Category: News Wire

Business groups have warned David Cameron that he cannot expect companies to automatically raise wages to compensate for cuts in tax credits that are likely to be unveiled in the summer budget.

BT is calling on the communications watchdog to let it scrap the traditional telephone network, as part of a campaign to loosen regulations that it says will help telecoms companies compete better with US internet companies such as Apple and Facebook.

Upmarket US grocery chain Whole Foods has been accused in New York of routinely overcharging customers.

The government’s commitment to low-carbon technology has been called into question as it prepares to raise more than £1bn by selling a majority stake in the Green Investment Bank, the project that was a central promise in the Conservatives’ 2010 manifesto.

Barclays is closing in on the sale of a division which invests in North Sea oil and other natural resources companies as part of efforts to simplify the bank.

Ladbrokes could be forced to sell some 1,300 betting shops to secure the green-light from regulators for its potential £3.5bn merger with the betting business of Gala Coral.

The Miami Dolphins American football team owner Stephen Ross is reportedly working with investors from Qatar to buy a stake in Formula 1 racing.

The scandal which enveloped the Co-operative Bank was reawakened on Tuesday when the bank revealed it was facing fines from City regulators over the events that led to its near collapse two years ago.

Regulators will today bow to City warnings that new pay rules threaten to undermine the UK’s competitiveness when they unveil proposals to change the way bonuses are treated when bankers quit their employers to join a rival.

Tesco’s suppliers have rated the retailer as the worst of the major supermarkets at complying with a government-backed industry code designed to protect manufacturers.

Bookmaker Ladbrokes has said it is in talks with the board of Gala Coral Group over a possible merger.

The electronic cigarettes industry is now bigger than dental floss and canned soup after sales of vaping devices surpassed $6bn for the first time last year.

Tesco is expected to reveal a deterioration in UK trading this week, as Britain’s biggest retailer prepares to face investors angered by “excessive” boardroom pay.