LATEST BUSINESS NEWS

Markets

Markets bounce as Biden inauguration drives afternoon rally

A BP fuel station sign

BP customers urged to claim £2,000 prize competition ‘wins’ following glitch

WH Smith shop

WH Smith on track for worst month since September after strong Christmas

View of terraced houses

Average UK house price hits record high of £250,000

Flooding

Storm Christoph: What households can expect when making an insurance claim

Banks

UK lenders to be tested against £800bn plunge in UK economy, Bank reveals

Closed restaurant

Sunak must extend VAT cut and rates holiday, say hospitality chiefs

An aerial view of houses

Eight in 10 who took mortgage payment holidays have returned to full repayments

Shoppers

Clothing and transport costs pushed up inflation in December

Hornby warns over mounting losses

Hornby on track for up to 20% rise in sales

Strike

British Gas engineers launch fresh wave of strikes over pay and conditions

A Burberry shop

Burberry cautions over tax-free shopping hit as festive sales fall

A graduate adjusts their cap

Pearson to hit profit expectations despite shut Australian immigration centres

Chairman of Alibaba Group Jack Ma (Firdia Lisnawati/AP)

Chinese tycoon Jack Ma makes video appearance after spell out of public view

Dixons Carphone

‘We’re winning online’ says Dixons boss after three quarters of sales go digital

Covid-proofing

MPs ask HMRC to explain why some taxpayers got no Covid-19 support

Frances O’Grady called for a clamp down on ethnic discrimination (Stefan Rousseau/PA)

Black and minority workers 26 times worse hit in Covid employment crisis

An elderly woman holding coins

Typical weekly cost of private residential care ‘varies by more than £800’