Business news

Rail strikes could last until 2026, union boss warns
February 02, 2023 10:36 PM GMT | By PAMEDIAAslef general secretary Mick Whelan spoke as the majority of Britain’s train services were cancelled on Friday due to industrial action.

NatWest boss U-turns on decision not to face MPs in bank probe
February 02, 2023 10:06 PM GMT | By PAMEDIADame Alison Rose, NatWest’s chief executive, came under pressure from the Treasury Committee after saying she was too busy to attend the meeting.

Bank’s chief economist cautions over raising rates ‘too much’
February 02, 2023 09:58 PM GMT | By PAMEDIAThe warning comes a day after the central bank hiked interest rates by 0.5 percentage points to 4%.

Openreach’s fibre broadband discounts do not raise competition conce...
February 02, 2023 09:12 PM GMT | By PAMEDIANetwork rivals argued that Openreach was using its dominant market position to price out smaller infrastructure companies.

How will the latest rail strikes affect each train operator?
February 02, 2023 08:06 PM GMT | By PAMEDIATrain driver members of Aslef and the RMT unions are walking out in a long-running dispute over pay, jobs and conditions

Trains between Scotland and England to be severely disrupted in late...
February 02, 2023 01:01 PM GMT | By PAMEDIAJust two operators will run services between Scotland and England on Friday as Aslef and RMT members walk out for another day of strike action.

British Gas under pressure to outline compensation for ‘mistreated’...
February 02, 2023 12:52 PM GMT | By PAMEDIAEnergy minister Graham Stuart has asked Centrica to explain how it will ‘redress’ customers, while Ofgem has called for ‘action, not warm words’.

Grant Shapps urges suppliers to stop ‘outrageous’ forced meter fitti...
February 02, 2023 08:40 AM GMT | By PAMEDIAThe Business Secretary called on energy companies to suspend the practice, following a meeting between BEIS and British Gas representatives.

Free travel to be extended to more of London’s lowest-paid transport...
February 02, 2023 06:45 AM GMT | By PAMEDIAThousands of cleaners, catering and security staff in the capital will now be eligible for free travel.

UK stocks boosted as Bank of England upgrades outlook for economy
February 02, 2023 06:23 AM GMT | By PAMEDIAThe FTSE 250 lurched by 3.6% on Thursday and the FTSE 100 closed 0.76% higher.

Why has the Bank of England hiked interest rates and what does it me...
February 02, 2023 06:12 AM GMT | By PAMEDIAThe decision was taken to help keep inflation under control.

Interest rates rise to 4% but could be nearing peak as inflation ‘tu...
February 02, 2023 05:48 AM GMT | By PAMEDIAThe Bank also forecast that an expected recession will be shorter and shallower than previously thought.

Fresh strike by Royal Mail workers over jobs and conditions
February 02, 2023 05:27 AM GMT | By PAMEDIACWU members will walk out on February 16 following a series of stoppages last year.

Fresh travel misery for rail passengers as train drivers strike agai...
February 02, 2023 05:11 AM GMT | By PAMEDIAMembers of Aslef and the RMT will walk out on Friday in the long running dispute over pay and conditions.

Teenage girl left ‘terrified’ by British Gas agents who broke into h...
February 02, 2023 04:25 AM GMT | By PAMEDIABritish Gas has announced it will stop applying for court warrants to enter customers’ homes and fit prepayment meters.

JD Sports to open 350 new shops globally each year in ambitious expa...
February 02, 2023 04:08 AM GMT | By PAMEDIAThe retailer said the strategy will involve an annual 600 million of capital investment as it grows its store portfolio.

Threat of further strikes on Elizabeth line suspended following talk...
February 02, 2023 03:52 AM GMT | By PAMEDIAThe TSSA union said its members involved in the dispute have agreed to suspend industrial action until the beginning of March.

Ofgem orders E.On to improve customer service after finding ‘severe...
February 02, 2023 02:57 AM GMT | By PAMEDIAThe regulator said the energy firm’s performance on call waiting times and abandoned call rates was ‘very poor’.

British Airways and Virgin Atlantic to relaunch China flights
February 02, 2023 02:42 AM GMT | By PAMEDIAFlights are being restarted following a relaxation of China’s travel restrictions.

Average monthly tracker mortgage payment jumps by nearly £50 followi...
February 02, 2023 02:11 AM GMT | By PAMEDIAThe average tracker mortgage payment will increase by £48.99 per month, according to figures from UK Finance.
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