Poundland shares jumped more than seven per cent this morning after South African giant Steinhoff made an uninvited takeover offer.
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
UK unemployment rate at lowest since 2005
The UK unemployment rate has fallen to 5%, the lowest since October 2005, according to official figures.
Sir Philip Green apologises to BHS staff for retailers’ collapse in front of MPs
Sir Philip has been called to answer questions by the Business, Innovation and Skills Committee over the collapse of BHS, leaving 11,000 jobs at risk
London house prices up 14% in a year, ONS data shows
In London the average house price is now more than £470,000
UK inflation rate unchanged at 0.3% in May
The UK’s inflation rate, as measured by the Consumer Prices Index, was unchanged in May at 0.3%, figures show.
Housebuilder says leaving EU would harm British construction
Stephen Stone, chief executive of Crest Nicholson, says Brexit would disrupt imports of building materials
Business rates plans still have major problems, MPs warn
Government plans to let councils keep all of their business rates must address problems with appeals and withdrawing essential grants before they can go ahead, the Communities and Local Government committee has said.
UK facing ‘digital skills crisis’ warn MPs
Urgent action is needed to deal with the UK’s digital skills crisis, warn MPs, or it risks damaging the country’s productivity and competitiveness.
MPs draw up penalties for Philip Green if he fails to attend inquiry
Sanctions could include finding billionaire in contempt of parliament or voting on whether he is “fit and proper” to run firms
Sports Direct chairman, Mike Ashley, interested in BHS stores
The chairman of Sports Direct, Mike Ashley, has written to BHS administrators expressing an interest in taking over a number of its stores.
Solar just made more power than coal in the UK for the first month ever
Solar generated more electricity than coal in the UK for the first month on record in May.
UK voters back Norway-style Brexit, poll reveals
British voters have voiced their overwhelming support for a “Norway-style” arrangement in the event of a decision to leave the European Union that would ensure that the UK could retain its access to the single market.
Ramadan could help supermarkets win the war against discounters Aldi and Lidl
Tesco, Asda expect sales gains during month-long holiday
England’s early exit from Euro 2016 ‘could wipe £6bn off stock market’
New research suggests that disappointing football results in major competitions can have major impact on investor mood
Oil downturn to wipe out over a quarter of North Sea jobs
The UK’s oil and gas industry will lose a total of 120,000 jobs by the end of this year as a result of the market downturn which has slashed value from the struggling sector since mid 2014.
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