Category: News Wire

Former BHS owner claims Labour MP has seen leaked details of regulator’s inquiry into retailer’s £571m pension black hole. Sir Philip Green has threatened the MP Frank Field with legal action after the Labour politician claimed to have seen leaked details of the official investigation into the BHS pension crisis, reports The Guardian. Last week Field […]

Members of the Lloyd’s of London insurance market have filed a legal challenge to Kanye West’s claims he was owed $10m for the cancellation of last year’s Saint Pablo tour, according to reports. In a counterclaim filed with a Los Angeles federal court yesterday, Lloyd’s syndicates said West’s Very Good Touring Inc had failed to co-operate when […]

Royal Mail is to be relegated from the FTSE 100 nearly four years after its controversial privatisation. Shares in the delivery business have fallen more than 15 per cent so far this year as it faces a cocktail of headaches including declining letter volumes and rumblings of industrial action, reports Sky News. Its price was […]

‘Penny-pinching’ Bedfordshire hub receives lowest ever score in annual poll of passengers carried out by Which? Luton airport has been named the worst in the UK for the fifth consecutive year, after passengers branded it a “rip-off” charging penny-pinching prices despite constant overcrowding, reports The Guardian. The Bedfordshire hub received a score of 29 per cent, […]

888, one of the UK’s biggest gambling companies, has been fined a record £7.8m for allowing 7,000 vulnerable customers who had taken a “time out” to continue playing. An investigation by the Gambling Commission found that a “technical failure” in 888’s systems allowed players who had “self-excluded” from the company’s casino, poker and sport games to […]

The euro struck a fresh eight-year high against the pound today as rattled investors in search of safe havens gave yet another boost to the buoyant single currency. The pound bought as little as €1.0745, the lowest since October 2009, barring a bizarre flash crash which lasted just minutes last autumn, reports CityAM. Sterling has been […]

One in five people struggling with debts has seen their credit card limit automatically increased – a higher proportion than for cardholders in general, a charity has claimed. Citizens Advice said 18 per cent of those struggling financially had seen the limit increased without request, compared with 12 per cent overall, reports The BBC. It […]

Details of a £160m Government investment in life sciences will be announced later at the launch of an independent review of an industry worth £64bn to the British economy. The review, by British-Canadian geneticist Sir John Bell, will set out proposals to encourage growth and investment as the Government tries to alleviate concerns about the […]

Theresa May has been forced to abandon her flagship plan to reform executive pay, prompting relief among business leaders but criticism from ­unions and Labour MPs. The Prime Minister had previously vowed to return the Tories to its roots as the party of workers by clamping down on excessive executive pay and giving shareholders more power in […]

Companies will have to reveal how much more their chief executives are paid compared with the average employee, under a package of government reforms.

House price growth continued to ease this month as the economic slowdown takes its toll on activity in the market, according to Nationwide.

UK’s leading plcs have combined deficit of £62bn, with the percentage of their profits higher than in 2009 after financial crisis.

Profits have been hit in the all-important services sector on the back of a steep rise in costs, even as demand ­remains robust.

Deloitte’s profits flatlined last year as the accountancy firm navigated a six-month ban from pitching for UK government contracts.

An ambitious target to phase out sales of new petrol and diesel cars by 2030 could halve UK oil imports, a study by environmental and aid organisations suggests.