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Business analysis and news

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LiveBusiness

Business news live: FTSE 100 falls, River Island announce 33 closures

Stock markets latest updates and business news on Friday

<p>Inflation shot back up to 3.5 per cent in April</p>
Money

How rising inflation impacts your mortgage and savings

<p>Representatives for the company have decided to walk away from their positions over changes to pay structures </p>
Business

Furious Avon sellers are walking away after huge commission cuts

£275 million will be invested in skills to train Britons to do jobs in growth industries (PA)
Business

Starmer puts skills training at heart of industrial strategy plan

Britain’s creative industries are set to be one of the big winners when the Government unveils its industrial strategy next week. (PA)
Business

Creative industries to get £380m boost ahead of industrial strategy launch

Anthony Constantinou remains on the run after he fled the UK during his 2023 fraud trial (Hannah McKay/PA)
Business

Fraudulent City boss ordered to pay back £64 million

Falls in heavyweight oil and drug stocks offset hopes for progress in the Israel-Iran conflict (Danny Lawson/PA)
Business

Weak retail sales and falls in key oil and drug stocks stifle FTSE 100

Stock markets latest

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Business

London suffers £10bn stock market hit as major firm to leave for US

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Business

Stock markets rise after Trump tariffs blocked by court

<p>TRUMP-ARANCELES-CHINA</p>
China

Could US and China pause be a turning point in Trump-Xi trade war?

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Business

FTSE 100 lags Europe in stock markets’ response to US-China trade deal

E2E Tech

<p>Shalini Khemka, CBE, Founder & CEO, E2E</p>
SPONSORED

The E2E Tech 100 Track 2025 revealed

<p> Shalini Khemka, CBE. Founder & CEO, E2E</p>
SPONSORED

The E2E Tech 100 Track 2025

Latest business news

H&M is to update investors on Thursday (Mike Egerton/PA)
Business

H&M sales expected to edge higher as turnaround continues

Mulberry said it is focusing on reducing its carbon footprint with a low-carbon collection. (Mulberry / PA)
Business

Mulberry in talks over £20m cash-call as losses widen

<p>Chancellor Rachel Reeves and deputy prime minister Angela Rayner with Rob Perrins, new chair of Berkeley Group, during their visit to the Oval Village project in London</p>
Business Comment

Angela Rayner must learn lessons from housebuilders to succeed

<p>Prosecutors alleged that Korfuzi used the Covid lockdown as cover for his operation</p>
Business

Ex-analyst guilty of £1m insider trading under cover of Covid lockdown

River Island has unveiled a restructuring plan which will see it shut 33 shops (Mike Egerton/PA)
Business

Hundreds of jobs at risk as River Island plans store closures

Chancellor Rachel Reeves increased employer national insurance contributions in April (Owen Humphreys/PA)
Business

Tax hike fears mount after government borrowing jumps in May

(Stefan Rousseau/PA)
Business

Government borrowing jumps despite boost from national insurance hike

<p>New Berkeley chief executive Rob Perrins (left), with chancellor Rachel Reeves and deputy prime minister Angela Rayner</p>
Business

Berkeley Group announces new executive chair to lead 10-year strategy

E2E Tech

Partner Content
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E2E Tech 100: The problem with one-size-fits-all banking

<p>Jamie Samaha, Reward CEO</p>
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E2E Tech 100: How Reward is revolutionising customer loyalty with AI

<p>Ana Kirova, Feeld</p>
SPONSORED

“We built what we couldn’t find”: Feeld’s CEO on redefining dating

Explore news for you

More business news

Consumer confidence rose two points but remains firmly in negative territory at minus 18 (PA)
Business

Consumer confidence up in June amid ‘dark shadow’ of inflation and war

The Bank of England (Aaron Chown/PA)
Business

Stocks dip as Bank of England leaves interest rates unchanged

Thames Water creditors have asked regulators to be lenient over fines and penalties (Dominic Lipinski/PA)
Business

Government will not be lenient with Thames Water creditors, suggests Reed

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Business

Amazon tells 1.5m staff that AI will replace ‘some of their jobs’

Morrisons said it bounced back from a cyber attack as it warned that rising inflation is driving ‘subdued’ sentiment among shoppers (Mike Egerton/PA)
Business

Morrisons ‘bounces back’ from cyber attack despite pressure on shoppers

(Jeff Moore/PA)
Business

Aim boss makes plea to boost market’s appeal after inheritance tax blow

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Business

Amazon tells 1.5m staff that AI will replace ‘some of their jobs’

Morrisons said it bounced back from a cyber attack as it warned that rising inflation is driving ‘subdued’ sentiment among shoppers (Mike Egerton/PA)
Business

Morrisons ‘bounces back’ from cyber attack despite pressure on shoppers

(Jeff Moore/PA)
Business

Aim boss makes plea to boost market’s appeal after inheritance tax blow

People are being urged to shop around for a cheaper energy deal (Alamy/PA)
Business

UK inflation to edge higher if oil prices push up energy costs, experts warn

Business

UK inflation to edge higher if oil prices push up energy costs, experts warn

People are being urged to shop around for a cheaper energy deal (Alamy/PA)
Insolvency specialist Begbies Traynor has warned that higher wage bills and prospects for fewer interest rate cuts will keep company failures at high levels, as it revealed its own cost hit from the recent Budget (Alamy/PA)
Business

UK inflation set to cool as prices settle following April bill rises

The risk of Britain having power outages this winter is lower than it has been for the past six years, new forecasts show (Gareth Fuller/PA)
Business

Britain’s risk of power outages this winter lowest since pre-Covid, Neso says

Nissan has unveiled the new Leaf model (Nissan/PA)
Business

Nissan unveils new Leaf electric car

Ofgem found Utilita failed to pass on the mandatory discount to more than 4,000 customers over 2023 to 2024 (PA)
Business

Utilita to pay £277,000 for Warm Home Discount payment failures

Ofgem found Utilita failed to pass on the mandatory discount to more than 4,000 customers over 2023 to 2024 (PA)
Business

Utilita to pay £277,000 for Warm Home Discount payment failures

Recruiter Hays has warned that its annual profits could fall short of expectations (Owen Humphreys/PA)
Business

Recruiter Hays warns over profits as hiring slump in German car sector worsens

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Money

Will interest rates be cut today? Key factors and 2025 predictions

<p>Revolution Beauty, which sells make-up and cosmetics online and through concessions, had formally put itself up for sale last month</p>
Business

Fraser Group makes decision on Revolution Beauty takeover

Premier Inn owner Whitbread has posted falling sales amid a ‘challenging’ UK market and a major restaurant overhaul (Mike Egerton/PA)
Business

Whitbread sales under pressure amid overhaul and tough UK market

<p>Waitrose has revealed plans to open its first full-size supermarket for seven years</p>
Business

Waitrose announces new supermarket plans and store upgrades

The Bank of England in the City of London (Yui Mok/PA)
Business

Bank of England ‘unlikely’ to cut interest rates as inflation pressure grows

A 20.8 billion euro bailout saved the lender nine years ago (Niall Carson/PA)
Business

Ireland completes disposal of AIB shares

The RTS energy meter system allows consumers to use cheap rate electricity (Alamy/PA)
Business

Switching off RTS energy meter system to be delayed, says Government

Business

UK inflation rate holds at 3.4 per cent – but risk remains

The FTSE 100 index closed up 9.44 points (PA)
Business

FTSE 100 nudges up ahead of Fed decision following broadly expected CPI data

Transport Secretary Heidi Alexander told the Commons there is ‘no route’ to meet the target date of having HS2 services running by 2033 (Andrew Matthews/PA)
Business

Minister says she will ‘sort out’ HS2 and confirms opening will be delayed

Business

Minister says she will ‘sort out’ HS2 and confirms opening will be delayed

Transport Secretary Heidi Alexander told the Commons there is ‘no route’ to meet the target date of having HS2 services running by 2033 (Andrew Matthews/PA)
A view of banknotes (Gareth Fuller/PA)
Business

Bank of England ‘unlikely’ to cut interest rates as inflation pressure grows

<p>Keep your head above water: Effective water management helps organisations improve efficiency, reduce costs and meet sustainability goals</p>
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Water-smart strategies help businesses save energy and cut carbon

<p>A new approach: The Zero Waste Forum aims to tackle the patterns and lifestyles that generate waste in the first place</p>
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Zero waste: turning vision into action

<p>Out of the spotlight: It’s the companies working behind the scenes that help keep aircraft flying safely and reliably</p>
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Ontic: the company keeping planes in the sky

<p>Out of the spotlight: It’s the companies working behind the scenes that help keep aircraft flying safely and reliably</p>
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Ontic: the company keeping planes in the sky

<p>Pay attention: How artificial intelligence is rescuing overwhelmed security teams from alert fatigue </p>
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The AI revolution that’s transforming cyber-security operations

<p>Striking a balance: Today’s retailers must weigh up agility, profitability and rising customer expectations</p>
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Redefining retail security: how to empower while protecting profits

<p>Still evolving: Digital transformation in document management is an ongoing journey</p>
SPONSORED

Digital transformation in document management

<p>Need an escape plan? Here’s how to come back from ‘digital transformation’ tools that didn’t deliver</p>
SPONSORED

Tech taxes: the real cost of being missold ‘digital transformation’

<p>The loyalty gap: Retail media spend is surging; customer loyalty is stagnating</p>
SPONSORED

Mind the personalisation gap: retail media’s loyalty challenge

<p>The future of product management: It’s not about building faster, but leading smarter</p>
SPONSORED

The future of product management: shipping faster to leading smarter

<p>Moving forward: F&B companies must build more resilient, responsive, and sustainable operations</p>
SPONSORED

Food and beverage companies shift to future-ready operations

<p>Time for the shift: Companies must rethink processes for the AI first era</p>
SPONSORED

Worth talking about: the future of conversational AI in business

<p>No longer sustainable: The way we heat and power our buildings has to change</p>
SPONSORED

Rewiring Britain: a national mission to decarbonise our buildings

Sabadell and Santander declined to comment on the speculation (Mike Egerton/PA)
Business

Santander approaches TSB’s Spanish owner over possible takeover – reports

The opening of HS2 will be delayed beyond the planned date of 2033, the Government will confirm (Jonathan Brady/PA)
Business

HS2 opening to be delayed beyond 2033

Business

HS2 opening to be delayed beyond 2033

The opening of HS2 will be delayed beyond the planned date of 2033, the Government will confirm (Jonathan Brady/PA)
The annual rate of inflation for chocolate is at its highest level since current records began (Paul Greenwood/Alamy/PA)
Business

Examples of where inflation jumped in May – and where it eased

Imperial Leather and Carex soap firm PZ Cussons has trimmed the top end of its profit guidance and announced plans to sell its half of a Nigerian oils business (Alamy/PA)
Business

PZ Cussons narrows profit guidance and sells stake in Nigerian palm oil firm

Speedy Hire said it was impacted by ‘challenging market conditions’ (Philip Toscano/PA)
Business

Speedy Hire warns over ‘challenging’ conditions amid depot closures

Online electricals retailer AO World has revealed that annual profits almost trebled despite falling sales and said it remains on track to bounce back with double-digit revenue growth over the year ahead (AO Wolrd/PA)
Business

AO World looking to automation and offshoring in face of wage cost surge

Online electricals retailer AO World has revealed that annual profits almost trebled despite falling sales and said it remains on track to bounce back with double-digit revenue growth over the year ahead (AO Wolrd/PA)
Business

AO World looking to automation and offshoring in face of wage cost surge

<p>Man shopping in a supermarket while on a budget. He is looking for low prices due to inflation. He is living in the North East of England.</p>
Business

UK inflation figures explained and why they are not what they seem

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Business

The reason why inflation figures are being reported differently today

Unite said strike action had been suspended as ‘an act of good faith’ while members were balloted on the new offer (Peter Byrne/PA)
Business

Bus driver walkout to be suspended after new pay offer, says union

The bakery and coffee shop business said it was particularly buoyed by an ‘outstanding’ performance over the final quarter (Ole and Steen/PA)
Business

Ole & Steen posts stronger profits after efforts to ‘win back more customers’

The group saw like-for-like sales lift 7% to £1.11 billion (Alamy/PA)
Business

AO World delivers record profits as sales jump higher

Tensions in the Middle East are putting investors on high alert (Suzanne Plunkett/PA)
Business

Middle East tensions keep FTSE 100 on back foot

US President Donald Trump, left, holds the UK-US trade deal document with Prime Minister Sir Keir Starmer (PA)
Business

Uncertainty continues over steel tariffs after Trump deal

Insolvency specialist Begbies Traynor has warned that higher wage bills and prospects for fewer interest rate cuts will keep company failures at high levels, as it revealed its own cost hit from the recent Budget (Alamy/PA)
Business

UK inflation set to cool as prices settle following April bill rises

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Business

Starmer warned British jobs at risk without better Trump trade deal

Energy Secretary Ed Miliband said the ‘unprecedented’ collaboration would help deliver clean energy jobs, energy security and lower bills (Ben Birchall/PA)
Business

Public-private deal to invest £1bn in offshore wind supply chains unveiled

Minister for Finance Paschal Donohoe (Brian Lawless/PA)
Business

Pay cap of 500,000 euro at AIB and PTSB removed, Finance Minister says

Business

Pay cap of 500,000 euro at AIB and PTSB removed, Finance Minister says

Minister for Finance Paschal Donohoe (Brian Lawless/PA)
<p></p>
Business

Businesses may be forced to tell you how much your colleagues are paid

<p>Poundland intends to close 68 stores and two warehouses</p>
Business

Poundland sale risks more than a thousand jobs as 68 stores to close

(PA)
Business

Water sector needs ‘root-and-branch’ reform, MPs say

Outsourcing giant Capita has revealed falling sales but said it plans to reinvest some cost cutting efforts into artificial intelligence (AI) as it looks to ‘future proof’ the business (Alamy/PA)
Business

Capita using cost savings to invest in AI push

Outsourcing giant Capita has revealed falling sales but said it plans to reinvest some cost cutting efforts into artificial intelligence (AI) as it looks to ‘future proof’ the business (Alamy/PA)
Business

Capita using cost savings to invest in AI push

Oil prices have risen after the attack on Iran (PA)
Business

Oil prices soar after Israel launches strikes on Iran’s capital

Ashtead has warned over profits (Alamy/PA)
Business

Ashtead reveals profit dip amid weaker demand for used equipment

<p>Aviva shareholders will own approximately 87.5% of the new company while Direct Line shareholders will own about 12.5%</p>
Business

Aviva set to complete £3.7bn takeover of Direct Line

An oil rig in the North Sea (Danny Lawson/PA)
Business

Banks significantly increased fossil fuel financing in 2024, analysis finds

TSB’s Spanish owner has said it has received takeover interest for the UK banking firm (Aaron Chown/PA)
Business

TSB’s Spanish owner considers sale of UK banking business

US President Donald Trump and Prime Minister Sir Keir Starmer (Suzanne Plunkett/PA)
Business

Trump says US-UK deal ‘done’ as steel tariffs still up in air

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Business

Businesses plan further job cuts after national insurance hikes

The Scunthorpe steelworks will supply products to Network Rail (PA)
Business

Rail deal worth £500m will help save Scunthorpe steelworks, says minister

US President Donald Trump and Prime Minister Sir Keir Starmer (Suzanne Plunkett/PA)
Business

Trump says US-UK deal ‘done’ as steel tariffs still up in air

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Business

Businesses plan further job cuts after national insurance hikes

The Scunthorpe steelworks will supply products to Network Rail (PA)
Business

Rail deal worth £500m will help save Scunthorpe steelworks, says minister

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Business Comment

The end of WFH teaches us an important lesson about bad bosses

Prime Minister Sir Keir Starmer films a broadcast interview ahead of the G7 leaders’ summit in Kananaskis, Alberta, Canada (Suzanne Plunkett/PA)
Business

Starmer and Trump to hold ‘one-on-one’ talks at G7 in push to wrap up trade deal

The FTSE 100 index closed up 24.59 points, 0.3%, at 8,875.22, just shy of its record closing peak of 8,884.92 posted last Thursday and the all-time high of 8,908.82, recorded in March (John Stillwell/PA)
Business

Stocks up on hopes of thaw to Middle East tension

Jaguar Land Rover has warned that profits will be impacted by US tariffs (Jaguar Land Rover/PA)
Business

Jaguar Land Rover warns US tariffs will hit profit margins

<p>Metro Bank returned to profitability after overhauling its costs (Tim Goode/PA)</p>
Business

Investors welcome rumour of Metro Bank takeover

Shares in Metro Bank have jumped by more than a 10th as investors welcome reports of a possible takeover (Mike Egerton/PA)
Business

Metro Bank shares soar as investors welcome possible takeover approach

Ladbrokes and Coral gambling giant Entain has seen its shares rise (PA)
Business

Entain shares surge on earnings upgrade for US joint venture

Peel Hunt said there had been historically low levels of equity capital markets activity in the UK (Steven Paston/PA)
Business

Losses widen for City banker Peel Hunt amid dearth of UK stock market listings

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