Business NEWS

UK Government sets out plans for sugar tax on soft drinks

Draft legislation published in the UK on Monday could increase the price of a can of fizzy drink by 8p. The UK Government said that the levy will apply to the production and … Continue reading “UK Government sets out plans for sugar tax on soft drinks”

UK construction activity reaches eight-month high

Construction firms in the UK have continued to rebound from a post-referendum weak patch, according to industry figures released on Friday. The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) showed that business activity … Continue reading “UK construction activity reaches eight-month high”

Ofcom to examine landline prices

All major landline providers in the UK have increased their line rental charges significantly in recent years, according to Ofcom. The telecoms regulator announced on Thursday that it will review the retail market … Continue reading “Ofcom to examine landline prices”

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”

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