Category: News Wire

BHS has appealed to creditors for permission to enter a form of insolvency that could lead to the closure of dozens of stores and loss of hundreds of jobs, as the High Street stalwart fights for survival.

The outgoing boss of the FCA, Tracey McDermott, has assured MPs that lessons have been learned from the Payment Protection Insurance (PPI) scandal as the BBC reports.

Labour leader tells business leaders it was ‘extractive’ banks that drove the economy to the ‘point of collapse’ in 2007 as reports from The Guardian state.

Rolls-Royce could face a shareholder rebellion at its annual meeting in May after it caved into pressure from an American activist demanding a place on the board.

Lord Rose, the head of the campaign to keep Britain in the European Union, suggests that wages of low skilled workers could rise in the event of a Brexit

John McFarlane criticises £20bn in penalties, while new chief Jes Staley says bankers lost moral compass in 1990s as reports from The Guardian state.

ITV has unveiled a £400 million special dividend payment alongside its full-year results but warned that the European Football Championships would alter the shape of the advertising market this year.

A leading think tank has said that homebuyers who opt for properties that perform poorly on energy efficiency should be forced to pay more stamp duty.

George Osborne was last night under pressure to cut income tax in the forthcoming budget after revealing that the cut in the top rate of tax raised an additional £8 billion for the Exchequer.

Women have barely half the occupational pension savings of men, according to a report from the TUC

London has been named the world’s most expensive city to accommodate an employee for the third year in a row

Barclays has reported a drop in full-year profits and a restructuring, including a reduction of its stake in its Africa business.

Campaign group says progress made before 2010 has been sacrificed since introduction of voluntary ‘responsibility deal’

Trinity Mirror, owner of the Mirror newspaper, has reported a sharp drop in annual profits as it launches a new daily title.

Former Greek finance minister Yanis Varoufakis just couldn’t stay away from the political arena. After having left his position in the government and started his own political movement, he’s now taking a role advising the Labour party.