Alex Daniel
Business News
Renewables rollout making UK electricity supply ‘more British’, analysis finds
Wind and solar have already reduced the reliance on foreign gas imports in recent years, experts said, as Labour’s clean power push ramps up.
By Alex Daniel
21 Apr 2025
Business News
Lloyds and Close Brothers shares surge after Reeves steps in on car finance case
The lenders are two of the biggest players in the car loans sector and could be saddled with billions in combined compensation costs.
By Alex Daniel
22 Jan 2025
Business News
Competition watchdog chairman ‘ousted’ by Government
Marcus Bokkerink left his post as chairman of the Competition and Markets Authority, after criticism the watchdog was not focused enough on growth.
By Alex Daniel
21 Jan 2025
Business News
Shares rise as traders try to interpret Trump policies
Stock markets on both sides of the Atlantic rose on Tuesday after the inauguration the day before.
By Alex Daniel
21 Jan 2025
Business News
FTSE 100 reaches new record high as markets wait for Trump return
The dollar fell on Monday amid reports Mr Trump would not sign trade tariffs into law on his first day back in the White House.
By Alex Daniel
20 Jan 2025
Business News
Nine-in-10 people ‘as worried’ about paying energy bills as last year
Energy bills rose again in January, as the new polling prompted fresh calls for a social tariff to help consumers.
By Alex Daniel
20 Jan 2025
Business News
Britain risks clean power skills shortage, says Siemens Energy UK boss
The head of the UK’s biggest wind turbine maker said the sector will need about 500,000 more skilled workers amid the push towards net zero.
By Alex Daniel
20 Jan 2025
Business News
William Hill parent company turnaround ‘working’ as profit set to beat forecasts
Evoke, which also owns the 888 gambling brands, expects to see booming revenue growth for the final part of 2024.
By Alex Daniel
17 Jan 2025
Business News
DFS profits rise but warns of rising costs post-Budget and weaker sofa demand
The furniture group said it expects to see an increase in costs this year, in part due to business tax rises announced in the October Budget.
By Alex Daniel
17 Jan 2025
Business News
Luxury stocks rally globally amid signs of recovery in demand
Watches of Switzerland and Burberry’s share prices climbed after Cartier-owner Richemont posted booming sales.
By Alex Daniel
16 Jan 2025
Business News
BP to axe 4,700 jobs globally amid cost-cutting drive
The oil giant, which announced the cuts in a staff memo, has about 90,000 workers globally and 14,000 in the UK.
By Alex Daniel
16 Jan 2025
Business News
Whitbread sales drop as it converts restaurants to hotel rooms
Whitbread saw a 2% dip in quarterly sales amid a £500 million revamp of its estate of restaurants across the UK.
By Alex Daniel
16 Jan 2025
Politics
Evri accused of employing people on ‘slave drivers contract’
A director repeatedly refused to recognise whistleblower complaints read to him by MP Liam Byrne during a business and trade committee session.
By Alex Daniel
15 Jan 2025
Politics
Sizewell C nuclear plant costs ‘could double to nearly £40bn’
The Government and Sizewell C distanced themselves from the new estimate, which would signal a doubling in price since 2020.
By Alex Daniel
14 Jan 2025
Business News
Games Workshop profits surge amid video games and Amazon TV deals
The retailer, which makes Warhammer figurines, completed its once-unlikely ascent to the FTSE 100 in December.
By Alex Daniel
14 Jan 2025
Business News
CBI boss says Labour has ‘bruised’ trust of businesses after Budget
Rupert Soames said companies will ‘let people go’ before Labour’s new Employment Rights Bill comes into force.
By Alex Daniel
14 Jan 2025
Business News
FTSE falls as gilt yields keep rising and dashed US rate cut hopes hit stocks
A combination of rising borrowing costs and dashed hopes of an imminent rate cut in the US hit London’s premier stock index.
By Alex Daniel
14 Jan 2025
Celebrity News
Indie bookshops ‘buck the trend’ of retail gloom as store numbers stay high
Booksellers have increasingly moved to make their shops ‘warm, welcoming and experiential’ places to get customers through the doors.
By Alex Daniel
13 Jan 2025
UK
UK has 'healthy' gas supplies despite concerns over low storage levels
National Gas said Britain is ‘well placed’ to respond to winter demand.
By Alex Daniel
11 Jan 2025
Business News
Why are UK gas stores lower than usual, and how is the overall supply looking?
Amid concerns over stored gas capacity during the latest cold snap, the PA news agency explains why we are not running out of gas.
By Alex Daniel
10 Jan 2025
Business News
UK borrowing costs hover just below recent highs
The yield on 10-year gilts reached highs on Friday that were just below the post-2008 peak seen earlier in the week.
By Alex Daniel
10 Jan 2025