Business and Economic News

Exports to EU partially rebound after January slump - as wider economy returns to growth

Tue, 13 Apr 2021 06:59:00 +0100

Exports to the EU partly rebounded in February after a record slump to start the year while the wider economy also returned to growth, official figures show.

£170m bailout of Liberty Steel owner 'would have been completely irresponsible'

Tue, 13 Apr 2021 12:47:00 +0100

Giving a £170m taxpayer bailout to steel tycoon Sanjeev Gupta would have been "completely irresponsible", the business secretary has told MPs.

Trade recovery offers tentative relief but it's still hard to judge Brexit's long-term impact

Tue, 13 Apr 2021 12:05:00 +0100

Today's trade figures offer an important early sense of how Britain is settling into its new post-Brexit reality.

Bank of England's chief economist announces new role

Tue, 13 Apr 2021 14:31:00 +0100

The Bank of England's chief economist will leave his role later this year for a new job at the Royal Society for Arts, Manufactures and Commerce.

Engineering giant Babcock to cut 1,000 jobs in the UK and overseas

Tue, 13 Apr 2021 07:55:00 +0100

Engineering giant Babcock International is to cut 1,000 jobs - most of them in the UK - as part of a shake-up.

Top lawyer will have 'carte blanche' with review into firm Cameron lobbied for, says PM

Tue, 13 Apr 2021 13:54:00 +0100

Boris Johnson has promised a top lawyer will be given "carte blanche to ask anybody whatever he needs" as part of a review into the activities of a collapsed finance firm David Cameron lobbied for.

Which regions saw footfall return closest to pre-pandemic levels as COVID lockdowns eased?

Tue, 13 Apr 2021 14:13:00 +0100

Shoppers have been flocking back to high streets and other retail destinations in some parts of the country more than others as lockdown rules were eased in England and Wales.

Gilbert in bizarre spat with Aberdeen over AssetCo stake

Tue, 13 Apr 2021 13:17:00 +0100

The City veteran Martin Gilbert has become embroiled in a bizarre spat with his former employer that involved his own shares in his corporate vehicle being used to oppose his election to its board.

Wealthiest 1% 'polluter elite' are driving global carbon emissions, says new report

Tue, 13 Apr 2021 12:43:00 +0100

The world's wealthiest 1% produce twice as much carbon emissions as the poorest 50%, according to a new report.

Tracking technology company Buddi banks on £500m float

Tue, 13 Apr 2021 10:49:00 +0100

The serial entrepreneur who set up her tracking technology company after losing sight of her child during a shopping trip has picked bankers to take it on to the London stock market.