Category: News Wire

The Bank of England has increased interest rates by 0.25 percentage points to 0.5 per cent – the first rate rise since 2007.

Apple expects record sales of iPhones in the run-up to Christmas, and dismissed any talk of weaker demand for its iPhone 8 models saying they “instantly became out top 2 selling products” on release. 

A Twitter employee briefly deactivated Donald Trump’s Twitter account yesterday.

More than half a million jobs in the construction industry could be lost as a result of the rise of robots.

Ryanair has posted an 11 per cent rise in half-year profits despite a rota blunder which saw thousands of flights scrapped.

Talent, quality of life, location and cost put London ahead, with Edinburgh and Bristol in top 20 despite Brexit.

BP investors sent shares in the oil major to its highest price this year after the supermajor more than doubled its profits in the last three months, driven by a five-year high in earnings for its fuels, petrochemicals and refining businesses.

The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union.

Shares in Barclays have taken a tumble despite the bank announcing pre-tax profits of £1.1bn for its third quarter – a 31 per cent jump on the same period last year.

TUC calls for putting more pressure on companies to publish gender pay gaps as men are still being paid £100 a week more than women.

Twitter has said it could finally turn its first profit, sending shares in the much-maligned social network up by 12 per cent.

Royal Bank of Scotland reported third-quarter profits of £392m and said it expects to take the financial hit for a US misselling investigation this year before returning to full-year profit in 2018.

NHS trusts were left vulnerable in a major ransomware attack in May because cyber-security recommendations were not followed, a government report has said.

The number of manufacturing firms citing a shortage of workers for limiting their investment plans is at its highest for four years, according to a survey by the CBI.

The Royal Bank of Scotland’s turnaround unit mistreated customers but did not force them to go bust in order to profit, the City watchdog has said – though it has warned there could be grounds for further action.