The City received a double boost yesterday as London City Airport was given the go-ahead for a major expansion while the latest GDP data beat expectations and lifted the FTSE 100 to a 12-month high.
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
GSK: UK still ‘attractive’ post Brexit as it invests £275m
GlaxoSmithKline is to invest £275m to expand its UK manufacturing sites, saying the country remains “an attractive location” despite Brexit.
Sir Philip Green is threatening legal action against the chair of a parliamentary inquiry into the collapse of BHS
Retail tycoon Sir Philip Green is threatening to sue work and pensions committee chair Frank Field over some of his comments relating to the collapse of BHS.
Credit card firms must do more to help 5m customers trapped in persistent debt, says FCA
More than 5 million people would take more that ten years to pay off their credit card debt if they continued their current repayment patterns, according to the review
Apple plans to invest in augmented reality following success of Pokémon Go
Chief executive Tim Cook said the computing platform is going to be ‘huge’ as he announced third-quarter revenue was down 15% from last year
All big banks could follow RBS and send rates negative
RBS and NatWest’s decision to consider cutting interest rates below zero could prompt all of the other big banks in the UK to follow suit, analysts believe, leaving most small businesses facing the prospect of paying for the privilege of holding money with their bank.
Natwest and RBS may charge firms to hold deposits
Natwest and Royal Bank of Scotland (RBS) have warned businesses they may have to charge them to accept deposits due to low interest rates.
UK Solar power industry loses over 12,000 jobs after Government slashes subsidies
Worse could be to come for the UK solar industry as 30 per cent of the companies surveyed expect to have fewer employees in 12 months than they do today
BT avoids Openreach breakup but Ofcom orders more investment
Media regulator Ofcom instead orders BT to give further independence and investment powers to broadband division
Please build mini-nukes in Wales, say Welsh MPs
New “mini” nuclear reactor technology should be built at the site of a former nuclear power station in Wales, a committee of Welsh MPs has said.
Nintendo shares plunge on Pokemon profit warning
Shares in Nintendo have fallen sharply after the Japanese gaming giant said Pokemon Go’s success would have a limited impact on its profits.
Verizon ‘agrees to buy Yahoo’ for $5bn
Yahoo shareholders are fed up with a downturn in the company’s revenue
Sir Philip Green leadership failure and personal greed led to collapse of BHS, MPs say
Sir Philip Green is ultimately responsible for the failure of BHS, according to senior MPs who today publish the findings of a parliamentary inquiry in the retailer’s collapse.
Deliveroo workers’ contracts ban access to employment tribunals
Delivery firm tells its self-employed couriers they cannot go to court to be recognised as staff with more rights
Sainsbury’s gets blessing from competition watchdog for Argos takeover
Sainsbury’s proposed acquisition of Home Retail Group has been given clearance by the Competition and Markets Authority (CMA).
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