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City veteran Ian Cheshire chosen to be new chair of Ofcom
UK NewsBusiness

City veteran Ian Cheshire chosen to be new chair of Ofcom

Former Channel 4 chair and boss of Kingfisher to be appointed at crucial time for UK’s media regulatorBusiness live – latest updatesThe government has named the City veteran Ian Cheshire as its prefer...

The Guardian - UK News7 months ago
Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation
UK NewsBusiness

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320mClose Brothers shares surged on Wednesday after the UK bank declared it could “comfortably absorb” its sl...

The Guardian - UK News7 months ago
‘We can’t increase prices any more’: UK hospitality firms hit by cost triple blow
UK NewsBusiness

‘We can’t increase prices any more’: UK hospitality firms hit by cost triple blow

Struggling pubs reel from rising business rates, wages and energy bills, with customers at limit of what they will payNick Evans is staring in vain at columns of numbers, trying to make them add up to...

The Guardian - UK News7 months ago
UK house prices fall in March amid uncertain impact of Middle East conflict
UK NewsBusiness

UK house prices fall in March amid uncertain impact of Middle East conflict

Average price dips back below £300,000 after higher energy costs have knock-on effect on mortgage ratesUK house prices fell in March, as the housing market lost momentum amid uncertainty over the conf...

The Guardian - UK News7 months ago
Bristol airport loses legal challenge against Cardiff rival over £205m subsidy
UK NewsPoliticsBusiness

Bristol airport loses legal challenge against Cardiff rival over £205m subsidy

Tribunal dismisses claim that the Welsh government’s financial package breached competition rulesCardiff airport has won a legal challenge brought by its rival in Bristol over the fairness of a £205m...

The Guardian - UK News7 months ago
UK interest rate predictions fall as US and Iran agree two-week ceasefire
UK NewsBusiness

UK interest rate predictions fall as US and Iran agree two-week ceasefire

Markets now forecast one rate rise this year, down from two on Tuesday, although mortgage rates may not fall quicklyBusiness live – latest updates City traders have cut their forecasts for UK interest...

The Guardian - UK News7 months ago
Wednesday briefing: ​Has the sacking of a shop worker highlighted our unease around how crime is tackled?
UK NewsBusiness

Wednesday briefing: ​Has the sacking of a shop worker highlighted our unease around how crime is tackled?

In today’s newsletter: A Waitrose worker’s dismissal ​after confronting a shoplifter has become a flashpoint in a wider debate over rising retail crimeGood morning. Overnight, the US and Iran agreed t...

The Guardian - UK News7 months ago
Universal Music, home to Taylor Swift and Drake, receives €55bn takeover offer
UK NewsBusinessMusic

Universal Music, home to Taylor Swift and Drake, receives €55bn takeover offer

Bill Ackman’s Pershing Square claims world’s biggest music company has suffered because of delay of US listingBusiness live – latest updatesBillionaire Bill Ackman’s hedge fund has offered to buy Univ...

The Guardian - UK News7 months ago
Hedge fund borrowing exposes emerging markets to greater Iran war risk, says IMF
UK NewsBusiness

Hedge fund borrowing exposes emerging markets to greater Iran war risk, says IMF

Analysis shows developing economies more likely to experience higher interest rates and currency shocksBusiness live – latest updatesEmerging economies are at greater risk of higher interest rates and...

The Guardian - UK News7 months ago
Oil and gas crisis from Iran war worse than 1973, ​1979 and 2022 together, says IEA
UK NewsBusiness

Oil and gas crisis from Iran war worse than 1973, ​1979 and 2022 together, says IEA

Oil prices seesaw and stock markets on edge amid Donald Trump’s deadline for Iran to reopen strait of Hormuz Business live – latest updatesThe current oil and ‌gas crisis triggered by the blockade of...

The Guardian - UK News7 months ago
JP Morgan reaches agreement with City airport for Canary Wharf’s tallest tower
UK NewsBusiness

JP Morgan reaches agreement with City airport for Canary Wharf’s tallest tower

Bank to submit planning application shortly, after securing deal on 265m-high London Docklands buildingBusiness live – latest updatesJP Morgan Chase has reached agreement with London City airport to b...

The Guardian - UK News7 months ago
Iceland chain offers job to man sacked by Waitrose after confronting shoplifter
UK NewsBusiness

Iceland chain offers job to man sacked by Waitrose after confronting shoplifter

Iceland’s chair Richard Walker says Walker Smith is ‘welcome to a job with us’ as public fundraiser hits £7,500Keir Starmer’s cost of living tsar, who is the chair of Iceland, has offered a job to a w...

The Guardian - UK News7 months ago
UK City firms report fastest turnaround in fortunes in 30 years
UK NewsBusiness

UK City firms report fastest turnaround in fortunes in 30 years

CBI figures showing surprise jump in financial sector’s growth will be welcome news for Rachel ReevesBritain’s financial services companies have reported a strong recovery in activity at the start of...

The Guardian - UK News7 months ago
UK manufacturers ‘will pay £940m a year more in business rates due to Reeves changes’
UK NewsPoliticsBusiness

UK manufacturers ‘will pay £940m a year more in business rates due to Reeves changes’

Government should look at ways to help as firms are paying disproportionate bills, says MakeUKBritish manufacturers have said they will have to pay an extra £940m a year in business rates because of c...

The Guardian - UK News7 months ago
Waitrose under pressure to reinstate worker sacked after stopping shoplifter
UK NewsBusiness

Waitrose under pressure to reinstate worker sacked after stopping shoplifter

Retailer faces public outcry over treatment of Walker Smith, who tackled shoplifter stealing Easter eggs at London storeWaitrose is under growing pressure to reinstate an employee of 17 years who was...

The Guardian - UK News7 months ago
Dozens of firms risk losing B Corp status after standards overhaul
UK NewsBusiness

Dozens of firms risk losing B Corp status after standards overhaul

Tougher ethical certification process requires companies to meet standards in every one out of seven categoriesDozens of companies may be at risk of losing their coveted B Corp ethical status after th...

The Guardian - UK News7 months ago
Thousands of small UK firms’ energy bills set to more than double due to Iran war
UK NewsBusiness

Thousands of small UK firms’ energy bills set to more than double due to Iran war

Companies using heating oil have already begun rationing their fuel use, says Federation of Small BusinessesMiddle East crisis – live updatesThousands of independent businesses across the UK are brace...

The Guardian - UK News7 months ago
Sick pay rule changes to benefit up to 9.6m UK workers, TUC says
UK NewsPoliticsBusiness

Sick pay rule changes to benefit up to 9.6m UK workers, TUC says

Union says new entitlements, part of Employment Rights Act 2025, will help lower-income householdsUp to 9.6 million UK workers are to benefit from the changes to sick pay rules, according to unions. T...

The Guardian - UK News7 months ago
Labour to back down on foie gras and fur bans to ease EU trade deal
UK NewsPoliticsBusiness

Labour to back down on foie gras and fur bans to ease EU trade deal

Exclusive: Animal welfare charities ‘bitterly disappointed’ UK government plans to backtrack on manifesto promisesThis article contains an image of a duck being force-fed that some readers may find up...

The Guardian - UK News7 months ago
Waitrose employee sacked after stopping shoplifter from taking Easter eggs
UK NewsBusiness

Waitrose employee sacked after stopping shoplifter from taking Easter eggs

Walker Smith, 54, who worked for retailer for 17 years, says he grabbed bag from thief before they escapedA Waitrose employee of 17 years has described his devastation after being sacked for stopping...

The Guardian - UK News7 months ago