BT has been told to put its “house in order” or face a split by a leading group of MPs.
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
Millennials earn £8,000 less in their 20s than previous generation, study says
And a post-Brexit downturn could depress millennials’ wages even further
Bank of England to close personal banking service for employees
Review finds bank within Threadneedle Street used by staff for 300 years cannot compete with high street banks’ services
Japan’s SoftBank to buy iPhone chip maker ARM in £24bn acquisition of Britain’s biggest tech company
ARM Holdings, Britain’s biggest listed technology company, has agreed to be acquired by the Japanese conglomerate SoftBank for £24.3bn.
Pound sterling is trading £1 for €1 at some airports after Brexit
Bureaux de change at UK airports are charging fees to Brits already hit by a slump in the value of the pound
Nintendo shares up more than 50% since Pokemon Go release
Shares in the Japanese company Nintendo have seen a stellar rise since the release of their augmented reality game Pokemon Go, gaining more than 50%.
Bank of England could cut interest rates to halt UK recession
Bank governor Mark Carney also expected to inject billions into financial system to boost economy after Brexit vote
New Chancellor Philip Hammond rules out emergency Budget
Philip Hammond, the new Chancellor of the Exchequer, has ruled out an emergency Budget following the UK’s vote to leave the EU.
Ireland’s economy grows 26.3% in 2015 as corporations flock to low tax rate
€300 billion of assets were transferred to Ireland last year as companies moved their headquarters to take advatage of its 12.5% corporation tax, but some have questioned the figures
Airbus to cut back production of A380 aircraft
European plane manufacturer to make 12 superjumbos in 2018 compared with 27 deliveries in 2015
South African goup Steinhoff buys Poundland for £597m
South Afican group Steinhoff has made it third time lucky in its hunt for a British retailer by confirming it will buy discount chain Poundland for £597m.
Dairy farms closures: More than 1,000 shut in three years
The number of dairy farms in England and Wales has fallen by more than 1,000 in three years, an industry body has reported.
Oil hovers near two-month low as traders eye Opec monthly report
Oil hovered near two-year lows today despite interruptions in Iraqi crude loadings at Basra threatening to squeeze supplies.
HSBC escaped US money-laundering charges after UK intervention
Chancellor George Osborne and a British banking regulator warned of ‘global financial disaster’ if bank were prosecuted, House report says
Pound spikes and FTSE 100 charges into bull market territory – how markets reacted to news of a new PM
The FTSE 100 charged into bull market territory and the pound spiked above $1.30 after Theresa May won the race to succeed David Cameron as Prime Minister.
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