Business and Economic News

Trade war escalation 'to cost households £656 a year'

Fri, 24 May 2019 06:00:00 +0100

The average US household will be left $831 (£656) worse off as a result of the latest hikes in tariffs on Chinese goods in the nations' trade war, according to economists.

CVC revs up £1.2bn sale of warranty giant D&G

Fri, 24 May 2019 12:06:00 +0100

The former owner of Formula One motor racing is revving up a fresh attempt to offload Domestic & General (D&G), the warranty giant which insures millions of Britons' household appliances.

Rise in dividend cuts could be bad for all of us

Fri, 24 May 2019 01:19:00 +0100

Mothercare sees 'improving UK trends' as losses leap

Fri, 24 May 2019 07:27:00 +0100

Mothercare has reported a 20% leap in losses for its last financial year but says it is now starting to see "improving trends" in its core UK market as it continues attempts to transform the business.

Old Mutual suspends boss over 'breakdown in trust'

Fri, 24 May 2019 06:56:00 +0100

The financial services firm Old Mutual has suspended its chief executive Peter Moyo, citing a "breakdown in trust".

Triton swoops to bid for Thomas Cook’s Nordic arm

Thu, 23 May 2019 09:54:00 +0100

One of Europe's largest buyout firms has approached Thomas Cook Group about a takeover of its Nordic airline and tour operator that could help the British company improve its fragile financial outlook.

Sir Philip Green 'grabbed women's breasts and bottoms', Lords told

Thu, 23 May 2019 13:08:00 +0100

Hundreds of grievance cases were raised against Sir Philip Green for slapping women's bottoms and grabbing their breasts, a Labour peer has claimed.

The Body Shop owner snaps up Avon in £1.6bn deal

Thu, 23 May 2019 06:07:00 +0100

The owner of The Body Shop, Natura, is snapping up direct-selling cosmetics firm Avon in a deal that values the UK company at £1.6bn.

B&M to open dozens of new shops as other chains struggle

Thu, 23 May 2019 07:36:00 +0100

Discount goods retailer B&M says it is planning to open 50 new stores this year as its emphasis on value attracts wary shoppers.

Sir Philip Green's woes as plans for 23 store closures revealed

Wed, 22 May 2019 17:17:00 +0100

Sir Philip Green is on course for a fresh clash with regulators after his Arcadia retail empire launched a rescue plan which would see 23 stores shut and its pension scheme contributions slashed.