Royal Mail is to lose its 360-year-old monopoly on delivering parcels from Post Office branches, after concerns about poor quality of service persuaded the postal service to sign deals with rivals Evri and DPD in the run-up to Christmas.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Elon Musk reinstates Katie Hopkins and Tommy Robinson to his social platform X
Elon Musk’s X has reinstated the accounts of far-Right influencers Katie Hopkins and Tommy Robinson, reversing lifetime bans on the pair imposed by the social network’s previous ownership.
ICO apologises to former NatWest boss Alison Rose over Farage inquiry
The UK data watchdog has apologised to former NatWest head Dame Alison Rose for suggesting she breached privacy laws following a probe into the closure of Nigel Farage’s bank account.
British Steel plans to shut furnaces putting up to 2,000 jobs at risk
British Steel has confirmed it plans to close down its blast furnaces in Scunthorpe, putting up to 2,000 jobs at risk.
Businesses expect taxes to rise after general election
More businesses expect taxes to rise rather than fall after the next general election, according to research from accountancy and business advisory firm BDO.
October new car market beats pre-pandemic levels but subdued EV growth hinders green goals
October’s new car market grew by 14.3% to reach 153,529 registrations, 7.2% above pre-pandemic levels and marking the best performance for the month since 2018,1 according to the latest figures from the Society of Motor Manufacturers and Traders.
WH Smith launches buy-back scheme for secondhand books
WH Smith has launched a buy-back service for used books, offering readers vouchers in exchange for their secondhand volumes.
Record sales drive Jaguar Land Rover into fast lane
Jaguar Land Rover has hauled itself into the black and raised its full-year outlook after record sales in the first six months of the year.
Shell posts $6.2bn profit as oil prices rise again
Oil and gas giant Shell has posted strong profits helped by oil prices rising again.
Bank of England holds Interest at 5.25% again
Interest rates are expected to be left unchanged as the Bank of England looks to balance the impact of higher rates on the UK economy.
Thousands of jobs in balance as decision on Tata Steel Port Talbot’s future delayed
An expected announcement on the future of the country’s biggest steel plant has been delayed at the last minute, leaving the future of thousands of Welsh steelworkers in the balance.
Aston Martin cuts volume targets after production delays
Delays in the production of its new DB12 model have led Aston Martin Lagonda to cut volume targets for the year.
WeWork could be filing for bankruptcy within days
Troubled office-sharing firm WeWork may file for bankruptcy as early as next week, according to US media reports.
Surprise in month on month house prices rise suggests property market beginning to stabilise
House prices in October were 0.9 per cent higher than in September, figures from lender Nationwide showed before the Bank makes its interest rate call tomorrow. .
Government ‘removes state guarantees from almost £1bn in Covid loans’
The UK government has reportedly removed state guarantees from almost £1bn in Covid-19 emergency loans, pushing potential losses on to banks if borrowers fail to repay them.
