Category: News Wire

George Osborne has pushed out the head of the City regulator, signalling a victory for the financial services industry in its campaign to move to more friendly relations with the government.

Now is the best time to be an entrepreneur in this country, according to 83-year-old Conservative peer Lord Young.

The online gambling operator 888 Holdings has won a takeover battle and bought its larger online rival Bwin.party Digital Entertainment in a deal worth nearly £900 million.

Online retailer eBay and payment company PayPal are splitting their operations into two individual companies, having traded together since eBay bought PayPal in 2002.

Shares in Royal Mail fell on Friday after Ofcom confirmed the scope of a review into the company’s operations.

The pound has hit a seven-and-a-half year high against the euro after Mark Carney signalled that the first rise in interest rates since the global financial crash could take place around the turn of the year.

Greece looks set to get a €7bn bridging loan to keep the country afloat until a bailout is approved.

John Dixon, the head of Marks and Spencer’s clothing and other non-food businesses, has quit the high street retailer.

Amazon is preparing for the imminent launch in Britain of its online grocery delivery service.

So-called guarantor loans have the potential to be “just as damaging” for borrowers as payday loans, Citizens Advice is warning.

Britain has been put on alert to expect its first interest rate rise since the global financial crash, as the governor of the Bank of England, Mark Carney, warned that the long period of 0.5 per cent borrowing costs was coming to an end.

BT could be forced to hive off its network unit which supplies capacity to rivals such as Sky and TalkTalk.

The competition regulator has found evidence supermarkets are misleading customers with confusing pricing promotions.

George Osborne’s living wage could be the death knell for pubs up and down the country, the chairman of JD Wetherspoon warned yesterday.

Netflix CEO Reed Hastings told investors on Wednesday that the company was preparing to carefully push consumers toward higher-priced plans in the US in the coming years.