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Business News

business

Call for food price caps ‘completely preposterous’, says M&S boss

silverguide.site – Stuart Machin argues government should reduce tax and regulatory burden on supermarkets instead…
Call for food price caps ‘completely preposterous’, says M&S boss
business

Germany urged to stop admiring Beijing and wake up to ‘China Shock 2.0’

silverguide.site – ‘China has already eaten much of German industry’s lunch and is preparing to start on dinner,’ thinktank says…
Germany urged to stop admiring Beijing and wake up to ‘China Shock 2.0’
business

UK inflation eases more than expected to 2.8%, led by lower electricity and gas bills – business live

silverguide.site – Food inflation slows to 3%, led by meat and chocolate; prices of computer game downloads drop sharply; economists say benign inflation data reduces chances of June rate hike…
UK inflation eases more than expected to 2.8%, led by lower electricity and gas bills – business live
business

UK inflation slows to 2.8% as energy price cap softens impact of rising fuel costs

silverguide.site – Lower-than-expected April annual rate a lift for Rachel Reeves, who moved some renewables costs away from household bills…
UK inflation slows to 2.8% as energy price cap softens impact of rising fuel costs
business

Scrap stamp duty and council tax to fix London housing crisis, thinktank says

silverguide.site – Centre for London report finds levy on property wealth would free up homes, fund social housing and help renters save for deposits…
Scrap stamp duty and council tax to fix London housing crisis, thinktank says
business

Spending watchdog warns £38bn cost of Sizewell C nuclear plant is ‘risky’

silverguide.site – National Audit Office says potential benefits are ‘considerable but uncertain’ while risks are ‘immediate and substantial’…
Spending watchdog warns £38bn cost of Sizewell C nuclear plant is ‘risky’
business

UK supermarkets urged to consider voluntary price caps on essential foods

silverguide.site – Retail sources rebuff government proposal as ‘unjustified’ and likely to push costs up across board…
UK supermarkets urged to consider voluntary price caps on essential foods
business

Billionaire Trump donor in line to make millions from Thames Water bid

silverguide.site – Paul Singer is founder of a leading creditor in the hedge fund consortium locked in talks with the UK government…
Billionaire Trump donor in line to make millions from Thames Water bid
business

HS2 bill could rise to £102bn with first trains delayed until 2039, government admits

silverguide.site – Transport secretary Heidi Alexander blames Conservative government for ‘obscene increase in times and costs’…
HS2 bill could rise to £102bn with first trains delayed until 2039, government admits
business

Old Spanish Hen? Estrella owner buys Greene King ale brand

silverguide.site – Pub owner’s sale to Barcelona-based brewer Damm is latest takeover of a British beer by an overseas buyer…
Old Spanish Hen? Estrella owner buys Greene King ale brand
business

No feelgood factor for Reeves as Iran war snuffs out economic upturn

silverguide.site – Rise in unemployment and weak pay growth underline how tough this year will be for UK households…
No feelgood factor for Reeves as Iran war snuffs out economic upturn
business

UK wage growth slows and unemployment rate rises as companies react to Iran war – as it happened

silverguide.site – Jobless rate unexpectedly rises to 5% and employment falls by 100,000, biggest drop in six years; economists say June interest rate hike looks less likely…
UK wage growth slows and unemployment rate rises as companies react to Iran war – as it happened
business

UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war

silverguide.site – Pay growth eases to 3.4% as businesses face pressure from soaring energy costs …
UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war
business

Fears of new China shock as EU industry’s reliance on imports grows

silverguide.site – Rising volume of components imported from China prompts warning of cannibalisation of European industries…
Fears of new China shock as EU industry’s reliance on imports grows
business

Halifax could disappear from UK high streets as Lloyds assesses branding strategy

silverguide.site – Bank founded 174 years ago could be phased out as early as 1 July as part of group’s review…
Halifax could disappear from UK high streets as Lloyds assesses branding strategy
business

Avanti West Coast to cut one in seven trains on its busiest intercity routes

silverguide.site – Train operator says passenger demand will still be met as it trims summer timetable at government’s behest …
Avanti West Coast to cut one in seven trains on its busiest intercity routes
business

Whitbread’s reset is slow. But angry US hedge fund doesn’t have a better idea | Nils Pratley

silverguide.site – Demand for ‘formal sale’ is odd for slew of reasons including five-year plan analysts say is ‘sensible, credible and material’…
Whitbread’s reset is slow. But angry US hedge fund doesn’t have a better idea | Nils Pratley
business

CEO of Starbucks in South Korea fired over controversial ad campaign

silverguide.site – The ‘Tank Day’ event has been described as ‘malicious mockery’ of a deadly crackdown on pro-democracy protesters…
CEO of Starbucks in South Korea fired over controversial ad campaign
business

NextEra to buy Dominion in $67bn deal creating US utility giant

silverguide.site – Deal would create largest regulated US utility, serving 10 million customers as AI-driven demand for power surges…
NextEra to buy Dominion in $67bn deal creating US utility giant
business

Rising prices are Britons’ biggest money worry as inflation stays high, survey finds

silverguide.site – Households ‘increasingly gloomy’ about finances amid fears of interest rate rises due to higher fuel prices…
Rising prices are Britons’ biggest money worry as inflation stays high, survey finds
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