Iran war drives up costs and disrupts supply for London’s food markets
The impact of the Middle East conflict is now being felt far beyond energy markets, with London’s food supply chain coming under growing pressure as...
Car finance redress bill cut by £2bn as VCA unveils final compensation scheme
The UK’s financial watchdog has reduced the expected cost of compensating motorists caught up in the car finance mis-selling scandal by around £2 billion, as...
Ineos losses widen to $593m as Ratcliffe halts dividend amid energy turmoil
Ineos has reported a sharp widening in losses to $593 million, as rising energy costs, supply chain disruption and geopolitical tensions weigh heavily on Sir...
Ford’s FCE Bank sets aside £155m ahead of car finance compensation ruling
Ford’s UK finance arm has significantly increased its provisions for the car finance mis-selling scandal, as lenders brace for a multibillion-pound compensation programme expected to...
UK retail sales fall as shoppers tighten spending ahead of energy shock
UK retail sales slipped for the first time in three months in February, underlining the fragility of consumer spending even before the latest global energy...
UK firms enter new energy crisis weaker than in 2022, distress index warns
UK businesses are entering the latest global energy shock in a significantly weaker financial position than during the 2022 Ukraine crisis, raising concerns that the...