John Lewis has again warned its staff there may not be a bonus this year, citing a “uniquely uncertain” economic outlook.
In her letter to more than 70,000 partners, who own the business, chair Dame Sharon White said that a successful Christmas was more important than ever this year.
“We...
Sterling tumbled to a fresh 37-year low against the dollar and a 17-month trough on the euro after weaker-than-expected retail sales figures issued today.
Meanwhile, the euro rose to as high as 87.66 pence, its highest level since Feb 2021, It was last up 0.39 percent at 97.52 pence....
European countries can withstand Russia’s gas cuts this winter as supply headaches may have been “successfully solved”, according to analysis by a leading US bank.
Goldman Sachs said the price of gas was likely to more than halve this winter as efforts by EU countries’ to avoid big shortages...
New research exposes the difficulties businesses face accessing finance from mainstream lenders and how alternative solutions can plug the gap.
More than a quarter of business leaders surveyed have had difficulties accessing finance from main banks, over a third say that banks don’t understand their business needs and two...
Rivian Automotive, the electric vehicle start-up backed by Amazon, has agreed to join forces with Mercedes-Benz and start building electric vans in Europe.
The companies will make vehicles at a site in either Hungary, Poland or Romania after signing a memorandum of understanding. Mathias Geisen, the head of Mercedes-Benz...
Renewable and nuclear power generators will be asked to supply electricity well below current market rates through new contracts that critics said risked locking consumers in a bad deal.
Ministers are also understood to have approached several of the biggest North Sea producers about deals to supply gas below...
