Andrew Bailey says cutting interest rates is ‘off the table’ as the Iran war stokes inflation, signalling the Bank of England…
Category: Business
Britain suffers the sharpest wealth slump in the rich world
The average Briton is more than a fifth poorer than in 2020, the steepest wealth fall in the rich world, UBS…
OpenAI in talks to hand Trump’s White House a $43bn stake ahead of $1tn flotation
OpenAI is in talks to hand the US government a 5% stake worth $43bn as Sam Altman courts the Trump administration…
Britain claims world’s third-highest number of billion-dollar start-ups
Britain has overtaken India to claim the world’s third-highest number of unicorns, with a record 80 billion-dollar start-ups worth £242.4bn, led…
Getty walks away from $3.7bn Shutterstock merger after CMA editorial demand
Getty Images has scrapped its $3.7bn merger with Shutterstock after the UK’s CMA made approval conditional on selling Shutterstock’s editorial arm….
Royal Mail’s festive collection cap leaves small firms fearing a lost Christmas
Royal Mail is capping festive business collections at three times normal capacity, and small firms warn the limit could throttle growth…
Northern Powerhouse Rail risks becoming ‘another HS2’, MPs warn
MPs on the public accounts committee warn Northern Powerhouse Rail risks an HS2-style fiasco, with no detailed design after 12 years…
Whatsapp to let people chat by swapping usernames instead of phone numbers
WhatsApp is rolling out usernames so its three billion users can connect without revealing a phone number. Here is what it…
Barclays buys its Canary Wharf home in £750m vote of confidence for London
Barclays has bought a 999-year leasehold on its One Churchill Place global HQ for £750m, in a deal hailed as a…
Brompton sells stake to Decathlon and Chinese backer in £18m deal
Brompton has sold a 15% stake to Decathlon and China’s BA Capital in an £18m deal to fund expansion in France…