Business

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Bank of England to cut interest rates but faces dilemma over future policy decisions

Leading economists have suggested that the Bank of England is unlikely to indicate accelerated interest…

By Staff

McDonald’s UK doubles profit to £120m in 2024 despite job cuts and competition

Profits at McDonald's UK division nearly doubled in 2024 despite slashing more than 2,000 roles,…

By Staff

Heathrow tables ‘shovel ready’ plans for new third runway after rival bid submitted

Heathrow's senior management have submitted their proposal to oversee the hub's long-awaited third runway expansion…

By Staff

Anglo American revenue takes hit as Donald Trump’s trade war dents turnover

Anglo American's revenues have suffered as tariff chaos undermined trading conditions for the mining giant.…

By Staff

Heathrow: Billionaire launches rival bid to run airport’s third runway expansion

The battle to oversee Heathrow's multibillion-pound third runway project has intensified after a challenger confirmed…

By Staff

Shell posts 32% hit to earnings in second quarter amid volatile oil and gas prices

FTSE 100 heavyweight Shell suffered a sharp decline in earnings during the second quarter amid…

By Staff

Klarna secures UK banking licence to take on Monzo and Revolut

Swedish fintech Klarna has been granted an electronic money institution licence by the Financial Conduct…

By Staff

Revolut mulls China launch as fintech giant faces UK regulatory hell

UK fintech powerhouse Revolut is considering a bold move into the Chinese market, which would…

By Staff

Santander UK’s strategic overhaul leads to job cuts and branch closures

Santander UK has seen a significant increase in provisions as it aggressively pursues its transformation…

By Staff

HSBC profit plunges 29% amid China business write-downs, missing market forecasts

HSBC, Europe's largest lender, experienced a 29% annual drop in profit in the second quarter…

By Staff