Asda, owned by the Issa brothers and TDR Capital, a private equity firm, is falling further behind its supermarket competitors in the quest for sales growth, adding to the pressure on its billionaire owners to reduce costs. 

New regulations aimed at prioritising British workers and reducing overall migration have been implemented in the UK. 

Hundreds of thousands of families are poised to see significant financial relief, with some potentially benefiting by up to £3,000, in the 2024-25 tax year.

Morrisons' turnaround strategy seems to be yielding results as the UK's fifth-largest grocer reported its strongest quarterly sales growth since the £7 billion takeover in 2021. Under the leadership of Rami Baitiéh, who assumed the role of chief...

Centrica's CEO, Chris O'Shea, saw a significant increase in his annual pay, rising by nearly £4 million to £8.2 million in 2023. 

Thames Water has mobilised a team of City experts to lead urgent restructuring discussions this week amid concerns that its parent company could face collapse by month's end.

The Bank of England has issued its most severe caution yet regarding the risk to financial stability emanating from the $8 trillion private equity market. Amidst rising interest rates, both buyout firms and their affiliated companies are facing...

As part of Chancellor Jeremy Hunt's spring budget, small businesses are set to benefit from various incentives taking effect from April 1. Among these measures, the VAT registration threshold has been raised to £90,000 from £85,000, resulting...

The government-set minimum wage, referred to as the National Living Wage, is experiencing its first increase of over £1, benefiting 2.7 million low-paid workers. The primary wage rate is escalating from £10.42 to £11.44 per hour and will be...

From April 1, the average household water and sewerage bill in England and Wales will see a 6 per cent increase, as confirmed by the water industry.