Category: News Wire

Government plans to extend tax breaks for the British film industry have been approved by the EU.

Twitter shares have crashed below the price they originally sold for as investors grow increasingly concerned that the service won’t be be able to become a mainstream platform like Facebook.

Mining giant Glencore is the newest casualty of a global rout in oil prices, as the FTSE 100-listed miner reported a profit slump, sending the shares tumbling nearly 9 per cent on Wednesday.

Hundreds of thousands of British families are facing the threat of an unexpected increase to their energy bills next month, despite steep recent falls in the wholesale price of energy.

Australia’s national airline, Qantas International, has reported a pre-tax profit of £457m for the year after heavy losses 12 months ago.

The troubled Co-operative Bank has reported bigger losses, in part due to higher legal costs.

London has become one of the most expensive cities in the world to rent a home, prompting politicians to call for New York-style controls on landlords.

The Greek government has rowed back on a promise to halt the fire sales of the country’s strategic assets by approving the sale of its airports to a German company.

Asda shocked the grocery trade yesterday by posting its worst sales performance since it was taken over by Walmart 16 years ago, with discounters continuing to poach its customers.

Rail passengers delayed by as little as a couple of minutes will automatically be refunded electronically, under a scheme announced today.

The majority of UK university graduates are working in jobs that do not require a degree, with over-qualification at “saturation point”, a report claims.

Britain’s inflation rate ticked higher last month, heating up the debate over when Bank of England policymakers will start raising interest rates.

Britain’s banks are selling off more loans than those of any other country in Europe and will shed €60bn (£42.6bn) of assets this year – up from €21.5bn in 2014.

Turmoil in the currency markets switched to smaller emerging economies yesterday as China’s shock devaluation last week raised questions over the competitiveness of its neighbours.

Airbus has secured its biggest ever single order for planes in a £17bn deal with Indian airline IndiGo.