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Major British airline crashes into administration as 178 staff lose jobs
European Cargo Limited has collapsed into administration, leaving 178 staff without jobs after the Bournemouth Airport-based freight airline ceased operations.The company appointed Stuart Morris, Robert Fishman and David Soden from Teneo Financial Advisory Limited as joint administrators on Wednesday.A Teneo spokesman said: "The appointment follows a period of significant financial pressure on the business, driven by reduced flying activity and working capital and fuel cost pressures."The Compan...
UK charity shop giant to close 150 stores - first 90 to shut by March 2027
UK charity shop giant to close 150 stores - first 90 to shut by March 2027Bosses cited rising costs and changing shopping habits as the main reasons behind the closures. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Toby Codd 07:43, Fri, Jun 5, 2026 Updated: 07:46, Fri, Jun 5, 2026 All of the shops will shut by March 2028 (Image: Getty)A major UK charity shop has confirmed plans to close 150 of its store...
Rupee gains sharply as RBI unveils steps to attract foreign investors
Currency market participants said investor confidence improved following the RBI's policy announcements, particularly after the central bank emphasised that India's foreign exchange reserves remain strong enough to cushion the economy against external disruptions.
No jet fuel shortage in Europe, transport chief says, despite Middle East conflict – business live
Rolling coverage of the latest economic and financial newsUK shoppers return to high street as warm weather brings respite from shadow of warGreater numbers of UK consumers went shopping last month as spring sunshine brought welcome relief to retailers, which have faced a squeeze on spending since the US-Israel war on Iran.Figures from the British Retail Consortium (BRC) and a separate survey by the accountancy firm BDO showed a bounce-back in footfall during May, reversing a sharp decline in Ap...
150 shops to close as chain says they are 'no longer financially viable'
The shops will close in two phases over the next two years
Gary Lineker’s Goalhanger named UK’s fastest-growing business
Producer of The Rest is … podcasts reports sales of £37.9m, boosted by rise in subscriptions and live eventsThe media production company co-founded by the former England footballer Gary Lineker and behind The Rest is … podcasts is now the fastest-growing business in Britain in a new ranking.Goalhanger made £37.9m in sales in 2025, growing at an average annual rate of 321% over the past three years, according to the latest Sunday Times list of the 100 quickest-growing private companies. Continue...
An economic draft? Drive to get young Neets in the military divides opinion
Critics say high drop-out rate among under-18 army recruits make it a poor means of tackling youth unemploymentYoung people looking for employment should “really seriously take a look at the armed forces”, according to the veterans minister, Louise Sandher-Jones, and with more than 1 million 16 to 24-year-olds not in education, employment or training (Neets), everyone that age is aware of how bleak the job market is at present. But not all agree about whether the military is the answer.Alexandra...
Homes for sale with water views in England and Scotland – in pictures
From a London houseboat with views of the River Thames to a property by a loch in the Inner Hebrides Continue reading...
I’m a landlord. Can I pass my flats to my children without inheritance tax due?
In our weekly series, readers can email any questions about their finances to be answered by our expert, Rosie Hooper. Rosie is a chartered financial planner at Quilter Cheviot and has worked in financial services for 25 years. If you have a question for her, email us at money@inews.co.uk. Question: How can I pass rental properties to my children and cut inheritance tax? I have three children all over the age of 26. Answer: It is very understandable that you want to pass wealth to your childre...
Morrisons makes major £15 change to 343 stores for Friday
Morrisons makes major £15 change to 343 stores for FridayThe offer is a limited-edition afternoon tea special across its café network Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Tannur Anders 06:58, Fri, Jun 5, 2026 Updated: 06:59, Fri, Jun 5, 2026 Fish and chips (stock image) (Image: Getty)A UK supermarket chain has launched a limited-edition afternoon tea special across its café network ahead of Nati...
Green Buildings In India: Do They Really Save Money or Just Sell Hope?
World Environment Day: More than 10,000 green building projects covering over 12 billion square feet have been registered across India.
UK asylum system is on 'the brink', cross-party MPs' report warns
UK asylum system is on 'the brink', cross-party MPs' report warns36 minutes agoShareSaveAdd as preferred on GoogleDamian Grammaticas,Political correspondentandHarry SekulichEPABritain's asylum system is "failing to cope in the face of severe pressure", an influential committee of cross-party MPs has warned. In a report published on Friday, the public accounts committee said its findings were "disturbing" and government was "at considerable risk of repeating past failures" as it tried to tackle t...
FTSE 100 Live: Stocks set for shaky open amid cloudy US-Iran peace talks
Good morning and welcome back to the City AM liveblog. Speculation around a peace deal between the US and Iran is continuing to leave markets struggling for direction as hopes of an official agreement face roadblocks. A current draft of a memorandum of understanding between Iran and the US has ambiguities that have to be clarified, an adviser to Iran’s supreme leader has said. Donald Trump has said he is seeking to reopen the Strait of Hormuz “immediately” after the memorandum was...
Grant puts gloss on paint recycling enterprise
A Cambridgeshire social enterprise is awarded £400,000 by the National Lottery to help it expand.
Chippies turn to new species amid 'massive' cod price rise
Experts say cod has turned into "white gold" as the prices keeps going up.
Billionaire John Caudwell: Britain needs to stop criticising the wealthy and start celebrating success
Phones4U founder John Caudwell’s new Riviera development features a £250k statue of himself. Billionares should be proud of their success, he tells Felix Armstrong “If I was trying to purely make money, I would have built student accommodation in Manchester and put another 5,000 Chinese people in there,” billionaire and philanthropist John Caudwell says as he prepares for the opening of his £300m development on the French Riviera. “I only say Chinese because my son went to university in Man...
We’re the UK’s oldest family-run jewellers. Inheritance tax could kill our business
Charlotte McCrossin always knew she would take over her family-run business when her mum retired – but more recently she has started to fear being hit with a hefty inheritance tax bill. Gatwards in Hitchin, Hertfordshire, is one of the oldest family-run jewellers in the UK, but despite their rich history, Charlotte, of the Gatward family, is worried about what tax she and her family will face in the future. “My mum and aunt jointly own the building,” explained Charlotte. “Each of their half of...
In my 20s I saved for a house – my adult children waste money on coffee and brunch
I’ve just turned 60 and my children are in their twenties. We brought them up to have a sensible attitude towards money: we lived within our means and if something was too expensive, we’d save up or go without. We certainly didn’t live off credit cards and the only debt we had was our mortgage, which we finally paid off this year. So I’m confused and disappointed that my children don’t share our family values. They don’t seem interested in saving up for a deposit for a flat or house, and have t...
The UK chemicals sector is in trouble
From ammonia to plastics, there can be no modern economy without a functioning chemicals industry, and Britain’s is in peril, writes Sharon Todd The recent announcement of a £350m Critical Chemicals Resilience Fund from Chancellor Rachel Reeves is welcome but it is also an acknowledgement of an uncomfortable truth: the UK’s chemicals sector is in trouble. Up and down the country energy intensive manufacturing is faltering. The Chancellor has also announced £120m for the ceramics sector, pr...
UK furniture business collapses into liquidation leaving £1.4m debt
UK furniture business collapses into liquidation leaving £1.4m debtThe Sussex-based furniture, lighting and home décor retailer has ceased trading, leaving suppliers and HMRC among creditors owed over £1.4 million Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Olivia Beeson 05:18, Fri, Jun 5, 2026 Updated: 05:21, Fri, Jun 5, 2026 The company has plunged into liquidation (Image: undefined)An award-winning...