A record number of British business leaders are bracing for unprecedented cost pressures over the coming year, driven by tax hikes, mounting energy bills and rising pay demands, according to a new survey by the Institute of Directors (IoD). The poll revealed that 89% of respondents expect their costs to climb, with only 2% anticipating […]
Asda has confirmed that more than 10,000 of its managers will not receive their annual bonuses this year, following a worrying slide in performance at the once-thriving supermarket chain. The payout cancellation comes amid Asda’s worst Christmas sales in a decade and a slip in market share from 13.7 per cent to 12.6 per cent, […]
Article content The result compared with a deficit of $23.6 billion for the same period a year earlier. According to the Finance Department’s monthly fiscal monitor, revenue for the nine-month period totalled $355.6 billion, up from nearly $318.1 billion a year earlier, boosted by gains in all categories. Program expenses excluding net actuarial losses amounted […]
President Donald Trump has given fresh hope for a rapid trade agreement with Britain, declaring that threatened tariffs “wouldn’t be necessary” if negotiations progress as he anticipates. The remarks came at a joint press conference with Prime Minister Sir Keir Starmer, who visited the White House seeking closer economic ties, clarity over US sanctions policies […]
Nationwide, First Direct, Lloyds and Halifax all confirmed widespread app and online banking disruptions on Friday, leaving many customers unable to access their pay as salaries and bills moved in and out of accounts. This is the second consecutive month that major banks have experienced IT failures around the end-of-month payday rush. According to service […]
Jana Denzel, a Harley Street dentist and contestant on the BBC’s The Apprentice, dramatically departed the show after producers reprimanded him for describing a black person as “coloured.” Although the BBC insists his exit was unrelated to the remark, Dr Denzel – who had already undergone diversity training – says the other candidates were simply […]
Alibaba, the Chinese tech conglomerate, has announced a colossal 380 billion yuan (£41.5 billion) investment in artificial intelligence and cloud computing over the next three years. The news follows the public rehabilitation of the firm’s founder Jack Ma, who recently re-emerged alongside President Xi Jinping and other tech leaders at a high-profile summit in China. […]
The Covid inquiry will hold private hearings to examine details about the government’s awarding of multimillion-pound PPE contracts to PPE Medpro, a company with links to the Conservative peer Michelle Mone. Dame Heather Hallett, the inquiry chair, ruled that making the evidence public could jeopardise an ongoing National Crime Agency (NCA) investigation. The NCA has […]
Veuve Clicquot has announced the shortlist for its 2025 Bold Woman and Bold Future Awards, honouring six trailblazing female entrepreneurs and leaders who are reshaping their industries through innovation, determination and social impact. Now in its 53rd year, the award is the longest-running international accolade of its kind, providing a platform for women driving business […]
Heathrow has revealed a record 83.9 million passengers passed through its four terminals last year, a 6 per cent increase on the previous period, boosting its pre-tax profits by nearly a third to £917 million in 2024. The update arrives just weeks after Chancellor Rachel Reeves confirmed government support for a third runway, describing the […]