Business news

No penalties for ‘innocent’ tax errors, says HMRC boss

HMRC chief executive Jim Harra was appearing before the Public Accounts Committee.

Almost 300 jobs at risk at Asda and 4,100 staff face pay cut

The retailer also said it will cut hours at in-store Post Office stores and close seven pharmacies.

Ofcom tells Shell Energy to ‘get a grip’ on broadband and landline c...

The regulator said it was monitoring Shell’s performance closely as its complaint volumes remained significantly higher than other providers.

Asking rents hit record highs in final months of 2022, says property...

Rightmove predicts average asking rents across Britain for newly available properties will rise a further 5% in 2023.

Shop vacancies fall amid increasing tourism and return to the office

The overall vacancy rate improved to 13.8% in the fourth quarter of 2022 – 0.6 percentage points better than a year previously.

Competition watchdog to scrutinise ‘green’ claims on household essen...

The Competition and Markets Authority has raised concerns that many shoppers are being misled.

Zahawi inquiry could conclude quickly amid pressure on Downing Stree...

One senior minister suggested the result of the investigation could be on Rishi Sunak’s desk in as little as 10 days.

The full list of 23 NatWest branches set to close

The branches will shut down between the end of April and the beginning of May, with two closure dates yet to be decided.

Mecca Bingo owner Rank slumps to loss as costs surge, but cheers fes...

The group reported pre-tax losses of £107.1 million for the six months to December 31, against profits of £101.5 million a year earlier.

Royal Mail reveals mounting losses after £200m strike hit

Operating losses have reached £295 million in the first nine months of its year so far.

TSB reveals record profits as higher interest rates bump up income

The high street bank said its total statutory income surged by more than 12% to £1.1 billion in 2022, reflecting more lending and higher rates.

‘Ruthless’ Iranian and Russian hackers target UK journalists and pol...

The Government has vowed to update the Britain’s cybersecurity laws amid increasing levels of cyber attacks.

M&S chair says UK Government’s ‘baffling’ post-Brexit plans will wre...

Archie Norman also urged the Foreign Secretary during talks with the EU not to consider separate labelling for goods sold in Northern Ireland.

M&S chairman says UK Government’s ‘baffling’ post-Brexit plans will...

Archie Norman also urged the Foreign Secretary during talks with the EU not to consider separate labelling for goods sold in Northern Ireland.

Health workers take to the picket lines in Northern Ireland

Thousands of health and social care workers, including paramedics will take part in the strike action over pay and conditions.

Ministers will look ‘seriously’ at any credible Britishvolt takeover...

Britishvolt collapsed into administration a week ago, making the majority of its roughly 300 workers redundant.

Octopus Energy pays out more than £1m to customers in energy saving...

The average customer was paid £2.50 in special points, which entitles them to rewards, reducing their demand by around 60% on average.

FTSE continues dampened week as it retreats from recent four-year hi...

Shares in the index dipped by 0.2% on Wednesday.

Thousands of health workers to strike in Northern Ireland

Paramedics will be among those NHS workers taking part in industrial action on Thursday.

Rail strikes set to cause fresh travel disruption

Passengers are being urged to check before they travel next week because of walkouts by train drivers.