Bank of England head Andrew Bailey denies role in Liz Truss’s downfall
The Bank of England Governor has denied having any part in the downfall of Liz Truss.In an interview with Sky...
business
Amazon ‘to axe 10,000 workers’ after forecasting weaker growth
Amazon is to let go of approximately 10,000 employees as early this week, it has been reported.The jobs are to...
Ashley’s Frasers to seal swoop for Savile Row tailor Gieves & Hawkes
The high street empire founded by Mike Ashley is close to agreeing a deal to buy the stricken Savile Row...
Households paying £94 extra on energy bills because Ofgem ‘too slow to act’
Ofgem's failure to effectively regulate energy suppliers since 2018 has "come at a considerable cost" to British households, a watchdog...
Despite Jeremy Hunt’s reassurances after Kwasi Kwarteng’s disastrous mini-budget there is no magic cure
The last time a chancellor of the exchequer appeared on the Sunday morning political shows he helped kick the economy...
Jeremy Hunt says everyone will have to pay higher taxes – but richest will make larger sacrifices
Jeremy Hunt has said everyone is going to be paying higher taxes but those who earn the most will have...
Sale of collapsed energy company Bulb delayed by High Court over ‘very serious concerns’
The sale of collapsed energy company Bulb has been delayed by a High Court judge after concerns were raised by...
Burger chain Byron to be flipped to new owner two years after going bust
Byron, one of the UK's best-known burger restaurant chains, is to be flipped to a new owner two-and-a-half years after...
Major crypto exchange FTX begins bankruptcy proceedings in US
FTX, one of the world's biggest cryptocurrency exchanges, is commencing bankruptcy proceedings in the US.Sam Bankman-Fried, its 30-year-old chief executive...
First step towards recession as economy shrinks, official GDP figures show
The UK economy contracted by 0.2% in the third quarter, early official figures show - prompting the chancellor to warn...
Elon Musk says Twitter ‘may face bankruptcy’ as more staff quit and top regulator issues warning
Elon Musk raised the possibility of Twitter going bankrupt as the company endured perhaps its most chaotic day since he...
The UK has one foot in a recession but it’s worth being wary of forecasts during uncertain times
The UK now officially has one foot in a recession.That might on the face of it sound like a statement...
KFC apologises for sending ‘unacceptable’ Kristallnacht message
KFC in Germany has apologised for inviting customers to "treat yourself" on Kristallnacht.The business sent the alert to its mobile...
Pensions pioneer Truell targets latest IPO with Long Term Assets vehicle
One of Britain's most prominent pensions industry entrepreneurs is to list a new vehicle aimed at attracting illiquid assets held...
US inflation figures are lower than Wall Street forecast – but there’s pain ahead for UK
Today's dramatic US inflation figures raise hopes that the Federal Reserve is winning the fight against the monster.Consumer price inflation...
Train drivers from 12 companies to go on strike again later this month
Train drivers across England have declared a fresh strike in their long-running dispute over pay and conditions.Members of the Aslef...
Union representing more than 100,000 civil servants vote for strike action over pay, pensions and jobs
A union representing more than 100,000 civil servants has voted to strike in a dispute over pay, pensions and jobs.The...
Facebook and Instagram owner Meta to lay off more than 11,000 staff
Meta, the owner of Facebook and Instagram, has revealed that 13% of its workforce is being laid off, becoming the...
Made.com collapses with loss of all 573 jobs leaving thousands of orders in doubt
Made.com has entered administration with the loss of all 573 jobs in the business, leaving thousands of customer orders hanging...
M&S warns of ‘gathering storm’ ahead as surging costs knock profits
Marks and Spencer (M&S) has reported a big dip in profits and warned of a "gathering storm" ahead from rising...