Business NEWS

Ofcom orders BT to make Openreach more independent

Ofcom has ordered BT to legally separate from its network division Openreach, which controls the UK’s broadband infrastructure. The telecoms regulator said on Tuesday that BT had “failed to offer voluntary proposals that … Continue reading “Ofcom orders BT to make Openreach more independent”


Business leaders reject proposed executive pay reforms

Prime Minister Theresa May has been urged to rethink her approach to reform of corporate pay and governance in the UK, just days after backtracking on proposals for worker representation in the boardroom. … Continue reading “Business leaders reject proposed executive pay reforms”


Morrisons to revive Safeway brand

Supermarket chain Morrisons plans to bring back the Safeway brand, the company revealed on Tuesday. The new Safeway-branded products will not be available in Morrisons’ own stores, but will be sold wholesale to … Continue reading “Morrisons to revive Safeway brand”


UK unemployment rate hits 11-year low

Employment in the UK rose by 49,000 in the three months to September 2016 and unemployment fell by 37,000 to 1.6 million, according to the latest labour market statistics. The Office for National … Continue reading “UK unemployment rate hits 11-year low”


Businesses put off investment after Brexit vote

A new study suggests that one third of British businesses have scaled back their plans for investment since the UK’s referendum on European Union membership. Hitachi Capital and the Centre for Economic and … Continue reading “Businesses put off investment after Brexit vote”


UK construction output weakest in four years

The UK construction industry recorded its weakest performance in four years in this year’s third quarter, according to new data from the Office for National Statistics (ONS). Construction output fell by 1.1% in … Continue reading “UK construction output weakest in four years”


ITV expects 7% drop in Q4 ad revenue

The John Lewis Christmas ad is out, which can mean only one thing: Christmas is on its way. The advert, featuring a dog on a trampoline, cost £1m million to make and the … Continue reading “ITV expects 7% drop in Q4 ad revenue”


M&S to cut clothing and home stores and boost space for Simply Food

Marks and Spencer is to close 30 British stores and another 53 in overseas markets, including China and France. The high street retailer said on Tuesday that it was planning to improve the … Continue reading “M&S to cut clothing and home stores and boost space for Simply Food”


UK businesses planning to put the brakes on investment

UK businesses are planning to scale back their investment in response to the post-referendum uncertainty about future demand and the weaker pound pushing up costs, according to two reports released on Monday. Manufacturers’ … Continue reading “UK businesses planning to put the brakes on investment”


UK fuel prices reach 15-month high

Petrol and diesel prices across the UK are at the highest level since July 2015, according to the RAC. The motoring group said on Thursday that October saw the biggest petrol price rise … Continue reading “UK fuel prices reach 15-month high”


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