Business

Inflation falls to lowest level in nearly two years

Image copyright PA The UK inflation rate fell to 2.1% in December, from 2.3% the previous month, according to the Office for National Statistics (ONS). The Consumer Prices Index (CPI) figure was the lowest in nearly two years, pushed down by petrol price falls. The inflation reading was in line with analysts’ expectations. The figure […]

Business

Chancellor hints at Article 50 delay

Image copyright AFP Chancellor Philip Hammond has raised the possibility of an extension to Article 50, the process by which the UK is due to exit the EU. In a call with business leaders on Tuesday evening, Mr Hammond sought to reassure the business community that a “no-deal” Brexit could be avoided. According to the […]

Business

Brexit uncertainty hits house purchases

Image copyright PA The West Midlands had the strongest annual house price growth across the UK in the 12 months to November 2018. But housing activity in southern England was muted because of Brexit uncertainty. Average house prices across the UK climbed by 2.8%, rising from 2.7% annual growth in October 2018. In the West […]

Business

Netflix raises prices for US customers

Image copyright Getty ImagesImage caption Roma was backed by Netflix, which is spending heavily to make its own movies and television Streaming service Netflix has announced it is raising its prices in the US. The company is increasing the cost of its standard plan in the US from $10.99 to $12.99 a month. The rise […]

Business

M&S names next 17 stores it wants to close

Image copyright PA Marks and Spencer has named the next wave of stores earmarked for closure in its reorganisation plan, including those in Huddersfield, Hull and Luton. The 17 proposed closures are part of the clothing, homeware and food retailer’s five-year plan to shut more than 100 stores by 2022. The latest plans will affect […]

Business

German economic growth slowest for five years

Image copyright Getty Images Germany’s economy grew by 1.5% last year, its slowest rate since 2013, the latest official figures show. Figures from the Federal Statistics Office showed Europe’s largest economy slowed sharply as the year wore on. A weaker global economy and problems in the car industry, caused by new pollution standards, have been […]

Business

Boohoo remains in fashion as sales surge

Image copyright PrettyLittleThing Sales at Boohoo grew strongly in the last four months of 2018, in another sign that people are choosing online shopping over the High Street. The online fashion retailer, which also owns the PrettyLittleThing and Nastygal fashion labels, saw revenues in the four-month period jump 44% to £328.2m. It revised its revenue […]

Business

Guardian switches to potato starch wrapping

Guardian readers have been opening their weekend paper to find supplements wrapped in a compostable material made from potato starch. The paper says it ditched its polythene covers after feedback from readers. Advice on the wrapping says it should not be recycled but disposed of on a compost heap or in a food waste bin. […]