Category: News Wire

Apple’s latest iPhone range sold about a million fewer handsets in the last three months of 2017 – but the firm still pulled in record revenues of $88.3bn (£62bn).

The future of Toys R Us’s UK operations – and thousands of jobs – has been thrown into fresh doubt just weeks after creditors approved a radical rescue plan.

More than £1bn was wiped off the stock market value of the government contractor Capita on Wednesday, sparking fears of job losses and forcing Downing Street to play down the threat of a collapse echoing the demise of rival Carillion. Capita, whose major contracts range from collecting the BBC licence fee to electronic tagging of […]

Informa has sealed its £3.8bn takeover of conference organiser UBM on Tuesday, creating an enlarged business information and events firm.

Silicon Valley billionaire Marc Benioff has compared the current crisis of trust facing the tech giants to the financial crisis of a decade ago, urging regulators to wake up to the threat from Google, Facebook, and the other dominant firms. The outspoken entrepreneur accused some of the industry’s most influential bosses of “abdicating responsibility” and […]

The chair of an influential House of Commons committee has urged the Prime Minister to make good on her promise to crackdown on “unscrupulous” company bosses by imposing billion-pound fines. Labour MP Frank Field, who heads the Work and Pensions select committee, called for regulators to put “the fear of God” into company chiefs, reports […]

Using ‘just walk out’ technology to end queues, Amazon Go fires a warning to the high street Amazon will open its first checkout-free grocery store to the public on Monday, moving forward with an experiment that could dramatically alter bricks-and-mortar retail, reports The Guardian.The Seattle shop, known as Amazon Go, relies on cameras and sensors […]

The Bitcoin boom is set to boost hiring in the City this year as financial companies race to stay ahead of the game in developing Blockchain technology, a leading headhunter has predicted. Recruiter Morgan McKinley claimed the “increasing need for blockchain and cryptocurrency” could boost the number of available jobs this year, with the boom in […]

Ryanair has been referred to employment and tax authorities for investigation by two parliamentary committees, citing the airline’s “refusal to cooperate” with inquiries over crew pay and conditions.

HSBC has agreed to pay just over $100m (£72m) in penalties to settle a US Department of Justice probe into currency rigging. The payment comprises of $38.4m in restitution and a $63.1m fine, with the latter reflecting a 15pc reduction “in recognition of HSBC’s cooperation during the investigation and its extensive remediation”, reports The Telegraph. […]

Apple said it will bring hundreds of billions of overseas dollars back to the US, pay about $38bn (£27bn) in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. The iPhone maker plans capital expenditures of $30bn in the US over five years and will create 20,000 […]

The head of the Serious Fraud Office has said there must be no let-up in the way financial criminals are pursued after the UK leaves the European Union.

Proposal sees 300 metres cut from runway in effort to help reduce costs to £15bn, but opponents say move changes forecasted economic benefits

The construction firm Carillion, which is involved in a host of major government projects such as HS2 as well as vital public services including school dinners, has gone into compulsory liquidation, putting tens of thousands of jobs at risk.

Theresa May has summoned a group of City chiefs for talks about the prospects for a post-Brexit trade deal that would safeguard the interests of Britain’s financial services industry.