House prices rose for the twelfth month in a row in June, defying expectations of a slowdown. Strong demand and a shortage of homes for sale pushed average prices up by 1.8 per cent over the month, the biggest rise since early 2007. Annual growth of 13 per cent was the highest since late 2004. […]
Borrowers may face bigger interest rate rises in the coming months as Bank of England officials prepare to speed up monetary tightening over stagnation fears. Huw Pill, the central bank’s chief economist, said he was willing to adopt a “faster pace” of tightening than the Bank had implemented in the past few months. The Bank […]
The competition watchdog is formally examining Amazon’s treatment of the third-party sellers that use its retail platform. The investigation by the Competition and Markets Authority (CMA) will look at whether the technology giant has a “dominant position in the market” and whether it uses this to give an unfair advantage to its own business and […]
As many as one in ten adults in Britain have bought crypto assets such as bitcoin, far more than was previously thought. Research commissioned by HM Revenue & Customs found that about 6.7 million adults owned or have bought crypto assets. This is almost three times higher than estimates from the Financial Conduct Authority, the […]
Energy rationing could be on the cards this winter, with British factory owners suffering constraints to their energy supplies. There are growing fears Russia could strategically cut off gas into Europe, with Kremlin already halting supplies into multiple companies and countries across the continent which refused to pay for gas in roubles. The rouble requirement […]
Cyber security experts have urged UK organisations to prepare for an extended period of heightened threat in relation to the Russia-Ukraine conflict as they published new guidance aimed at supporting staff resilience. The guidance from the National Cyber Security Centre (NCSC) – a part of GCHQ – is the latest in a series of interventions […]
The co-founder of the ‘Veganuary’ has launched a £30m investment vehicle today designed to spur growth in firms developing meat-free animal alternative products. London-headquartered Sentient Ventures, headed up by Veganuary co-founder Matthew Glover, venture investor Alexandra Clark, and former investment banker Manish Karani, will pump early-stage growth capital of between £500,000 and £2.5m into plant- […]
DHL said this morning the logistics giant plans to invest more than £190m into creating 10 new collection and delivery depots across the UK, and expanding 20 existing sites, which will create 3,500 jobs. The investment forms part of DHL’s plan to expand its UK e-commerce operation – DHL Parcel UK – through a £482m […]
Floating windfarms could be built off the coasts of Cornwall and Pembrokeshire after the Queen’s property manager identified a clutch of sites in the Celtic Sea that could host them. The crown estate, which generates money for the Treasury and the royal family, has published five “areas of search” that will be narrowed into development […]
Chinese SUV maker Great Wall Motors is set to abandon its businesses in India as it prepares to hit the road to Brazil, where the company has pledged to invest Rs 15,790 crore. The company has reportedly laid off its employees deployed at its headquarters in India. The 11 employees have been given pink slips, […]