The Wayback Machine - https://web.archive.org/web/20230306044742/https://www.standard.co.uk/business

Follow us:

BREAKING
6h Hundred patients evacuated as fire rips through south London hospital
04 March 2023 New powers to tackle small boats set to be announced next week
11h Ambulance worker strikes in England called off by Unite
21h Rail passengers suffer biggest fares rise in 11 years
21h Pubs, clubs and bars to stay open longer over Coronation weekend
13h Sadiq Khan plotting ‘pay-as-you-drive’ scheme using Ulez cameras
Business
Prime Minister Rishi Sunak has been criticised by Labour (Jonathan Brady/PA)
Business News
3m

PM’s post-Brexit deal is Government ‘clearing up its own mess’ – Labour

Rachel Reeves said: ‘We’re not going to be going back into the single market or customs union and Labour have been clear about that as well.’
Prime Minister Rishi Sunak wants to turn the UK into a ‘science superpower (Oli Scarff/PA)
Business News
3m

Sunak to push for UK ‘science superpower’ status under new plan

The Prime Minister hopes a science and technology framework will place the country at the forefront of new technologies.
Money
3m

Half of women business owners rejected for a loan, survey finds

One business owner said she felt women can be perceived as less serious professionals than their male counterparts.
Business

London set for summer tourist wave but hotels fear high cancellations

Bookings from the US double but early reservations can often end in cancellations

Business News

The Restaurant Group to outline growth strategy amid activist pressure

The London-listed firm, which runs around 460 restaurants, is set to update shareholders on Wednesday March 8 with its results for 2022.
Business

London Metal Exchange faces probe into $4 billion nickel market chaos

The price spike of 250% last March led to cancelled trades and the first suspension of dealing in decades

ES MoneyMore
More Business news
Business News

Rightmove says it is untroubled by cooling off in the property market

The company said it is unlikely its costs will rise materially this year.
Money

Nearly half of people ‘have put off vehicle repairs because of cost-of-living’

More than a third of people are concerned their car will break down due to neglect, according to the research.
Business News

FTSE climbs despite higher European inflation

London’s top flight moved 0.37%, or 29.11 points, higher to finish at 7,944.04.
Business News

Stella Artois brewer AB InBev sells less beer despite World Cup

The Stella Artois and Budweiser maker said bad weather impacted its US business.
Business News

Warning over surge in vehicles without an MOT as drivers ‘cannot afford tests’

Drivers in Britain can be fined up to £1,000 for using a vehicle without a valid MOT certificate.
Business News

Scaling up for business: what you need to know from den of a Dragon

Deborah Meaden of Dragons’ Den says that whether funding for founders comes from a tycoon-filled den or a City boardroom, it’s not just about the money

Business News

Krept: ‘Don’t be afraid to pitch your business to anyone’

It’s a challenge faced by every new start-up: how to secure the funding needed to get the business up and running. The solution, discovers Lucy Tobin, is to get your brand out into the market and find your very own guardian angel

Money

One in three ‘do not understand how power of attorney can be used’

Some 41% of married couples have power of attorney in place, according to Scottish Widows.
Business

Taylor Wimpey to build a third fewer homes

Chancellor meets with housing industry figures as shockwaves from 2022 mini-Budget are still being felt

Business

Beazley eyes cyber crime and space as new frontiers for insurers

FTSE 100 company backs London insurance market’s reputation for innovation

Business News

Metro Bank narrows losses and ‘draws a line’ under legacy issues

The high street lender said it swung to an underlying pre-tax profit in the last three months of the year thanks to tighter cost controls.
Business

Flutter CEO: Reasons to list in US are ‘not unique to us’

The US became Flutter’s largest market by revenue in 2022, as it looks to list its shares there

Business News

Pret hikes worker salaries to keep within minimum pay rules

The sandwich chain said that it would hike pay for its worst-paid staff by 2.9%, from £10.30 an hour to £10.60 an hour.
Business

Revolut report shines spotlight on other fintechs with late accounts

While Revolut has its accounts finalised, the Evening Standard has found there are at least three other major London-based fintechs that still haven’t filed their annual report with Companies House

Business

Iconic James Bond car maker Aston Martin hits the accelerator

After a car crash start, luxury brand starts to show its class

Money

Mortgage prisoners must be freed, says Martin Lewis

Some borrowers have been trapped on high rates since the 2008 financial crisis.
Business

More green belt homes are needed to fix London’s housing crisis

City Comment: The government needs to take on the NIMBYs, who are preventing young people from being able to have their own home

Business News

UK’s top stocks jump higher as Bank boss weighs up further rate hikes

The FTSE 100 closed 38.65 points higher, or 0.49%, at 7,914.93,
Business News

Teachers’ union claims it was ‘excluded’ from new pay talks

The NASUWT claims they were excluded from talks with the Scottish Government in the ongoing pay dispute which took place on Tuesday and Wednesday.
Business

Why the PM was right to recognise that Britain’s future is digital

Digital adoption in key industries could generate £132 billion in UK productivity gains by 2030

UK

Rare £500 note fetches £24,000 at auction

The note from the Bank of England’s Leeds branch fetches the eye-watering amount from an online bidder

Money

Contributions to boost state pensions will still be considered after deadline

The Government said it will consider payments made after the deadline on April 5 ‘on a case-by-case basis’.
Business News

Care worker loses £147 wages to look after own disabled child as teachers strike

Michaela Lillysue said being out of school causes her child ‘upset’ as her routine is disrupted.
Business

Revolut’s auditors ‘unable to verify’ three quarters of its revenues

BDO warned some information may be “materially misstated”

Money

Co-op Bank’s profit rises fourfold as boss boasts rate rises for all savers

The bank’s chief executive Nick Slape said it has passed on 60% of all interest rate rises to its savers.
London Life

How to thrive as a freelancer in economic uncertainty

Freelancing has real benefits, but you need to be prepared

Business

Lowest rate of store closures since 2014, research reveals

In greater London last year there were 1208 store openings, compared with 1857 closures, which is an improvement on each of the prior two years

Business News

Revolut cheers first full year of profit as UK banking licence ‘imminent’

The UK’s most valuable fintech cashed in on the crypto boom which accounted for around a third of its revenues in 2021.
Business

Persimmon warns on profits after economic turmoil hit housing market

Housebuilding giant Persimmon’s boss cautioned that sales rates seen over the last five months mean completions will be down markedly this year