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Category: Business News

No-deal Brexit warning for UK drivers

Image copyright Reuters If UK motorists plan to drive abroad after 29 March, they need to act soon or risk breaking the law. That’s because a no-deal Brexit would...

Housing market outlook worst ‘for 20 years’

Image copyright Getty Images The housing market outlook over the next three months is the worst for 20 years, surveyors say. A net balance of 28% of Royal Institution of...

Wylfa Newydd: Hitachi to halt work on UK nuclear plant

Image copyright Horizon Nuclear Hitachi has announced it will suspend work on a £20bn nuclear plant in the UK because of rising construction costs. The decision puts...

Brexit uncertainty hits house purchases

Image copyright PA The West Midlands had the strongest annual house price growth across the UK in the 12 months to November 2018. But housing activity in southern...

Chancellor hints at Article 50 delay

Image copyright AFP Chancellor Philip Hammond has raised the possibility of an extension to Article 50, the process by which the UK is due to exit the EU. In a call with...

Inflation falls to lowest level in nearly two years

Image copyright PA The UK inflation rate fell to 2.1% in December, from 2.3% the previous month, according to the Office for National Statistics (ONS). The Consumer...

Boohoo remains in fashion as sales surge

Image copyright PrettyLittleThing Sales at Boohoo grew strongly in the last four months of 2018, in another sign that people are choosing online shopping over the High...

German economic growth slowest for five years

Image copyright Getty Images Germany’s economy grew by 1.5% last year, its slowest rate since 2013, the latest official figures show. Figures from the Federal...

M&S names next 17 stores it wants to close

Image copyright PA Marks and Spencer has named the next wave of stores earmarked for closure in its reorganisation plan, including those in Huddersfield, Hull and Luton....

US wildfires push energy firm PG&E to bankruptcy protection

Image copyright AFP A Californian energy firm has said it plans to file for bankruptcy protection as it faces huge costs from last year’s wildfires. Pacific Gas...