Business NEWS

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”


UK inflation set to reach 4% next year

Consumer price inflation in the UK is set to accelerate next year, according to the National Institute of Economic and Social Research (NIESR). The think tank said on Wednesday that it expects the … Continue reading “UK inflation set to reach 4% next year”


Small manufacturers expect increase in export order

A net 4% of small and medium-sized (SME) manufacturers are more optimistic about their business situation, according to a survey by the CBI. The business group reported on Tuesday that optimism has edged … Continue reading “Small manufacturers expect increase in export order”


Businesses urged to get ready for 12-sided pound coin

The UK Government and Royal Mint have launched a campaign to raise awareness of the new one-pound coin amongst retailers and other major businesses. On Monday a new website was launched at http://www.thenewpoundcoin.com, … Continue reading “Businesses urged to get ready for 12-sided pound coin”


UK should keep its options open over Brexit, says Tony Blair

It’s four months since the UK voted to leave the European Union, but the debate is not over yet. Former Prime Minister Tony Blair said on Friday that the country should keep its … Continue reading “UK should keep its options open over Brexit, says Tony Blair”


Union welcomes Nissan commitment to Sunderland plant

Unite, Britain’s largest trade union, has welcomed Nissan’s decision to build two new cars at its Sunderland plant. The car maker announced on Thursday that it will produce the next Qashqai and will … Continue reading “Union welcomes Nissan commitment to Sunderland plant”


UK earnings figures show fastest rise for low-paid

Pay inequality in the UK narrowed between April 2015 and April 2016, according to figures released on Wednesday by the Office for National Statistics (ONS). Provisional data reveals that weekly earnings for full-time … Continue reading “UK earnings figures show fastest rise for low-paid”


Retailers closing 15 shops a day on Britain’s high streets

Retailers in Great Britain closed 2,656 shops in the first six months of 2016, a rate of 15 stores a day, according to figures published on Tuesday. This is a slight increase on … Continue reading “Retailers closing 15 shops a day on Britain’s high streets”


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