Business

“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 ...

The price of gold has reached an all-time high in the country, hitting over Tk 2.18 lakh per bhori (11.664 grammes). Jewellers have increased the price of the precious yellow metal as the price of pure gold has risen in the local market. The Standing Committee on Pricing and Price Monitoring of the Bangladesh Jeweller’s Association (BAJUS) made the decision ...

Tesla CEO Elon Musk’s net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes’ billionaires index. Musk’s 2018 pay package, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the ...

Retailers are hoping for a last-minute dash for the shops this weekend after a lacklustre run-up to Christmas, with UK households forecast to spend £3.4bn, up more than 12% on the same weekend in 2024. Almost 50m shopping trips will be made by last-minute Father Christmases over the weekend, according to research by analysts GlobalData for Vouchercodes.co.uk, the vast majority ...

Retail sales dipped unexpectedly last month as cautious shoppers prevailed and Black Friday discounts failed to boost spending in the run-up to Christmas, official figures show. The Office for National Statistics (ONS) said the total volume of retail sales is estimated to have fallen by 0.1% in November. This follows a 0.9% drop in October, and was a surprise decline ...

Are you a Tower Hamlets resident with a dream and great idea to start your own business, or a local small business looking for expert support to take you to the next step? If the answer is yes, then check if you could benefit from part of a £400,000 pot and one of four new projects for aspiring entrepreneurs, early-stage ...