Shares in the owner of Carphone Warehouse plunged by a third as it warned consumers were shunning handset upgrades – partly due to higher prices caused by the slump in the pound.
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
Shoppers tighten belts as rising prices dent economy’s growth
British shoppers are no longer the biggest driver of economic growth as households slowed down their spending spree in the second quarter of the year.
Subaru counts cost of Takata failure by as £580m hit destroys profit growth prospects
Japanese carmaker Subaru has been left counting the cost of failed airbag manufacturer Takata, today booking an 81.3bn (£580m) yen hit.
Spotify signs crucial Warner Music deal
Spotify has signed a new licensing deal with Warner Music Group, paving the way for the music streaming service to go public.
Donald Trump’s luxury hotel handed £110,000 tax rebate
The US President’s resort at the famous Turnberry golf course on the coast of Ayrshire, saw 13.5 per cent slashed from its annual corporate tax bill of £811,850
One in ten BBC staff given pay rise of more than 10 per cent last year
Nearly 1,800 members of BBC staff received a pay rise of more than 10 per cent last year, figures have revealed.
‘Landlord tax’ stamp duty changes raise £2bn a year from buy-to-let and second home owners – double predicted amount
The Government’s stamp duty changes are raising twice as much money from home buyers as initially expected, HMRC figures show.
UK car production revs up in July
The number of cars built in the UK last month rose by almost 8% compared with July 2016, new figures show.
RBS settles businessman’s mis-selling legal claim
Royal Bank of Scotland has settled a legal case brought by businessman who claimed the lender had sold him Libor-linked hedging products while simultaneously attempting to rig the benchmark rate.
Borough Market is adding water fountains in a bid to go plastic-free
London’s Borough Market is introducing free drinking water fountains today, as part of its mission to reduce plastic waste.
Brace for Brexit: UK air traffic faces slump without deal, airports warn
Growing uncertainty about an ‘open skies’ deal between the UK and European Union countries ahead of Brexit risks triggering a catastrophic slump in British air travel, according to the country’s biggest airports.
Lidl overtakes Waitrose as UK shoppers turn to discounters
German chain is fastest-growing grocer and reaches 5.2 per cent market share as ‘big four’ supermarkets increase sales but lose share.
Employers’ hiring plans slow as Brexit worries weigh on recruitment
Job opportunities are diminishing, with employers’ plans to hire falling to their lowest level in a year as the economic outlook darkens.
Identity theft at epidemic levels, warns Cifas
Identity theft is reaching “epidemic levels”, according to a fraud prevention group, with victims commonly aged in their 30s.
Johnson & Johnson hit with $417m bill over talc cancer claim
Johnson & Johnson (J&J) has been ordered to pay a woman $417m (£323m) in the latest cancer compensation case relating to its talc-based products.
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