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Starmer says he is ‘fed up’ with Trump and Putin’s impact on UK energy costs
UK NewsPoliticsBusiness

Starmer says he is ‘fed up’ with Trump and Putin’s impact on UK energy costs

PM appears to draw comparison between Russian and US leaders’ actions and calls for plan to restore Hormuz strait shippingUK politics live – latest updatesMiddle East crisis – live updatesKeir Starmer...

The Guardian - UK News6 months ago
OpenAI shelves Stargate UK in blow to Britain’s AI ambitions
UK NewsBusinessTechnology

OpenAI shelves Stargate UK in blow to Britain’s AI ambitions

Artificial intelligence company cites high energy costs and regulation for putting landmark project on holdOpenAI has put on hold plans for a landmark UK investment citing high energy costs and regula...

The Guardian - UK News6 months ago
UK to give £380m grant to Tata battery factory in Somerset
UK NewsBusiness

UK to give £380m grant to Tata battery factory in Somerset

Investment in plant due to supply batteries to Jaguar Land Rover expected to boost economic growth and secure jobsThe Somerset battery factory due to supply Jaguar Land Rover is to receive £380m in UK...

The Guardian - UK News6 months ago
Lidl to open 50 UK stores in year ahead – and its first pub
UK NewsBusiness

Lidl to open 50 UK stores in year ahead – and its first pub

Almost 2,000 jobs will be created, with retailer vying to overtake Morrisons as Britain’s fifth largest supermarket Lidl is to open 50 new UK stores in the year ahead – as well as its first pub – as i...

The Guardian - UK News6 months ago
Gentleman’s Relish is toast after its maker axes the pungent anchovy spread
UK NewsBusinessLifestyle

Gentleman’s Relish is toast after its maker axes the pungent anchovy spread

Falling sales end production of condiment created in 1828 – but London restaurant Simpson’s keeps it on the menuFans of traditional British cuisine were heartbroken by news that Gentleman’s Relish was...

The Guardian - UK News6 months ago
BA to reduce Middle East flights when services resume in July
UK NewsBusiness

BA to reduce Middle East flights when services resume in July

After suspending routes owing to Iran war, airline will operate more direct flights to India and KenyaMiddle East crisis – live updatesBritish Airways will offer a reduced flight schedule to the Middl...

The Guardian - UK News6 months ago
Give all UK households a set amount of subsidised energy, says thinktank
UK NewsBusiness

Give all UK households a set amount of subsidised energy, says thinktank

Proposal to help people heat two rooms, provide hot water and run key appliances without incurring more debtIn order to cut rising bills all UK households should receive a minimum amount of energy at...

The Guardian - UK News6 months ago
Britain breaks solar energy record twice as UK’s biggest solar farm gets approval
UK NewsBusiness

Britain breaks solar energy record twice as UK’s biggest solar farm gets approval

Record high set on Monday and raised on Tuesday, with 14.4GW of electricity generated in sunny spring weatherBritain’s sunny spring weather powered the grid to new solar energy records on two consecut...

The Guardian - UK News6 months ago
John Lewis boss’s pay rises to £1.2m as retailer cuts 3,300 jobs
UK NewsBusiness

John Lewis boss’s pay rises to £1.2m as retailer cuts 3,300 jobs

Jason Tarry sees salary increase by 21% in year to January, while fewer people are employed at John Lewis and Waitrose storesThe boss of the group that owns John Lewis and Waitrose had his basic pay r...

The Guardian - UK News6 months ago
Retail workers call for more security after Waitrose sacking for tackling shoplifter
UK NewsBusiness

Retail workers call for more security after Waitrose sacking for tackling shoplifter

Shop workers’ union Usdaw says 59% of its members in its annual survey said they would welcome more security guards in stores Retail workers have called for more security guards in stores after a Wait...

The Guardian - UK News6 months ago
Shell oil trading profits soar amid Iran war but Qatar strikes hit gas output
UK NewsBusiness

Shell oil trading profits soar amid Iran war but Qatar strikes hit gas output

Earnings at renewable energy division expected to soar to between $200m and $700m in first quarterBusiness live – latest updatesShell is expected to report “significantly higher” profits from its trad...

The Guardian - UK News6 months ago
City veteran Ian Cheshire chosen to be new chair of Ofcom
UK NewsBusiness

City veteran Ian Cheshire chosen to be new chair of Ofcom

Former Channel 4 chair and boss of Kingfisher to be appointed at crucial time for UK’s media regulatorBusiness live – latest updatesThe government has named the City veteran Ian Cheshire as its prefer...

The Guardian - UK News6 months ago
Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation
UK NewsBusiness

Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation

Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320mClose Brothers shares surged on Wednesday after the UK bank declared it could “comfortably absorb” its sl...

The Guardian - UK News6 months ago
‘We can’t increase prices any more’: UK hospitality firms hit by cost triple blow
UK NewsBusiness

‘We can’t increase prices any more’: UK hospitality firms hit by cost triple blow

Struggling pubs reel from rising business rates, wages and energy bills, with customers at limit of what they will payNick Evans is staring in vain at columns of numbers, trying to make them add up to...

The Guardian - UK News6 months ago
UK house prices fall in March amid uncertain impact of Middle East conflict
UK NewsBusiness

UK house prices fall in March amid uncertain impact of Middle East conflict

Average price dips back below £300,000 after higher energy costs have knock-on effect on mortgage ratesUK house prices fell in March, as the housing market lost momentum amid uncertainty over the conf...

The Guardian - UK News6 months ago
Bristol airport loses legal challenge against Cardiff rival over £205m subsidy
UK NewsPoliticsBusiness

Bristol airport loses legal challenge against Cardiff rival over £205m subsidy

Tribunal dismisses claim that the Welsh government’s financial package breached competition rulesCardiff airport has won a legal challenge brought by its rival in Bristol over the fairness of a £205m...

The Guardian - UK News6 months ago
UK interest rate predictions fall as US and Iran agree two-week ceasefire
UK NewsBusiness

UK interest rate predictions fall as US and Iran agree two-week ceasefire

Markets now forecast one rate rise this year, down from two on Tuesday, although mortgage rates may not fall quicklyBusiness live – latest updates City traders have cut their forecasts for UK interest...

The Guardian - UK News6 months ago
Wednesday briefing: ​Has the sacking of a shop worker highlighted our unease around how crime is tackled?
UK NewsBusiness

Wednesday briefing: ​Has the sacking of a shop worker highlighted our unease around how crime is tackled?

In today’s newsletter: A Waitrose worker’s dismissal ​after confronting a shoplifter has become a flashpoint in a wider debate over rising retail crimeGood morning. Overnight, the US and Iran agreed t...

The Guardian - UK News6 months ago
Universal Music, home to Taylor Swift and Drake, receives €55bn takeover offer
UK NewsBusinessMusic

Universal Music, home to Taylor Swift and Drake, receives €55bn takeover offer

Bill Ackman’s Pershing Square claims world’s biggest music company has suffered because of delay of US listingBusiness live – latest updatesBillionaire Bill Ackman’s hedge fund has offered to buy Univ...

The Guardian - UK News6 months ago
Hedge fund borrowing exposes emerging markets to greater Iran war risk, says IMF
UK NewsBusiness

Hedge fund borrowing exposes emerging markets to greater Iran war risk, says IMF

Analysis shows developing economies more likely to experience higher interest rates and currency shocksBusiness live – latest updatesEmerging economies are at greater risk of higher interest rates and...

The Guardian - UK News6 months ago