All news by author: Lawrence Matheson

The Bank of England has warned that default rates on mortgages and credit cards are rising - and are expected to increase further in the coming months

Pepco said it already has shipping contracts in place until the middle of the year, but that it had been hit by "additional surcharges" from some of its carriers as ships are routed around the Cape of Good Hope

The volume of newly agreed sales, while still falling, was at its least negative since March 2022, Rics' survey of property professionals found

The electricals retailer said its profit for the year is likely to be higher than previously expected despite challenging conditions

The group, which also owns the Toolstation chain, said the job cuts were made in the final three months of 2023, largely across its Northampton headquarters and central support teams, but also with some staff impacted in its branches

The future of the Grangemouth oil refinery will be discussed at a "critical" meeting today

There have been fears of heavy job losses, especially at the plant in Port Talbot, South Wales, under moves to move to a greener form of steelmaking to cut emissions and stem financial losses

The group's owner International Distributions Services (IDS) said Royal Mail saw a "marked improvement" over the final three months of 2023 after moving on from a long-running dispute with unions over pay and working conditions

The supermarket giant said it will be 'business as usual for now' at the bank

Rekom UK, which owns brands including Atik and Pryzm, said it comes after an "extremely difficult" year for the late-night sector amid pressure from the cost-of-living crisis and surges in the costs of energy and goods

The company said sales have remained strong throughout the start of the new financial year

Keith Anderson told MPs that the company, which is one of the UK's largest wind farm builders, was not planning to construct any onshore sites in England

The company said that gross transaction value (GTV) a key measure for the sector had increased 5% to 1.78 billion euros (£1.53 billion) in the UK and Ireland

The Margate-based company saw shares move higher in early trading as a result

A quarter of people in England, around 14.1 million people, said insecure housing had led them to put their lives on hold, with the figure rising to more than two fifths of adults under 35

House prices fell by 2.1% over the 12 months to November 2023 to reach £285,000 on average, the Office for National Statistics

The British high-end retailer said group revenues fell 8.4% in the 13 weeks to December 30, with retail sales down 1.5%

The gambling giant also said it was cost-cutting, which includes closing its office in Bulgaria and making redundancies overseas

Murray Auchincloss has been acting as interim chief executive of the energy giant since September but will now take on the role permanently

Ministers have published a strategy for critical imports and supply chains, which they say will help create a more secure trading environment for businesses

The high street chain saw demand for gifts help to boost sales across its shops

The building society has said it will offer safe spaces to people experiencing domestic abuse at more than 400 branches across the UK

The Hungarian airline has also improved the way it handles claims, such as introducing an automated refund process

The latest dataset from the Office for National Statistics (ONS) shows pay growth has been slower in recent months, and there are ongoing signs the jobs market is weakening

Hostmore, the parent group of the chain, said it saw 'an improvement' in trading over the latter half of 2023 after pushing forward with a turnaround plan