The cost of filling up a family car in the UK increased by about £2 this month as the jump in the oil price caused by the Red Sea attacks is felt at the pumps. In the three weeks to 18 February petrol increased by 3.2p to 143.4p a litre, while diesel rose by 4p … Read more
(NewsNation) — Online shopping and in-person shopping used to be different experiences, but retailers are increasingly blending the two to make the most of their brick-and-mortar locations. For more than a decade, online juggernauts like Amazon have accelerated a “retail apocalypse,” with major companies like Sears, Toys R Us, and most recently Bed Bath & … Read more
The business secretary has accused the Post Office chair she sacked of a ‘blatant attempt to seek revenge’ after he made explosive allegations about the governmentâs handling of the Horizon scandal. Kemi Badenoch launched an extended attack on Henry Staunton in the Commons on Monday. The furore began over the weekend after Staunton gave an … Read more
(NewsNation) — American homeowners are staying in the same place nearly twice as long as they were 20 years ago, with older residents leading that trend, a new Redfin study shows. The real estate company recently reported that the average homeowner remains in their current house for an average of 11.9 years, which is up from … Read more
Britainâs flying taxi pioneer, Vertical Aerospace, has been handed another £8m grant from the government, taking its total taxpayer backing to £37m as it tries to get its electric aircraft off the ground. The company said the funding to develop the propellers for its electric vertical take-off and landing (eVtol) aircraft was a âvote of … Read more
Monzo is set to clinch another £350m in funding from investors, including a fund owned by Googleâs parent company Alphabet, signalling a vote of confidence in the UK digital bank that could push its valuation to £4bn. The bank, known for its hot coral-coloured debit cards, was last valued at $4.5bn (£3.5bn), after a $600m … Read more
The Body Shop is to cut 300 jobs at its head office while almost half of its 198 stores in the UK could close with the loss of hundreds more jobs as the business battles for survival. Administrators told staff on Tuesday that seven stores would close immediately, with more set to follow, while numbers … Read more
AstraZenecaâs chief executive, Pascal Soriot, received a pay package of nearly £17m last year, cementing his position as one of the best-paid FTSE 100 bosses as he drew criticism from corporate governance experts. Soriot, who has made nearly £120m in the decade since he took the helm at the drugmaker in October 2012, was paid … Read more
A draft bill to reform Britainâs railway has been published by the government â derided by Labour as âfittingly lateâ and with no prospect of becoming law. The bill, which can go before MPs for scrutiny but will not be put forward for legislation before the election, theoretically paves the way for an independent Great … Read more
A 9% rise in the share price counts as an enthusiastic reception for a new strategic plan, but don’t forget the context at Barclays. The shares are still worth a fifth less than in late-2021 when the chief executive, CS Venkatakrishnan, or Venkat as he’s known, took the helm. At 162p, they also stand at … Read more
