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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
Octopus Energy profits fall amid surge in customers and renewables investment
The supplier’s customer base grew to 7.3 million across the UK in its most recent financial year, making it the country’s largest energy supplier.
By
Alex Daniel
5 Feb 2025
Business News
SSE produces 26% more clean power as it builds capacity
The energy giant said its output growth in renewable power generation had happened despite sometimes adverse weather late last year.
By
Alex Daniel
5 Feb 2025
Business News
Services job cuts rise as stagflation takes ‘a firmer hold’ of sector
The sector saw slight output growth in January, but firms reported that cost inflation rose to its highest rate since April 2024.
By
Alex Daniel
5 Feb 2025
Business News
FTSE 100 nudges down despite easing of Trump tariff fears
The blue-chip index was coming off its sharpest drop of 2025 so far the previous day.
By
Alex Daniel
4 Feb 2025
Politics
UK data chief calls for more cash to lift response rates amid faulty jobs survey
Office for National Statistics boss Sir Ian Diamond told MPs that he is ‘super hopeful’ about its work to improve the labour force survey.
By
Alex Daniel
4 Feb 2025
Business News
Financial watchdog in ‘denial’ of problems claim MPs in fresh criticism
A cross-party group of MPs renewed their criticism of the Financial Conduct Authority, as the watchdog denied claims it has not offered to meet them.
By
Alex Daniel
4 Feb 2025
Business News
FTSE 100 falls after Trump tariffs spark rollercoaster day for markets
British and European markets were rocked early on Monday following the imposition of new tariffs by the US president over the weekend.
By
Alex Daniel
3 Feb 2025
Business News
Factory activity falls again as rising costs and weak demand hit manufacturers
New orders and jobs continued to fall across the board, as firms warned that a weak economic outlook in the UK was hitting small factories hardest.
By
Alex Daniel
3 Feb 2025
Business News
UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts
The Bank of England’s top economists will meet on February 6 when forecasters predict they will cut the base interest rate to 4.5%.
By
Alex Daniel
2 Feb 2025
Business News
Wind farm giant Orsted’s chief executive quits
The Danish company is behind many of the UK’s offshore wind farms but has struggled with rising costs in other countries.
By
Alex Daniel
31 Jan 2025
Business News
Industrial giant Smiths Group bows to investor calls for break-up
The FTSE 100 firm is to offload two of its main businesses, after a US activist investment group said it needs to boost its share price.
By
Alex Daniel
31 Jan 2025
Business News
Barclays hardens stance on hybrid working as staff told to come into office more
The bank is the latest large company to roll back its flexible working policies brought in during the Covid-19 pandemic.
By
Alex Daniel
30 Jan 2025
Celebrity News
Lord Alan Sugar says people need to get ‘bums back into the office’
The Apprentice star, who owns a large portfolio of central London office buildings, made the comments in a BBC interview.
By
Alex Daniel
30 Jan 2025
UK
Mulberry has ‘neglected to connect’ with UK shoppers, says boss
Andrea Baldo said the luxury fashion company will focus more on ‘Britishness’ in future to counter a nosedive in profits.
By
Alex Daniel
30 Jan 2025
Business News
Mulberry pins hopes on ‘Britishness’ to restore plunging profit
The luxury handbag giant saw sales slump over Christmas, partly as a result of rapidly falling demand in its key Chinese market.
By
Alex Daniel
30 Jan 2025
Business News
Business groups welcome Reeves’ growth plans but remain ‘concerned’ about Budget
The Chancellor backed the expansion of Heathrow, and plans to turn Oxford and Cambridge into ‘Europe’s Silicon Valley’ in a bid to boost the economy.
By
Alex Daniel
30 Jan 2025
Business News
Shell raises dividend to shareholders as profit falls amid lower oil prices
The energy major said profits fell after a year of operating in ‘a lower price environment’, amid shrinking margins from its oil refining business.
By
Alex Daniel
30 Jan 2025
UK
Tesco to axe 400 jobs across shops and head office
Managers in its head office and Tesco Mobile phone shops, as well as staff at some of its in-store bakeries, will be affected.
By
Alex Daniel
29 Jan 2025
UK
Post Office cuts 100 jobs to fund subpostmaster pay after Horizon scandal
Acting chief executive Neil Brocklehurst said the move was ‘resetting’ the Post Office in a note to staff on Wednesday.
By
Alex Daniel
29 Jan 2025
Business News
Product availability still recovering after tech outage, says Morrisons
The UK’s fifth-largest supermarket chain said its recent turnaround progress was ‘set back’ by the issue.
By
Alex Daniel
29 Jan 2025
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