BoE cuts rate to 3.75%, signaling gradual path of further reductions
Business & Markets • 10 months ago
A 5-4 vote lowers the Bank Rate from 4% as inflation cools and growth remains weak; policymakers warn future cuts will be more contested.
Business & Markets News
Currys boss warns of muted consumer confidence after Budget tax raid
Business & Markets • 10 months ago
CEO Alex Baldock cites higher taxes and wage costs; cautions UK shoppers and retailers face a subdued Christmas
Unemployment rises to four-year high as November payrolls show limited improvement
Business & Markets • 10 months ago
Job losses in October and slower hiring in November keep the unemployment rate at 4.6% while wages grow at a slower pace, complicating debates over Trump-era economic policies.
A Nightmare Before Christmas: Hospitality warns Labour's business rates reform will crush sector
Business & Markets • 10 months ago
UK Hospitality chief says Budget changes will lift bills for pubs, restaurants and hotels, risking jobs and high streets
Delaware Supreme Court Restores Elon Musk's Tesla Pay Deal
Business & Markets • 10 months ago
Court overturns 2024 rescission ruling, reinstating the 2018 compensation plan and setting the stage for Musk’s potential windfall as Tesla hits milestones.
Lidl hits 1,000 UK stores as expansion plans unfold
Business & Markets • 10 months ago
UK discounter outlines continued growth, bigger British sourcing, and socio-economic impact as it passes 1,000 outlets
UK retailers brace for busiest Christmas weekend as shoppers flood High Street
Business & Markets • 10 months ago
Industry groups expect a last-minute shopping surge after a subdued Black Friday and cautious December start, with Aldi forecasting a record Christmas amid price cuts at major chains.
Soo Kim approached by Warner Bros. Discovery shareholder about CNN buy, FT reports
Business & Markets • 10 months ago
Standard General founder could back or invest in WBD's cable assets as the company pursues a spin-off amid Netflix deal and a Paramount bid
Savers urged to ditch 1% accounts as big banks lag rival rates
Business & Markets • 10 months ago
Major lenders’ easy-access accounts offer around 1% interest, prompting warnings to switch as alternative providers push well above 4%.