Business - Page 105

Retail sales in the UK fell for the fourth month in a row in August, but people spent more time eating and drinking in bars and restaurants. Sales fell by 0.9% in

Chinese company Evergrande has started to repay investors in its wealth management business with property, as the world’s most indebted real estate developer faces a key test this week. Major banks have

The UK’s sixth largest energy company, Bulb, is seeking a bailout to stay afloat amid surging wholesale gas prices. The company, with 1.7m customers, is working with the investment bank Lazard to

Meat processors are in talks with the government over a shortage of carbon dioxide that could hit meat production. Poultry producers said the shortage “threatens national food security”. The gas is used

An employee at OpenSea, the largest digital collectible marketplace, used inside knowledge to buy NFTs before they were promoted on the website. NFTs are unique digital tokens attributed to art which have

While it seems as if no industry or individual business has come out of this pandemic unscathed, Black-owned businesses have been particularly heard hit. As Ron Busby, President of the U.S. Black Chambers, Inc.,

When graphic design graduate, Rachel Smythe, 35, tried to get a foot in the door of New Zealand’s creative industry in 2008, she was rejected at every turn. She sent her portfolio

There is “no question of the lights going out” this winter as a result of huge rises in gas prices, the business secretary has said. Kwasi Kwarteng said he does “not expect

The government is considering offering emergency state-backed loans amid fears for struggling energy companies and soaring bills for customers. Business Secretary Kwasi Kwarteng held crisis talks with industry bosses including Centrica and

The boss of a US company that supplies 60% of the UK’s food-grade carbon dioxide supply has held crisis talks with the government over shortages. Tony Will, chief executive of CF Industries,

Marks & Spencer has said it is closing 11 of its French stores because of problems supplying them with fresh and chilled foods since Brexit. The UK retail giant said all 11

Stacey Stothard followed all the advice. Aware that energy prices were rising, she shopped around to find a decent fixed deal for her gas and electricity. She saved £300 – or so