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‘The stakes are enormous’: how a prolonged Iran war could shock the global economy
UK NewsBusiness

‘The stakes are enormous’: how a prolonged Iran war could shock the global economy

Donald Trump’s ‘little excursion’ is likely to have long-term effects, from oil prices to inflation to growth, say expertsIn the days after the US and Israel first bombed Iran, financial markets bet t...

The Guardian - UK News6 months ago
Owners from Great Britain travelling to EU warned over pet passport ‘dodge’
UK NewsPoliticsBusiness

Owners from Great Britain travelling to EU warned over pet passport ‘dodge’

Bypassing animal health certificate system by using cheaper pet passport issued abroad could backfire, experts sayBritish pet owners who want to take their furry friends elsewhere in Europe have been...

The Guardian - UK News6 months ago
‘It’s come at the wrong time’: how Iran war has floored the Gulf as a sports hub
UK NewsBusinessSports

‘It’s come at the wrong time’: how Iran war has floored the Gulf as a sports hub

Conflict has not only hit sporting calendar but laid bare weakness in plans for diversifying economies through sportMiddle East crisis – live updatesThe sight of Nasser al-Khelaifi grounded in Doha wh...

The Guardian - UK News6 months ago
Lowering speed limits among contingency plans to curb UK oil demand
UK NewsPoliticsBusiness

Lowering speed limits among contingency plans to curb UK oil demand

International Energy Agency recommends emergency measures, including working from home, as Iran war hits fuel supplyMiddle East crisis – live updatesLowering speed limits to minimise fuel consumption...

The Guardian - UK News6 months ago
FCA investigates collapsed lender MFS amid £1.3bn mortgage scandal
UK NewsBusiness

FCA investigates collapsed lender MFS amid £1.3bn mortgage scandal

Move follows the granting of a worldwide asset-freezing order on company’s founder, Paresh RajaWhat is the £1.3bn MFS mortgage scandal and what is private credit?The UK’s financial regulator has launc...

The Guardian - UK News6 months ago
UK borrowing costs hit highest since 2008 as markets expect up to three interest rate rises
UK NewsBusiness

UK borrowing costs hit highest since 2008 as markets expect up to three interest rate rises

Deficit rises unexpectedly to £14.3bn in February as stock markets slide amid fears that Iran war will escalateBusiness live – latest updatesUK government borrowing costs have reached their highest le...

The Guardian - UK News6 months ago
BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise
UK NewsBusiness

BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise

Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil pricesBank of England holds interest rates at 3.75%Business live – latest updatesThe US-Israel attac...

The Guardian - UK News6 months ago
Hornby sells slot car racing brand Scalextric for £20m
Business

Hornby sells slot car racing brand Scalextric for £20m

Purbeck Capital Partners seals deal with model railway maker for toy racing car business and IP rightsFor almost six decades Hornby has watched Scalextric drive revenues for its hobby business but on...

The Guardian - UK News7 months ago
Switching energy deal can save £200 as price cap falls, say experts
Business

Switching energy deal can save £200 as price cap falls, say experts

Households on a default dual-fuel tariff in Great Britain could cut costs by moving to a fixed dealExperts have told households whose energy bills are pegged to the price cap not to “rest on their lau...

The Guardian - UK News7 months ago
Music Venue Trust and The National Lottery team up for “the UK’s biggest festival on your doorstep”: Everywhere At Once
BusinessSportsMusic

Music Venue Trust and The National Lottery team up for “the UK’s biggest festival on your doorstep”: Everywhere At Once

To fill the gap of Glastonbury weekend, the new festival will see “hundreds of venues come together across one weekend”, and help support grassroots venues, emerging talent and various music charitie...

NME Music News7 months ago
WPP to sell assets and cut jobs in radical shake-up to counter AI threat
BusinessTechnology

WPP to sell assets and cut jobs in radical shake-up to counter AI threat

Group aims to be ‘simpler, lower-cost, AI-enabled business’ and achieve £500m of annual savings by 2028The beleaguered UK advertising group WPP has announced a radical restructure to counter the threa...

The Guardian - UK News7 months ago
Ocado to cut 1,000 jobs in £150m cost-saving drive
BusinessTechnology

Ocado to cut 1,000 jobs in £150m cost-saving drive

Retail technology business to reduce about 5% of global workforce, with two-thirds of job losses affecting UKBusiness live – latest updatesOcado is to cut 1,000 jobs as the retail technology business...

The Guardian - UK News7 months ago
Diageo slashes dividend and vows to address Guinness capacity constraints in London
Business

Diageo slashes dividend and vows to address Guinness capacity constraints in London

Drinks maker cuts annual sale and profit forecast for second time in four months amid weak demand in US and ChinaDiageo has slashed its dividend and cut its annual sales and profit forecast for the se...

The Guardian - UK News7 months ago
Ineos said to be in talks to sell parts of business to tackle rising debt
Business

Ineos said to be in talks to sell parts of business to tackle rising debt

Talks reportedly focused on assets of owner Jim Ratcliffe’s vinyls business Inovyn as group scrambles to cut costsThe chemicals empire owned by the billionaire Jim Ratcliffe is in talks to sell parts...

The Guardian - UK News7 months ago
Energy bills will fall by £117 for millions of households in Great Britain from April
Business

Energy bills will fall by £117 for millions of households in Great Britain from April

Ofgem cap drops by 7% to £1,641 a year for consumers’ average gas and electricity costsBusiness live – latest updatesAnnual energy bills will fall by £117 for millions of households from April after R...

The Guardian - UK News7 months ago
Energy price cap to fall in April but threat of war hangs over outlook
Business

Energy price cap to fall in April but threat of war hangs over outlook

This week has seen the fourth anniversary of Russia's invasion of Ukraine.

Sky News - UK7 months ago
‘Strong rebound’ for UK housing market with 6% more homes for sale than a year ago
Business

‘Strong rebound’ for UK housing market with 6% more homes for sale than a year ago

Zoopla says it is on target for highest number of new listings on its site in any February in a decade Spring has come early to the UK housing market, with a surge in people listing their homes for sa...

The Guardian - UK News7 months ago
Reform UK promises to scrap flagship Labour worker and renters’ protections
Business

Reform UK promises to scrap flagship Labour worker and renters’ protections

Richard Tice echoes Donald Trump with pledge of ‘great repeal act’ and ‘tight quotas and significant tariffs’Unions and renters’ groups have criticised Reform UK after the party’s business spokesperso...

The Guardian - UK News7 months ago
Reform’s Danny Kruger criticises UK’s ‘totally unregulated sexual economy’
Business

Reform’s Danny Kruger criticises UK’s ‘totally unregulated sexual economy’

Former Conservative laments divorce changes and says Reform UK will pursue policies to boost birthrateUK politics live – latest updatesThe UK is “suffering from having a totally unregulated sexual eco...

The Guardian - UK News7 months ago
UK’s biggest student housing provider hit by fall in international enrolment
Business

UK’s biggest student housing provider hit by fall in international enrolment

Unite Group cuts rents at some universities and raises cash by selling London site to joint venture for £186mBusiness live – latest updatesA drop in the number of international students coming to the...

The Guardian - UK News7 months ago