Oil prices have risen above $50 a barrel for the first time this year after data showed a fall in US crude inventories, adding to expectations of a tightening global market.
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
Mark Carney denies Brexit bias and Goldman Sachs influence in heated exchanges with MPs
Lengthy Brexit grilling sees Bank of England governor asked about external lobbying
Last-minute bid for BHS as liquidation threat looms
A consortium led by a former Mothercare boss is thought to be the frontrunner to rescue BHS.
3.2million people may have paid the wrong tax after chaos at HMRC left callers waiting for up to an hour
More than three million people may have paid the wrong tax after chaos at HM Revenue and Customs left callers waiting for over an hour to speak to staff last year.
Small business loses out as big banks play safe over risk
Smaller financial services businesses have been among the biggest victims of so-called “de-risking” by large lenders, which have dropped customers amid pressure from regulators to prevent money laundering.
British cars zoom off the production line on the back of demand from overseas
UK car makers today reported that their vehicles zoomed off the production line in April, on the back of increased overseas demand.
Sugar shortage cuts Coca-Cola production in Venezuela
A sugar shortage has forced Coca-Cola to stop producing soft drinks in Venezuela amid an escalating food and energy shortage.
Goldman Sachs told Arcadia bosses that Dominic Chappell had a history of bankruptcy
Top Goldman Sachs banker Anthony Gutman told MPs this evening that his firm warned Arcadia Group over its sale of BHS.
IMF tells EU it must give Greece unconditional debt relief
Fund’s debt assessment calls for ‘upfront and unconditional’ debt relief for Athens or it will refuse to part-fund latest bailout
Foreign investors rush to UK
Britain attracted record levels of foreign direct investment last year but uncertainty over its future in the EU has put its status as a top investment destination at risk, research shows.
BHS owner faces lawsuit as MPs query sale
The former owner of BHS is facing legal action after allegedly failing to co- operate with the administrator of the failed department store.
Gibbs’ unveils river taxis with a difference on the Thames
The days of congested London bridges could be numbered after a technology company showed off its amphibious cars on the Thames this weekend.
Axa stubs out €1.7bn tobacco industry investment
Axa, the world’s largest insurer, will stop investing in the tobacco industry and sell investments worth more than €1.7bn (£1.3bn).
Sir Philip Green could help draft law to protect pensioners, says MP
Frank Field, co-chair of inquiry into controversial sale of BHS, says tycoon could advise on new legislation
Saudi financial crisis ‘could leave oil at $25’ as contractors face being paid in IOUs
Saudi Arabia faces a vicious liquidity squeeze as capital continues to leak out the country, with a sharp contraction of the money supply and mounting stress in the banking system.
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