The government has sold a 5 per cent stake in NatWest, raising £1.1 billion, but had to discount the price by 7 per cent to find buyers in the overnight placing. UK Government Investments said it had sold 580 million shares at 190p, reducing its stake in the former Royal Bank of Scotland from 59.9 per cent to 54.8 ...

The NHS app will go live as a vaccine passport for international travel from Monday, but only for those who have had both doses. People who do not use smartphones can phone 119 for a paper letter confirming their vaccine status but have been urged not to ask their GP. Downing Street promised yesterday that the app would be ...

Waitrose is closing the same-day grocery service it launched less than two years ago after striking a deal with Deliveroo. The grocer is shutting Waitrose Rapid at the end of the month but customers will be able to receive orders quickly through its partnership with the food delivery company. Waitrose launched the Rapid service in 2019, guaranteeing to send orders ...

Hotel Chocolat has become the latest company to pledge to repay millions of pounds of furlough money after a strong performance this year. The luxury chocolatiers yesterday promised to giving back £3.1 million from the coronavirus job retention scheme as it reported that trading for the current year to June was “significantly ahead of expectations”. Angus Thirlwell, chief executive, said ...

Greggs has said that profits will be “materially higher” than expected and could return to pre-pandemic levels this year thanks to robust sales since shops reopened. In the latest indication that the UK economy is recovering strongly, the bakery and café chain noted that pent-up demand had boosted high street footfall since lockdown was eased. Greggs said in a ...

Britain’s economy will recover rapidly from the Covid-19 crisis but risks being hit by rising regional inequality and destitution for years to come, a leading think tank has warned. The National Institute of Economic and Social Research yesterday upgraded its growth forecast for the year to 5.7 per cent. This was up from a previous forecast of 3.4 per ...

The government was last night trying to find buyers for more than £1.1 billion worth of NatWest shares after ordering the sale of a 5 per cent stake in the bank that it rescued 13 years ago. About 580 million shares in NatWest, formerly Royal Bank of Scotland, were being offered to institutional investors in a placing that would ...

Regulators will be able to take down unsafe products listed on eBay without consulting it under rules being developed by the online retailer. Officials including those at the Office for Product Safety and Standards and Ofcom, the media regulator, will be able to remove items that pose a risk to consumer safety, the web retailer said. Investigators have found ...

The government will pledge today to put “rocket fuel” under its levelling-up agenda with a Queen’s Speech aimed at the “forgotten” 50 per cent who do not go to university. The prime minister will announce a right to government-funded training for all adults without the equivalent of A-levels as ministers move to appeal to new Conservative voters in the ...

Boris Johnson last night signalled an end to “government edicts” on Covid and told people to start using their common sense after England recorded no deaths from the virus for the first time since last summer. The prime minister confirmed that the biggest easing of restrictions would go ahead as planned on Monday with people allowed to hug friends ...

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!