Business

Online retail sales fell at their sharpest pace on record this month, falling as people cut back on spending amid higher interest rates and an uncertain economic outlook. Monthly internet sales fell to a weighted balance of -78 percent in the period through October, the biggest drop since 2009, and...

Research shows that pension funds from Scandinavia are pumping more capital into British start-ups than their British counterparts.Pension funds from the Nordic countries: Denmark, Finland, Iceland, Norway and Sweden have invested a total of $88 million (£70 million) so far this year, compared to $49...

John Alker is head of sustainability at Legal & General Capital, where he works to align the firm's investments with positive environmental and social impact, working across a range of sectors including housing, specialist commercial real estate, venture capital and clean energy. Alker has almost 20 years of...

Rightmove has acquired a platform displaying residents' reviews of property developments for £8 million. HomeViews Platform has been acquired by the London-listed property portal, while CEO Rory Cramer will continue in his role. The London-based company bills itself as the largest community of verified resident reviews of property developments in Britain...

Chancellor Jeremy Hunt will announce up to £360 million in funding for a range of manufacturing and research and development projects as part of this week's Budget, with green industries expected to be among the key beneficiaries. The run-up to the budget has been dominated by briefing and speculation over...

Biffa Waste Companies Ltd has launched a authorized case to reclaim roughly £200 million from Scottish ministers, citing vital losses from investing within the authorities’s aborted bottle recycling scheme.The corporate’s authorized crew has filed a case on the Court docket of Session, Scotland’s highest civil court docket, looking...

Supporting older people back into work or entrepreneurship must be a key focus if the UK economy is going to reach its full potential. Their wealth of talent can help drive economic growth and reduce the tax burden on younger generations, a major new report has found.Access all Areas: Older...

Recent research from Deloitte paints a picture of a UK start-up scene that is growing and decentralising, particularly within the fintech sector.The Deloitte National Connectivity Chapter found that a third of all fintech startups are located outside the capital, as venture capital firms turn their...

COP28 President Sultan Al Jaber has voiced his growing frustration at the sluggish pace of progress at the crunch UN climate talks in Dubai, as he convened an unorthodox meeting with national Ministers in a bid to break the deadlock on contentious key issues surrounding the future of fossil...

Investors and regulators around the world are failing to properly assess companies' exposure to the threats of climate lawsuits, in an oversight that threatens to cause further instability in the global economy in the coming years. A study published today in the journal Science warns that the current approach to...