Category: News

Amazon yesterday beat sales expectations for the last quarter of 2022 after a marketing blitz during the holiday period helped attract shoppers.

Jeremy Hunt has pledged to resist calls to cut taxes as interest rates hit a 15-year high of 4 per cent.

Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia’s invasion of Ukraine.

Senior retail figures have backed Sadiq Khan’s call to re-introduce VAT free shopping for tourists, claiming the move would make a “huge difference” to the sector.

The private equity investor Greybull Capital is considering a bid for the collapsed battery startup Britishvolt, as administrators at EY try to push through a sale of the gigafactory project.

British Steel, the Chinese-owned operator of the giant Scunthorpe steelworks, is planning to lay off 800 workers, about a quarter of the workforce.

Meta Platforms, owner of Facebook and Instagram, reassured Wall Street that its sales were holding up better than feared last night after its profits more than halved in the past quarter.

Tech Nation, the government-backed agency that has helped 5,000 technology companies to develop and grow, is closing its doors at the end of March, saying that it cannot continue without government funding.

The number of mortgages approved for house purchases fell at the end of last year to the lowest level since the financial crisis, outside of the pandemic, in early signs of a slowdown in the housing market that is expected to reduce prices.

PayPal announced plans to lay off about 2,000 employees, reducing its global workforce by 7 per cent, as it became the latest technology group to cut costs ahead of an expected slowdown.

Tesco has acquired the Paperchase brand out of administration in a deal that puts the future of 106 stores and 820 jobs at the gift and stationery retailer at risk.

Britain faces widespread disruption today as teachers join hundreds of thousands of public sector workers for the biggest day of strike action in more than a decade.

Barclays plans to launch a string of “banking pods” after recently announcing more branch closures.

Lidl has revealed plans to invest £4bn into British food businesses this year, as it charges ahead with growth plans.

The EU is stepping up its green subsidy race with the US through plans to loosen state aid rules on tax credits for renewable energy projects.