Oil and gas giant Shell has been granted the final permit it needs to begin drilling below the ocean floor for oil in the Arctic.
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
Unions protest as rail fares rise three times faster than wages over five years
Rail unions are holding a protest on Tuesday to highlight their claim that rail fares have risen nearly three times faster than wages over the past five years.
Spending spree by Chinese fails to lift UK high street gloom
Chinese visitors to the UK increased by 45 per cent in June following relaxed visa regulations, although this surge was not enough to revive visitor numbers on the British high street.
Barclays threat causes fury among mis-selling victims
Barclays has provoked fury after handing hundreds of customers a take-it-or-leave-it offer that could result in some small businesses being forced to pay the bank hundreds of thousands of pounds.
CEOs earn ‘183 times more than workers’
Chief executives of the UK’s top 100 FTSE companies earned 183 times the salaries of the average full-time worker last year, a new study has revealed.
Bank of England member warns of low interest rates risk
Waiting too long to raise interest rates risks undermining the UK’s recovery, Bank of England policymaker Kristin Forbes has warned.
Unemployed young people will be sent to work boot camp
Young people without jobs will be sent to boot camp to prepare them for work as part of a “no excuses” approach to eradicating youth unemployment, said Matt Hancock, a Cabinet Office minister.
Moody’s fears Barclays reforms could be thrown off track
High costs and low profits could undermine Barclays’ efforts to reform its business model, analysts at credit ratings agency Moody’s said today.
Banks face huge rigging claims after US payouts
The High Court will become the battleground for billions of pounds in new rigging claims against some of the world’s biggest banks following manipulation charges in the US.
Business rates put free ATMs in shops at risk
Shopkeepers are warning they may need to start charging customers to use free cash machines, because of changes in how they are taxed.
IMF calls for Greek debt relief after bailout approved
The International Monetary Fund has called on eurozone ministers to offer Greece debt relief, following the approval of a new bailout deal.
Sainsbury’s cuts short British Athletics sponsorship deal
Sainsbury’s has cut short its multimillion-pound, four-year deal to sponsor British Athletics, the supermarket group revealed on Friday.
French economy grinds to a halt as German growth disappoints
The French economy stagnated in the second quarter as household spending slowed and business investment contracted.
Cineworld beats piracy to have blockbuster year
Cineworld has bounced back from the competition of downloads to record results which were “marginally” ahead of plan.
Roaming charges ‘can cost more than holiday’
Holidaymakers have been warned that using the internet on their mobile phones abroad could end up costing more than the holiday itself.
