Business

The entrepreneur behind Britain’s biggest energy supplier is sitting on a fortune worth £300m following the blockbuster sale of its technology arm. Greg Jackson, who co-founded Octopus Energy in 2015, secured the fortune after he confirmed late on Monday that the company’s Kraken software arm had been spun off as an independent business valued at $8.7bn (£6.4bn). His stake in ...

The price of gold has reached an all-time high in the country, hitting over Tk 2.29 lakh per bhori (11.664 grammes). Jewellers have increased the price of the precious yellow metal by Tk 1,575 to Tk 2,29,431 following a hike in the pure gold price in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh ...

On a crisp Friday morning in early December, Abington Street in Northampton is starting to stir. Despite having lost high street stalwarts like Marks & Spencer, Moss Bros and H&M in recent years, it is drawing in locals for one end-of-week errand: banking. Along the pedestrianised road, customers are streaming in and out of HSBC, Barclays, Metro Bank and the ...

Several international flights could not land at Hazrat Shahjalal International Airport on Saturday morning due to dense fog. According to Civil Aviation Authority of Bangladesh (CAAB) officials, the flights were diverted to Chittagong, Kolkata and Bangkok as visibility dropped sharply over the capital. They said flight operations will resume as normal once weather condition improves. Passengers are being provided meals ...

A US judge has temporarily blocked the detention of British social media campaigner Imran Ahmed, who took legal action against the US government over having his visa removed. The Center for Countering Digital Hate founder was among five people denied US visas after the Trump administration accused them of seeking to “coerce” tech platforms into censoring free speech. The move ...

“It’s just the same.” Six months on from the sale of WH Smith’s high street business, the name above the door may have changed to TG Jones, but many shoppers have not noticed a splurge of investment or change. “The layout is the same and what they are selling is the same,” says Gillian Parsons as she exits TG Jones ...

BP has struck a $6bn (£4.4bn) deal to sell a majority stake in its motor oil division Castrol to a US investment firm. The oil giant sold a 65% stake in Castrol, which makes lubricants for cars, motorcycles and industrial vehicles, to New York-based Stonepeak. The deal valued Castrol at $10.1bn (£7.5bn), with BP receiving $6bn in cash, which it ...

The government has reduced customs duty on the import of dates by 40 per cent ahead of the holy month of Ramadan, aiming to ensure adequate supply and keep prices within the purchasing capacity of general consumers. In a press release issued on Wednesday, the National Board of Revenue (NBR) said the existing customs duty on date imports has been ...

The price of gold has reached an all-time high in the country, hitting over Tk 2.26 lakh per bhori (11.664 grammes). Jewellers have increased the price of the precious yellow metal by around Tk 4,200 to Tk 2,26,282 following a hike in the pure gold price in the local market. The Standing Committee on Pricing and Price Monitoring of the ...

Ministers will increase the threshold for taxing inherited farmland from £1m to £2.5m after months of pressure from campaigners and MPs representing rural areas. In a statement slipped out just before Christmas, the environment department announced the U-turn which will apply from April when the tax is due to kick in. Plans to tax inherited agricultural assets worth more than ...