Category: News

Shoe Zone blames the recent budget for soaring costs as it plans to close unviable stores. The footwear retailer warns of lowered profits and consumer confidence in the wake of policy changes.

Japan’s Honda and Nissan are reportedly in talks to merge under a single holding company. The deal, potentially involving Mitsubishi, aims to bolster competitiveness against booming Chinese EV makers and global industry consolidation.

Spanish state-owned shipbuilder Navantia is poised to rescue Harland & Wolff in a £70 million deal. The move is expected to secure over 1,000 UK jobs and stabilise one of Britain’s most historic shipyards.

Barclays loses a key court challenge over car finance mis-selling, paving the way for billions in compensation claims and intensifying scrutiny across the industry.

Smaller UK exporters suffer disproportionately from post-Brexit trade barriers, contributing to a £27bn fall in goods sales to the EU. Larger firms adapt more easily, while Labour hints at a “reset” in EU relations.

UK inflation hit 2.6% in November, exceeding expectations and intensifying pressure on the Bank of England to keep interest rates steady. Rising fuel costs and robust wage growth complicate the chancellor’s fiscal plans.

Billionaire Guy Hands’ Annington sells 36,000 military homes to the UK’s Ministry of Defence for £6bn, ending a long legal battle and bringing housing back into public ownership.

UK chancellor Rachel Reeves may be forced into emergency tax hikes by spring if the economy worsens. As businesses shed jobs and growth stalls, experts warn the government’s fiscal targets could trigger urgent measures.

UK private sector hiring has fallen at its fastest rate since the global financial crisis (excluding pandemic disruptions), compounding fears that the economy may be edging closer to recession.

The Business Secretary is facing accusations of failing to fully engage with Vauxhall’s parent company Stellantis ahead of its decision to close the van-making plant in Luton—a move that puts up to 1,100 jobs at risk.

Royal Mail will change hands after 500 years of British ownership as Czech billionaire Daniel Kretinsky completes a £3.6bn takeover. The Government keeps a “golden share”, staff gain dividend rights and unions welcome a “fresh start”.

Chancellor Rachel Reeves’s clampdown on inheritance tax relief for family businesses and farms risks a £1bn net loss to the Treasury, economists say, amid warnings of job cuts, reduced investment and a looming recession.