News
Glasgow Life energy costs top "56 million since 2021 as councillor demands answers
5+ hour, 58+ min ago (387+ words) More than "56. 13 million has been spent on energy consumption since 2021/22 by sporting charity Glasgow Life, which operates more than 100 venues across the city. A Freedom of Information (FOI) request submitted to the organisation by councillor Paul Carey (BEM) breaks down…...
Housebuilding activity hits 2026 low point amid construction downturn
1+ day, 7+ hour ago (375+ words) Activity in the UK housebuilding sector fell at the fastest pace so far this year as the wider construction sector remained firmly in contraction, according to new figures. The S&P Global UK construction PMI showed a reading of 38. 4 in…...
More inflationary pressure to come through supply chain " Sainsbury's boss
1+ week, 9+ hour ago (481+ words) The boss of Sainsbury's has said there is inflationary "pressure" still to come through the supply chain amid uncertainty over how the Middle East conflict will hit shoppers. The supermarket giant said trading was "encouraging" in recent months but highlighted…...
Home mortgage approvals drop to lowest since December 2023
1+ week, 1+ day ago (553+ words) The number of home mortgage approvals made to buyers dropped to a two-and-a-half-year low last month, figures show. Experts said the impact of the war in the Middle East pushing up borrowing costs took its toll on buyer demand. Some…...
Consumer spending in spotlight as Tesco to update investors
3+ week, 3+ day ago (418+ words) Tesco is set to reveal whether the group has been able to shrug off concerns over consumer sentiment to maintain its positive recent momentum. Shareholders will be hopeful the company can provide a clearer outlook over sales and profits for…...
UK economy contracts for first time since last August
3+ week, 4+ day ago (581+ words) Britain's economy contracted last month for the first time in eight months amid signs that the Iran war is beginning to take its toll on some sectors. The Office for National Statistics (ONS) said gross domestic product (GDP) declined by…...
Australia's Sigma confirms talks over Boots takeover
3+ week, 6+ day ago (270+ words) Pharmacy and beauty chain Boots is in talks with an Australian rival and the billionaire Weston family over a potential "7. 5 billion sale. Australian pharmacy group Sigma Healthcare confirmed on Wednesday that it has held "preliminary discussions" over a takeover. The…...
Barclays to give around 20, 000 UK staff a 5. 35 pay rise
1+ mon, 2+ day ago (302+ words) Around 20, 000 UK staff at Barclays will get a more than 5% pay rise after a deal was reached with a trade union. Unite said its members voted overwhelmingly in favour of the pay offer following negotiations with the banking giant. The…...
Inflation target should not be increased, says Bank governor
1+ mon, 4+ day ago (338+ words) The Governor of the Bank of England has said the Bank should not increase its inflation target, stressing that it is important to give households confidence it can bring down the rising cost of living. Andrew Bailey also told members…...
Home mortgage approvals jump to 15-month high, figures show
1+ mon, 5+ day ago (331+ words) Mortgage approvals reached their highest level for more than a year in April, according to Bank of England (Bo E) figures. The Bo E said in its Money and Credit report that 65, 945 mortgage approvals for house purchases were recorded in April....