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Bank bosses called to meeting with Reeves over impact of Iran war on UK economy
UK NewsBusiness

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict Middle East crisis – live updatesThe bosses of Britain’s “big five” retail banks h...

The Guardian - UK News5 months ago
Vodafone incentivised security staff to fine its own franchisees
UK NewsBusiness

Vodafone incentivised security staff to fine its own franchisees

Shopkeepers charged millions of pounds, including alleged £10,000 penalty for mistake that cost firm £7.08Vodafone incentivised its security staff to increase “clawbacks” levied on its own franchisees...

The Guardian - UK News5 months ago
More Britons opt to holiday in UK this summer amid uncertainty over flights
UK NewsBusiness

More Britons opt to holiday in UK this summer amid uncertainty over flights

Holiday park firms say such bookings are on the rise because of impact of Iran war on aviationHoliday companies have predicted a surge in bookings for UK summer breaks after a jump in interest from Br...

The Guardian - UK News5 months ago
Carmakers scramble to plug £3bn shortfall for UK loan scandal payouts
UK NewsBusiness

Carmakers scramble to plug £3bn shortfall for UK loan scandal payouts

Filings suggest manufacturers’ lending arms have massively underestimated bill from FCA’s £9.1bn redress schemeCarmakers are under pressure to drum up £3bn to cover payouts for motor finance scandal v...

The Guardian - UK News5 months ago
As Franco Manca scales back, is the air going out of the sourdough pizza craze?
UK NewsBusinessLifestyle

As Franco Manca scales back, is the air going out of the sourdough pizza craze?

The restaurant is to cut more than a fifth of its outlets amid an onslaught from supermarkets and rival chainsWhen Franco Manca first opened in south London’s Brixton Market in 2008, its competitively...

The Guardian - UK News5 months ago
Growing knowledge, growing yield: British wine-making comes of age
UK NewsBusinessLifestyle

Growing knowledge, growing yield: British wine-making comes of age

Changing climate, new techniques and a homegrown study programme have all helped drive a UK viticulture boomRows of vines stretch across the rolling hills of rural Dorset. Currently waist height, they...

The Guardian - UK News5 months ago
Central bank bosses enlist for war game to gauge threat of Lehman-style bust
UK NewsBusiness

Central bank bosses enlist for war game to gauge threat of Lehman-style bust

Finance chiefs to join exercise in Washington designed to assess how they would handle collapse of significant bankThe bosses of the central banks and treasuries of the UK, US and EU are to take part...

The Guardian - UK News5 months ago
What are my rights if flights are cancelled and holidays disrupted due to fuel shortage?
UK NewsBusiness

What are my rights if flights are cancelled and holidays disrupted due to fuel shortage?

Iran war and EU’s new entry-exit system could lead to travel misery this summer, but there are ways to mitigate itCan Europe avoid a summer of travel chaos?The war in the Middle East has prompted fear...

The Guardian - UK News5 months ago
Can Europe avoid a summer of holiday flight and cross-Channel travel chaos?
UK NewsBusiness

Can Europe avoid a summer of holiday flight and cross-Channel travel chaos?

Passengers face risk of cancellations due to fuel shortages – and long airport queues due to EU entry-exit systemWhat are your rights if your holiday flight is cancelled?Holidaymakers have faced numer...

The Guardian - UK News5 months ago
Rachel Reeves to raise windfall tax on low-carbon electricity generators
UK NewsBusiness

Rachel Reeves to raise windfall tax on low-carbon electricity generators

Chancellor aims to curb rising household bills as she consults on reforms to weaken link between gas and electricity pricesRachel Reeves is poised to raise the government’s windfall tax on low-carbon...

The Guardian - UK News5 months ago
Questions raised over whether £3.8m government grant awarded to Wrexham AFC was lawful
UK NewsBusinessSports

Questions raised over whether £3.8m government grant awarded to Wrexham AFC was lawful

Exclusive: The club, owned by Hollywood stars Ryan Reynolds and Rob Mac, received the grant without a contract or final state aid assessment in placeWrexham AFC, the football club part-owned by Hollyw...

The Guardian - UK News5 months ago
Oil and gas prices fall nearly 10% after Iran says strait of Hormuz is open
UK NewsBusiness

Oil and gas prices fall nearly 10% after Iran says strait of Hormuz is open

Brent crude drops and gas prices slide amid hopes Donald Trump will succeed in reaching deal with TehranOil and gas prices tumbled by almost 10% on Friday after Iran said the strait of Hormuz would op...

The Guardian - UK News5 months ago
Average new UK electric car price is now lower than petrol vehicles
UK NewsBusinessTechnology

Average new UK electric car price is now lower than petrol vehicles

Autotrader says average EV cost is £785 cheaper, in an important milestone in the move away from fossil fuelsThe price of new battery electric cars has fallen below petrol cars in the UK for the first...

The Guardian - UK News5 months ago
UK’s OnlyFans tops $3bn valuation amid talks to sell stake to US investor
UK NewsBusinessTechnology

UK’s OnlyFans tops $3bn valuation amid talks to sell stake to US investor

Adult video platform to sell minority stake to increase stability after death of its owner Leonid RadvinskyBusiness live – latest updatesOnlyFans, the UK adult video platform, is in talks to sell a mi...

The Guardian - UK News5 months ago
Richard Desmond loses £1.3bn damages battle over national lottery licence
UK NewsBusiness

Richard Desmond loses £1.3bn damages battle over national lottery licence

Media tycoon vows to appeal after dismissal of action against Gambling Commission for awarding Allwyn the franchiseThe media tycoon Richard Desmond has vowed to appeal after a resounding defeat in his...

The Guardian - UK News5 months ago
Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool
UK NewsBusinessTechnology

Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool

Release of new Claude model, so far limited to US firms, will expand to British institutions in coming daysBritish banks will be given access in the next week to a powerful AI tool that was deemed too...

The Guardian - UK News5 months ago
Rachel Reeves warns other budgets may be cut to lift defence spending
UK NewsPoliticsBusiness

Rachel Reeves warns other budgets may be cut to lift defence spending

Chancellor says she is ‘working through a range of options’ to boost the armed forces but does not want to put up taxesRachel Reeves has warned “difficult choices” are required to increase defence spe...

The Guardian - UK News5 months ago
Next chief Simon Wolfson paid record £7.4m – and could get far more this year
UK NewsBusiness

Next chief Simon Wolfson paid record £7.4m – and could get far more this year

‘Sustained outperformance’ merits pay rise, says company after it ups profit guidance to £1.2bn for year to January 2027The Next chief executive, Simon Wolfson, took home more than £7m last year, his...

The Guardian - UK News5 months ago
Europe has only six weeks’ supply of jet fuel left owing to Iran war, says energy chief
UK NewsBusiness

Europe has only six weeks’ supply of jet fuel left owing to Iran war, says energy chief

There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEABusiness live – latest updatesMiddle East crisis – live updatesEurope has only six weeks of...

The Guardian - UK News5 months ago
News of BBC jobs cuts ‘real concern‘, says UK’s culture secretary
UK NewsPoliticsBusiness

News of BBC jobs cuts ‘real concern‘, says UK’s culture secretary

Lisa Nandy says staff have been strongly affected as some express frustration that high-paid presenters and executives likely to be safeThe BBC’s sudden announcement of 2,000 job cuts has had a “very...

The Guardian - UK News5 months ago