Business NEWS

Bank of England’s Monetary Policy Committee votes to keep Bank Rate at 0.5%

UK central bank the Bank of England announced on Thursday that its Monetary Policy Committee (MPC) meeting, held on 9 September 2015, the committee voted by a majority of 8-1 to maintain the Bank Rate … Continue reading “Bank of England’s Monetary Policy Committee votes to keep Bank Rate at 0.5%”


Barratt Developments’ final results indicate demand for new homes outstrips supply

UK residential property development company Barratt Developments plc released its full year financial results on Wednesday, which reveal continued growth in demand for new homes in Britain. The company reported profit before tax … Continue reading “Barratt Developments’ final results indicate demand for new homes outstrips supply”


Whitbread’s adoption of National Living Wage to hit Costa coffee prices

Whitbread PLC, the owner of the UK hotel chain Premier Inn and Costa coffee shops, announced on Tuesday that it is developing plans to adopt the governments national living wage policy, however it … Continue reading “Whitbread’s adoption of National Living Wage to hit Costa coffee prices”


Scottish firm secures government funding for green fuel technology using whisky by-product

The UK government’s Department for Transport revealed on Monday that Edinburgh-based Celtic Renewables has been awarded £11m in funding to develop greener fuel technology, which will use whisky by-product to be turned into transport fuel … Continue reading “Scottish firm secures government funding for green fuel technology using whisky by-product”


Confidence in UK car production boosted by Nissan’s £100 million investment in Sunderland factory

Japanese car manufacturer Nissan Motor Co Ltd is to make an investment of GBP100m in its Sunderland plant, securing at total of 34,000 jobs in both manufacturing and the supply chain into the next decade, it was … Continue reading “Confidence in UK car production boosted by Nissan’s £100 million investment in Sunderland factory”


Danish LEGO Group builds strong growth in global revenue

The LEGO Group published its half year results on Wednesday, which revealed that the learning development and educational toy manufacturer achieved global sales growth of 18% and delivered a turnover of DKK14,142m in … Continue reading “Danish LEGO Group builds strong growth in global revenue”


UK Government to introduce tough fines for companies that fail to pay national living wage

British Prime Minister David Cameron has said that the government will fine unscrupulous employers who do not pay their staff the national living wage, it was reported on Tuesday. The government’s crackdown on national living … Continue reading “UK Government to introduce tough fines for companies that fail to pay national living wage”


Bailiff’s came knocking for 2.1 million UK council debts last year

Overall bailiff use by local authorities has increased by 16% in the last two years, with councils referring 2.1 million debts to bailiffs in the last year, according to research released on Thursday by … Continue reading “Bailiff’s came knocking for 2.1 million UK council debts last year”


Betfair and Paddy Power plan to merge

UK betting and gaming company Betfair and Irish bookmaker Paddy Power have announced plans for possible a GBP5bn merger deal that would create one of the world’s largest gambling firms. It was reported on Wednesday … Continue reading “Betfair and Paddy Power plan to merge”


BT Sport secures the live rights to the 2017-18 Ashes cricket series

Live rights to the 2017-18 Ashes cricket series have been secured by Broadcaster BT Sport, as part of a five-year deal with Cricket Australia, it was reported on Monday. England won the Ashes series … Continue reading “BT Sport secures the live rights to the 2017-18 Ashes cricket series”


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