Topps Tiles shares tumble as it unveils plans to shut over 20 stores April 1, 2026 Topps Tiles shares tumbled on Wednesday after the DIY staple unveiled plans to shut more than 20 stores as it wrestles with weak demand and rising inflation. The Leicester-based business said it intends to shutter 23 stores by the end of its financial year as part of a series of “self help measures” as it [...]
Reeves must listen to supermarkets rather than lecture them April 1, 2026 Supermarkets begin preparing for Christmas at least six months before the anticipated peak of customer demand hits around December 23. Catering for this entirely predictable surge is in itself an astonishing commercial and logistical feat, but a little over six years ago the UK’s supermarkets were in the midst of an unprecedented challenge. As pandemic [...]
FTSE 100 suffers worst month since Covid as Iran war rages on April 1, 2026 The FTSE 100 suffered its worst month since the coronavirus in March, after the United States’ war in the Middle East sparked a historic market reaction that has seen government borrowing costs sprial and oil prices subjected to their largest single-month jump on record. Despite a relief rally on Tuesday, London’s blue-chip index fell more [...]
UK business confidence plunges to another record low April 1, 2026 Business confidence in the future of the UK economy has plunged to another record low as directors fear the war will damage investment plans and increase costs, a leading survey has found. Research by the Institute of Directors recorded business confidence dropping to a net figure of -76 in March, compared to -63 in February. [...]
Deutsche Bank hit with £700m lawsuit in London by former executives March 31, 2026 Four former Deutsche Bank executives have filed a £700m legal action in the High Court alleging the bank conspired to injure them by “unlawful means.” The history of the claim stems from a decade-long saga that began with the Monte dei Paschi di Siena (MPS) scandal, which led to criminal convictions that have now been [...]
Andy Haldane: My mission to ignite Britain’s animal spirits March 31, 2026 As the Bank of England’s chief economist, Andy Haldane had a front row seat to the maladies of UK’s sluggish economy. After a four-year stint running the RSA, he is back as president of the British Chambers of Commerce, and tells Ali Lyon business is still taxed mindlessly, over regulated, and far too risk averse. [...]
Energy price cap set to jump as consumers brace for soaring bills March 31, 2026 The Ofgem energy price cap is expected to leap by 18 per cent after June as households brace for the impact of spiralling oil and gas prices. Energy consultancy firm Cornwall Insight has forecast the average annual energy bill to be set by the regulator Ofgem at £1,929 in July. It would represent a £288 [...]
Britain is still paying a heavy price for Covid lockdowns March 31, 2026 Six years on from the first lockdown, Britain hasn’t returned to its pre-Covid path – instead becoming a high-tax, low-growth less free nation, says Alex Pugh A little over six years ago, 27m people watched UK Prime Minister Boris Johnson tell them to “stay home” to tackle the spread of coronavirus. Johnson said you should [...]
Reeves summons supermarket bosses again after snub March 31, 2026 Rachel Reeves has summoned supermarket bosses for a Downing Street meeting on Wednesday after being snubbed last week. The new meeting will be attended by executives at Sainsbury’s and Tesco but bosses at Asda, Aldi and John Lewis will miss out, supposedly due to diary clashes. The Chancellor hastily invited grocery executives to a meeting [...]
UK economy grew 1.4 per cent in 2025 March 31, 2026 The UK economy grew 1.4 per cent in 2025, official data has shown as data analysts nudged up the estimate for the year. The Office for National Statistics has confirmed that the UK economy grew more than originally thought but growth slowed down radically as the year passed. It found that GDP increased by 0.1 [...]