The prices of parcels and stamps are likely to rise again as Royal Mail tries to cover higher costs, including wages, energy and fuel expenses. The firm said it would try to “mitigate” the costs through “price increases and growth initiatives”. Earlier this year, the firm hiked first class stamp prices by 10p to 95p […]
UK digital lender Atom Bank is eyeing up a listing in New York in what will be a major blow to London’s efforts to promote itself as a premier destination for tech IPOs. Durham-headquartered Atom, founded in 2013 by Mark Mullen, is set to float in New York via a £700m merger with a special […]
The system of executive pay is “broken”, the Church of England’s pension board has said, as it challenged more companies to ease the pain of soaring inflation by committing to paying workers the living wage. On the day retailer Next approved a 50% pay rise for its chief executive, Adam Matthews, the Church’s chief responsible […]
A country pub has received a framed apology from a fashion publishing giant after being threatened with legal action unless the landlords changed its name. The Star Inn at Vogue was sent a cease-and-desist letter by Vogue’s publisher, Condé Nast, which claimed a link between the two businesses was “likely to be inferred”. The pub […]
UK manufacturers have reported the joint-strongest growth in orders since records began and the fastest increase in output since July, according to the latest CBI’s industrial trends survey. The order book index, which measures how much orders are above or below normal, rose to +26 in May from +14 in April, matching previous records from […]
Consumer confidence has fallen to a record low as concern grows about whether households will be able to afford rising utility, food and fuel bills. Confidence, as measured on the monthly barometer by GfK, fell two points to minus 40, the lowest score since records began in 1974. The results of the online survey of […]
With a £2.06 billion fortune, Johnny Boufarhat is the wealthiest person in the Young Rich List, of people in the UK aged 30 and under. That is according to the new edition of The Sunday Times Rich List, published today online at thesundaytimes.co.uk/richlist and in the print edition of the newspaper on Sunday, May 22. […]
Breadcrumb Trail Links Telecom News Chinese state-championed telecommunications firm poses threat to Canada’s national security, Francois-Philippe Champagne says Author of the article: Bloomberg News Erik Hertzberg and Brian Platt A staff member of Huawei uses her mobile phone at the Huawei Digital Transformation Showcase in Shenzhen, China. Photo by Wang Zhao/AFP via Getty Images Article […]
The chancellor Rishi Sunak has called on businesses to ramp up investment in training and innovation to help alleviate a cost of living squeeze, in a speech to the country’s top business chiefs last night. Speaking to the Confederation of British Industry, Sunak said that while government investment had risen to its highest level since […]
The maker of Mr Kipling cakes and Bisto gravy has said it will have to raise its prices as the costs of wheat, dairy and energy soar. Alex Whitehouse, Premier Foods’ chief executive, said the company was facing inflationary pressures of more than 10 per cent within its business and that while it would try […]