Business and Economic News

TSB IT chief 'kept board in dark' before systems meltdown

Sun, 17 Nov 2019 15:55:00 +0000

The IT chief of TSB Bank failed to inform board members about "shortcomings" with the testing of a new technology system days before it crashed - resulting in nearly two million customers losing access to their current accounts.

Tories won't set 'arbitrary' immigration target as Corbyn backs 'great deal of movement'

Sat, 16 Nov 2019 23:41:00 +0000

The Conservatives have pledged to cut immigration "overall", with the "vast majority" of migrants to be required to have a job offer to come to the UK - regardless of where they are from.

Thames Water powers ahead in search for new chief

Sat, 16 Nov 2019 14:49:00 +0000

Britain's biggest water company is lining up a top executive from the energy sector to be its new boss ahead of a general election that could trigger the company's nationalisation.

Lloyds shareholders lose legal challenge over HBOS merger

Fri, 15 Nov 2019 12:23:00 +0000

Almost 6,000 Lloyds shareholders have lost a multi-million-pound legal challenge against the bank's takeover of HBOS.

Labour broadband vow stalls TalkTalk's CityFibre deal

Fri, 15 Nov 2019 07:26:00 +0000

The Labour Party's pledge to nationalise broadband provision across Britain by 2030 has forced TalkTalk to postpone the sale of its full-fibre infrastructure arm until after next month's general election.

Protests blamed as Hong Kong in first recession for a decade

Fri, 15 Nov 2019 09:34:00 +0000

Hong Kong has fallen into recession, with the retail and tourism sectors among those worst hit by anti-government protests.

Australia and others seek compensation for Brexit disruption

Fri, 15 Nov 2019 07:18:00 +0000

Australia is among a number of countries seeking compensation from Britain and the EU over Brexit disruption.

Parties warned minimum wage promises pose 'severe risks'

Fri, 15 Nov 2019 09:07:00 +0000

Political parties have been warned to be careful about setting higher minimum wage levels.

Refunds for victims of bank transfer scams hit a snag

Thu, 14 Nov 2019 17:32:00 +0000

Payment providers have failed to reach a deal on how to refund blameless victims of bank transfer scams, according to an industry body.

Vaping further proof that the US and Europe are worlds apart

Fri, 15 Nov 2019 02:26:00 +0000