Category: Bussiness

UK will host major International Investment Summit on 14 October 2024 as it drives forward national mission for growth. Prime Minister to bring together up to 300 industry leaders to catalyse investment in the UK. Chancellor Rachel Reeves and Business and Trade Secretary Jonathan Reynolds will confirm UK is open for business. The UK will...

Wingstop, the quick-service chicken chain which is Britain’s fastest-growing restaurant operator, is hoisting a “for sale” sign over its UK business. Sky News has learnt that the company, which is majority-owned by the trio of entrepreneurs who brought it to Britain in 2018, has hired Goldman Sachs to find new owners. City sources said the...

Freetrade, the stock trading app set up to rival the likes of Hargreaves Lansdown, is to pull out of the Swedish market and focus its business solely on the UK. Sky News understands that Freetrade, which has about 750,000 customers in Britain, plans to inform customers on Friday that it is winding down operations in...

North Channel Wind, the company proposing to install floating wind turbines in the Irish Sea, welcomes the establishment of Great British Energy which it describes as a pivotal moment in the Northern Ireland’s journey towards a sustainable and secure energy future.   North Channel Wind director Niamh Kenny says the newly formed state-owned energy company marks...

The latest quarterly figures (Q4 covering January to March 2024) released by Network Rail Property have revealed a like-for-like (LFL) retail sales* increase of +23% across its Scottish retail portfolio at Edinburgh Waverley and Glasgow Central stations. During the same quarter, the British Retail Consortium (BRC) tracked 2% growth in like-for-like sales highlighting a strong...

Two of the largest City firms have joined forces to invest as much as £20bn of pension money in fast-growing UK businesses such as green energy, after government reforms designed to increase returns for savers and the British economy. Phoenix Group, the country’s largest savings and retirement business, and Schroders, the investment manager, announced the...

Greggs has said it plans to open dozens of new stores in the UK this year after reporting a jump in profits. The bakery chain said it achieved underlying pre-tax profits of £74.1m in the first six months of 2024, a 16% rise on the same time last year. Total sales also soared by nearly...

Global sales at the drinks multinational Diageo have declined for the first time since the Covid pandemic, although Great Britain bucked the trend thanks to a rise in the popularity of Guinness and related drinks. Sales increased 5% in Great Britain, a rise credited to the rise in popularity of the Irish stout and spin-offs...

Trade Secretary Jonathan Reynolds set to deliver trade negotiations with international partners, including the Gulf Cooperation Council and India  Government will launch new trade strategy to help deliver its growth mission, with UK businesses and economic growth at the centre  UK was the world’s 4th largest exporter in 2022, with British goods and services in...