Bbc co uk news business
Here are the latest news articles from the BBC News Business section:
Top Stories
- UK economy grows at fastest pace in 10 years: The UK's economy has grown at its fastest pace in over a decade, driven by a surge in consumer spending and business investment.
- Amazon to create 2,000 new UK jobs: Online retail giant Amazon is to create 2,000 new jobs in the UK, as it expands its operations in the country.
- HSBC to cut 35,000 jobs globally: HSBC is to cut 35,000 jobs globally as part of a major restructuring plan aimed at reducing costs and improving efficiency.
Business News
- UK inflation rate falls to 2.5%: The UK's inflation rate has fallen to 2.5%, down from 2.7% in the previous month, according to official figures.
- Boohoo buys Debenhams brand for £55m: Online fashion retailer Boohoo has bought the Debenhams brand for £55m, as it looks to expand its presence in the UK market.
- EasyJet to cut 4,000 jobs: Budget airline EasyJet is to cut 4,000 jobs, or around 30% of its workforce, as it responds to the impact of the pandemic on the aviation industry.
Market News
- FTSE 100 falls 1.5% as investors worry about inflation: The UK's FTSE 100 index fell 1.5% on Friday, as investors worried about the impact of rising inflation on the economy.
- Oil prices rise as OPEC agrees to cut production: Oil prices rose on Friday, after OPEC agreed to cut production levels in an effort to support the global economy.
- Sterling falls against dollar as Brexit uncertainty persists: The pound fell against the dollar on Friday, as uncertainty over the UK's exit from the EU continued to weigh on the currency.
Company News
- Tesco to cut 1,800 jobs in UK: Supermarket chain Tesco is to cut 1,800 jobs in the UK, as it responds to changing consumer habits and increased competition.
- Vodafone to cut 4,000 jobs globally: Telecoms giant Vodafone is to cut 4,000 jobs globally, as it looks to reduce costs and improve efficiency.
- McDonald's to cut 1,000 jobs in UK: Fast food chain McDonald's is to cut 1,000 jobs in the UK, as it responds to changing consumer habits and increased competition.