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Latest financial, market & economic news and analysis from The Guardian
Site URL: www.theguardian.com/uk/business
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Posts: 150
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Amazon criticised as Tommy Robinson book tops chart
https://www.theguardian.com/uk-news/2024/oct/10/amazon-criticised-as-tommy-robinson-book-tops-chart
Published: October 10, 2024 10:39
Campaign group says site is platforming far-right activist by stocking his book which reached No 1 this weekAmazon has been accused of funnelling “thousands of pounds into the pockets of Britain’s best-known far-right extremist” after Tommy Robinson’s…
Another 65 women allege abuse by Mohamed Al Fayed
https://www.theguardian.com/world/2024/oct/10/another-65-women-allege-abuse-by-mohamed-al-fayed
Published: October 10, 2024 08:28
BBC says 37 of the women worked at Harrods, and earliest accusation of abuse dates back to 1977A further 65 women have come forward to the BBC with allegations of abuse by Mohamed Al Fayed going as far back as 1977.Since the broadcast of the BBC…
New HSBC boss ‘ready to axe senior bankers to save $300m’
https://www.theguardian.com/business/2024/oct/10/new-hsbc-boss-ready-to-axe-senior-bankers
Published: October 10, 2024 08:20
Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial unitsThe new boss of HSBC is reportedly readying to axe some of the bank’s most expensive senior bankers in a move that could save as much as $300m…
‘I’m a man and I’m relentless!’ What does Industry say about banking’s toxic masculinity crisis?
Published: October 10, 2024 08:00
They’re lonely, controlling ‘dinosaurs’ seemingly incapable of decently treating the people who look to them for love. Do the characters in the finance drama have any hope of understanding masculinity?Warning: this article contains spoilers for season…
UK property market strengthens, but renters face tighter squeeze – business live
Published: October 10, 2024 07:00
Rolling coverage of the latest economic and financial news, as the RICS gauge of UK house prices turns positive for the first time in almost two yearsEveryone will be better off under the new Government, the Business Secretary has said, rejecting the…
This is the future for Kamala Harris: unless she solves this economic mystery, Trump wins | Aditya Chakrabortty
Published: October 10, 2024 05:00
She is losing the tussle between head and heart. The economy is better than it has ever been, but ordinary people don’t feel itThe defining question in US politics was asked 44 years ago this month. One week before the 1980 presidential election, Ronald…
Northern criticised after young people prosecuted for peak-time railcard use
Published: October 10, 2024 05:00
Rail users say exceptions to rules that allow some peak-time use of railcards are confusingThe train operator Northern has been criticised for prosecuting young people, leaving some facing bills of hundreds of pounds, after they have used their railcards…
Slash and burn: is private equity out of control?
https://www.theguardian.com/business/2024/oct/10/slash-and-burn-is-private-equity-out-of-control
Published: October 10, 2024 04:00
From football clubs to water companies, music catalogues to care homes, private equity has infiltrated almost every facet of modern life in its endless search to maximise profitsWhenever I ponder the enormity of the multitrillion-dollar industry known as…
Will Rachel Reeves’s rules on debt and spending survive the budget?
Published: October 9, 2024 23:01
The chancellor desperately needs more money to finance growth and public spending so expect a bit of tweaking to supposedly strict constraintsLabour needs £25bn a year in tax rises ‘to rebuild public services’Change*. If Labour’s one-word campaign slogan…
Labour needs £25bn a year in tax rises to rebuild public services, warns IFS
Published: October 9, 2024 23:01
Thinktank says tax increases in budget will be necessary even if Rachel Reeves changes fiscal rulesWill Rachel Reeves’s rules on debt and spending survive the budget?Keir Starmer’s promise to end austerity and rebuild public services will require tax…
GSK strikes $2.2bn deal to resolve legal cases in US over heartburn treatment Zantac
Published: October 9, 2024 18:43
British drugmaker agrees payment to resolve 80,000 cases alleging cancers were linked to drug known generically as ranitidineThe British drugmaker GSK has struck an agreement to make a payment of up to $2.2bn (£1.7bn) to resolve litigation brought in the…
New UK laws to stop repeat of P&O mass sackings scandal go before parliament
Published: October 9, 2024 17:30
Labour clamps down on poor working conditions at sea with laws on collective dismissal and minimum wage on cross-Channel ferriesLaws to ensure that the P&O Ferries mass sackings scandal can never recur will be laid before parliament this week as Labour…
Don’t indulge the Thames Water whingers next week, prime minister | Nils Pratley
Published: October 9, 2024 17:08
Labour should stand firm at its investors summit and remind attenders that the UK’s utilities sector is eminently investableThe Labour government’s first international investment summit arrives next week, a chance for ministers to advertise the splendid…
Meta launches its AI chatbot in the UK on Facebook and Instagram
Published: October 9, 2024 15:57
The assistant, which has sparked privacy concerns, can also be accessed on £299 Ray-Ban Meta sunglassesMeta, the owner of Facebook and Instagram, has launched its artificial intelligence assistant in the UK, alongside AI-boosted sunglasses modelled by Mark…
Send us your questions for our energy experts
https://www.theguardian.com/money/2024/oct/09/send-us-your-questions-for-our-energy-experts
Published: October 9, 2024 15:24
We’d like to hear your questions about domestic gas and electricity use – and we’ll put them to our expertsWe’d like to hear your questions about domestic gas and electricity use. Have you always wondered whether it’s more cost effective to have bath or a…
English water system singled out for criticism by UN special rapporteur
Published: October 9, 2024 14:23
Prof Pedro Arrojo-Agudo says regulator Ofwat ‘complacent’ about water firms putting their shareholders before public The privatised English water system has been singled out for criticism by the UN special rapporteur on the human right to clean water.Prof…
Tropicana casino in Las Vegas demolished in controlled implosion – video
Published: October 9, 2024 14:00
The Tropicana, a landmark hotel and the last true mob-era casino in Las Vegas, was reduced to rubble on Wednesday. The legendary haunt of the Rat Pack and the place James Bond said he had heard was quite comfortable in the 1971 film Diamonds Are Forever,…
Demis Hassabis: from video game designer to Nobel prize winner
Published: October 9, 2024 13:56
Google DeepMind chief believes in benefits of AI but says risks must be taken as seriously as the climate crisisMost 17-year-olds spend their days playing video games, but Britain’s latest Nobel prize winner spent his teenage years developing them.Sir…
Starmer refuses to rule out raising national insurance for employers
https://www.theguardian.com/politics/2024/oct/09/keir-starmer-raise-national-insurance-employers-ni
Published: October 9, 2024 13:28
Sunak uses PMQs to ask whether manifesto pledge not to raise NICs applies to employers amid budget speculationUK politics live – latest updatesKeir Starmer has declined to rule out raising employers’ national insurance contributions amid speculation that…
‘Coolest job on Earth’: Antarctica welcomes new postmaster
Published: October 9, 2024 13:22
UK Antarctic Heritage Trust fills vacancy at world’s most southerly post office, as well as recruiting team to monitor wildlife and carry out building repairsAs a professional “tent master”, whose work involves building big tops at music festivals, George…
Plastic tub gets the snub as Nestlé tests paper container for Quality Street
Published: October 9, 2024 12:27
Christmas-favourite sweet brand hopes to cut virgin plastic use, but consumers may mourn reusable tubTucking into a tub of Quality Street is a Christmas tradition for many British families, and once they have scoffed the chocolates the handy container…
Ministers accused of ‘dawdling’ over leasehold changes in England and Wales
Published: October 9, 2024 11:09
Residents groups call for passing of secondary legislation for Leasehold Reform Act as promised in king’s speechUK politics live – latest updatesCampaigners have accused the government of dragging its heels over promised changes to the leasehold system in…
Chinese stocks suffer worst fall in 27 years over growth concerns
Published: October 9, 2024 10:27
Investors disappointed after hoped-for policy plans by Beijing to stimulate economy did not materialiseBusiness live – latest updatesChinese stocks have suffered their worst fall in 27 years after efforts by Beijing to stimulate the world’s second-largest…
Endorsements from Republicans and CEOs won’t help Kamala Harris win | Katrina vanden Heuvel
https://www.theguardian.com/commentisfree/2024/oct/09/election-harris-republican-endorsements
Published: October 9, 2024 10:00
Only a quarter of battleground voters think the country is going the right way. Why is Harris touting the approval of the elite?Kamala Harris and Liz Cheney’s campaign event last week in Ripon, Wisconsin, the birthplace of the Republican party, was a…
Anger at UK’s ‘bonkers’ plan to reach net zero by importing fuel from North Korea
Published: October 9, 2024 09:37
Government criticised over list of potential countries for sourcing biomass, which also includes AfghanistanA plan by the British government to burn biomass imported from countries including North Korea and Afghanistan has been described as “bonkers”, with…
Transport secretary ‘seriously looking at’ extending HS2 rail line to Euston
https://www.theguardian.com/uk-news/2024/oct/09/transport-secretary-extend-hs2-rail-line-euston
Published: October 9, 2024 08:32
Lisa Nandy indicates Louise Haigh considering plan for high-speed route to terminate in central LondonThe transport secretary is considering extending the HS2 line to Euston, her cabinet colleague Lisa Nandy has indicated, after Louise Haigh claimed it…
Rio Tinto to buy US lithium producer Arcadium in $6.7bn deal
https://www.theguardian.com/business/2024/oct/09/rio-tinto-to-buy-us-lithium-producer-arcadium
Published: October 9, 2024 07:46
Acquisition by Anglo-Australian miner comes despite global headwinds in electric car marketRio Tinto is to buy the US company Arcadium Lithium for $6.7bn (£5.1bn), in a huge bet on the energy transition despite global headwinds in the electric car…
Massive rent hikes, dodgy landlords – unlike many MPs, I know what renting is like. We have to fix it | Chris Curtis
https://www.theguardian.com/commentisfree/2024/oct/09/renting-housing-market-landlords-tenants
Published: October 9, 2024 07:00
Landlords have long had too much sway in parliament. Tenants’ rights must be strengthened as a matter of urgencyChris Curtis is the Labour MP for Milton Keynes NorthThis week in parliament we will begin the vital work of fixing the broken private rental…
US considers Google breakup in landmark antitrust case; Boeing pulls pay offer – business live
Published: October 9, 2024 06:56
Rolling coverage of the latest economic and financial newsGoogle has criticised the DoJ’s proposal, calling them “radical” and arguing they “go far beyond the specific legal issues in this case.”In a corporate blog post, Lee-Anne Mulholland, Google’s vice…
Stocks and shares: where to start if you want to become an investor
Published: October 9, 2024 06:00
From asking yourself if you could cope with losing money to researching all the practical tax implicationsIt is wise to pay off any expensive debts and make sure you have enough cash savings to cover an unforeseen problem before you invest in the stock…
China to head green energy boom with 60% of new projects in next six years
Published: October 9, 2024 05:00
IEA says faster clean energy rollout being led by solar power in China with country set to boast half of world’s renewables by 2030China is expected to account for almost 60% of all renewable energy capacity installed worldwide between now and 2030,…
Labour’s workers’ rights plans can win over Tory and Reform voters, says TUC
Published: October 9, 2024 05:00
Trade union leaders meet ministers for final talks on employment rights bill before unveiling on ThursdayLabour can use its overhaul of workers’ rights to win over disaffected Tory and Reform voters, the TUC has said, as the government prepares to…
Boeing withdraws 30% pay rise offer as negotiation with striking workers reaches stalemate
Published: October 9, 2024 04:43
The company has withdrawn its offer to US factory workers seeking a 40% pay rise, as the strike neared its fourth weekBoeing said on Tuesday that it had withdrawn its pay offer to about 33,000 US factory workers and no further negotiations were planned…
‘They rob you visibly, with no repercussions’ – the unstoppable rise of phone theft
Published: October 9, 2024 04:00
Snatch thefts of mobile phones soared by 150% in the last year, with victims left unable to work, use their bank, travel or use their diaries. Why are police finding it so hard to stop? Jenny Tian, 29, a comedian from Australia, had been in London for two…
‘Torn down for hotel rooms’: Iceland’s famous music venues swallowed by tourism
https://www.theguardian.com/world/2024/oct/09/iceland-reykjavik-music-venues-tourism
Published: October 9, 2024 04:00
Thriving music scene that gave world Björk, Sigur Rós and Ólafur Arnald under threat from Reykjavík’s popularity “That was the first thing that people came here for,” said Óli Dóri, who until a few weeks ago was event organiser at the music venue at the…
How many people in the UK are in ‘hunger and hardship’?
https://www.theguardian.com/society/2024/oct/09/how-many-people-in-the-uk-are-in-hunger-and-hardship
Published: October 8, 2024 23:01
Food bank network Trussell has developed term to define deep poverty – but what does it mean, who is affected by it, and why?More than 9 million Britons vulnerable to reliance on food banks, research findsA study by the UK’s biggest food bank network,…
UK advertising watchdog cracks down on misleading broadband price ads
Published: October 8, 2024 23:01
ASA says telecoms firms must scrap ads that do not give enough prominence in marketing to mid-contract risesThe UK advertising watchdog has cracked down on marketing campaigns by telecoms companies including BT, EE, Virgin Media and O2 for misleading…
Energy industry trade body chief to head UK’s climate watchdog
Published: October 8, 2024 23:01
Emma Pinchbeck will take over as chief executive of Climate Change Committee next monthThe government’s official climate watchdog has appointed the head of the energy industry’s trade association to lead its work helping to drive the UK’s emissions to net…
Reeves to press ahead with capital spending plans despite rising debt costs
Published: October 8, 2024 18:51
Exclusive: chancellor’s plan to change rules to allow more borrowing for investment comes as cost of government debt risesRachel Reeves is pushing ahead with plans to borrow billions of pounds extra for infrastructure investment, the Guardian has learned,…
The Guardian view on Israel and Iran: there will be no winners from an all-out war | Editorial
Published: October 8, 2024 18:06
An oil price shock and economic downturn are among the likely effects of an attack on Iran’s exporting capacityWhen Joe Biden last week said that his administration has been “discussing” possible Israeli plans to attack Iran’s oil industry in retaliation…
Post Office chair says it has ‘strained’ relations with Horizon IT firm Fujitsu
Published: October 8, 2024 18:05
Nigel Railton tells inquiry it is possible post offices could still be using Horizon in 2030 despite efforts to replace itThe chair of the Post Office has told a public inquiry that the state-owned body has a “strained” relationship with Fujitsu, the…
Channel 4 chiefs should not be taking bonuses while indies try to survive
Published: October 8, 2024 17:48
The broadcaster has failed to heed lessons from just last year when bonuses were delayed after an outcryCh4 bosses took hundreds of thousands in bonuses as revenues divedThe last time Channel 4 was generous with executive bonuses, there was a stink. That…
Keir Starmer must not yield to rightwing opposition over EU youth mobility | Letters
Published: October 8, 2024 16:54
Readers call for the prime minister to do the right thing by investing in future generations through European schemeWho or what is Keir Starmer frightened of? With July’s landslide victory under his belt, he doesn’t have to face the electorate for another…
Cash alone won’t build Labour’s green future | Letter
https://www.theguardian.com/environment/2024/oct/08/cash-alone-wont-build-labours-green-future
Published: October 8, 2024 16:54
A warning from Mark Robinson that a skills crisis could scupper the government’s £22bn carbon capture strategyRachel Reeves’s pledge of £22bn for carbon capture projects across the UK brings the promise of jobs and a revitalised economy (Today, with our…
China puts tariffs on EU brandy in escalating trade row with Brussels
https://www.theguardian.com/world/2024/oct/08/china-tariffs-eu-brandy-escalating-trade-row-brussels
Published: October 8, 2024 16:35
Beijing also considering duties on European petrol cars after EU imposed extra levies on Chinese electric vehiclesChina has imposed tariffs on EU brandy imports in an escalating tit-for-tat trade row with Brussels over extra levies on Chinese-made electric…
US states sue TikTok, claiming its addictive features harm youth mental health
https://www.theguardian.com/technology/2024/oct/08/us-states-tiktok-lawsuit-mental-health
Published: October 8, 2024 15:07
States and District of Columbia allege platform’s ‘dopamine-inducing’ algorithm can lead to anxiety and depressionMore than a dozen states and the District of Columbia have filed lawsuits against TikTok on Tuesday, alleging the popular short-form video app…
Plans to add VAT to private school fees won’t be delayed, says minister
https://www.theguardian.com/education/2024/oct/08/vat-private-school-fees-no-delay-says-minister
Published: October 8, 2024 15:02
James Murray reaffirms timetable despite many in the sector calling for changes to be deferred until September 2025The Treasury minister James Murray has rejected calls to delay plans to add VAT to private school fees, saying the government needed to start…
Shein doubles profits in UK after sales leap 40% to £1.5bn
Published: October 8, 2024 13:36
Fast-fashion retailer presents ‘real challenge for Boohoo and Asos’ as it considers £50bn IPO, says analystBusiness live – latest updatesShein, the online fast-fashion retailer founded in China, doubled profits at its UK arm last year as sales jumped…
‘Bond’s audience will be patient’: Amazon MGM Studios’ boss on the hunt for a new 007
Published: October 8, 2024 13:00
Jennifer Salke, who is increasing investment in Britain, says some of the ideas floated in the post-Daniel Craig hiatus have been ‘interesting’If there is anyone who knows what is happening behind the scenes in the saga over who will become the next James…
Go-Ahead transport group orders 1,200 ‘green buses’ from Wrightbus
Published: October 8, 2024 12:34
Deal for electric zero-emission vehicles worth £500m supports 500 jobs in Northern Ireland and 2,000 more across UKBusiness live – latest updatesTransport group Go-Ahead has announced a £500m investment in up to 1,200 UK-built electric buses from Northern…
Saudi wealth fund buys 40% stake in Selfridges department store
Published: October 8, 2024 11:24
Thai conglomerate Central Group to co-own high-profile retailer with Saudi Public Investment FundBusiness live – latest updatesSaudi Arabia’s sovereign wealth fund has bought a stake in the upmarket department store Selfridges in its latest move on a high…
Lower Thames Crossing decision delayed for seven months
https://www.theguardian.com/uk-news/2024/oct/08/lower-thames-crossing-decision-delayed-tunnel
Published: October 8, 2024 10:39
Green campaigners welcome delay to £9bn road tunnel, but businesses say move is ‘deeply concerning’Business live – latest updatesThe future of Britain’s biggest road scheme, the Lower Thames Crossing, has been thrown into fresh uncertainty after ministers…
Channel 4 bosses took hundreds of thousands in bonuses as revenues dived
https://www.theguardian.com/media/2024/oct/08/channel-4-bosses-bonuses-fall-in-revenues-job-cuts
Published: October 8, 2024 10:30
Payouts at state-owned, commercially funded broadcaster come after its biggest job cuts for 15 yearsBusiness live – latest updatesChannel 4’s bosses accepted hundreds of thousands in bonus payments last year, despite the broadcaster suffering its steepest…
Tesla Cybertruck ‘too big and sharp’ for European roads, say campaigners
Published: October 8, 2024 10:00
Questions raised about registration in Czech Republic of one of first models to reach continentTesla’s Cybertruck is too big and sharp for European roads, transport campaigners have warned, as questions are raised about the registration of one of the first…
Housebuilder Vistry loses more than £1bn in value after profit warning
Published: October 8, 2024 09:31
FTSE 100 company says profits will lower for the next three years because it underestimated building costsBusiness live – latest updatesMore than £1bn was wiped off the value of housebuilder Vistry on Tuesday after it said that the building costs had been…
UK borrowing costs climb ahead of the budget; Water companies to pay £157.6m penalty for poor performance – business live
Published: October 8, 2024 06:36
Rolling coverage of the latest economic and financial newsOfwat has attempted to put the 17 water companies of England and Wales into three categories – ‘leading’, ‘average’ and ‘lagging behind’.Depressingly (but not surprisingly), no companies qualify for…
Water companies in England and Wales told to pay £158m penalty to customers
https://www.theguardian.com/business/2024/oct/08/water-companies-england-wales-penalty-ofwat-bills
Published: October 8, 2024 06:28
Ofwat says firms must lower bills next year after poor performance on issues such as pollutionBusiness live – latest updatesWater companies in England and Wales will have to return nearly £158m to customers through lower bills next year after falling…
Family of deceased tenant refused entry to property containing life’s work
Published: October 8, 2024 06:00
Cambridge council says Glen Hutchinson’s daughters cannot access flat until they have been granted probateThe family of a social housing tenant who has recently died fear losing his life’s work because bureaucratic red tape has barred them from entering…
I was written off by John Lewis for car insurance because I’m an author
Published: October 8, 2024 06:00
I was deemed an ‘unacceptable risk’ when it came to renewal I received a brief letter from my car insurer stating that “having reviewed your current details, we won’t be able to renew your car insurance policy arranged by John Lewis Finance and…
Building HS2 to Euston and Crewe could pay for itself, analysis finds
Published: October 8, 2024 05:00
Extending high-speed line at both ends would let government charge more for rights to run it, rail leaders sayBuilding HS2 all the way to London Euston and Crewe could save the government money by enabling it to lease the line out for much more, rail…
The scandal of food waste and how we can stop it
https://www.theguardian.com/environment/2024/oct/08/the-scandal-of-food-waste-and-how-we-can-stop-it
Published: October 8, 2024 04:00
Every informed observer agrees that food waste and loss must be reduced if we are to feed all humans. What’s stopping us?In traditional societies, little to no food goes to waste. Every edible part of an animal or plant is utilised. Researchers found that…
Oasis ticket sales push UK non-essential spending to highest level this year
Published: October 8, 2024 04:00
Retail sales show strongest growth in six months as shoppers buy clothes and computers for new academic yearTicket sales for the Oasis reunion tour helped to increase non-essential spending by British consumers to the highest level this year in September,…
Lab-grown meat could be sold in UK in next few years, says food regulator
https://www.theguardian.com/environment/2024/oct/08/cell-cultivated-lab-grown-meat-sold-uk-regulator
Published: October 8, 2024 04:00
Food Standards Agency says applications for cultivated steak, chicken and foie gras have already been submittedCell-cultivated meat could be on sale in the UK within a few years, the food regulator has said, with applications for lab-grown steak, beef,…
Winter blackouts risk in Great Britain ‘lowest in four years’ despite end of coal
https://www.theguardian.com/business/2024/oct/08/winter-blackouts-risk-great-britain-energy-neso
Published: October 7, 2024 23:01
Energy system operator expects winter power supplies to outstrip demand by almost 9% this yearThe risk of winter blackouts in Great Britain has tumbled to its lowest in four years even after the shutdown of the UK’s last coal plant, thanks to investments…
Rachel Reeves to decide by Wednesday whether to change fiscal rules
Published: October 7, 2024 23:01
Move could unlock up to £57bn in additional spending on infrastructure in October’s budgetRachel Reeves must decide by Wednesday whether to change the government’s fiscal rules to potentially unlock up to £57bn in additional spending on infrastructure at…
BP ‘abandoning plan to cut oil output’ angers green groups
Published: October 7, 2024 18:22
Reports of strategy reset leave campaigners saying company is prioritising profits over planetGreen groups have reacted with fury to reports that BP has dropped a target to cut its oil output in the next five years, saying the company was prioritising…
UK campaigners call for tobacco windfall tax and yearly levy on ‘lethal trade’
Published: October 7, 2024 18:05
Rachel Reeves urged to levy ‘double whammy’ on firms’ £1bn annual profits to fund measures to end smokingDoctors and health charities have urged Rachel Reeves to hit tobacco firms with a financial double whammy, including a windfall tax in the budget, to…
Large French Alpine ski resort to close in face of shrinking snow season
Published: October 7, 2024 16:59
Local people and businesses left ‘in lurch’ after council says it cannot afford to support or develop Alpe du Grand SerreA large French Alpine ski resort has announced it is to close, citing a lack of funds to become a year-round destination, as low- and…
TGI Fridays secures rescue deal but more than 1,000 UK jobs lost
Published: October 7, 2024 16:46
Private equity groups Calveton and Breal Capital to buy 51 restaurants, although 35 outlets will closeA rescue deal for the UK arm of TGI Fridays has been struck, with two private equity groups to buy 51 restaurants – although a further 35 outlets are to…
How Bet365 gambles with people’s lives | Letters
https://www.theguardian.com/society/2024/oct/07/bet365-gambling-with-peoples-lives-for-profit
Published: October 7, 2024 16:46
Readers including a Bet365 employee respond to an article on how its founder, Denise Coates, became Britain’s richest woman, and express concerns over the impact of its successAs an employee of Bet365 and native resident of Stoke-on-Trent, I was naturally…
Telegraph takeover: ‘concern’ in newsroom over Dovid Efune talks
Published: October 7, 2024 15:57
New York Sun owner’s hardline stance about Middle East prompts fears over editorial independenceConcern is mounting across the Telegraph newsroom over the threat to editorial impartiality and influence, as the New York Sun owner, Dovid Efune, is poised to…
Euston is a problem without a good solution | Nils Pratley
Published: October 7, 2024 15:30
The final irony of the HS2 fiasco would be the next blueprint for the station looking like the one rejected as unaffordable in 2020Prepare for the next instalment of the great HS2 fiasco. Stories suggest the chancellor is preparing to shuffle the…
Woman has stunt rider job application returned 48 years later
Published: October 7, 2024 14:56
Application returned with handwritten note saying it had been found behind a post office drawerA woman in Lincolnshire has had her application for her dream job as a stunt rider returned 48 years after applying for the role.Tizi Hodson, 70, from Gedney…
Reeves opts to not raise tax on pension contributions in October budget
Published: October 7, 2024 14:25
Public sector unions had warned rise would hurt their members, erasing pay increases government has just agreedRachel Reeves has decided not to raise tax on pensions contributions in this month’s budget, after public sector unions warned that doing so…
John Lewis Partnership axes chief executive role under new chair
Published: October 7, 2024 13:00
Nish Kankiwala to return to board in non-executive position as Jason Tarry accelerates turnaround planBusiness live – latest updatesThe first-ever chief executive of the John Lewis Partnership is having his role axed as part of a reshuffle under Jason…
Protect funding system that helped Bates sue Post Office, government told
Published: October 7, 2024 11:49
Consumer champions and truck hauliers urge ministers to protect the litigation funding sectorThe government is being urged by consumer champions and truck hauliers to introduce urgent legislation to protect the funding mechanism that helped campaigner Sir…
Southern Water seeks to borrow up to £4bn from investors
https://www.theguardian.com/business/2024/oct/07/southern-water-borrow-utility-companies-thames
Published: October 7, 2024 09:49
Move could increase pressure on utility companies turning to bond markets amid crisis at Thames WaterBusiness live – latest updatesSouthern Water is looking to borrow up to £4bn from investors over the next five years, in a move that could ratchet up the…
How new rules to protect the victims of text and email fraud will work
Published: October 7, 2024 08:00
As push payment fraud balloons, a scheme is coming into force to help those tricked by criminals’ increasingly sophisticated tacticsCriminals who targeted Françoise Schorosch’s father knew how to lull the elderly man into a false sense of security. “The…
UK house prices rise for third month in a row to near record high
https://www.theguardian.com/money/2024/oct/07/uk-house-prices-rise-halifax-pay-interest-rates
Published: October 7, 2024 07:24
Halifax says rising pay and falling interest rates help make mortgages more affordable for some homebuyersBusiness live – latest updatesUK house prices climbed for the third month in a row in September to about £200 short of a record high as rising worker…
Charging customers for energy based on location ‘could harm UK industry’
Published: October 7, 2024 06:48
Trade groups warn against government’s idea that those further from power projects should pay more The bruising debate over UK zonal energy pricingA plan to redraw the energy market risks undermining Britain’s industrial sector and its mission to attract…
UK house prices rise for third month running, close to record high – business live
Published: October 7, 2024 06:43
Rolling coverage of the latest economic and financial newsMore than 70 retailers urge Reeves to make 20% cut to business ratesHouse prices could be spurred higher if the Bank of England cuts interest rates (as expected) next month, says Matt Thompson, head…
Tipping culture is annoying, unfair and worst of all American – and now it’s coming to Paris | Alexander Hurst
Published: October 7, 2024 06:00
In the US, I was asked to tip after buying a single banana. To my horror, tip-creep is spreading in French bars and restaurantsAs an American living in Paris, I’m not exactly sure when I first started having moments of culture shock on my visits back to…
BA ruined a £13,000 trip to St Lucia for my grieving daughters
Published: October 7, 2024 06:00
After the death of my wife, the luxury holiday was to help after a tough time, but we didn’t get what we paid forMy wife died late last year. As it has been such a tough time for me and my two young daughters, I decided to take the three of us on a really…
Qantas apologises after R-rated movie played to passengers on Sydney to Tokyo flight
https://www.theguardian.com/business/2024/oct/07/qantas-r-rated-movie-flight-daddio-apology
Published: October 7, 2024 05:25
Technical issues meant the film, starring Dakota Johnson, was played on all screens before it was swapped for a family-friendly movieFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastQantas has…
Post Office Horizon IT inquiry: the issues that CEO Nick Read needs to explain
Published: October 7, 2024 05:00
Outgoing boss faces three days of testimony from Wednesday into Horizon IT scandal and culture of Post OfficeThis week is set to be the most keenly watched of the final phase of the long-running public inquiry into the Horizon IT scandal and the state and…
Outside Frieze’s big tent, the London art world faces severe headwinds
Published: October 7, 2024 05:00
Galleries have closed and auction sales are down as Brexit boosts European events such as Art Basel ParisFrieze art fair’s big tent in Regent’s Park should at least keep attendees dry as the art world descends on London this week for the annual event,…
UK steel industry calls for protectionist measures over glut driven by China
Published: October 7, 2024 05:00
Lobby group UK Steel said country faces ‘cliff edge’ in 2026 when current protections run outThe UK steel industry has called for the government to consider further protectionist trade measures as it braces for a flood of imported steel amid a global glut…
More than 70 retailers urge Reeves to make 20% cut to business rates
Published: October 6, 2024 23:01
In letter to chancellor, Tesco and M&S are among firms warning tax could result in widespread store closuresMore than 70 retailers, including Tesco, Marks & Spencer and Ikea, are lobbying the chancellor, Rachel Reeves, for a 20% cut to business rates,…
Ex-Google boss Eric Schmidt to attend UK international investment summit
Published: October 6, 2024 18:09
Labour hopes the gathering will encourage a fresh injection of private money to drive its growth agendaThe former Google boss Eric Schmidt has been named as one of the high-profile executives attending the Labour government’s first international investment…
Man arrested after ‘incorrectly’ boarding easyJet flight in Manchester
Published: October 6, 2024 17:29
Man in his 20s was discovered in a Milan-bound aircraft without the correct documents, say policeA man was arrested after boarding an easyJet flight without the correct documents at Manchester airport.The man, in his 20s, was discovered on an aircraft due…
Heinz apologises after ad featuring black family sparks anger online
Published: October 6, 2024 17:11
Firm accused of stereotyping in advert spotted at Vauxhall and Manor House tube stations in LondonHeinz has apologised after an advertisement displayed in London tube stations featuring a black family sparked anger online.The US manufacturer, which…
TGI Fridays ‘close to rescue deal’ that could save more than 2,000 UK jobs
Published: October 6, 2024 16:22
Administrators reportedly in talks with Calveton and Breal Capital, who could buy up to 55 of 87 restaurants Administrators are reportedly finalising a rescue deal for the UK arm of the TGI Fridays restaurant chain in a move that could save more than 2,000…
Dyslexia-friendly Bristol publisher lands titles by bestselling authors
Published: October 6, 2024 14:50
Books on the Hill Press, which uses different printing format, will release novellas by Lee Child and Karin Slaughter among othersThe world’s biggest publishers dream of signing up bestselling authors such as Peter James, Lee Child, Karin Slaughter and…
Wine sellers campaign against looming alcohol duty plan
Published: October 6, 2024 14:17
Big names including Majestic and Laithwaites hope to head off price rises whereby drinks will be taxed on ABVAs a rule, retailers tend to trumpet price cuts and keep quiet about increases but wine sellers are breaking ranks to warn customers of looming…
Charities fear first-class stamp price rise will mean fewer Christmas cards sent
Published: October 6, 2024 12:55
Concern over less money reaching good causes because of Royal Mail’s ‘shortsighted’ 30p increase to £1.65Royal Mail has been accused of being “shortsighted” and risking a drop in the number of charity Christmas cards sent this year as it increases stamp…
‘It’s decimated’: Rayner faces a battle to boost Britain’s social housing
Published: October 6, 2024 11:00
Labour wants action. But rent caps, rising interest rates and restrictions on councils have hit the affordable homes sector hardIn the London borough of Harrow sits the site of the old Kodak factory. Built in the 1890s, it employed 6,000 workers at its…
Labour must ensure benefits of future growth are shared equally across Britain | Larry Elliott
Published: October 6, 2024 10:32
Regeneration efforts in former coalmining communities have not led to enough job creation Politics is hard because it invariably involves making choices between conflicting objectives. As Keir Starmer is discovering, the need to prioritise means you can’t…
Ocado and AA join growing revolt against London congestion charge for electric vans
Published: October 6, 2024 08:00
Forty businesses sign open letter to Sadiq Khan saying extending £15 daily levy to electric vans will backfireMore than 40 businesses including Ocado, the AA and Openreach have called on the mayor of London to abandon plans to extend the congestion…
After 100 days of mistakes, we need to hear Labour’s underlying philosophy | Will Hutton
Published: October 6, 2024 08:00
Keir Starmer must learn from Tony Blair and combine practical solutions with ideasWriting a book with a provocative title has its risks. In This Time No Mistakes: How to Remake Britain I argue that the government must escape the serial mistakes of the past…
‘I have to have one of those’: plushie super-fans explain the appeal
Published: October 6, 2024 08:00
For 25 years the company, built by two publicity-shy British brothers, has turned everything from bears to burgers into ‘plushies’. Avid fans explain their appealIt started with a boiled egg. Last year, Chloe Day, 25, kept seeing it all over social media.…
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