Category: News Wire

The cash injection comes as the global meat-free brand achieves 19 per cent growth in worldwide sales in the first half of the year.

Credit risk for UK corporates and financials has been on the rise over the year since the Brexit vote, according to the latest figures from Credit Benchmark.

The UK and US economies will expand more slowly in 2017 than previously predicted, according to the International Monetary Fund (IMF).

The UK’s biggest payments processor charts a leap in the amount of money foreign tourists are spending in the UK.

Guardian exposed how exchequer could lose millions from aggressive tax avoidance scheme linked to Anderson Group.

Paysafe Group has revealed it received a conditional offer from Blackstone and CVC Capital Partners valuing the business at £2.9bn.

Microsoft quarterly profits nearly doubled to $5.3bn, after growth from its cloud computing business.

Retail sales bounced back in a warmer second quarter of the year, raising hopes the resilience of the British consumer will continue to fuel UK economic growth. Sales rose by 0.6 per cent in June in terms of the volume bought, with a quarterly sales increase of 1.5 per cent, the Office for National Statistics […]

More than a third of all card payments are now contactless, according to new figures. Trade association UK Finance said 33 per cent of all spending on plastic was settled with a tap instead of a swipe in May, almost double that of last year’s 18 per cent, reports The BBC. There was a particular […]

The UK’s largest supplier of energy is ticked off by the regulator for failing to keep customer appointments. The country’s largest supplier of energy to households and businesses was required by the industry regulator to agree customer payouts but not pay a fine as it flagged the failures to Ofgem itself, reports Sky News. Around […]

Move by US investment bank to ensure it can keep trading across EU could put 200 jobs at risk in City of London US investment bank Morgan Stanley has chosen Frankfurt as the site of its post-Brexit EU hub in a move that could put 200 jobs in the City of London under threat, reports The Guardian. […]

Sports Direct has reported a 58.7 per cent slump in underlying profits and announced the appointment of a permanent finance chief for the first time in four years. The Mike Ashley-run retailer recorded a dive in underlying profits from £275.2m to £113.7m in the year ending April 30. It blamed the fall for not having sufficient […]

Insurance giant Aviva will sell its loss-making Friends Provident arm to International Financial Group for £340m, the firm announced this morning.

Britain has been ranked 10th in global index of the nations most ready for political and economic change, easing concerns the UK will struggle to deal with financial uncertainty caused by Brexit, according to a major international study.

The IFS says the gap between the richest and poorest households has narrowed but regional disparity remains.