Category: News Wire

Growth prospects for the UK construction industry have been downgraded amid “clear signs” next year will be “difficult” for the industry.

A Google employee’s opinion criticising the firm’s diversity initiatives is causing a furore at the firm.

Social media firms will have to erase information on individuals when asked under laws allowing people the “right to be forgotten” online.

Sainsbury’s looks set to give a number of its head office jobs the chop, as the supermarket giant attempts to make £500m of savings.

Emailing has held on to the top spot as the most common internet activity in Britain, despite the continued rise of social media, a survey has found.

Mark Carney, the governor of the Bank of England (BoE), believes the UK’s financial sector could double in size within the next 25 years.

Bank for wealthy customers will open offices in Manchester, Leeds and Glasgow in attempt to woo multimillionaire clients.

Royal Bank of Scotland (RBS) has announced its first half-year profit for three years, declaring it as “proof of the investment case for this bank”.

Online estate agent Purplebricks has apologised after it was revealed by a BBC documentary to be repeating claims that the advertising watchdog had previously ruled as misleading.

Kanye West has justfiled a $10m (£7.6m) lawsuit against Lloyd’s of London insurers in a dispute over 21 cancelled tour dates last year. The pop star and his tour company, Very Good Touring, claim insurers may not pay out because the cancellations were as a result of a medical condition caused by marijuana use – something West […]

DFS, the UK’s biggest independent furniture retailer, will this week unveil a takeover of fast-growing rival Sofology just weeks after a profit warning sparked fresh fears of a slowdown in consumer spending. DFS, which has a market value of more than £450m, is close to agreeing the purchase of Sofology in a deal understood to […]

Electric car-maker Tesla quarterly revenues have more than doubled helped by higher deliveries of its upmarket vehicles but its losses also grew. The company reported revenue of almost $2.8bn (£2.1) in the three months to 30 June, up from $1.3bn during the same period last year, reports The BBC. Losses increased to $336m, compared with […]

Shares in the world’s most valuable company went up close to 6 per cent in after-hours trading following the news, adding $40bn to Apple’s current value. Apple shares soared to an all-time high on Tuesday afternoon after the tech company announced it had sold 41m iPhones in the last three months. Apple also appeared to […]

The Bank of England should raise interest rates on Thursday and reverse part of the emergency stimulus deployed after the Brexit vote, according to a former deputy governor. Sir John Gieve said there was a “very strong case” for raising rates because the economic slump predicted in the wake of the EU referendum result had not materialised, […]

The UK economy will bounce back in 2018 – prompting the Bank of England to raise interest rates to a more normal level before Brexit, economists believe.