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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
29 Jan 2025