Category: News Wire

Go-Ahead’s annual profits drop as long-running staff dispute takes its toll.

The publisher of the Daily Mirror newspaper is in talks to acquire 100 per cent of Daily Express group Northern & Shell.

Older entrepreneurs should be allowed to dip into their pension pot without a tax penalty to fund a new business, a lobby group has suggested. The Institute of Directors (IoD) said the government should let older people withdraw up to 10 per cent of their pension pot tax-free to get a start-up going, reports The […]

Downing Street is asking Britain’s biggest companies to give public support to the Government’s approach to its Brexit negotiations, a move which has provoked fury in a string of blue-chip boardrooms. Sky News has obtained a letter being circulated in FTSE 100 and other company boardrooms which praises ministers’ commitment to securing a transition period […]

Carmaker follows Volvo in spelling an end for petrol or diesel-only cars, despite not making any electric vehicles at present

The head of Germany’s biggest bank has called for Europe’s “era of cheap money” to end as price bubbles form, sounding a warning a day before the European Central Bank holds a crucial policy meeting. Deutsche Bank chief John Cryan said that while cheap money has helped countries and banks “emerge from the financial crisis” – the ECB […]

The Archbishop of Canterbury, Justin Welby, says Britain’s economic model is broken, as the gap between the richest and poorest parts of the UK widens. Britain stands at a watershed and must make “fundamental choices” about the direction of the economy, he said. The remarks come in a report by a commission set up by […]

Sports Direct is facing battles on several fronts ahead of a crunch investor vote that could result in its under-fire chairman heading for the exit. Twenty four hours before shareholders vote on Keith Hellawell’s future, dark clouds were gathering above its controversial Shirebrook warehouse amid opposition to his reappointment and new allegations relating to the […]

HSBC, TalkTalk and others say they have stopped working with PR firm after secret campaign to stir up racial tensions Bell Pottinger is facing a fight for survival as a string of clients and senior staff quit in the wake of the scandal over its secret campaign to stir up racial tensions in South Africa, reports […]

Lego is shedding 1,400 staff as a decade long-run of sales growth ends after expansion failed to deliver expected sales growth The Danish manufacturer of toy building blocks said it is cutting 8pc of its global workforce after reporting a 5pc drop in first-half revenues to 14.9bn DKK £(1.8bn), with net profit slipping 3 per […]

London has held its position as the UK’s top spot for prosperity, but growth in the capital is lagging against a backdrop of fluctuating economic conditions and Brexit negotiations, new research suggests. Barclays Wealth & Investments’ annual UK prosperity map, which will be published today, found London’s growth was slowing across a range of indicators […]

The country’s factories are reporting bumper order books – bolstered by the weak pound in the wake of the Brexit vote and stronger eurozone economy. A closely watched survey of firms’ expectations for the third quarter of the year showed output rising for 34 per cent of the companies questioned by business advisory firm BDO […]

Fall in the value of vintage vehicles comes after years of demand that have made them a strong investment, says Coutts bank

People who voted for Brexit made a “stupid” decision which could still be reversed by the British public, one of the EU’s most powerful officials said yesterday. Martin Selmayr, chief of staff to the European Commission President Jean-Claude Juncker, said it was “legally” possible for the UK to reverse its decision to leave, reports The Telegraph. His […]

Six areas in the UK will soon be trying out broadband technology that provides data at speeds approaching one gigabit per second (gbps). Businesses, schools and hospitals will be the first to try out the “full-fibre” network technology, reports The BBC. The pilots will be run in Aberdeenshire, West Sussex, Coventry and Warwickshire, Bristol, West […]