Category: Bussiness

Nadhim Zahawi, the former Conservative chancellor, is assembling a £600m bid for The Daily Telegraph that could up-end the auction of some of Britain’s most influential media assets. Sky News has learnt that Mr Zahawi, who left parliament in May after opting not to stand again in his Stratford-on-Avon seat, has approached a number of...

The owner of Homebase is in talks about selling the DIY retailer to one of Britain’s biggest general merchandise chains, as it prepares to launch a wider auction of the business it rescued six years ago. Sky News has learnt that Hilco Capital, which took control of an ailing Homebase in 2018, has had an...

Retail sales in Great Britain slumped in June by more than forecast as cautious households reined in their spending amid poor weather, election uncertainty and the cost of living crisis. Figures from the Office for National Statistics (ONS) show retail sales volumes were estimated to have fallen by 1.2% in June, after a rise of...

23 hours ago By Harrison Jones, BBC News Getty Images Cultivated chicken is expected to soon be found in UK pet food (file picture) The UK has become the first European country to approve putting lab-grown meat in pet food. Regulators cleared the use of chicken cultivated from animal cells, which lab meat company Meatly is planning...

Rail unions have said Britain’s trains will be “run as a public service, not for private profit”, as the new government announced early steps to renationalise the railways in the king’s speech. Labour will renationalise rail with two separate bills, decoupling laws to take train services into public ownership from more complex legislation to set...

The chances of an August interest rate cut have taken a blow after a sharp jump in hotel prices meant progress in the UK’s fight against inflation stalled last month. A near 9% jump in the cost of a hotel room – blamed by some analysts on a “Taylor Swift effect” – offset the impact...

There has been no change to the rate of inflation which remained at 2%, the target rate for the Bank of England, according to official figures. It means prices in June rose at the same rate as in May, data from the Office for National Statistics showed. Money latest: Number of people claiming non-dom status...

Falling inflation, football fans and fake tan drove supermarket shopping in recent weeks, when improving consumer confidence and excitement around the men’s Euros tournament were only slightly dampened by wet weather. Sales at supermarkets increased by 2.2% year on year over the four weeks to 7 July, with football fans driving up purchases of beers,...

The International Monetary Fund has confirmed that it is expecting the UK economy to grow faster than previously expected this year. The Washington-based fund, which was predicting only last October the UK would be the slowest of all the G7 nations this year, now expects it to be firmly in the middle of the pack....