Wages are still rising but at a slower pace as the unemployment rate surprisingly fell, according to official figures. Pay, excluding bonuses, grew by 5.4% in the three months to June, less than the 5.8% experienced a month before, data from the Office for National Statistics (ONS) showed. Money blog: Heinz urged to bring back...
Category: Bussiness
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Bandwidth boost for 70,000 homes and businesses as UK Government vows to fix broadband divide in Wales
First UK Government contract signed in Wales under monumental new deal to end plight of poor broadband, as the nation records lowest levels of gigabit connectivity UK Government to make around £170 million available to deliver digital infrastructure fit for the future and ensure rural businesses can thrive in Wales Deal struck with Openreach will...
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Bharti dials up UK telecom play with $4 billion stake in BT Group
Sunil Bharti Mittal, Chairman, Bharti Enterprises 5 min read Last Updated : Aug 12 2024 | 11:00 PM IST Bharti Global, the international investment arm of Bharti Enterprises, has decided to buy 24.5 per cent equity in BT Group — a move that will make the Indian conglomerate the biggest shareholder in the UK’s...
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Disney plans to spend $5bn in regions including the UK after Deadpool & Wolverine success
Disney plans to spend $5bn (£3.9bn) on making blockbuster films and TV shows in regions including the UK over the next five years. The entertainment giant is said to have been buoyed by the success of its superhero comedy Deadpool & Wolverine, which was made at Pinewood Studios in Buckinghamshire. The recent release, starring Hugh...
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British Airways halts flights to Beijing
British Airways (BA) has announced it is scrapping flights between London and Beijing. The carrier said it was “pausing” its service from the end of October until at least November next year. Flights to Shanghai and Hong Kong will continue, BA added. It comes amid weaker demand and a ban on UK flights over Russian...
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Britain is open for business: Chancellor visits North America in investment drive
Chancellor to share her vision for growth and champion UK sectoral strengths across financial services, clean energy and infrastructure to investors and CEOs. Trip to build momentum for the International Investment Summit on 14 October. Chancellor Rachel Reeves on 5 August set off on a visit to New York and Toronto with the message that...
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Businesses can’t ignore the violence on UK streets – London Business News | Londonlovesbusiness.com
With a wave of far-right violence sweeping the UK, many employees from ethnic minority groups are feeling distressed, on edge, and even afraid to leave their homes. Many more are concerned for friends and loved ones and devastated by the racist rhetoric being shared around them. Businesses simply cannot just carry on as normal. Watch...
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London and South East warned of net zero blackouts
Jason Mann, an energy expert at FTI Consulting who carried out a study for the Government on the electricity market last year, warned that balancing the South East would become increasingly difficult in the coming years as the grid grows more constrained. He said: “As we go to a more intermittent renewables-based system, the challenges...
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North-east seafood chiefs make ‘crisis’ plea to UK leaders – Aberdeen Business News
THE incoming Labour Government is being called upon to swiftly revise its immigration policies to assist the North-east seafood industry, which is currently facing a severe crisis. Brexit and the Covid-19 pandemic have taken away vital immigrant labor from the sector. Previously, these individuals constituted a significant portion of the workforce, with over 75% at...
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HSBC lures top British diplomat amid geopolitical headwinds
HSBC Holdings has lured one of Britain’s top diplomats to fill one of its most senior executive roles as it braces for an intensification of global geopolitical headwinds. Sky News has learnt that David Quarrey CMG, who has served as the UK’s permanent representative to NATO since April 2022, is leaving the diplomatic service to...
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One of Britain’s oldest shop keepers sells business after break in saw priceless items stolen
One of Britain’s oldest shopkeepers has put his business up for sale after ‘priceless’ antiques were looted from the premises during a break-in. Ninety-seven-year-old George Gillman’s shop in Newton Abbott had the front of his shop shattered and £6,000 worth of goods stolen in the burglary. Mr Gillman, a war veteran, said the jewellery that...
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UK food industry says lack of testing capacity forcing imports back to EU for checks
Imported food coming into the UK through Brexit border posts is being sent back to Europe to be tested due to a lack of laboratory capacity in Britain, food bodies have said. The SPS Certification Working Group, which represents 30 trade bodies covering £100bn worth of the UK’s food supply, has written to the government...