Category: Business

Janet Yellen, the economist picked by Joe Biden to run the US Treasury, has said America needs to “act big” to revive its flagging economy and protect itself against long-term scarring with a major stimulus package. The former chairman of the US central bank, the Federal Reserve, underlined the new administration’s determination to press ahead […]

An education business started by Euan Blair has secured new funding from venture capitalists thought to value the business as high as $200m (£147m) and crystallising a fortune for the son of the former prime minister Tony Blair. Multiverse is a start-up founded in 2016 that helps young people who don’t want to go to […]

The UK chief executive of Universal Music, the home of stars including Taylor Swift, Lady Gaga and the Beatles, has said streaming deals reflect the success of biggest music artists – as it emerged it can take more than 1m streams to make £1,000. David Joseph also told MPs that greater effort was needed to […]

Pub group JD Wetherspoon thinks its pubs are unlikely to open before at least the end of March amid ongoing national lockdown restrictions. This week the chain has raised around £93.7million via a share placement to bolster its balance sheet while the pandemic rolls on. Some of the cash raised will also be used to […]

Dixons Carphone’s boss Alex Baldock has declared the company is ‘winning online’ as Christmas saw the group continued its pandemic-era boom in sales of electrical items. The retail giant said the share of digital purchases doubled year-on-year in the ten weeks to January 9 to constitute more than half (53 per cent) of its overall […]

Luxury fashion chain Burberry saw sales drop 9 per cent in its third quarter covering the Christmas period. Amid sporadic ongoing lockdown restrictions, the group’s trading across Britain, the rest of Europe and key hubs like the Middle East, suffered throughout the period, with sales down around 37 per cent. But, the chain fared better […]

House prices across Britain reached a record average high of £250,000 in the year to November, new official figures show. The average cost of a home increased by 7.6 per cent over the period, up from a 5.9 per cent rise in the year to October. London’s average house price surpassed the £500,000 mark for […]