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.
By Alex Daniel
17 Apr 2025
London
Lindt’s central London chocolate ‘paradise’ opening date revealed
The flagship Piccadilly location will feature three master chocolatiers working in-store and the UK’s largest Lindt pick and mix
By Alex Daniel
24 Feb 2025
Business News
B&M slashes profit forecast amid ‘uncertain’ economy as CEO plans to retire
Chief executive Alex Russo said he will step down in April as the retailer issued a profit warning for the current financial year.
By Alex Daniel
24 Feb 2025
Business News
British Airways owner to reveal soaring profit after strong travel demand
More people wanted to travel while fuel bills fell last year, helping BA’s parent company International Airlines Group to a strong expected profit.
By Alex Daniel
23 Feb 2025
Celebrity News
Time Out losses widen as it blames UK and US elections for slowing ad sales
Time Out makes most of its money from its food markets, but said its media operation did fewer deals because of election uncertainty.
By Alex Daniel
21 Feb 2025
Business News
Food shopping pushes January retail sales up 1.7%
The figures mark a partial bounce back after the retail sector suffered a downbeat December trading period last year.
By Alex Daniel
21 Feb 2025
Business News
Government posts record borrowing surplus in January amid rise in tax receipts
The £15.4 billion surplus is more than the figure seen a year ago and is the largest since monthly records began in 1993.
By Alex Daniel
21 Feb 2025
Business News
FTSE 100 falls after plunging consumer confidence report
Polling by the British Retail Consortium found expectations for the economy worsened for the fifth consecutive month in February.
By Alex Daniel
20 Feb 2025
Money
Reeves says she wants ‘right balance’ on cash Isa deposit limits
The Chancellor is reportedly mulling over a reduction to the £20,000 annual limit that people can put into cash Isa savings accounts.
By Alex Daniel
20 Feb 2025
Business News
BP investors demand vote on any plans to scrap climate goals
The oil giant is expected to go back on a promise to reach net zero carbon emissions by 2050 at a strategy meeting next week.
By Alex Daniel
20 Feb 2025
Business News
Plunge in European hiring sinks profit at recruitment giant Hays
It saw a 17% drop in fees in the UK over the six months to December 31.
By Alex Daniel
20 Feb 2025
Environment
Ofgem reveals ‘low or no standing charge’ energy tariff plan to help cut bills
Standing charges are applied daily, regardless of how much energy the customer uses, and many campaigners say they affect vulnerable customers more.
By Alex Daniel
20 Feb 2025
Business News
FTSE 100 slides after higher inflation dampens rate cut hopes
The rise caused City traders to reduce their bets on interest rates being cut later this year by the Bank of England.
By Alex Daniel
19 Feb 2025
Business News
Arms maker BAE Systems cites ‘growing threats’ to security amid record profit
BAE Systems, which is the biggest military supplier to the UK Government, has benefited from a global ramp-up in defence spending.
By Alex Daniel
19 Feb 2025
Business News
FTSE 100 treads water after Andrew Bailey’s ‘weak growth’ warning for UK
The Bank of England governor also cautioned over the impact of ‘global fragmentation’ on the world economy as markets were broadly flat.
By Alex Daniel
18 Feb 2025
Business News
Energy price cap set to rise in April, according to forecast
Energy consultancy Cornwall Insight said it expects the typical household energy bill will rise by 5%, or £85.
By Alex Daniel
18 Feb 2025
Business News
What does Thames Water’s £3 billion rescue loan deal mean for customers?
The PA news agency explains why Thames Water needs emergency money and what happens next.
By Alex Daniel
18 Feb 2025
UK
Parents could save £300 a year on baby formula amid high prices, says watchdog
Regulators said the NHS could have its own non-brand baby formula to help push prices down, while also calling for a removal of branding in hospitals.
By Alex Daniel
14 Feb 2025
Business News
Wood Group extends cost-cutting drive and cancels employee bonuses
The company, which has more than 6,000 staff in the UK, declined to comment on whether the savings plan would include job cuts.
By Alex Daniel
14 Feb 2025
Business News
Hedge fund’s BP stake worth £3.8bn as firm expected to ditch green promises
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
By Alex Daniel
14 Feb 2025
Business News
Thames Water asks watchdog to let it charge even higher bills
It said steeper increases than the 35% already granted over the next five years is ‘in the interests of our customers and the environment’.
By Alex Daniel
14 Feb 2025