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Category: Business

1431 stories found
North Sea jobs safeguarded as HMRC drops challenge to Petrofac rescue deal - north jobs
Business

North Sea jobs safeguarded as HMRC drops challenge to Petrofac rescue deal

Over 2,000 North Sea jobs are set to be saved after HMRC drops its challenge to Petrofac’s restructuring deal, clearing the way for a sale to CB&I. Read more: North Sea jobs safeguarded as HMRC drops challenge to Petrofac rescue deal

Mahdeehassan  |   |  4 mins read
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UK faces looming shortage of EV mechanics as transition gathers pace - faces looming
Business

UK faces looming shortage of EV mechanics as transition gathers pace

Britain faces a shortage of 44,000 EV-trained mechanics as electric vehicle adoption rises, with independent garages slow to invest in training. Read more: UK faces looming shortage of EV mechanics as transition gathers pace

Mahdeehassan  |   |  4 mins read
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Co-op chief executive steps down amid culture concerns and cyberattack fallout - co-op chief
Business

Co-op chief executive steps down amid culture concerns and cyberattack fallout

Co-op CEO Shirine Khoury-Haq is stepping down after reporting losses, a major cyberattack and allegations of a toxic workplace culture. Read more: Co-op chief executive steps down amid culture concerns and cyberattack fallout

Mahdeehassan  |   |  4 mins read
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Barclays pulls back from small business lending after private credit losses - barclays pulls
Business

Barclays pulls back from small business lending after private credit losses

Barclays is scaling back lending to smaller borrowers after losses linked to private credit firm collapses, shifting focus to larger corporate clients. Read more: Barclays pulls back from small business lending after private credit losses

Mahdeehassan  |   |  3 mins read
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Vodafone faces £85m High Court battle as franchise row sparks political scrutiny - vodafone faces
Business

Vodafone faces £85m High Court battle as franchise row sparks political scrutiny

Vodafone faces a landmark £85m High Court claim from franchisees alleging mistreatment, with MPs calling for tighter regulation of the UK franchise sector. Read more: Vodafone faces £85m High Court battle as franchise row sparks political scrutiny

Mahdeehassan  |   |  3 mins read
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ScottishPower secures £600m backing for major UK subsea power link - scottishpower secures
Business

ScottishPower secures £600m backing for major UK subsea power link

ScottishPower secures £600m from the National Wealth Fund for Eastern Green Link 4, a 2GW subsea cable boosting UK energy security and clean power capacity. Read more: ScottishPower secures £600m backing for major UK subsea power link

Mahdeehassan  |   |  4 mins read
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UK inflation holds at 3% ahead of expected post-war price surge - inflation holds
Business

UK inflation holds at 3% ahead of expected post-war price surge

UK inflation remained at 3% in February, but rising oil prices from the Iran conflict are expected to push inflation higher later this year. Read more: UK inflation holds at 3% ahead of expected post-war price surge

Mahdeehassan  |   |  4 mins read
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Blackrock chief warns $150 oil could trigger global recession - blackrock chief
Business

Blackrock chief warns $150 oil could trigger global recession

BlackRock CEO Larry Fink warns oil at $150 could trigger a global recession, as energy costs, inflation and geopolitical risks reshape the economic outlook. Read more: Blackrock chief warns $150 oil could trigger global recession

Mahdeehassan  |   |  4 mins read
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UK factory costs surge at fastest rate since black wednesday amid energy shock - factory costs
Business

UK factory costs surge at fastest rate since black wednesday amid energy shock

UK factory costs have risen at their fastest pace since 1992 as energy prices spike, with PMI data showing growth slowing sharply and inflation risks mounting. Read more: UK factory costs surge at fastest rate since black wednesday amid energy shock

Mahdeehassan  |   |  4 mins read
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Revolut posts record £1.7bn profit as it eyes UK credit card launch - revolut posts
Business

Revolut posts record £1.7bn profit as it eyes UK credit card launch

Revolut reports record £1.7bn profit and plans UK credit card launch after securing banking licence, as customer growth passes 70 million globally. Read more: Revolut posts record £1.7bn profit as it eyes UK credit card launch

Mahdeehassan  |   |  4 mins read
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