Markets

Markets

Sainsbury’s toasts £60m more profits as champagne sales soar

Sainsbury’s is to make £60m more in annual profits than predicted after enjoying better than expected food and drink sales over Christmas as shoppers bought...

Markets

Energy bills could rise by 50% amid ‘national crisis’ of soaring UK prices

Energy bills could rise as much as 50% in the spring as the UK faces a “national crisis” over soaring wholesale gas and electricity...

Markets

Ocado promises ‘best ever Christmas’ with M&S as deliveries boom

Ocado has promised the “best ever Christmas” is ahead for its food retail joint venture with Marks & Spencer thanks to booming demand for online...

Markets

UK hospitality firms hit by Christmas party cancellations over Omicron fears

Bosses of pubs, bars and restaurants across the UK are warning they are already receiving cancellations of bookings for Christmas parties amid fears...

Markets

Orbit and Entice become latest UK energy suppliers to go bust

Another two UK energy suppliers have gone bust after the collapse of Bulb Energy earlier this week, bringing the number of households affected by a...

Markets

Convenience shop chain McColl’s gives profit warning amid supply problems

The convenience shop chain McColl’s has warned that annual profits will be as much as £7m lower than expected as it struggles to...

Markets

AstraZeneca signs new Covid contracts in shift away from not-for-profit

AstraZeneca said it had started signing commercial contracts to supply its Covid-19 vaccine next year as the pandemic moves to an “endemic phase,”...

Markets

Suez Canal to raise fees, heaping pressure on global supply chains

The Suez Canal Authority is increasing the fees it charges ships passing through the critical waterway, in a move expected to pile further...

Markets

John Lewis pulls controversial advert for being ‘potentially misleading’

It was attacked as everything from a crass cultural lecture to a treatise on sexism. John Lewis’s latest home insurance ad, in which...

Markets

U-turn expected on temporary visas for non-UK butchers

The government is expected to back down over temporary visas for foreign butchers, as the food industry said ministers were beginning to listen...