UK economic growth revised downwards

UK economic growth revised downwards

Image copyright Getty Images The UK economy expanded by less than previously thought in the last three months of 2017, official figures say. GDP grew by 0.4% in the October-to-December period, the Office for National Statistics (ONS) said, down from the initial estimate of 0.5%. The revision was due to slower growth in production industries, […]

British Gas owner Centrica to cut 4,000 jobs after ‘weak’ year

British Gas owner Centrica to cut 4,000 jobs after ‘weak’ year

Image copyright Centrica Centrica, which owns British Gas, is cutting 4,000 jobs, after what its chief executive called a “weak” end to 2017. Iain Conn said plans for a price cap in the UK was one reason for the job losses, just over half of which will be in the UK. The energy supplier, which […]

UK unemployment rises for first time in two years

UK unemployment rises for first time in two years

Image copyright Reuters UK unemployment has increased slightly for the first time in two years. The rate of unemployment rose from 4.3% to 4.4% for the three months to the end of December, the Office for National Statistics said. Despite the slight increase in the unemployment rate, the total number of those in work increased […]

AA share price plunges on profit warning

AA share price plunges on profit warning

Image copyright PA AA shares have fallen by over a fifth after the firm warned that its full-year profit will fall short of analysts’ expectations. The roadside recovery and insurance group expects underlying income to reach between £335m and £345m for 2019. City analysts had forecast that profit would hit around £390m. The AA blamed […]

KFC shuts more stores in chicken crisis

KFC shuts more stores in chicken crisis

Image copyright Getty Images KFC has closed more of its outlets in the UK after delivery problems meant it ran out of chicken. Its website shows that 575 of the fast-food chain’s 900 outlets in the UK and the Republic of Ireland were shut as of 21:00 on Monday night. That compares with 562 that […]

William Hill fined £6.2m by Gambling Commission for lax controls

William Hill fined £6.2m by Gambling Commission for lax controls

Media captionTim Miller of the Gambling Commission said the penalty could rise if more people come forward Betting firm William Hill has been hit with a £6.2m penalty package for breaching anti-money-laundering and social responsibility regulations. The Gambling Commission said the company did not do enough to ensure prevention measures were effective. As a result, […]

Carillion investors were ‘fleeing for the hills’

Carillion investors were ‘fleeing for the hills’

Image caption The collapse of Carillion has delayed the opening of the new £335m Royal Liverpool Hospital Carillion’s investors fled the failing company as it headed for disaster, according to MPs. The construction firm’s annual reports were a worthless guide to its financial health and raise major questions about corporate governance, the MPs say. The […]

Not so finger lickin’ good: KFC runs out of chicken

Not so finger lickin’ good: KFC runs out of chicken

Image copyright Justin Sullivan/Getty Images Fast-food chain KFC has closed a number of outlets across the UK after they ran out of chicken. Things were not so finger-licking good for disappointed fried chicken fans after problems with a new distribution system forced the closures. Last week, KFC switched its delivery contract to DHL, which blamed […]

MPs want Brexit fund for UK farmers

MPs want Brexit fund for UK farmers

Image copyright Getty Images Image caption Sheep meat exports to the EU could be subject to high tariffs if their is no UK-EU Brexit deal MPs scrutinising the government’s plans for the agriculture industry after Brexit want funding for farmers when EU subsidies end, they said in a report. Without an EU-UK trade deal, farm […]

Rent-a-church spire plan to boost mobile phone coverage

Rent-a-church spire plan to boost mobile phone coverage

Image copyright Getty Images Image caption The Church of England has the third-largest rural estate in the country Church spires could be used to boost mobile and broadband coverage in rural areas under an agreement between the UK government and the Church of England. The government has committed to achieving good-quality mobile connectivity across the […]

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