BP takes 40% stake in Australian renewables project
BP is investing in a solar, wind and green hydrogen project in Western Australia. The oil giant has agreed to acquire a 40.5% equity stake in the Asian Renewable Energy…
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Average UK wages fall as prices rise
Pay increases are failing to keep pace with the rising cost of living, the Office for National Statistics (ONS) has said. The latest figures show that after taking inflation into…
UK banks no longer ‘too big to fail’, says BoE
The UK's top banks are no longer "too big to fail" in any future crisis, according to the Bank of England. A new assessment by the central bank considered whether…
Average cost of a tank of petrol hits £100 for first time
The average cost of filling a 55-litre family car has passed the £100 mark as fuel prices continue to rise. Figures from the RAC show that refuelling at UK forecourts…
Low fares hold back profit recovery at National Express
National Express has said that efforts to keep its fares affordable for customers in the UK will slow the pace of its margin recovery. It comes as consumers face the…
High street boosted by Jubilee crowds
Shops across the UK saw an increase in customer numbers over the Platinum Jubilee weekend. Footfall increased by 6.9% compared with the average for May 2022, according to BRC-Sensormatic IQ…
Retail inflation highest for over a decade
Shop prices in the UK are continuing to climb, and experts have warned that the situation for consumers will "get worse before it gets better". Annual shop price inflation rose…
Hybrid working ‘here to stay’
More than 8 in 10 people who worked from home during the pandemic say they plan to work both from home and in the workplace (“hybrid work”) in the future.…
Online sales tax would harm high street, says M&S
A proposed sales tax on online transactions would be counter-productive, according to Marks & Spencer. Responding to a UK government consultation, the retailer said that a new online tax would…
More job vacancies than unemployed
For the first time since records began, there are more job vacancies than unemployed people in the UK. The latest report from the Office for National Statistics (ONS) shows that…
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