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Former WH Smith’s small suppliers to lose at least half of debts in rescue plan
UK NewsBusiness

Former WH Smith’s small suppliers to lose at least half of debts in rescue plan

If TG Jones’s aggressive restructuring is voted through, small ‘non-core’ creditors such as greeting card firms will be hit worstSmall suppliers are to lose at least half the money owed to them by the...

The Guardian - UK News3 months ago
Fans for fans: power demand surges as England viewers cope with heatwave
UK NewsBusinessSports

Fans for fans: power demand surges as England viewers cope with heatwave

Handful of gas plants paid £4m to generate electricity at half- and full-time in World Cup gameEurope heatwave live – latest updatesBusiness live – latest updatesA handful of Great Britain’s gas power...

The Guardian - UK News3 months ago
UK warehouse landlord Segro rejects £12.6bn takeover offer from US rival
UK NewsBusiness

UK warehouse landlord Segro rejects £12.6bn takeover offer from US rival

FTSE 100 firm says Prologis all-share proposal turned down as it falls long way short of its own views on valueNils Pratley: Another FTSE firm stalked by a US raiderThe UK warehouse landlord Segro is...

The Guardian - UK News3 months ago
Progressive economists reject Unite leader’s criticism of Ed Miliband
UK NewsPoliticsBusiness

Progressive economists reject Unite leader’s criticism of Ed Miliband

Sharon Graham is urged to withdraw her claim that the energy secretary would cost jobs if he became chancellorMore than 40 progressive economists have written to Sharon Graham, the leader of Unite, re...

The Guardian - UK News3 months ago
Adidas, Uniqlo and Calvin Klein ads in UK banned over ‘recycled’ clothing claims
UK NewsBusiness

Adidas, Uniqlo and Calvin Klein ads in UK banned over ‘recycled’ clothing claims

UK regulator has increased its scrutiny of fashion retailers over potentially misleading environmental statementsAds for Calvin Klein, Adidas and Uniqlo promoting “recycled” clothing and shoes have be...

The Guardian - UK News3 months ago
Deaths linked to London air pollution have fallen 40%, study estimates
UK NewsBusiness

Deaths linked to London air pollution have fallen 40%, study estimates

However, Imperial College team also find that pollution has worse health impact than previously understoodDeaths linked to air pollution fell by an estimated 40% in London over the five years from 201...

The Guardian - UK News3 months ago
Card payments outage hits pubs and shops during England match
UK NewsBusiness

Card payments outage hits pubs and shops during England match

Customers report having to use cash at stores such as Tesco and to buy drinks due to outage at payments processor WorldPayShoppers reported problems with making card payments at British pubs and super...

The Guardian - UK News3 months ago
Europe’s heatwave drives electricity prices to new highs as demand soars
UK NewsBusiness

Europe’s heatwave drives electricity prices to new highs as demand soars

Great Britain has paid at least six times the normal price for imported power as millions turn on air conditioning and windfarm output sagsThe heatwave has prompted a sharp rise in electricity prices...

The Guardian - UK News3 months ago
Burnham adviser calls for billions of pounds in borrowing for infrastructure
UK NewsPoliticsBusiness

Burnham adviser calls for billions of pounds in borrowing for infrastructure

Exclusive: Jim O’Neill, a former chief economist at Goldman Sachs, says government should spend more on big projectsThe man tapped by Andy Burnham to be his chief economic adviser has called for billi...

The Guardian - UK News3 months ago
Audit firm to Gupta metals empire fined and banned for ‘egregious’ failures
UK NewsBusiness

Audit firm to Gupta metals empire fined and banned for ‘egregious’ failures

UK watchdog gives King & King severe reprimand for failing ‘to identify clear self-interest’ when conducting auditsBusiness live – latest updatesThe UK’s accounting watchdog has fined and temporarily...

The Guardian - UK News3 months ago
Royal Mail boss’s pay package triples to £6.9m despite profits slide
UK NewsBusiness

Royal Mail boss’s pay package triples to £6.9m despite profits slide

Martin Seidenberg, chief executive of parent company IDS, handed payouts after takeover of UK postal serviceBusiness live – latest updatesThe boss of Royal Mail’s parent company received almost £7m in...

The Guardian - UK News3 months ago
StubHub UK fined almost £900,000 over ‘hidden’ ticket fees
UK NewsBusiness

StubHub UK fined almost £900,000 over ‘hidden’ ticket fees

Reseller is also ordered to refund more than 50,000 fans, while its rival Viagogo remains under investigationBusiness live – latest updatesThe online ticket reseller StubHub UK has been fined almost £...

The Guardian - UK News3 months ago
Nissan ‘shelves all-electric Qashqai plans’ as it cuts costs
UK NewsBusinessTechnology

Nissan ‘shelves all-electric Qashqai plans’ as it cuts costs

Firm has been developing full EV version of its top-selling model in Europe at its plant in SunderlandBusiness live – latest updatesNissan has reportedly stopped developing a fully electric version of...

The Guardian - UK News3 months ago
Clean economy brings jobs and growth, says Miliband as £100bn invested in green energy
UK NewsPoliticsBusiness

Clean economy brings jobs and growth, says Miliband as £100bn invested in green energy

Energy secretary hails £100bn milestone in this parliament and says it is ‘only the start of what we want to achieve’Ed Miliband has hailed a boost to UK jobs and growth as government data reveals tha...

The Guardian - UK News3 months ago
Rail passengers told to travel only if essential amid red extreme heat warning
UK NewsBusiness

Rail passengers told to travel only if essential amid red extreme heat warning

Network Rail tells people to check if services are running, with intercity trains expected to be worst affectedRail passengers have been told to attempt to travel only if “absolutely essential” and c...

The Guardian - UK News3 months ago
Keir Starmer’s economic legacy – in charts
UK NewsPoliticsBusiness

Keir Starmer’s economic legacy – in charts

PM said Labour had turned economy around – but his record on growth and unemployment appears mixedKeir Starmer used his leaving speech to lay out a long list of Labour’s achievements in office – but h...

The Guardian - UK News3 months ago
Brexit and Covid beset Royal Navy contractor as profits plunge
UK NewsPoliticsBusiness

Brexit and Covid beset Royal Navy contractor as profits plunge

Babcock reports underlying operating profits down 19%, with frigate-building programme making a lossBusiness live – latest updatesOne of the UK’s biggest defence contractors has blamed Brexit and Covi...

The Guardian - UK News3 months ago
The ungovernable country? Why Britain keeps losing prime ministers
UK NewsPoliticsBusiness

The ungovernable country? Why Britain keeps losing prime ministers

May, Johnson, Truss, Sunak, and now Starmer: each one was brought low for a reason. But what if the deeper problem is the office itself?They were times in which prime ministers seemed to be on their w...

The Guardian - UK News3 months ago
US firm goes public with £4.7bn proposal to buy easyJet after earlier bids rejected
UK NewsBusiness

US firm goes public with £4.7bn proposal to buy easyJet after earlier bids rejected

Investment company Castlelake made bid public for shareholders to evaluate but carrier describes offer as ‘cheap’Nils Pratley: EasyJet bidder is still offering less than a full ticketThe US investment...

The Guardian - UK News3 months ago
Brexit: how it has hit your wallet at the supermarket and on holiday
UK NewsBusiness

Brexit: how it has hit your wallet at the supermarket and on holiday

Ten years on, leaving the EU has made life more difficult and costly – here are some of the ways we’ve lost outIt is 10 years since voters in the UK chose to leave the EU, and our wallets have been f...

The Guardian - UK News3 months ago