World of Business

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Fuel theft from UK forecourts hits £200,000 a day as prices rise

UK forecourts have seen fuel theft rise sharply since the Iran war began, with losses averaging almost £200,000 a day amid higher petrol prices and renewed concerns over price gouging.

4 min read

Luke Bateman tells inquiry gambling firms supplied him with cocaine, alcohol

Luke Bateman told a parliamentary inquiry gambling companies supplied him with cocaine and alcohol and failed in their duty of care, as he said his gambling addiction cost him about $1m.

4 min read

What the mortgage rule changes could mean for first-time buyers

Rule changes and more flexible lending could let first-time buyers borrow up to six or seven times income, but the shift brings risks and strict criteria still apply.

2 min read

Chalmers warns petrol stations as fuel excise cut ends

Jim Chalmers says the fuel excise cut was never meant to be permanent as the ACCC is told to watch petrol stations closely. The government also adds LinkedIn to its news bargaining incentive rules.

4 min read

Inside M&S’s Oxford Street revamp, blueprint for £700m growth

M&S chief Stuart Machin is using the revamped Oxford Street Pantheon store as a blueprint for a £700m growth push, while preparing to rebuild Marble Arch and overhaul food, fashion and logistics.

7 min read

Peak District rebrand deal brings cash but sparks criticism

Peak District bosses have defended a Skoda temporary rebrand deal that brought in funding for conservation work, after campaigners criticised the commercial partnership.

7 min read

Papers: Chancellor warns supermarkets amid cost-of-living fears

Sunday’s papers lead on cost-of-living warnings, social care fears, Nigel Farage, the Ceuta border crisis and fallout from Gianni Infantino’s failed World Cup stake plan.

5 min read

Workers claim unpaid wages from Berkshire catering firms

Three workers say they are owed unpaid wages by catering firms linked to the same businesswoman, as Acas reports a rise in wage disputes.

5 min read

Adani to pay no company tax despite $1bn Queensland coal revenue

Adani will pay no company tax from its Queensland Carmichael mine despite nearly $1bn in revenue, after the operation recorded a $340.6m loss. Its Abbot Point port business also paid no company tax.

3 min read

Judge says £300m used-car boss was ousted in orchestrated investor plan

A High Court judge ruled that Peter Waddell was ousted from Big Motoring World under an orchestrated plan by Freshstream, while also finding he was properly dismissed for gross misconduct.

3 min read

UK petrol prices hit 2022 high as diesel rises further

UK petrol prices have hit their highest level since November 2022, with diesel also rising, as holiday travel demand adds pressure on households.

3 min read

BP puts North Sea business up for sale

BP is selling its North Sea business after a review of operations, ending 60 years of production there if completed. The unit employs about 1,100 people and could fetch about £2bn.

3 min read