M&S reports strong profit for first half
Marks and Spencer has returned to profit and said its turnaround plan was starting to pay off. The high street retailer reported pre-tax profit of £187.3m for the six months…
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Day 3 of Kleiman v Wright Civil Trial: A Morning Recap
It is Day 3 of the Kleiman v Wright civil trial, and while no game-changing evidence has been submitted so far, the plaintiff presented three witnesses during the morning session.…
Household incomes expected to remain below pre-pandemic levels for two years
UK households will remain worse off than before the pandemic for another two years, according to the Office for Budget Responsibility (OBR). Charlie Bean, a former Bank of England deputy…
Biggest UK firms required to reveal climate risks
New rules will make it compulsory for the UK's biggest companies to disclose climate-related financial information, ensuring they consider the risks and opportunities they face as a result of climate…
Brewing and pub sector calls for lower taxes to support recovery
Small independent breweries in the UK are struggling in the face of rising costs for essential materials such as fuel, CO2, energy, bottles, cans and packaging, according to an industry…
Premier Inn sees faster than expected recovery
Premier Inn owner Whitbread has seen a strong rebound after lockdown, with its performance in the six months to the end of August ahead of expectations. The budget hotel chain's…
Petrol prices hit record high
UK petrol prices have climbed to their highest level to date, according to the RAC. The price of unleaded petrol has jumped by 28p a litre to 142.94p, from 114.5p…
Bank of England could raise interest rates next month
The governor of the Bank of England has given his clearest hint yet that interest rates may soon rise. Speaking at an online panel discussion on Sunday, Andrew Bailey said…
Chip shortage hits new car sales in key month of September
New car registrations in the UK have fallen to their lowest levels for more than two decades, according to new data. The Society of Motor Manufacturers and Traders (SMMT) said…
Next calls for ‘demand-led approach’ to staff shortages
Next has called on the UK government to act over the shortage of workers in many industries. The high street retailer said that some areas of its business were "beginning…
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