Category: News Wire

Google has unveiled a surprise restructuring, creating a new parent company called Alphabet Inc.

Amazon has moved a step closer to launching a grocery service in the UK, taking over the lease on a warehouse previously used by Tesco.

The struggles of the supermarkets have caused the total profits of Britain’s top companies to plunge by more than a third, an analysis of quarterly results has revealed.

Legal & General is close to signing a deal to build 7,000 homes and almost a million square feet of office space on the outskirts of Leeds.

The owner of the fashion chain Jack Wills is in talks to buy Yo! Sushi, the UK’s biggest Japanese restaurant group, for about £100m.

Farming unions from across the UK will hold an “urgent summit” later to discuss milk prices, following widespread protests.

Oxfam is to trial discount charity shops after sales slumped amid competition from cheap high street stores such as Primark and a drop in clothing donations.

Competition in banking is not working effectively, leaving customers to lose out financially without even knowing it, according to Tesco Bank’s chief executive.

The challenges facing the British postal market were laid bare again yesterday when UK Mail unwrapped its second profit warning in four months amid problems with its new sorting facility.

The details of up to 2.4 million Carphone Warehouse customers may have been accessed after the firm was targeted by hackers.

The US economy added 215,000 jobs in July, while the unemployment rate held at a seven-year-low of 5.3 per cent.

Morrisons has agreed to meet dairy farmers to discuss the price it pays for milk after a week of protests that included a blockade of two of the supermarket’s distribution centres.

Sky is being formally investigated by the communications regulator Ofcom over concerns that it does not allow customers to cancel at the end of their contracts.

The Bank of England has dashed savers’ hopes for an interest rate rise this year, signalling that the first move was unlikely to come until around May.

A UK regulator has accused two companies of breaching competition laws by ramping up the price of a key epilepsy drug, at a cost of millions to the NHS.