Business news uk

Here are some of the latest business news stories from the UK:

Top Stories

  1. UK economy grows at slowest pace in 7 years: The UK economy grew by 0.1% in the three months to January, the slowest pace in seven years, according to the Office for National Statistics (ONS).
  2. HSBC to cut 35,000 jobs globally: HSBC is set to cut 35,000 jobs globally as part of a major restructuring plan aimed at reducing costs and improving efficiency.
  3. Amazon to create 2,000 new jobs in the UK: Amazon is set to create 2,000 new jobs in the UK as part of its expansion plans in the country.
  4. UK inflation rate falls to 2.5%: The UK inflation rate fell to 2.5% in February, down from 2.7% in January, according to the ONS.
  5. British Airways owner IAG to cut 13,000 jobs: International Airlines Group (IAG), the parent company of British Airways, is set to cut 13,000 jobs as part of a major restructuring plan.

Sector News

  1. Tech sector sees surge in investment: The UK tech sector saw a surge in investment in the first quarter of 2020, with £1.4 billion invested in startups and scale-ups.
  2. Retail sector struggles with high street closures: The UK retail sector continues to struggle, with a further 1,500 high street stores closing in the first quarter of 2020.
  3. Energy sector sees growth in renewable energy: The UK energy sector saw growth in renewable energy in 2019, with wind and solar power accounting for 30% of electricity generation.
  4. Finance sector sees rise in fintech investment: The UK finance sector saw a rise in fintech investment in 2019, with £1.1 billion invested in fintech startups and scale-ups.
  5. Manufacturing sector sees decline in output: The UK manufacturing sector saw a decline in output in February, according to the Confederation of British Industry (CBI).

Company News

  1. Tesco to cut 1,800 jobs: Tesco is set to cut 1,800 jobs as part of a major restructuring plan aimed at reducing costs and improving efficiency.
  2. Sainsbury's to cut 3,500 jobs: Sainsbury's is set to cut 3,500 jobs as part of a major restructuring plan aimed at reducing costs and improving efficiency.
  3. Marks & Spencer to cut 7,000 jobs: Marks & Spencer is set to cut 7,000 jobs as part of a major restructuring plan aimed at reducing costs and improving efficiency.
  4. BP to cut 4,000 jobs: BP is set to cut 4,000 jobs as part of a major restructuring plan aimed at reducing costs and improving efficiency.
  5. GlaxoSmithKline to cut 1,000 jobs: GlaxoSmithKline is set to cut 1,000 jobs as part of a major restructuring plan aimed at reducing costs and improving efficiency.

These are just a few of the latest business news stories from the UK. If you're looking for more information, I'd be happy to help!