Business news

Microsoft axing 10,000 roles in latest US tech jobs cull

The job losses make up almost 5% of its workforce and will be made by the end of September, with some going immediatelty.

Credit Suisse seeing money flow back into bank after turnaround plan...

Ulrich Korner confirmed its turnaround plans were in ‘full swing’ as it hopes to reinvent the bank and boost its earnings.

‘No progress’ made in talks to avert teacher strikes, union leaders...

Education Secretary Gillian Keegan held a meeting with unions representing teachers and school leaders on Wednesday.

Fresh strikes by thousands of ambulance workers announced

Members of the GMB union will stage a series of walkouts in the coming weeks in the bitter dispute over pay and staffing.

Oxfordshire battery plant to open next year with around 300 new jobs

The positive industry news comes a day after Electric car battery company Britishvolt slid into administration.

Oxfordshire battery plant to open this year with around 300 new jobs

The positive industry news comes a day after Electric car battery company Britishvolt slid into administration.

Outstanding credit card balances jumped by 10.1% annually in October

There were 11.3% more credit card transactions in October 2022 than in October 2021, according to figures from UK Finance.

Downward trend in house prices gained traction towards end of 2022 –...

Expectations continue to point to rents being squeezed higher, according to the Royal Institution of Chartered Surveyors.

Aldi to give thousands of warehouse workers another pay rise

The discount supermarket chain’s move comes after two previous increases for hourly paid warehouse workers in 2022.

Burberry’s boosted sales dragged down by Covid lockdowns in China

Mainland China, which is the biggest market for Burberry, only began significantly easing its Covid-related restrictions at the end of last year.

What does the latest dip in inflation mean and where are price press...

The fall to 10.5% last month shows further steady easing back from the painful 41-year high of 11.1% recorded in October last year.

Minister admits resolving rail disputes would have been cheaper than...

Rail minister Huw Merriman told MPs the row has ‘ended up costing more’.

Unite set to announce more ambulance strikes in row over pay and sta...

The further dates will then be put to union members to confirm.

Average UK house price edges down from previous peak

Private rental prices paid by UK tenants jumped by 4.2% in the 12 months to December, marking the biggest annual jump since records started in 2016.

How everyday food items have risen in price in the past 12 months

The cost of low-fat milk has increased by 46%, olive oil by 39.5% and eggs by 28.9%.

Just Eat predicts earnings growth in 2023 despite another drop in or...

The food delivery firm’s overall order numbers dropped by 12% in the fourth quarter and were down by 10% in the UK and Ireland.

Jeremy Hunt mocked over video explaining high inflation

Chancellor Jeremy Hunt used a video set in a cafe to explain the rising cost of coffee.

WHSmith leans on travel business as it returns to a Christmas of gro...

Sales rose by more than 40% during the 20 weeks to the middle of January.

UK performance keeps Currys on track to meet reduced profit target

The electronics retailer said a better-than-expected performance in the UK and Ireland managed to offset its struggles in Scandinavia.

Inflation eases back further, but food prices continue to soar

The Office for National Statistics said the rate of Consumer Prices Index inflation fell to 10.5% in December from 10.7% in November.