Category: News Wire

More than one third of British businesses think the UK should remain in the EU’s Single Market and Customs Union, according to a study from the British Chambers of Commerce (BCC).

People are being urged to dig out their old £1 coins from wallets and crevices in sofas before their legal tender status ends.

A government review into the rapidly changing world of work is to demand a radical overhaul of employment law and new guarantees on the minimum wage.

Deliveroo has called for the Government to overhaul workers’ rights legislation to allow it to give its delivery riders benefits without the conditions that would be attached to counting them as employees.

Samsung Electronics has reported a record quarterly profit thanks to surging global demand for memory chips.

Report on the gig economy by Frank Field reveals allegations of ‘poverty pay’ and shoddy treatment at Parcelforce, DPD and British Car Auctions.

The tech firm begins reducing sales staff numbers but will not confirm if those affected include members of its UK workforce.

The housebuilder will now spend over £10m in total to fix quality issues that have damaged its reputation, reports Sky News. Bovis Homes has raised, by £3.5m, its provision for rectifying build quality issues as it battles to restore its reputation. The housebuilder, which is undergoing a turnaround plan under a new chief executive, announced […]

The owner of property site Onthemarket.com has won a competition tribunal case allowing it to force estate agents to use only one other rival, reports CityAM. The ruling said a “one other portal rule” enforced by Onthemarket for estate agents listing properties on its site was legal. The rule stopped estate agents using the site […]

The “Petya” ransomware cyber-attack on some of the world’s biggest companies last week could cost Reckitt Benckiser, the maker of Nurofen painkillers and Durex condoms, an estimated £100m in revenue, reports The Guardian. Reckitt Benckiser said the attack on 27 June had disrupted production and deliveries of goods to customers in several countries. “Consequently, we were unable […]

Worldpay, Britain’s largest payments processor, has accepted a £7.7bn takeover offer from US rival Vantiv just 24 hours after the talks first emerged.

Ocado’s profit fell in the first half of 2017, but the retailer said it will continue increase its share of the competitive UK market as more consumers shift to online shopping.

England’s graduates have the highest debts in the developed world, with most expected to be paying off their loans in their 50s.

London remains Europe’s number one hub for technology investment despite Brexit, with record levels of capital flowing in, say officials in the city.

The world’s largest memory chip-maker is to upgrade and expand its operations as South Korea seeks answers to rising unemployment.