Tuesday, January 16, 2018

EasyJet to set up Austrian HQ to operate EU flights after Brexit

Airline still faces legal uncertainty about whether it will be able to fly between the UK and EU, and on what terms EasyJet is to open a new European headquarters in Austria...

Brexit is hampering UK productivity, says Bank policymaker

The uncertainty caused by Brexit is deterring companies from investing and hampering Britain’s ability to close its productivity gap with other leading developed countries, a Bank of England policymaker has warned. Silvana...

British Airways owner loses £170m in value after IT meltdown

IAG shares fall 4% as airline’s reputation is dented after IT failure stranded 75,000 passengers on busy holiday weekend The market value of the British Airways owner, IAG, has fallen by £170m...

Britain should embrace weaker pound and it needs to fall further, says former BoE...

The slump in sterling is a blessing in disguise after years of overvaluation and helps to break the corrosive stranglehold of the financial elites over the British economy, according to a former bail-out...

Privatisation has so much to answer for

As members of the Unison union’s water, environment and transport section, we are pleased to see our union’s longstanding policy of renationalisation of water, rail and energy addressed in Labour’s election...

Consumer confidence bounces back to pre-EU referendum levels

Consumer confidence bounced-back to pre-EU referendum levels in September as households shrugged off Brexit jitters and continued to spend. All five measures used to compile GfK’s closely-watched confidence index climbed this month,...

Make supermarkets and drinks firEnvironmental audit committee recommends adoption of ‘polluter pays’ principle, as...

Environmental audit committee recommends adoption of ‘polluter pays’ principle, as well as backing deposit return scheme and public water fountains Supermarkets, retailers and drinks companies should be forced to pay significantly more...

Green Investment Bank’s assets must be protected

The Green Investment Bank is a real success story. Publicly owned, it has helped fund innovative new smart green technologies to fight climate change and attracted capital to UK infrastructure. It is...

UK credit and debit card spending ​growing​ at fastest rate since 2008

New figures showing borrowing is rising more than five times faster than earnings come after warnings from Bank of England New figures show spending on credit, debit and charge cards is growing...

Goldman Sachs boosts post-Brexit plans with Frankfurt office deal

Wall Street bank leases eight floors of new 37-storey block in German financial capital with space for 1,000 staff Goldman Sachs has begun to make plans for Brexit by leasing space in...

China won’t release men investigating supplier producing Ivanka Trump items

China’s government has rejected a US state department call to release three activists detained while investigating a Chinese company that produced shoes for Ivanka Trump and other brands. It sought instead...

Labour’s new soft Brexit policy could create electoral problems

The publicity now given to the decision of Her Majesty’s Most Loyal Opposition to start opposing the government on Europe is indicative of its curious failure to do so hitherto (Report,...

World’s biggest banks face £264bn bill for poor conduct

Costs for 20 financial institutions for the five years to 2016 are higher than in the previous period, with RBS and Lloyds in top five Fines, legal bills and the cost of...

John Lewis Christmas advert 2016: When is the ad released, what will the song...

It's the one British retailer that's gained a reputation for producing the most memorable Christmas adverts in recent years. And for some its festive productions have become as synonymous with the start of...

By singling out Apple over taxes, Brussels is abusing its own rules

Under EU rules it is illegal for countries to give financial help to some companies and not others in a way that distorts fair competition, writes Liza Lovdahl Gormsen. State aid rules were originally...

Ladbrokes could face inquiry after betting addicts’ details found in bin bag

Ladbrokes could face an investigation from the gambling regulator over an incident in which confidential information about betting addicts, including photos, names and addresses, was found in a bin bag on...

BT to slash landline charges for 1 million customers

Bills for line-only customers will fall from £18.99 to £11.99 per month after regulator attacked deal as ‘poor value for money BT is to slash the amount it charges a million landline-only...

Marks & Spencer chairman Robert Swannell steps down after six years at the retailer

The hunt is on for a new chairman of Marks & Spencer after Robert Swannell announced his intention to step down next year, when he will have served six years as chairman...

Sports Direct fails to meet 2016 pledge on working conditions

Guaranteed hours have not been offered to shopworkers nor warehouse workers put on permanent contracts, claims union Sports Direct has failed to meet a pledge to offer guaranteed hours to shopworkerss and...

UK business chiefs unite to demand urgent Brexit transition deal

Five major lobby groups write letter to David Davis in latest sign of employers’ growing alarm about state of talks with EU UK business leaders have united to urge David Davis to...

High street retailers pin hopes on discount splurge in Black Friday fever

Shoppers are expected to go on a £2.5bn spending spree in the next 24 hours asBlack Friday discount fever sweeps UK high streets. Friday promises to be a nailbiting one for...

Four Seasons Health Care rescue talks suffer setback

Minority bondholders react angrily to deal conditions tabled by troubled firm’s biggest lender, H/2 Capital Partners Talks over the future of loss-making Four Seasons Health Care, which looks after 17,000 elderly and...

Economists hike forecasts as Brexit confidence grows

Britain's economy will grow faster than expected in 2016 and 2017, as newly optimistic economists reverse some of the downgrades made immediately after the Brexit vote. A raft of strong economic data...

Switch your UK mobile network with a text message from 2019

New Ofcom rules also mean customers will not have to pay for their old and new services at the same time Consumers will be able to switch mobile phone providers by sending...

Meet the brains at Uber, Spotify and Microsoft changing the world

Experts, who needs ’em? For many Britons who felt bombarded by warnings about economic doom ahead of the EU referendum, it’s become a dirty word. Economists had a rough ride last year,...

Philip Hammond admits taxpayers’ RBS stake is likely to be sold at a loss

Philip Hammond has signalled that the government is facing a multibillion-pound loss from selling off its 73% stake in Royal Bank of Scotland. The chancellor told MPs that that “we have to...

Carney boost evaporates as pound drops back towards $1.22 after UK factory sector loses...

Investors welcome Mark Carney's decision to stay at Bank of England until June 2019 Pound retreats from two week high after UK manufacturing PMI FTSE 100 edges back towards 7,000 ...

Barclays: who are the four charged bankers?

Barclays bank and four of its former senior staff have been charged by the Serious Fraud Office with conspiracy to commit fraud and the provision of unlawful financial assistance, in the...

Britain has the edge over EU nations in trade talks, says Civitas

rade between Britain and the EU creates far more jobs on the continent than it creates in the UK, giving the remaining 27 nations a substantial incentive to strike a positive...

Banks plan clampdown on credit after warnings on debt mountain

Squeeze on lending on credit cards and personal loans follows warnings from Bank of England and others UK banks are planning the biggest squeeze in consumer credit since late 2008, when the...

Buy, George? World’s largest fund manager hires Osborne as adviser

George Osborne is taking on a lucrative six-figure role as an adviser to BlackRock, the world’s biggest fund manager. The former chancellor has already earned considerable amounts in the private sector since Theresa...

UK interest rates stay at 0.25% but Bank of England hints rise is looming

Pounds jumps 1% as governor says Bank is ‘beginning to shift’ on when to raise rates, with a rise possible ‘in coming months’ to stem inflation The Bank of England has raised...

HBOS takeover: Lloyds buyout was unique opportunity, says defence QC

High court hears Lloyds shareholders’ £600m claim for compensation described as ‘legally unprecedented’ and ‘fundamentally flawed’ The acquisition of HBOS was a “unique opportunity” for Lloyds Banking Group and regarded by its...

Universities need to shift power and money from top to bottom

In a letter (Female staff back Bath vice-chancellor, 25 November), 15 senior staff at the University of Bath backed their vice-chancellor, Glynis Breakwell, and suggested that she had been the subject...

M&S investors spooked by slowdown in food sales

The retailer has increasingly relied on brisk trade in its upmarket food halls to prop up its struggling clothing arm A slowdown in food sales at Marks & Spencer has spooked investors...

Snap’s Billionaire Tech Bro Co-Founders Just Lost $1 Billion Each

In early March, Snap CEO Evan Spiegel received a hefty stock bonus worth about $750 million on completion of the company's initial public offering. But on Wednesday, a poor reception for Snap's...

Mars recalls Galaxy, Teasers and Minstrels in UK over salmonella fears

Confectionery firm takes precautionary step of recalling certain chocolate treats due to potential presence of bacteria Mars has recalled some Galaxy chocolate bars, packets of Minstrels and Maltesers Teasers across the UK...

Sir Philip Green and the BHS scandal

Sir Philip Green, the former owner of BHS, has been branded the “unacceptable face of capitalism” by MPs investigating the retailer’s collapse. Is that fair? Simon Wilson reports. What’s happened? The verdict of...

New Tata Steel scheme secures pensions for 130,000 workers

Arrangement offering ‘more sustainable outcomes’ expected to clear way for merger of European business with ThyssenKrupp The final move to secure the pensions of tens of thousands of steelworkers has been announced,...

We medical staff are doing our best despite the waste

Your article headlined “How to save the NHS, according to those in the know” (6 January) is intended to be helpful but is hindered by seeking the views of those who, unfortunately,...

Trump and Brexit put global economic growth at risk, World Bank says

  A tentative pickup in the global economy this year is at risk from the political uncertainty unleashed by Brexit and the arrival of Donald Trump in the White House, the World...

Cyprus ‘selling’ EU citizenship to super rich of Russia and Ukraine

Passports issued under ‘golden visa’ scheme raises €4bn since 2013, according to papers seen by the Guardian Billionaire Russian oligarchs and Ukrainian elites accused of corruption are among hundreds of people who...

Brexit fallout: Here are the winners and losers from a weaker pound

The pound has plummeted to its lowest level in more than three decades against the dollar in the wake of the Brexit vote. Here's why it happened and whether households and businesses...

Lloyds compensates only five victims of HBOS fraud scandal

Some of 67 business owners left penniless by Reading scam threaten legal action as bank fails to meet deadline for offers Lloyds Banking Group has paid compensation to only five of the...

You will be amazed after knowing this 15 secret features of whatsapp…

Whatsapp has swiftly grown from a small startup to one of the most popular messaging apps in the world, with over one billion users. While you may use it every day, you...

The RBS crisis: a timeline of events

Timeline Royal Bank of Scotland’s problems date back to the £49bn record-breaking takeover of Dutch bank ABN Amro in 2007. In April 2008, RBS tried to boost its finances through a £12bn...

Workers at Chinese Factory for Ivanka Trump’s Clothing Paid $62 a Week: Report

Conditions at a Chinese factory where designer clothes are manufactured, including for Ivanka Trump's fashion line, were not entirely up-to-snuff for the 80 workers there: They punched in nearly 60 hours...

Put less money into housing and more into saving, says Philip Hammond

Britons invest too much in housing and not enough in assets that are productive for the wider economy, according to Philip Hammond. Pensions are also poorly structured with the result that the...

HSBC should forget Mr, Mrs and Mystery. Here’s the only title we need

Plain old Mr, Mrs and Ms just don’t cut it any more. At least, that’s what HSBC thinks. It may no longer be “the listening bank”, but it’s listened to its customers in...

Jobs at risk as Jones Bootmaker teeters on brink of administration

Hundreds of high street jobs are at risk at Jones Bootmaker as the retailer teeters on the brink of administration. The 160-year-old chain, which is owned by private equity firm Alteri, has...

Tories may compel firms to disclose gap between pay of CEOs and workers

Government plans expected to include requirement that top companies explain ratio between earnings of bosses and staff Britain’s top companies could be forced to disclose and explain the pay gap between their...

What the crashing pound means for your money

Last week was rather an exciting one for markets. The prime minister gave us a deadline for Brexit. Upon hearing all the tough talk at the Conservative party conference, the pound took...

Bank of England warns a consumer debt crisis could cost banks £30bn

Stress tests reveal lenders are understanding exposure to bad debt in face of an economic downturn. The Bank of England has issued its strongest warning yet about the UK's ballooning consumer debt,...

Amanda Staveley’s consortium offers around £300m for Newcastle United

Ashley wanted around £400m when he went to market • Rafael Benítez’s future in doubt unless he gets January funds Amanda Staveley’s Dubai-based financial advisory firm PCP Capital Partners has formally offered Mike...

Starbucks vows to hire 10,000 refugees as US companies condemn Trump travel ban

Starbucks has promised to hire 10,000 refugees over five years in response to Donald Trump’s executive order temporarily barring refugees access to the US and banning entry for anyone from seven...

Get ready for the mother of all stock market corrections once central banks cease...

Global stock and bond markets have been all over the place of late. Rarely have investors been so lacking in conviction. Confusion as to future direction reigns, and with good reason...

The standard rate for 25k at TDCT is .65%. Bank employees have a further...

A key federal regulator wants to ditch a plan that would have allowed air travelers to make in-flight cellphone calls, saying the move is a win for Americans who "value a...

Amazon convinced Whole Foods not to involve other bidders in $13.7bn deal

Amazon threatened to cancel its $13.7bn take over of Whole Foods if the US grocer involved other bidders, a regulatory filing showed on Friday, shedding new light on the acquisition. The previously...

Sweden rejects quotas for women on boards of listed companies

Sweden’s parliament has rejected plans to introduce legislation that would fine listed companies who fail to appoint women to at least 40% of board seats. The leftwing government announced in September that...

Fever-Tree co-founder makes £73m from selling shares

Charles Rolls, who launched premium tonic brand with Tim Warrillow, cashes in on soaring stock market value Fever-Tree, the upmarket tonic water maker, suffered the rarest of hiccups in its meteoric rise...

The Guardian view on the post-Brexit economy: fear itself Editorial

Confidence is the magic ingredient in economics. When there is collective faith in the future, shops sell their stock, cranes crank into action, and credit can be turned on like a...

Vodafone to offer superfast gigabit broadband in 12 UK cities by 2021

Company signs a £5m deal with CityFibre to lay out fibre optic networks connecting 1m homes as it aims at 5G services Vodafone has struck a £500m deal to bring next-generation gigabit...

Virgin Trains apologises for sexist response to passenger’s complaint

Company tweets asking woman if she would prefer to be called pet or love when she said manager had called her ‘honey’ Virgin Trains has apologised after its official Twitter account compounded...

Ministers’ industrial strategy risks leaving millions stifled and stuck

All towns and cities in England should be asking; what does the government’s industrial strategy mean for us? The government’s focus has been on making a success of a small number of...

Liberty frontrunner in deal to save almost 2,000 UK jobs at Tata Steel

Industrial and commodities group Liberty House is in pole position to buy Tata’s speciality and pipe businesses in a deal that could save close to 2,000 jobs. The Daily Telegraph understands that...

Trump’s corporate tax plan will probably not create a job boom, report finds

Trump has argued that a lower tax burden will help the economy, but a new study argues reducing the corporate tax rate is unnecessary and costly Donald Trump’s plans to reduce the...

FTSE 100 hits 16-month high and pound plunges below $1.29 as Theresa May sets...

London’s FTSE 100 charged to a 16-month high, but fell just four points short of smashing 7,000 in intraday trade, after the pound slumped towards a three-decade low on Theresa May’s...

UK inflation figures will shine light on impact of pound’s Brexit slide

City analysts believe there will have been a pause in June in cost of living rises, but food prices are expected to increase Fresh evidence of the impact of the post-Brexit depreciation...

Brexit is a golden opportunity for stronger US-UK trade ties, says Osborne

The chancellor, George Osborne, will urge US investors not to turn their backs on Britain as he begins a world tour aimed at building new trade ties outside the European Union. Osborne...

British Airways risks strike action over plans to curb pension benefits

Unite and GMB unions make veiled threat after airline proposes overhaul to limit payouts from defined benefits scheme British Airways could face further industrial action, this time over plans to curb retirement...

British industrial production grows at fastest pace in four years

British industrial production grew at the fastest pace in almost four years in April, boosted by the pharmaceuticals and energy sectors. The official figures, which took the City by surprise and sent...

Pakistani airline launches inquiry into ‘extra passengers’ claim

Pakistan International Airlines has said it is investigating reports that more passengers than the maximum allowed had travelled on an international flight, adding that it had launched disciplinary measures against the crew....

Best kids’ apps 2016

48 best free and cheap apps for kids, toddlers and teens - best Android, iPhone and iPad apps for children that your kids will love Entertaining children isn't easy in these days...

Comcast reportedly targeting 21st Century Fox for acquisition

Murdoch-owned media company’s share price shoots up after the news was first reported by CNBC Cable and media giant Comcast has reportedly approached 21st Century Fox about a possible acquisition, a move...

Greece’s row with eurozone deepens as markets remain flat ahead of US Federal Reserve...

While shares tumble and yields surge as Greek markets reel from the news that the country's creditors have stopped the implementation short-term debt relief, the development seems to have had little...

Tesco’s plan bee: spilt supermarket sugar to help feed hungry honey bees

Waste sugar routinely thrown away by supermarkets is being collected to help feed stricken  bees in Britain struggling to get enough nectar to feed themselves. In the first UK trial of its...

UK blocks Madagascar farmer who says mining firm ousted him from land

A Malagasy farmer who says he and his neighbours have lost access to their land because of the UK mining company Rio Tinto has been blocked from visiting London, where he...

Oil market rocked by Russia-Saudi co-operation pact

Saudi Arabia and Russia have forged a deal to use their combined market dominance to help stabilise the oil market as it recovers from its two year downturn. The oil giants, which...

Snapchat isn’t worth $25bn – but that won’t stop the technorati making it so

The irony of me – a 39-year-old untrendy luddite – writing a column about Snapchat has not escaped me. I do not want to take a picture of my face, use digital...

Four reasons why banks won’t leave the City of London after Brexit

As the revolving doors on 25 Bank Street swung open, there was an eery silence - apart from the noise from one of the packs of wild dogs who now inhabit Canary...

Silicon Valley Worries as Government Cracks Down on Specialty Worker Visas

As President Donald Trump criticized the H-1B specialty worker visa program and signed an executive order to — in his words — "finally put America first" Tuesday, tech leaders and workers...

Chelsea Clinton joins board of online travel site Expedia, documents say

Chelsea Clinton is joining the board of directors of online travel booking site Expedia, according to documents filed with federal authorities this week. Documents filed with securities regulators say the daughter of...

Nasa’s results, which combine sea-surface temperature and air temperature on land, show July was 10th month in a row to break monthly temperature record Last month was the hottest month in recorded...

Stay-at-home holidaymakers in the UK are likely to be rubbing shoulders with even more overseas visitors this summer, according to statistics that suggest Brexit could lead to an influx of foreign...

Out of flavour: why tomatoes have lost their taste

An international team of scientists claims finally to have cracked one of the most common consumer conundrums: why don’t tomatoes taste like they used to? After conducting exhaustive taste tests of 100...

Hammond gets budget boost as OECD upgrades UK growth forecast

The west’s leading economic thinktank has raised its outlook for the UK this year, in a boost to Philip Hammond ahead of his budget. But the Organisation for Economic Cooperation and...

10 young players for Liverpool fans to get excited about this season

Liverpool have always been committed to bringing through young players through from their academy, and if this pre-season is anything to go by, Jurgen Klopp is doing his best to uphold that tradition. Here...

Wall Street’s love affair with Trump cools as healthcare bill sows welcome doubts

Wall Street’s uncritical love affair with Donald Trump is over. For five months, traders have swallowed whole the idea that the president would swiftly get a package of tax cuts through...

British cyber security firm ECSC targets £15m Aim float

British cyber security business ECSC, which counts 10pc of the FTSE 100 as its clients, has announced its intention to float on London’s junior market. The Bradford-based group hopes to raise around...

Market volatility returns: £50bn wiped off FTSE 100 in three days and pound skids...

  £50bn wiped off the FTSE 100 in three trading session as sell-off intensifies European bourses close lower as oil prices tumble after IEA report  Pound posts sharpest fall since Bank...

HSBC profits slump following sale of Brazil business

HSBC has recorded a $1.7bn loss from the sale of its Brazilian unit, with the bank’s pre-tax profits tumbling by 86pc in the third quarter. The banking giant’s $843m quarterly profit fell...

Deliveroo boss gives himself 22.5% rise amid battle over riders’ pay

Will Shu hikes salary to £125,000 a year as dispute over workers’ status continues and losses mount at the food delivery company Will Shu, the boss of Deliveroo, handed himself a 22.5%...

BT chief attacks rampant price rises for TV sports rights

The chief executive of BT has said that rampant inflation in the prices paid for TV sports rights must come to an end, as the telecoms giant takes on rival Sky...

Brexit: from an American perspective, there is only one good outcome

While there are good reasons for British voters to either support or oppose theproposed withdrawal of the UK from the European Union, there is little argument at all from an American...

UK taxpayers face multi-billion burden for dismantling of North Sea rigs

British taxpayers face paying billions of pounds more than previously expected for dismantling the North Sea’s oil rigs in a further sign that the industry is becoming a burden on public...

The shares to bring cheer in 2017

From companies whose fortunes are forecast to change for the better, to others predicted to maintain success, Telegraph writers offer their tips for the year ahead. James Quinn: Morrisons Food inflation. Digital sales....

John Lewis expects to cut nearly 800 jobs

John Lewis is to axe nearly 800 jobs in its customer restaurants and store administration in its biggest ever round of redundancies. John Lewis The department store chain said it was consulting...

Firms plan to quit UK as City braces for more post-Brexit losses

British businesses have warned that Brexit will trigger investment cuts, hiring freezes and redundancies as the consequences of leaving the European Unionthreaten to destabilise markets further this week. The survey by the...

Centrists and the left in a polarised world

The most effective deceits are those that are wrapped up in a kernel of truth and Owen Jones is certainly right that postwar consensus-based politics has been damaged by the weakening...

Housebuilder Berkeley Group posts 36% jump in half-year profits

London-centric builder of upmarket homes ups its long-term forecast after reporting profits of £533m and revenues of £1.6bn Housebuilder Berkeley Group has posted a 36% leap in half-year profits and raised its...

Bank of England under pressure for interest rate rise after ONS error

Economists say mistake helps support case for monetary policy committee to raise rates as early as next month The UK’s official statistics agency has added to the pressure on the Bank of...

Dow and FTSE hit record highs as global stock market surges continue

US jobs report boosts Wall Street, services lift UK shares and Japan’s Nikkei rises to 26-year high as as equity markets rally around the world The Dow Jones Industrial Average has gone...

Football clubs ‘vulnerable’ after relying on TV rights

The Premier League’s biggest clubs face a reckoning as the “illusion” of wealth created by steep rises in television rights fees meets economic reality, according to an analysis of football’s thirst...

US bans Samsung Galaxy Note 7 phones on flights

Passengers and flight crews will be banned from bringing Samsung Galaxy Note 7 smartphones on airline flights under an emergency order issued Friday by the Department of Transportation in response to...

Jeff Bezos (Briefly) Becomes the World’s Richest Man, Surpassing Bill Gates

The story below was true from the moment the stock markets opened on Thursday, and through the day as Amazon stock climbed to an intraday high of $1,083.31. But, by...

Donald Trump Is Ruining Workplace Morale

Donald Trump’s abrasive style isn’t just making it hard to run the White House — it’s handicapping corporate America, as well. HR and leadership experts say a “Trump effect” has made a...

Macron Victory Leads Euro to 6-Month High; U.S. Stocks Lagging

U.S. stock futures pointed to a lower open on Monday after the French presidential election concluded with centrist Emmanuel Macron defeating far-right candidate Marine Le Pen, as was widely expected. Futures for...

Trump Is Considering Breaking Up Big Banks

President Donald Trump is considering breaking up the nation's biggest banks, a vow he had made during the presidential campaign then seemed to put on the back burner. In an interview Monday...

21st Century Fox held talks with Disney over possible sale, reports say

Deal to sell most of Rupert Murdoch-controlled company would establish new Hollywood powerhouse but would not include Fox News, CNBC report says The Rupert Murdoch-controlled 21st Century Fox has held talks to...

Pro-Brexit British billionaire buys Swiss football club Lausanne

Jim Ratcliffe, founder of chemicals and fracking giant Ineos, recently tried to get government subsidies to build successor to Land Rover Defender Ineos, the petrochemicals company founded by billionaire Brexit backer Jim...

Corbyn becoming PM is ‘worse threat to business than Brexit’, says bank

Report by Morgan Stanley says general election likely in 2018, and Labour winning could damage valuations of UK companies The prospect of Jeremy Corbyn becoming prime minister is a more serious threat...

Business leaders want next government to build two more runways

‘Years of dawdling’ on airport capacity have left us lagging behind rest of Europe, say Institute of Directors Business leaders have called for the next government to build two more runways, demanding...

China capital flight flashes warning as authorities forced to prick property bubble

Capital outflows from China are accelerating. The hemorrhage has reached the fastest pace since the currency panic at the start of the year. The latest cycle of credit-driven expansion has already peaked...

South Africa’s First Black Female Winemaker Launches Her Own Brand

On a warm and sunny afternoon in South Africa's wine country, Ntsiki Biyela smiled as she remembered arriving here in the famed Stellenbosch region just east of Cape Town and seeing...

UK economy boosted by wage growth and rising output, two surveys say

Adzuna study reports modest rise in average salary for job vacancies while CBI survey shows growth in economic output The British economy has received a double boost from reports showing signs of...

G20: Chancellor eyes clarity on Brexit deal ‘later this year’ as vote raises global...

The Government will aim to outline a Brexit blueprint "later this year", according to the Chancellor, in a move that he said would send a "reassuring signal" to businesses and markets. Global...

First interest rate rise in 10 years adds to UK mortgage burden

Bank of England’s raised cost of borrowing, from 0.25% to 0.5%, may add £22 a month to average variable interest rate loans Millions of homeowners face higher mortgage payments after the Bank...

Santa rally brings joy to traders as trend for seasonal climb continues

The FTSE 100 managed to edge into positive territory as it finished a shortened day’s trading, giving festive cheer to the market and meaning many traders got their Christmas wish, with...

Cannabis Company Plans to Turn Entire California Desert Town Into Pot Paradise

Now that one of the nation's largest cannabis companies has bought the entire California desert town of Nipton, a question remains: Will the new owners rename the place Potsylvania? The name Weed...

Theresa May hints at Boeing boycott in Bombardier US tariff row

PM strongly suggests government will stop ordering planes from US firm as she hits out at ‘creeping protectionism Theresa May has dropped a strong hint that the government will stop ordering planes...

HR 1180: House Passes Bill That Would Change Overtime Pay Rules

The House of Representatives passed a bill Tuesday that would allow employees to swap overtime pay for "comp time," a rules change congressional Republicans have tried to push through for more...

Tesco apologises after customers complain of ‘rancid, rotten’ turkeys

Retailer promises to investigate as people on social media complain about ruined Christmas dinners after turkeys were ‘off’ Tesco, the UK’s largest retailer, has apologised after being hit with a series of...

NHS trust will greatly miss Bob Kerslake

Your report on Lord Kerslake’s resignation as chair of King’s College Hospital, London (Head of top NHS trust quits over cash squeeze, 11 December) finishes with a statement from NHS Improvement...

How you can take advantage of the FinTech revolution

FinTech – the technology that underpins everything from transferring money to lending and accounting – used to be built around the needs of big businesses. Now, however, it is easier than...

Morgan Stanley said a shift towards its own-brand policies should boost earnings

Direct Lineenjoyed its best day since July after Morgan Stanley said a shift towards its own-brand policies should boost earnings. The US investment bank upgraded the insurer’s rating to “overweight” and hiked...

‘Vijay Mallya can’t avoid the law’: Herts villagers on ‘fugitive’ billionaire neighbour

Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team and self-proclaimed “King of the Good Times”, does not appear to be preparing for his possible extradition to India...

NHS trust triples injury payout to £9.3m under controversial new rules

The first case settled under controversial new compensation rules for serious injuries has seen an NHS trust forced to nearly triple its payout to a 10-year-old girl left with cerebral palsy...

Pound skids to fresh 31-year low and FTSE 100 closes below 7,000 on fears...

Orthopaedics giant Smith & Nephew recorded its worst day in more than two months after Berenberg said it thinks revenue growth will fall short of investor expectations in the next 12...

Citigroup plans new operations away from London after Brexit

Citigroup has set out 25 criteria to weigh up which financial centre in the European Union will house the new operation it expects to set up as a result of Brexit. The...

Kingfisher cheers property market with new HQ search

Kingfisher, the retailer behind B&Q and ScrewFix, is seeking a giant new London headquarters, a deal which would be a fillip for the commercial property market after the Brexit vote. The company...

Public sector pay: why workers are squeezed more than private sector

When Theresa May took the stage at the Conservative party conference last autumn she reprised her pledge for a fairer economy. Specifically, she homed in on pay growth, or the lack...

Why Europe needs QE – now

European Central Bank (ECB) boss Mario Draghi is famous for saying that he’d do “whatever it takes” to save the euro. This declaration, made at the height of the crisis in...

Wall Street sets record highs after passage of Donald Trump’s tax cuts

Investors buy heavily into US shares in wake of Senate’s passage of package of big tax cuts for corporations and high earners Shares on Wall Street have hit record levels as financial...

How will Brexit affect trade?

What’s going on? Following Britain’s vote to leave the European Union (EU), one major area of focus has been the potential effect on trade. On the one hand, Britain will be able...

Business rate rises: government warns of ‘campaign of half-truths’

The government has rejected suggestions it has underestimated business rate rises by 5-7% in a private letter sent to Conservative MPs, as criticism mounted of its calculations. In an email to Tory...

Uber’s UK boss quits as worldwide chief flies in for London licence talks

Jo Bertram announces departure as CEO Dara Khosrowshahi arrives to meet Transport for London over licence loss The Uber executive responsible for the UK has quit, as the company’s worldwide boss prepares...

Viagogo accused of sitting on refunds after overcharging for tickets

Dozens of people who bought tickets for gigs by artists including Ed Sheeran through Viagogo claim the website is withholding thousands of pounds in refunds, after a “glitch” saw them overcharged. Angry...

Uber driver tells MPs: I work 90 hours but still need to claim benefits

Uber drivers have told MPs they felt trapped in a job that forced them to work long hours just to cover costs including the purchase of their cars. The drivers told the...

Carrier Cuts 300 At Factory Where Trump Boasted Of Saving Jobs

The Carrier factory where a president-elect Donald J. Trump boasted of having crafted a deal to save jobs from moving to Mexico has begun laying off workers. 338 employees at the Carrier...

US regulator scraps net neutrality rules that protect open internet

The US’s top media regulator voted to end rules protecting an open internet on Thursday, a move critics warn will hand control of the future of the web to cable and...

Uber exploiting loophole to ‘spread tentacles’ across UK, union says

GMB says changes to law have ‘opened up a hornet’s nest’, allowing Uber drivers to work outside areas where they are licensed Mick...

Brexit fallout – the economic impact in six key charts

Britain’s surprise decision to quit the European Union at the 23 June referendum sent shockwaves across global markets, triggered a political crisis in the UK, and pushed the economy into uncharted...

London still world’s top financial centre despite Brexit, says survey

Frankfurt and Dublin move up index as New York falls amid uncertainty over Donald Trump’s views on free trade London has retained its position as the world’s top financial centre despite fears...

Blow to BMW workers as car maker plans to close final salary pensions to...

German car giant BMW is on a collision course with its UK workers over plans to  stop  5,000 employees from making fresh contributions to its two gold-plated final salary pension schemes,...

FTSE 100 smashes 6,800 as investors cheer post-Brexit stimulus package and bumper US jobs...

FTSE 100 charges to fresh one-year high London's FTSE 100 charged to a fresh 2016 high and its highest level in over a year as investors continued to cheer the Bank of...

HSS Hire seeks £13m from investors to foot restructuring bill

Tool rental group HSS Hire has approached investors for £13m to fund its transformation programme as the company struggles to bring its costs under control. The company has conditionally placed just over...

M&S fashion chief will leave behind £1.7m as she departs Halfords

Jill McDonald, the boss of Halfords, is missing out on £1.7m of bonuses from the bikes and car parts retailer as she jumps ship to Marks & Spencer. However, the executive, who...

Sports Direct workers to receive £1m in backpay

The retailer will make payments to staff, which could be worth up to £1,000 for some workers, backdated to May 2012, according to trade unions. The sportswear tycoon revealed in June that Sports Direct was...

Celebrity rich list 2017: Taylor Swift falls to 49th place as Diddy takes top...

Taylor Swift will have to shake it off. The pop star has fallen from No 1 to 49th place on Forbes’ annual global celebrity rich list for 2017 after her earnings...

Toyota will face ‘big border tax’ if Mexico plant makes US cars, Trump says

Donald Trump threatened Toyota on Thursday with a “big border tax” if it didn’t build cars meant for the US within the states, the latest in a series of attacks on...

Dieselgate: The only car that actually passes new ‘real world’ fuel consumption tests –...

Aston Martin’s gas-guzzling Vantage sports car is the only vehicle to achieve its advertised fuel consumption, according to new research. A study by testing company Emissions Analytics found the 190mph vehicle managed...

Ikea boss in UK demands government clarity over Brexit stance

Gillian Drakeford’s calls for transition period to help businesses follows fraught week in which Britain’s divorce talks with EU remained deadlocked The UK chief of Ikea has thrown her weight behind a...

Festive bounce propels FTSE 100 to new all-time closing high

London’s benchmark index hit a new all-time closing high in the first day of trading since the Christmas break driven by strong gains in the mining sector. Despite thin volumes in quiet...

From the farm to the checkout: this is how inflation will hurt next year

Posh hot chocolate. The sign marking the entrance to Sir Hans Sloane’s factory in Surrey may not immediately explain what’s inside, but the smell that wafts out as the door opens...

Falling DVD sales put boot into profits at Sony Pictures

Choose Facebook, Twitter, Instagram,” says Renton in T2 Trainspotting, in his update of the famous “choose life” speech from the original film. For Sony Pictures, which released the movie and saw...

Tories receive £50,000 from man questioned by Serious Fraud Office

Theresa May’s election campaign has received a £50,000 donation from a Syrian-born businessman who was recently interviewed by the Serious Fraud Office, according to official data. Ayman Asfari, the chief executive of...

Greek bailout funds on the cards as creditors narrow differences

Greece is on track to receive vital bailout funds, after its international creditors narrowed their differences in a long-running dispute about the country’s vast debt mountain. Eurozone finance ministers appeared ready on...

Rose McGowan claims she was offered $1m hush money over Weinstein allegations

The actor, who has accused the film producer of raping her in 1997, alleges that a close associate of Harvey Weinstein made the offer in September this year Rose McGowan has claimed...