Anna Wise

London’s FTSE 100 has clawed back some of its losses from a downbeat week (Nick Ansell/PA)
Business News

FTSE 100 edges higher after slow start to the week

The UK’s top share index was up 47.98 points, or 0.59%, to 8,231.05.
30 May 2024
Yorkshire Post owner National World has said it is getting closer to fully automating its newspaper production (Stefan Rousseau/PA)
Business News

Yorkshire Post owner enjoys rising newspaper sales despite media ‘decline’

The regional newspaper group cheered the fact that it has grown revenues ‘in the face of a general sector decline’.
30 May 2024
Anglo American has revealed production cuts to bring costs down (Anglo American/PA)
Business News

BHP walks away from £39bn bid for rival Anglo American

Australia’s BHP said on Wednesday afternoon that it had been unable to reach an agreement with the rival miner over specific issues.
29 May 2024
Global stock indices lagged on Wednesday and the pound hit new highs against the euro (Tim Goode/PA)
Business News

Global investors downbeat while pound nears two-year high against euro

The FTSE 100 was down 71.11 points, or 0.86%, to close at 8,183.07.
29 May 2024
Bloomsbury publishes the Harry Potter titles (Paul Faith/PA)
Business News

Bloomsbury buys US academic publisher in ‘game-changing’ £65m deal

Its boss described the acquisition of Rowman & Littlefield as a ‘game-changer’ which will help accelerate its expansion overseas.
29 May 2024
The UK’s stock markets struggled to get off the ground on Tuesday (Kirsty O’Connor/PA)
Business News

UK stock markets lag as losses for gambling giants weigh on FTSE 100

The blue-chip index was down 63.41 points, or 0.76%, to close at 8,254.18.
28 May 2024
Boohoo has turned its back on plans to award its top bosses bonuses worth £1 million (Ian West/PA)
Business News

Boohoo abandons £1m bonus payouts for top bosses who missed yearly targets

The retailer had reportedly come under pressure after revealing the bumper payouts despite the bosses not meeting their bonus targets for the year.
28 May 2024
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UK

NatWest apologises after mobile and online banking suffer outages

The bank said it is looking into the issue after receiving a swathe of complaints from customers on X, formerly Twitter

28 May 2024
Unseasonable weather had dampened retail sales so lower prices looked set to continue, an influential retail group said (Alamy/PA)
Business News

Furniture and electricals among price cuts as retailers hope to ‘revive’ demand

The rate that prices were rising in shops across the country had returned to normal levels, an influential retail group said.
28 May 2024
Coventry Building Society has finalised its £780 million deal to buy rival lender the Co-operative Bank (Rui Vieira/PA)
Money

Coventry Building Society confirms purchase of Co-op Bank in mega-deal

The tie-up will create a banking giant with millions of customers and about £89 billion worth of assets.
24 May 2024
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Business News

Abrdn boss steps down after overseeing vowel-free rebrand

Stephen Bird will step aside after agreeing with its board that it is the right time for a refreshed leadership, the company revealed.

24 May 2024
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Business News

UK retail sales slump after April showers dampen spending

The amount of items bought across the UK fell by 2.3% in April, following a fall of 0.2% in March, the Office for National Statistics said.

24 May 2024
Fantasy novels by author Sarah J Maas helped sales at Bloomsbury Publishing (Bloomsbury/PA)
Business News

Bloomsbury hails highest ever profit amid fantasy fiction craze

The publisher hailed author Sarah J Maas for driving a surge in popularity for the genre.
23 May 2024
A Holyrood committee has been scrutinising legislation that aims to enhance Scotland’s social security system (Dominic Lipinksi/PA)
Money

Why has inflation fallen and what does it mean for me?

The PA news agency looks at what the latest inflation data means for households and the economy.
23 May 2024
A sale of shares in NatWest to the general public could be in jeopardy after the Prime Minister called a General Election, analysts warn (Matt Crossick/PA)
Business News

NatWest share sale in jeopardy after General Election called, analysts warn

Shares in NatWest were down on Thursday morning following reports that the timing of the election could put the retail share offer on ice.
23 May 2024
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Business News

Nationwide sees profits fall after handing cash to members

The lender said it handed £344 million to its members last year and announced another bonus payment this year.

23 May 2024
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Tech

Octopus Energy launches ‘buy now, pay later’ for solar panels

It means households can spread the cost of installation over several years.

23 May 2024
Prime Minister Rishi Sunak welcomed the fall in inflation (Stefan Rousseau/PA)
Politics

Inflation ‘back to normal’, declares PM despite smaller-than-expected decline

Rishi Sunak said the drop to 2.3% in April is a ‘major milestone’, but he admitted there is ‘more work to do’.
22 May 2024
The latest inflation data will be published on Wednesday (PA)
Business News

Inflation set to fall close to Bank of England’s 2% target, experts predict

The latest Consumer Prices Index inflation data for April will be released on Wednesday.
21 May 2024
Mastercard and Visa do not face enough competition in the payments market, according to the payments watchdog (Andrew Matthews/PA)
Money

Mastercard and Visa raising fees but not improving quality, watchdog warns

The Payment Systems Regulator said it has provisionally concluded the cards market is not working well.
21 May 2024
Naked Wines has seen its shares plummet by as much as 40% as the group cautioned over sales and earnings for the year ahead (Naked Wines/PA)
Business News

Naked Wines says it is becoming ‘leaner and stronger’ after yearly sales drop

The under-pressure business said total revenues were about £290 million over the year to April, down 13% from the previous year.
21 May 2024