BP holds its annual shareholders’ meeting on Thursday with some investors planning to vote against chief executive Bob Dudley’s 20% pay rise.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
House sales could fall due to stamp duty changes and Brexit risk
Rics survey finds most estate agents and surveyors expect first slowdown since 2008 amid ‘climate of uncertainty’
Burberry’s share price drops as luxury brand warns on outlook
Burberry’s share price fell moe than six per cent this morning after revealing sales had dipped in the second half, while warning about challenges coming in the full year ahead.
World faces ‘lost year’ as policymakers sleepwalk towards fresh crisis, warns IMF
The world is sleepwalking into a fresh crisis as investors start to lose faith in policymakers’ ability to revive the global economy, according to the International Monetary Fund.
Fall in wholesale energy costs prompts call for price cuts
Figures showing that wholesale energy costs are at their lowest for a decade have prompted further calls for cuts to household bills.
WH Smith’s reports double-digit profit growth in first half
WH Smith has delivered strong first half results, with profit and earnings up double-digits and an improvement in high street sales.
Boots staff under pressure to milk the NHS for cash, says pharmacists’ union
Chemist’s customers given unnecessary medicine reviews billed to the health service, claims professional body
Tesco returns to profit as recovery takes hold
Tesco has inched back into the black following its battle to turn around from the biggest loss in British corporate history.
Brexit Threat To UK Jobs, ICC Survey Warns
Brexit would prompt 35% of international businesses to cut their UK workforces, according to a new International Chamber of Commerce survey.
Asos hails ‘improving momentum’ as profits rise 18%
Online fashion retailer Asos has reported an 18% rise in half-year profit, helped by what it called “improving momentum” within the business.
Food producer insolvency triples amid supermarket price wars
At least 162 food production companies fell into insolvency last year, according to a survey by accountancy firm Moore Stephens
EU regulators demand greater tax transparency from multinationals
Officials think the public outcry over the Panama Papers has given fresh impetus to attempts to crack down on tax avoidance of all kinds
Moody’s adds to M&S and Next’s retail gloom
Moody’s, the credit rating agency, has become the latest voice to join warnings about the health of the UK fashion retail sector.
Daily Mail owner considering Yahoo bid
The owner of the Daily Mail newspaper is in talks with other parties about a bid for the struggling US internet company Yahoo.
City workers warned over hard times in the square mile
Workers in the square mile should brace for deep cuts to both bonuses and jobs with economists warning that faltering deals, stalled IPOs and market difficulties will take an extreme toll on the City over the coming months.
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