Business

London restaurateurs behind The Wolseley line up Hertz backer in battle with Thais

The restaurateurs behind some of London’s landmark dining outlets are lining up financial backing from a US-based fund that placed one of the…

Surging inflation pushes cost of servicing govt debt to December record of £8.1bn

Interest payments on government debt hit a record £8.1bn for the month of December because of surging inflation, according to official figures.

Consumer complaints about business reach record high in UK due to COVID shortages

Britons complained more about their treatment at the hands of businesses last year than any other on record, according to a long-running consumer survey.

Under-pressure Unilever to announce thousands of job cuts

Consumer goods giant Unilever is preparing to cut thousands of management jobs across the business in a "major initiative" due to be announced within…

FTSE 100 slumps and gas prices surge as Russia crisis adds to cocktail of anxieties for markets

The FTSE 100 has seen £53bn wiped off its value amid a global markets sell-off as tensions between Russia and Ukraine add to a cocktail of investor…

Warning over electricity blackouts for Europe if temperatures fall

Analysts have warned of the risk of electricity blackouts in Europe if average temperatures fall.

Embattled Johnson assembles new slate of business advisors

The bosses of some of Britain's biggest companies have been invited to advise Boris Johnson amid suggestions that some executives are taking a more…

Asset management veteran Gilbert closes in on deal to buy River and Mercantile

Martin Gilbert, the City veteran, is closing in on a deal to take control of River and Mercantile Group (R&M) as he continues his latest quest to build…

Treasury minister Lord Agnew resigns over government's 'lamentable' record on tackling COVID business…

A minister has resigned at the despatch box after criticising the government's record on tackling fraud in the coronavirus business schemes.

Russia-Ukraine tensions: How the Nord Stream 2 pipeline has been controversial from the start

Nord Stream 2 is a new gas pipeline which runs from Russia to Europe - but concerns about energy supplies are escalating amid Russian tensions with…

COVID-19 tests for fully vaccinated travellers arriving in England to be scrapped from 11 February

COVID tests for fully vaccinated travellers arriving in England are being scrapped from 4am on 11 February, Grant Shapps has confirmed.

Banknote printer De La Rue counts cost of 'significant COVID headwinds'

Banknote printer De La Rue says a pronounced leap in "COVID headwinds" in recent months has knocked its profit expectations and warned of further efficiencies…

Rapid delivery app Getir aims to create 6,000 UK jobs this year

Getir, the rapid grocery delivery firm, has revealed it expects to create 6,000 jobs in the UK this year.

AnyVan picks up former Just Eat backer Vitruvian for £125m fundraising

A British logistics technology company that has facilitated millions of courier assignments is raising £125m to fund its expansion.

Omicron variant and rising prices combine to cool activity in UK services sector

Business output took a hit this month from rising prices and restrictions to curb the spread of the Omicron COVID variant, according to a closely watched…