Category: News Wire

Japanese carmaker Toyota has reported a 10 per cent increase in profits for the first quarter of its fiscal year, helped by the weak yen and cost cuts.

George Osborne has kicked off the first sale of shares in the Royal Bank of Scotland since it was rescued in 2008, at a likely loss of around £1bn to the taxpayer.

Audi, BMW and Mercedes’ parent company Daimler have teamed up to buy HERE, Nokia’s maps business, as the German car giants face growing challenges from technology groups.

Complaints about the big energy companies have soared, with billing still the biggest bugbear, according to data published today by the energy ombudsman.

ITV is threatening ministers with legal action over plans that will force users of some digital catch-up TV services to buy a television licence as part of a radical overhaul of the BBC’s funding.

Profit at Europe’s largest bank, HSBC, was up 10 per cent in the first half of this year compared with a year ago on strong earnings in Hong Kong.

Britain’s mortgage borrowers will be warned this week to brace themselves for higher interest rates on what City of London traders have dubbed “Super Thursday”.

It is understood the sale of up to £2.5bn of shares could be launched within a few days — possibly tomorrow — although market volatility could delay the timetable.

IT problems struck NatWest yet again on Friday as customers were left unable to log in to the bank’s online services.

The Bank’s decision makers are expected to be split for the first time this year over the timing of rate rises

The owner of British Airways has promised to do everything in its power to prevent a third runway being built at Heathrow.

Business groups are warning that the Calais migrant crisis is “a threat to the long-term viability” of British companies – as firms begin to count the cost of delays to travel through the Channel Tunnel.

Negotiators from 12 Pacific nations have finished a week of talks without agreement on a regional trade deal.

The prospect of a break-up of Rolls-Royce, one of Britain’s biggest manufacturers, is back on the agenda after a US activist hedge fund revealed it has built a 5.5 per cent stake in the company.