Business News

Two major broadband altnets are close to finalising a merger that will propel them into the ranks of the sector's largest players amid growing financial pressure to consolidate.
HMRC will start rolling out a new penalty points system this month.
Almost 1,600 jobs have been saved and a further 600 lost after the owner of Revolution bars went into administration.
The owner of Loveholidays, one of Britain’s biggest online travel agents (OTAs), has added to the syndicate of banks preparing to help it launch a spring stock market listing in London.
A U-turn by the Treasury will see pubs and music venues across England and Wales handed temporary relief from the worst of planned rises to business rates.
Ground rents for leaseholders will be capped at £250 a year before dropping to a peppercorn rent after 40 years, Steve Reed has announced.
Energy bills for households and businesses are facing upwards pressure from a surge in wholesale natural gas costs, according to market experts.
The number of people living in "very deep poverty" in the UK is at the highest level in more than 30 years, a charity has warned.
The British operations of Claire's, the accessories retailer, have collapsed into administration just four months after their last brush with insolvency, putting more than 1,000 high street jobs at risk.
A consumer tech rental service which has struck partnerships with Apple, Dyson and Sony's PlayStation brand has landed £30m in new financial backing and an alliance with LG, the Korean electronics giant.

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