Oil prices surged as much as 10pc to hit $52-a-barrel today after the Opec cartel agreed to cut its production for the first time since 2008 in an attempt to address the global supply glut and lift prices.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Shoppers now ‘resolutely gloomy’ about the future of the UK economy
Confidence falls as inflation looks set to rise sharply while wages stagnate.
John Lewis posts record £200m sales week thanks to Black Friday
Department store group’s trading is up 6.5 per cent on last year, with electrical deals pulling in buyers.
Trump to appoint former Goldman banker as Treasury secretary
Donald Trump, the US president-elect, is to appoint a former Goldman Sachs banker as his treasury secretary, it emerged tonight.
RBS worst hit in Bank of England stress test
RBS has missed key hurdles in a Bank of England stress test, forcing it to devise new plans in case of a financial crisis.
Identity crisis? Samsung’s thinking of splitting in two
Samsung Electronics has confirmed it’s weighing up dividing the firm into two separate companies.
Bank of England rate setter hits back at PM’s complaint about savers
The external Monetary Policy Committee member said such gripes reflect only a partial view of the financial position of savers.
UK to ratify EU patent system despite Brexit
The UK is to ratify plans to create a patent court that will span the European Union, in a move that will spur speculation the Government is preparing for a soft Brexit with close ties to the EU.
BT ordered to legally split from Openreach by Ofcom
Telecoms regulator Ofcom has ordered BT to legally separate from its Openreach division, which runs the UK’s broadband infrastructure.
Executive pay under unprecedented scrutiny – IoD chief
Votes for Brexit and Donald Trump mean board-level pay deals are being scrutinised as never before, Simon Walker set to say.
Virtual reality ‘to replace high street shopping by 2050’
We’re on the cusp of ‘a revolution’, experts say.
London Mayor’s ploughed £2.5m into startups since Brexit
The Mayor of London has ploughed more than £2.5m into the capital’s soon-to-be star startups since the vote for Brexit in a bid to show the world the city’s “open for business”, as he unveiled a new line up of advisors drawn from the UK’s ranks of top entrepreneurs and business leaders.
Brexit EU trade deals ‘should not cherry pick’ different sectors
Campaigners are urging the government not to “cherry pick” different parts of the economy for special trade agreements with the EU after Brexit.
Business leaders challenge Theresa May’s pay proposals
Theresa May’s attempt to reform corporate pay and governance faces more challenges from business leaders.
London tops cost-of-housing survey at 14 times average earnings
Cambridge and Oxford follow the capital at over 13 times earnings while Glasgow and Liverpool have lowest income-to-price ratio.
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