Business

Thames Water debt downgraded to junk status by Moody's credit agency with effective nationalisation…

It is now even harder and more expensive for the UK's biggest water provider to borrow money as leading credit ratings agency Moody's has downgraded…

Callers to Department for Work and Pensions left on hold for collective wait of 753 years, report says

People phoning the Department for Work and Pensions (DWP) collectively spent more than 753 years waiting for calls to be answered in 2023/24, a report…

Chancellor Rachel Reeves to woo Canadian pension funds amid 'Big Bang' push

Rachel Reeves is to hold talks with a group of Canadian retirement funds which have invested tens of billions of pounds into the British economy in…

CrowdStrike gives update on cause of global IT crash

CrowdStrike, the cybersecurity firm behind last week's major global IT crash, has blamed a bug in its quality control mechanism for the carnage.

The radical surgery to revive Durex maker Reckitt is not without risks

The notion that, occasionally, you must do some heavy pruning to encourage growth is known to gardeners everywhere.

EasyJet eases jitters on tough summer for aviation after Ryanair warning

Airline stocks have recovered some poise following an upbeat assessment of summer bookings issued by easyJet.

Classic Nestle chocolate bar to return to UK shelves one last time

After the revival of popular Cadbury's chocolate bar Top Deck earlier this year, we asked readers which discontinued treat they would like to see brought…

Tesla takes hit - as Elon Musk says shift towards affordable models is proving expensive

Shares in Tesla have taken a hit after the electric vehicle maker published a 45% decline in quarterly profits and warned cost reduction targets were…

Banks face new rules to secure access to cash from September

Efforts to secure access to cash for consumers and businesses are being stepped up through a series of new rules to be imposed by the City watchdog,…

Monarchy to get £45m funding boost as Crown Estate profits top £1bn

From a bumper income on the way for the royal family, to the King's new solar panels and helicopters, and Prince William keeping his Duchy of Cornwall…

Adidas apologises to Bella Hadid after pulling 1972 Olympic shoe campaign called 'sick' by antisemitism…

Adidas has apologised to Bella Hadid after the supermodel was removed from a campaign that referenced an Olympics at which Israeli athletes were killed…

Labour may have to discourage people from using trains after Sunak axed HS2 northern leg, watchdog says

Rishi Sunak's decision to cancel HS2 between Birmingham and Manchester will lead to reduced capacity on passenger trains to the North West and could…

'Mini-Melrose’ plots £50m London stock market listing

A specialist engineering and manufacturing group which resembles the prominent acquisition vehicle Melrose Industries is plotting a £50m London…

Labour told to 'take on net zero nimbys' to help lower bills

The new government should roll up its sleeves and take on "net zero nimbys" if it wants to green the UK's power and economy, a thinktank has said.

Pension problem: Fears of retirement crisis resurface as number saving enough collapses

It's no secret that many Britons do not save enough to live off in retirement.