Business News

UK Recruiters warn Bank of England of permanent hiring dip due to economic uncertainty

UK recruiters have warned the Bank of England of a dip in permanent hiring across UK businesses as organisations grapple with ongoing economic turbulence, according to a new report. Read more: UK Recruiters warn Bank of England of permanent hiring ...

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UK house prices rise again as easing of mortgage rates tempts more buyers

UK house prices rose for the second month in a row in November, according to a leading index, as a slight easing in mortgage rates helped coax more buyers into the market. Read more: UK house prices rise again as easing of mortgage rates tempts mor...

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Frasers Group CEO Michael Murray warns of ‘softening’ in global luxury market as sales fall

Mike Ashley’s Frasers Group has warned of “softening” in the global luxury market as underlying sales at its upmarket division, which includes the House of Fraser department stores and Flannels chain, dived more than 11%. Read more: Frasers G...

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Next CEO Lord Wolfson says planning rules are stifling economy and society

The chief executive of Next has called for an overhaul of Britain’s planning rules as he warned that the current system is “holding back industry and society”. Read more: Next CEO Lord Wolfson says planning rules are stifling economy and soci...

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Bank of England set to examine risks posed by artificial intelligence

The Bank of England will examine the financial stability risks posed by artificial intelligence in an effort to keep regulators’ eyes open to the technology’s threats. Read more: Bank of England set to examine risks posed by artificial intellig...

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Corporate profiteering ‘significantly’ boosted global prices, study shows

Profiteering has played a significant role in boosting inflation during 2022, according to a report that calls for a global corporation tax to curb excess profits. Read more: Corporate profiteering ‘significantly’ boosted global prices, study s...

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One in five businesses have been victims of cyber attack in the last year, new research shows

New research has revealed that one in five UK businesses have experienced a cyber attack or incident, with nearly one in 10 small businesses experiencing this in the last year. This number rises to 35% of large corporate businesses, showing the incr...

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Harriet raises £1.2m to transform HR with AI

Harriet, the first full-stack AI solution designed to get companies’ internal data ready for the AI revolution, relieve People teams of their daily admin burden, and give every staff member their own HR assistant, has raised a £1.2m pre-seed roun...

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UK’s energy supply needs over £900 billion investment to reach net zero by 2050

The UK’s energy supply could require more than £900 billion in capital expenditure to achieve net zero by 2050, opening up a significant opportunity for public and private capital in enabling a successful transition, according to a new report pub...

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How do online transactions work?

Many people have done online transactions, but not everyone understands how it works. There is nothing complicated for the user, but the internal processes consist of several steps Read more: How do online transactions work? ...

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