 million a year, up from £175 million previously, to pay for the investment plans.

Jet2 hit by wildfires and flooding but profit soars
November 22, 2023 08:57 PM GMT | By PAMEDIAThe airline said that the average price of one of its package holidays increased by around £85.

Black Friday may offer genuine holiday discounts, research suggests
November 22, 2023 08:35 PM GMT | By PAMEDIANine out of 10 holiday prices on Black Friday last year were cheaper than a fortnight later, according to Which?.

Ofgem confirms average household energy bills to rise by £94 a year...
November 22, 2023 08:15 PM GMT | By PAMEDIAThe regulator said the increase was almost entirely driven by market instability and global events, particularly the conflict in Ukraine.

Gas and oil industry faces ‘moment of truth’ ahead of COP28 – report
November 22, 2023 07:12 PM GMT | By PAMEDIAThe International Energy Agency released a report on the future of fossil fuels and said oil and gas producers have ‘pivotal choices’ to make.

Hunt hints at more tax cuts before next election after ‘making a sta...
November 22, 2023 01:51 PM GMT | By PAMEDIAThe Chancellor faces further analysis from the Office for Budget Responsibility on the autumn statement.

Households set to learn of energy bill rise
November 22, 2023 01:01 PM GMT | By PAMEDIAOfgem will announce its latest price cap on Thursday.

nexo standards helps TotalEnergies modernize its payment acceptance...
November 22, 2023 09:48 AM GMT | By EIN PresswireUsing nexo standards has harmonized payment systems, reduced new payment technology development costs and simplified deployments BRUSSELS, BELGIUM, No...

Pound slips as UK growth forecasts downgraded and oil prices plunge
November 22, 2023 06:15 AM GMT | By PAMEDIAThe FTSE 100 moved 12.48 points lower, or 0.17%, to close at 7,469.51.

UK economic growth forecasts slashed amid persistent inflation
November 22, 2023 06:14 AM GMT | By PAMEDIAIt came as the Chancellor Jeremy Hunt unveiled around £20 billion of business and personal tax cuts in the Government’s autumn statement.

Business progress on sustainability slowed amid inflation and confli...
November 22, 2023 06:12 AM GMT | By PAMEDIAA survey of more than 500 chief sustainability officers or equivalents found companies extending climate goal targets.

Bus drivers suspend strike action after pay offer improved
November 22, 2023 05:51 AM GMT | By PAMEDIAUnite said it will put the offer from First Glasgow to its membership.

Hunt claims UK has ‘turned a corner’ as he slashes national insuranc...
November 22, 2023 05:50 AM GMT | By PAMEDIAWith an eye on next year’s election, Chancellor Jeremy Hunt began easing the tax burden but it will still hit a record high.

The key points of the autumn statement and what it means for the nex...
November 22, 2023 05:38 AM GMT | By PAMEDIATwo big tax cuts formed the centrepiece of Jeremy Hunt’s statement, raising questions about the timing of the next election.

Departments face ‘implausibly large’ spending squeeze under Hunt’s p...
November 22, 2023 05:17 AM GMT | By PAMEDIAThe autumn statement offered little extra support for struggling Government departments.

‘Huge sigh of relief’ for renters after housing allowance unfrozen
November 22, 2023 05:09 AM GMT | By PAMEDIAChanges on both benefits and housing allowance will come into effect from April 2024.

Isa shake-up will help savers make most of top-paying accounts
November 22, 2023 04:56 AM GMT | By PAMEDIAThe Government will allow multiple subscriptions to Isas of the same type every year from April 2024.

Yousaf warns of ‘quite significant’ job cuts as oil refinery to ceas...
November 22, 2023 04:50 AM GMT | By PAMEDIAPetroineos said the Grangemouth plant will become a fuel import terminal.

What does the autumn statement mean for my finances?
November 22, 2023 04:35 AM GMT | By PAMEDIAHere are the key announcements that will affect your personal finances over the coming months.
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