UK Business News

A rise in the number of UK people claiming unemployment benefits rose by 9000 in May, the fourth monthly increase in a row.
This follows the figure of 11,200 in April, the biggest jump in two years. Economists who had expected a slightly lower figure of 8000 for May, predicted that the level would continue to [...]

[Read more →]

Gordon Brown has urged the public not to panic buy fuel, ahead of the planned four day strike by tanker drivers due to start on Friday morning.
The government believes that if the strike goes ahead, it could affect just 10% of the countries filling stations, they also say they have  stocks in place around the [...]

[Read more →]

The Guardian reports that UK model maker Hornby have increased annual profits by 17%, with strong sales since switching to new digitally controlled products.
Hornby’s digital Scalextric racing car sets showed strong year on year growth while the digital Virgin Trains Pendolino brought in most revenue, says the report.
Hornby pre tax profits rose to £9million in [...]

[Read more →]

Economy airline Ryanair has warned that it may have to raise fares by 5% this year to cover the cost of fuel. The company has suggested that it will do no more than break even this year if fuel remains around $130 per barrel.
Ryanair have been bullish in recent weeks claiming that many of it’s [...]

[Read more →]