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Charlotte EdwardsBusiness reporter, BBC News Getty Images Pizza Hut is to close 68 restaurants and 11 delivery sites in the UK with the loss of 1,210 jobs, after the firm running them fell into administration. DC London Pie Limited, which operates Pizza Hut’s UK restaurants, appointed FTI Consulting as administrators on Monday. However, Pizza Hut’s…
A charity in Worcestershire has entered an “exciting new chapter” after opening its new, larger premises. The Droitwich Community Pantry and Fridge, which aims to tackle food waste, has moved to the Berry Hill Industrial Estate, Droitwich. His Majesty’s Lord Lieutenant of Worcestershire Beatrice Grant, MP for Droitwich and Evesham Nigel Huddleston, and the Mayor…
Osmond ChiaBusiness reporter Getty Images The 4.8% growth in the third quarter marked a slowdown from 5.2% in the three months to July China’s economic growth slowed in the three months to the end of September as problems in the property market persisted and trade tensions with the US flared up. The world’s second-largest economy…
Rachel Reeves chose to stress the long-term damage done to the UK economy by the 2020 Brexit deal, in her remarks at a key international economic committee at the International Monetary Fund (IMF). In remarks published this weekend, the chancellor told the world’s leading finance ministers and central bankers: “The UK’s productivity challenge has been…
Becky MortonPolitical reporter BBC The government is looking at the possibility of cutting the rate of VAT on energy bills, Ed Miliband has suggested. The energy secretary said he would not speculate ahead of the chancellor’s Budget in November. But asked if the government would consider scrapping the 5% rate, he told the BBC the…
All 1,287 Betfred shops could disappear from the UK High Street if Chancellor Rachel Reeves hikes taxes on gambling firms, the company’s co-founder and chairman has told the BBC. Fred Done, who set up Betfred in 1967 with his brother, said a closure of that size would put 7,500 jobs at risk. The billionaire businessman…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas has returned the body of another hostage, Israeli officials said, as part of a US-brokered deal meant to end the devastating two-year war in Gaza. The office of Israeli Prime Minister Benjamin Netanyahu said…
Kumail JafferLocal Democracy Reporting Service AFP via Getty Images The number of births in London in 2023 was 20% lower than the peak in 2012, according to the London Assembly Families are being priced out of living in London due to rising costs and a lack of social housing, the London Assembly has been told….
Theo LeggettInternational Business Correspondent Getty The boss of Lamborghini said enthusiasm for electric cars was declining The boss of Lamborghini has said its customers still want “the sound and the emotion” of internal combustion engines, and the company will use them in its cars for at least the next decade. Speaking to the BBC at…
Every week it seems US financial markets are hit by another bout of fear. The latest worries spread this week from the banking sector in the US, after two regional lenders warned they would be hit by losses from alleged fraud. But before that, markets swooned over signs of rekindled US-China tensions, as the two…
