A third of business owners have said they plan to cut more jobs after being hit by higher national insurance contributions (NICs) in April, according to new research.more
Britons are braced for higher prices at the pumps after a rise in oil prices caused by the conflict between Israel and Iran in recent days.
Oil prices climbed in early trading on Monday as traders worried about the risks of a broader regional military conflict, which could disrupt supplies.more
Around 27 million mobile phone customers have been promised better coverage “at no extra cost” within months as a result of the merger between Vodafone and Three, the firm has announced.more
Gross domestic output shrank by a larger-than-expected 0.3% in April from March - the biggest monthly drop since October 2023 and more than the 0.1% fall forecast in a Reuters poll, following 0.2% growth in March.more
Four in 10 UK-based entrepreneurs are considering moving their firm overseas, a fresh poll has found, in further evidence the government’s crackdown on wealth and Britain’s stagnant economy are driving people away from the country.more
Struggling budget chain Poundland has been sold for £1 and now faces a shake-up which could see up to 100 stores close, the BBC understands.
Its owner Polish firm Pepco confirmed it had sold the brand for a "nominal" sum to US investment firm Gordon Brothers.more
The UK economy suffered its worst contraction for a year and a half in April as taxes increased for businesses, household bills jumped and exports to the US plunged.
The economy shrank by 0.3%, more than the 0.1% fall predicted by experts - marking the steepest monthly decline since October 2023.more
Brits select Rolls Royce as SMR reactor supplierThe UK government-owned Great British Energy-Nuclear yesterday named Rolls Royce SMR as the supplier of small nuclear reactors. The winning technology will get government backing, with the new reactors scheduled to start up in the mid-2030s.more
Elon Musk, one of the world's richest men and until recently a close associate of US President Donald Trump, lost $34bn in a public feud with him yesterday, Bloomberg reported.more
Vodafone has completed its £15 billion mega-merger with Three UK in a deal creating a “new force in UK mobile”.
The mobile phone giant said the merger of the UK network businesses officially completed on May 31, nearly two years after it was first announced.more
Asda’s share of the grocery market has fallen to a record low in a fresh setback for the struggling supermarket.
New figures show that Asda’s market share fell to 12.1pc in the 12 weeks to May 18, which is the lowest level since Kantar started collecting data in 2011.more
Elon Musk is leaving the US administration, where he served as one of President Donald Trump's top advisers and head of the Department of Government Effectiveness (DOGE).more
KFC is to invest almost £1.5bn and create thousands of jobs in the UK and Ireland over the next five years, as the fast-food chain seeks to capitalise on the booming popularity of fried chicken.more
Poland ranks fourth in Europe in terms of toy production value. They are mainly sold to other EU markets, but in the last year their export to China has definitely increased the most - reports "Rzeczpospolita" today.more
US President Donald Trump announced yesterday that after a conversation with the chairwoman of the European Commission Ursula von der Leyen, he decided to stop applying 50 percent. customs duties on goods from the EU on June 1. Trade talks between the two parties are to resume soon.more
Sunny spring weather sent shoppers flocking to supermarkets and specialists such as butchers, bakers and alcohol outlets last month, fuelling the strongest quarterly increase in retail sales in Great Britain in almost four years.more
The reputation of the major companies owned by Elon Musk has fallen from the top of the rankings to the bottom, a Harrison Poll showed, quoted by the Axios website on Tuesday. Tesla, which was in 8th place in 2021, is now ranked 95th.more
Wedel is working on another investment, in a new production line. It also does not rule out acquiring a factory, as well as going outside the chocolate business, the company's 2024 activity report stated.more
Thousands of high street jobs are at risk in a Poundland rescue deal that could trigger sweeping store closures.
Bidders for the beleaguered retailer have identified as many as 200 loss-making stores that could be ditched as they put the finishing touches to takeover proposals this weekend.more
The InPost Group plans to expand its network of Paczkomat devices by more than 14,000 this year. Investments are expected to reach around PLN 1.8 billion, of which the company plans to spend around 60 per cent on network expansion, InPost said in a press release last week.more
An American fast food chain that has won the hearts of consumers from Ohio to Dubai is preparing to enter the Polish market. Talks with a franchisee are entering a decisive phase, ‘Puls Biznesu’ reports today.more
A leading UK business lobbying group is calling for a major reset of relations with the European Union, urging both sides to "build bridges" and move beyond Brexit divisions.more
Plans to help London’s bars and restaurants offer al fresco dining have been boosted after Sir Sadiq Khan announced a £300,000 fund to support venues and extend their opening hours. more
Spain has allocated €1.6 million to investigate the possibility of connecting Africa with Europe via an underwater tunnel from the Iberian Peninsula to Morocco.more
