Alex Daniel

Business News

Unilever to update on turnaround under new boss amid mounting trade pressure

The company is midway through a major turnaround plan which involves 7,500 previously announced job cuts and selling its ice cream division.
17 Apr 2025
Business News

Deliveroo order growth improves but customer numbers remain sluggish

Founder Will Shu described it as a ‘strong start’ to the year but said he was ‘mindful’ of growing economic uncertainty.
17 Apr 2025
Business News

Strava buys London-based running app Runna

Runna was launched in 2022 by former McKinsey consultant Dom Maskell and running trainer Ben Parker.
17 Apr 2025
Business News

No end in sight for hiring market slump, says recruitment giant Hays

Hays said conditions are set to remain ‘challenging’ into its 2026 financial year, as firms continued putting the brakes on hiring.
16 Apr 2025
Business News

Barratt Redrow forward sales slump as uncertainty grows

Homebuilders have struggled in recent years after skyrocketing inflation sent mortgage rates higher.
16 Apr 2025
Business News

WH Smith travel profits surge as company prepares to sell high street arm

The historic retailer announced last month that it is selling its high street business to a private equity firm in a £76 million deal.
16 Apr 2025
Business News

Energy watchdog boss vows less ‘heavy handed’ approach to regulating suppliers

Ofgem chief executive Jonathan Brearley was speaking weeks after the Chancellor vowed to cut red tape across the UK to promote growth.
15 Apr 2025
Business News

Ofgem scraps years-long queue of ‘zombie’ grid projects

The energy regulator said it will connect new wind and solar farms to the grid faster under new rules.
15 Apr 2025
Business News

Business confidence sinks as firms weigh twin impact of US tariffs and tax rises

A poll of UK bosses indicated that sentiment is at its lowest point since late 2022, when inflation was surging to historically high levels.
15 Apr 2025
Business News

Halfords appoints new boss as ‘very challenging’ retail market unlikely to ease

The group hailed rising sales last year, but added that it has been forced to mitigate £23 million in rising costs and taxes from the October budget.
15 Apr 2025
UK

FTSE 100 surges and global markets rise after Trump’s tech tariff reprieve

Investors welcomed a carve-out benefiting companies such as Apple, despite White House officials downplaying the significance of the exemptions.
14 Apr 2025
Business News

Sheilas’ Wheels owner bought by Belgian insurer in £1.3bn deal

Esure has been bought by Ageas, as the Belgian group looks to get more exposure to the UK personal lines insurance market.
14 Apr 2025
Business News

UK economy grows faster than expected in February as Trump tariff threat looms

The figures are a positive for Labour, but economists said growth will likely be hampered by the US trade war in the coming months.
11 Apr 2025
Business News

UK exports to US grew by £500m in February ahead of Trump tariffs

Analysts said there were ‘clear signs’ UK firms were looking to sell more goods before the US slapped costly tariffs on British imports.
11 Apr 2025
Business News

UK economy grows by 0.5% in February in surprise boost for Labour

The figures are good news for Labour, which has made growing the economy its key priority since winning the election last year.
11 Apr 2025
Business News

Trump tariffs likely to hit UK growth, warns Bank of England policymaker

Deputy governor for financial stability Sarah Breeden added that it is ‘not clear-cut’ what effect the new trade policy will have on inflation.
10 Apr 2025
Business News

Supermarket price war heats up as Tesco cites ‘very competitive market’

Chief executive Ken Murphy also refused to rule out fresh job cuts as the supermarket targets a further £500 million in savings this year.
10 Apr 2025
Business News

Tesco predicts lower profit as supermarket price war mounts

The supermarket said on Thursday that it has seen a ‘further increase in the competitive intensity’ across the industry.
10 Apr 2025
Business News

UK 30-year gilt yields reach highest point since 1998 amid Trump tariff fallout

The US president’s trade policies caused turbulence on financial markets this week, but a bond market sell-off has sparked fresh concerns.
9 Apr 2025
Business News

Recruiter PageGroup to slash leadership team in £15m cost-cutting drive

The London-listed firm also declined to give financial forecasts for the coming months because of uncertainty caused by Donald Trump’s tariffs.
9 Apr 2025
Business News

Hilton Foods sees profit jump despite ‘uncertain’ market

The food supply giant said it saw a surge in UK and Europe sales in 2024 and is eyeing expansion into Saudi Arabia next year.
8 Apr 2025