The Wayback Machine - https://web.archive.org/web/20230327235832/https://www.standard.co.uk/business/business-news

Follow us:

BREAKING
3h Sharp rise in mental health sick days at London Fire Brigade
4h Man ‘robbed at gunpoint by teenage gang’ on Clapton street
1h New strike misery as schools face action and civil servants to walkout
3h Man suing Paltrow describes ‘blood-curdling scream’ before crash
8h Prince Harry drags William into legal war with publisher
7h Humza Yousaf calls for unity as he wins SNP leadership contest
Business News
The report looks at the offshore industry (Andrew Milligan/PA)
(Jacob King/PA)
Business News
6m

Nursing staff in England to vote on new NHS pay offer

The vote comes after six days of strikes since December.
Business News
6m

Increasing cost of sugar drives shop prices to record in March

Shop prices are now 8.9% higher than they were a year ago, according to the BRC-NielsenIQ Shop Price Index.
Business News
29m

‘Stop moaning’ and show ambition on green energy, Miliband to tell Government

The shadow climate secretary will use a speech on Tuesday to stress Labour’s ambition on green investment.
Business News

Flights cancelled during Easter getaway as airport security guards strike

Members of the Unite union at Heathrow will walk out for 10 days on Friday after talks to avert the action failed last week.
Business News

Spike in economic inactivity was unexpected after the pandemic – Bailey

The Bank of England governor said experts had tipped a jump in unemployment as furlough ended in September 2021.
Business News

Civil servants to strike throughout April in build-up to huge walkout

The PCS said the major walkout will take place on April 28 in an escalation of the long-running dispute over pay, jobs, pensions and conditions.
Business

A brighter day — but we’re still close to the edge of panic

City Comment: We’re never more than a day away from a fresh bout of panic

Business News

Tortilla swings to loss after ‘unprecedented’ food and energy inflation

But the Mexican food chain insisted sales were doing well as more people opt for value-for-money meals over dining out.
Business News

Businesses ‘face £300m-per-year bill under new Government proposals’

New proposals would leave companies with extra paperwork to filll out.
Business News

Ovo launches energy deal below Government price cap

The company is offering a deal to existing customers that is cheaper than the Energy Price Guarantee.
Business News

‘Tragedy’ if John Lewis ownership model changes , says ex boss

Reports last week suggested the company is considering ending its 100% staff-owned structure

Business News

‘Economy 4% lower than if UK had remained in European Union’

OBR chairman Richard Hughes said the effect of Brexit on the economy is on the ‘magnitude’ of the coronavirus pandemic and rising energy prices.
Business News

Next to unveil higher sales and profits despite consumer spending pressure

Next will reveal on Wednesday how it performed over the year to January.
Business News

MP calls for law change to help John Lewis remain employee-owned

Labour former minister Gareth Thomas said his reforms would act as ‘rocket fuel’ for staff-owned businesses like retail giant John Lewis.
Business News

Deal sees Post Office workers offered 9% pay rise and up to £3,000 lump sums

The deal, endorsed by the Communication Workers Union’s postal executive, will be put to a ballot of members.
Business News

Mary Portas warns John Lewis has ‘let go of its soul’

The company is considering ending its employee-owned business structure in order to attract investment.
Business News

Dog chews instead of chicken breasts among unusual store delivery substitutions

Almost half of supermarket deliveries included a substitute item over the last 12 months, Which? found.
Business News

Unions should not comply with new minimum service laws, says FBU chief

Fire Brigades Union general secretary Matt Wrack has called for ‘mass non-compliance’ with the proposed laws.
Business News

Holidaymakers need ‘careful planning’ to find bargain destinations – report

Typical tourist items are higher in four out of five popular resorts and cities compared with a year ago, according to Post Office Travel Money.
Business

West End office demand bounces back, but rest of London lags behind

The amount of office space occupied in the West End increased by over 1 million sq ft in 2022

Business News

Banks drag European markets lower amid Deutsche Bank woes

The FTSE 100 moved 1.26%, or 94.15 points, lower to finish at 7,405.45.
Business News

Business groups hit back at Bank boss for saying price rises ‘hurt people’

Campaigners warned there could be business failures and job losses if companies do not raise prices above inflation.
Business News

Bank governor warns of inflation danger as he pleads with firms on prices

Andrew Bailey also said that there is a ‘pretty strong likelihood’ that the UK avoid a recession this year.
Business

Retail sales bounce points to resilience of UK economy

Valentine’s Day bargain hunters help power stronger-than-expected sales rise

Business News

Market jitters return as cost of insuring against Deutsche Bank collapse soars

Shares in the German banking giant dropped by around 14% on Friday morning.
Business

Game of Thrones Fabergé egg helps Gemfields hatch record revenues

London-listed rubies and emeralds producer is planning a 007 Fabergé piece

Business

Wetherspoons resumes staff bonus with boss optimistic on inflation

Martin also said supply issues, which have now “largely disappeared”, had been caused by the pandemic reopening rather than Brexit

Business

The woman who holds the second-worst job in Britain

City Voices: Dame Sharon White should stick to her guns at John Lewis

Business News

Wes Streeting: I do not support the junior doctors strike

But Labour’s shadow health secretary said junior doctors are not being ‘unfair or unreasonable’ in their pay demands.
Business News

Retailers see strong month as customers pick home meals over restaurants

Some discount shops also recorded strong volume growth in February, the Office for National Statistics said.
Business News

Rise in consumer confidence masks ‘stark reality’ of cost-of-living crisis

GfK’s long-running Consumer Confidence Index increased two points in March, rising to an overall score of minus 36.
Business

Bank of England no longer expects 2023 recession

The announcement came as the bank announced it would raise interest rates to 4.25%

Business

Playtech boss cools on takeover support

“Throughout all of the period, my focus was growth, and I think that is reflected in our results,” he said

Business News

Bank of England ‘more optimistic’ UK can avoid recession as rates hiked again

Interest rates were lifted to 4.25% from 4% in what economists think could be the final time that interest rates go up.