Tuesday, April 30, 2019

Free cash machines vanishing at alarming rate, says Which?

More than 1,700 cash machines started charging a fee in the UK between January and March this year.

What went wrong at Philip Green's Topshop empire?

The Arcadia Group has dominated the British High Street, but are its glory days coming to an end?

'New-build homes not fire safe', BBC investigation finds

Some Persimmon and Bellway homes have potentially dangerous fire safety issues, the BBC has discovered.

Will robots take our factory jobs?

As manufacturing becomes more automated with more robots, factories need fewer people.

Apple iPhone sales drop at record pace

Smartphone revenue falls at its steepest-ever rate, but the technology giant is upbeat on the future.

British Steel gets £100m government loan to pay carbon bill

The steelmaker asked for help after the EU froze UK companies out of its carbon credits scheme.

Trump urges Fed to help economy 'go up like a rocket'

The US president wants the central bank to reduce interest rates by 1% to boost the economy.

How freelancers are changing the jobs market

The rise of freelance working is transforming the global job market.

Is plant burger firm Beyond Meat really worth $1.5bn?

The US plant-based meat-maker, which is yet to make a profit, increases its share price ahead of its listing.

Chase criticised for 'mocking' customers' spending habits

US politicians join in the criticism of Chase, highlighting pay disparity and its bailout in 2008.

Ocado warehouse fire in Andover started by battery fault

At the height of the blaze, more than 300 firefighters worked to tackled the flames.

JLR to build new Land Rover Defender in Slovakia

Jaguar Land Rover will build its next-generation Land Rover Defender in Slovakia rather than the UK.

Four Seasons Health Care facing administration

Four Seasons Health Care is expected to appoint administrators after struggling with its debts.

Vodafone found Huawei security flaws in Italy in 2009

Vulnerabilities in Italy could have given the Chinese firm access to people's home networks.

TalkTalk service at bottom of Ofcom poll for third year running

It's the third year in a row that the broadband provider has come bottom of Ofcom's customer survey.

Trump sues Deutsche Bank and Capital One over Democrat subpoenas

The lawsuit aims to stop Deutsche Bank and Capital One from handing over his records to Congress.

KPMG 'severely reprimanded' over audit

The accountancy giant has been "severely reprimanded" for the way it audited an insurance company.

Monday, April 29, 2019

Trade war: What you need to know about US-China talks

Talks appear to be reaching the final stretch though both sides remain divided on several key issues.

A supermarket is being piloted which has no tills, forcing customers to pay by app.

A supermarket is being piloted in London which has no tills, forcing customers to pay by app. Emma Simpson reports.

Operators say government should lose oversight of rail

Long-distance routes should also be serviced by more than one company to spark competition, they said.

Debenhams closures: Four ways to use the empty stores

Across the UK, empty department stores are being turned into everything from housing to arts spaces.

Boeing safety system not at fault, says chief executive

Dennis Muilenburg says a safety mechanism was only one factor in two fatal Boeing plane crashes.

WeWork office giant plans US share listing

The US firm which offers shared office space around the world is yet to make a profit.

Google owner Alphabet misses sales forecasts

Shares in the internet giant tumble nearly 7% after its sales growth falls short of forecasts.

Woodstock 50 anniversary festival cancelled, investor says

Rapper Jay-Z, singer Miley Cyrus and the Killers band were booked to play at Woodstock 50 in New York.

Huawei: US official warns 'no safe level' of involvement with tech giant

Intelligence sharing will be at risk if countries use the firm to build 5G networks, official says.

US firm apologises for seeking 'preferably Caucasian' candidate

A US firm has apologised for a job ad that stated it would prefer white candidates.

Labour's John McDonnell says UK economy requires 'revolution'

Shadow chancellor says people want change in a Newsnight series marking Mrs Thatcher's election.

Is the UK economy at a new moment of sea-change?

Forty years ago Mrs Thatcher came to power, is the UK economy at another historic moment of change?

Mastercard and Visa agree to cut overseas card fees

The European Commission says the deal will lead to "lower prices for European retailers to do business".

Quietly-spoken investor seeks change at Barclays

British-born but US-based investor Edward Bramson is seeking election to the bank's board on Thursday.

Almost a third of graduates 'overeducated' for their job

The Office for National Statistics says 31% of graduates are overeducated for their job.

Sunday, April 28, 2019

Fewer Brits choosing EU countries for holidays, travel firm says

Many people have "pressed pause" on their summer plans because of Brexit uncertainty, Thomas Cook says.

'Bullying gets you nowhere, it closes people off'

Jenny Sealey MBE, CEO of Graeae Theatre Company, says too much bullying exists in business.

Philip Hammond to decide on future of 1p and 2p coins

The results of a consultation into the mix of coins in circulation will be revealed this week.

Fracking commissioner resigns after six months

Natascha Engel says the government's approach to fracking has created a de facto ban on it.

The plane-maker taking on Boeing and Airbus

Chinese-made planes have attracted criticism, but the crisis facing Boeing could spur interest.

Beijing defends Huawei amid row over role in UK's 5G network

The UK should make "independent" decisions about whether to work with the tech firm, China's ambassador says.

Jane Manchun Wong: The woman scooping Silicon Valley

Jane Wong is a technology blogger and app researcher who unlocks new features before they launch.

Cardiff Airport: Call to make jobs and freight main aims

With Flybe closing its base, Cardiff Airport bosses are urged to build up its business zone.

Friday, April 26, 2019

Does the Bank of England have a woman problem?

Why has the UK's central bank never had a female governor and could this be about to change?

Failed airline FlyBMI 'owed £37m' when it collapsed, say administrators

The airline collapsed in February, owing millions to suppliers and passengers.

737-Max hits American Airlines forecast

The US airline cut its profit forecast by $350m following 737-Max jet groundings.

The chief financial officer of Debenhams says its 22 store closures is a retail reality.

The chief financial officer of Debenhams, Rachel Osborne, says its 22 store closures is a reality of the UK retail environment.

US economic growth stronger than expected

The world's largest economy grew at an annual pace of 3.2% in the first three months of the year.

Ford in criminal probe over emissions

US authorities open a criminal investigation after Ford flagged up issues with its emission testing.

Uber aims for $90bn stock market debut

The taxi-app giant gives details of plans to join the stock market with shares estimated at $44-50 each.

Lloyds' blunder leads to customer payments

Nearly 200,000 current and former customers are receiving a share of repayments, thought to total about £6m.

ASOS bulldog clipped dress causes a fuss online

Fashion retailer ASOS was caught out by a sharp-eyed shopper who noticed the bulldog clips left on the dress.

Debenhams names 22 stores to close

The retailer says the stores will close next year and 1,200 staff will be affected.

P&O sues UK government over no-deal Brexit ferry case

The ferry firm is claiming a rival was unlawfully handed £33m of taxpayers' money.

SAS pilot walkout leaves thousands stranded

The airline cancels 673 flights affecting more than 72,000 passengers.

RBS warns of Brexit uncertainty impact as profits fall

The bank says uncertainty over Britain's exit from the EU could "make income growth more challenging".

Xi Jinping vows transparency over Belt and Road

China's massive infrastructure programme has been criticised for saddling recipient countries with debt.

Steel plant explosion: Two hurt at Tata in Port Talbot

The blast came from a train used to carry molten metal at the Port Talbot site.

Two degrees now needed to get higher pay

The salary advantage for young people getting a degree is twice as big for postgraduates.

Thursday, April 25, 2019

How a missed council tax bill of £167 can cost £2,065

Citizens Advice calls for a change in the rules that mean a full year's bill is levied after a missed payment.

Amazon posts fourth quarter of record profit

The online retailer and cloud computing provider said net profit more than doubled to $3.56bn.

How the painkiller became a million dollar idea

The BBC's Aaron Heslehurst explains how the painkiller became a million dollar idea.

Tracking the toxic air that's killing millions

Artificial intelligence is giving us more accurate air pollution forecasts, potentially saving lives.

Jockey Club braces itself for 'financial challenges'

The Jockey Club is braced for gambling regulations despite a tenth year of record profits.

Crossrail to be finished without Bond Street 'by March 2021'

The new £17.6bn railway across London had been due to open in December.

Sri Lanka travel: what should you do?

The UK is advising against all but essential travel to Sri Lanka.

Microsoft hits $1 trillion market valuation

It is one of only three public companies to have achieved the milestone, along with Apple and Amazon.

Patrick Shanahan, acting US defence secretary, 'did not favour' Boeing

Acting defence secretary Patrick Shanahan is cleared of trying to promote his former employer.

Airlander 10: £1m grant for craft to go 'all-electric'

The firm behind Airlander 10 says "zero-carbon" aviation is now one "step closer".

Norwegian says Boeing Max grounding could cost it £45m

The budget airline says the grounding of its Boeing 737 Max planes will hit profits this year.

Betting giants pledge sports ad bans

William Hill and the owner of Ladbrokes and Coral say the changes will help fight problem gambling.

Hull telecoms company KCOM set for £500m takeover

Shares in the Hull company, which have struggled in recent years, jumped on news of the proposed deal.

Deutsche Bank and Commerzbank abandon merger talks

Deutsche Bank says the benefits of a merger with Commerzbank would not have offset the costs.

Sainsbury's-Asda merger 'would have harmed competition'.

The competition watchdog blocks the Sainsbury's-Asda merger, warning it would leave consumers worse off.

Sainsbury's-Asda merger blocked by regulator

A merger between the supermarkets would lead to higher prices, the UK competition watchdog says.

RBS chief executive Ross McEwan resigns

Mr McEwan said he has "delivered the strategy" promised when he took over five and a half years ago.

Extinction Rebellion: Climate activists block London Stock Exchange

Protesters have glued themselves to each other and to the building in the City of London.

Belt and Road: China showcases initiative to world leaders

The leaders' summit comes as China faces growing criticism over its massive infrastructure programme.

Wednesday, April 24, 2019

Ghosn: Tokyo court grants $4.5m bail to former Nissan boss

Carlos Ghosn, who faces financial misconduct charges in Japan, is set be released from custody on bail.

Premier League wage bill surges to £2.9bn

Having five teams doing well in the Champions League helped push clubs' total revenue up to £4.8bn.

What the Airbnb surge means for UK cities

Data analysed by the BBC reveals rocketing number of listings amid debate over the effect on communities.

Aldi accused of copying pram shade

Entrepreneur Cara Sayer says the supermarket chain has copied her product, a claim it denies.

Tesla reports $702m quarterly loss

The US electric car and battery maker said it would return to profit in the third quarter.

Facebook sets aside $3bn for privacy probe

The social media giant said sales for the first three months of the year leapt 26% to $15.08bn

McDonald's plastic straw petition: Call to ditch paper straws

Petition started for McDonald's to stop their paper straw roll-out "as they dissolve in drinks".

Easyjet bans nuts on all flights to protect passengers

Airline to stop passengers eating nuts on flights if other passengers suffer an allergy.

Boeing uncertain how 737 crashes will hit profits

Boeing still does not know how the crisis over the safety of its 737 Max jets will hit its financial performance.

Ban standing on long distance trains, says Virgin

The train operator calls for reservation-only seating, in proposals to the government's rail review.

Government borrowing lowest for 17 years

Full-year borrowing was still higher than the government's independent forecaster expected.

Huawei row: UK to let Chinese firm help build 5G network

Chinese telecoms giant to provide "non core" equipment for new data network, despite security warnings.

Wanted: New Bank of England boss

The government launches the search for a new governor of the Bank of England to take over from Mark Carney.

Tuesday, April 23, 2019

Jacinda Ardern leads effort to curb online extremism

New Zealand and France will host a summit aimed at curbing the use of social media to promote terrorism.

Labour pledges to end 'slum' office housing

It says current planning rules allow developers in England to convert offices into "rabbit hutch" homes.

Jailed French executive who felt force of US bribery law

The jail ordeal of ex-Alstom executive Frédéric Pierucci is a warning for firms with a history of corruption.

How 'digital twins' make a factory more efficient

The "digital twin" system allows the robots of the Siemens factory in Bad Neustadt to work more efficiently.

Trump backs Harley Davidson on EU trade tariffs

The US president vows to reciprocate against "unfair" EU duties on motorbikes.

Reduced opening hours announced at 93 TSB branches

The bank has announced 71 Scottish branches and 22 in England will be affected by the changes from July.

Google 'retaliating against harassment protest organisers'

Organisers of walkouts in protest at Google's treatment of women say they are facing backlash at work.

Cathay Pacific to crack down on 'pilferage'

Mini tubs of Haagen-Dazs, champagne and cutlery are going missing from the airline's planes.

Twitter sees more users and rising revenues

The social media platform reports better-than-expected results as it plans to minimise "outrage".

Prosecutors threaten trial walk-outs in CPS pay row

Lawyers complain about low fees for prosecution work, with 95% saying they would support a walk-out.

Tesla's Elon Musk expects 'robotaxis' to start in US next year

The electric carmaker entrepreneur makes a new promise on driverless vehicles.

US vegan food-maker Beyond Meat eyes $1bn valuation

Beyond Meat says it wants to tap into the growing popularity of veganism.

Crossrail boss 'urged to quit' over handling of delays

A damning report says the project to build a new railway under London had an "overly optimistic" culture.

Monday, April 22, 2019

Which? survey reveals customers' least favourite mobile network

Annual study of more than 6,000 mobile customers names most and least popular UK network providers.

'I feel refreshed': Brits embrace multiple careers

More than 320,500 self-employed people in Britain are working two or more jobs, new analysis suggests.

More than half of British firms 'report cyber-attacks in 2019'

Almost three quarters of companies are under-prepared for breaches, new research suggests.

Herman Cain withdraws bid for Federal Reserve seat

President Trump tweeted that he would respect Mr Cain's wishes and not pursue the nomination.

Britain breaks coal-free power record over Easter weekend

UK sees longest continuous period without generating electricity from coal as temperatures soar.

US to end sanctions exemptions for major Iranian oil importers

The move, which could affect five countries, is intended "to bring Iran's oil exports to zero".

'Dark kitchens': Are they the future of takeaways?

We take a look inside a hidden-away kitchen that makes takeaways customers can only access via an app.

Samsung Galaxy Fold launch events delayed in China

Two events are postponed following reports of broken screens from smartphone reviewers.

Asos billionaire loses three children in Sri Lanka attacks

Danish billionaire Anders Holch Povlsen and his family were visiting Sri Lanka, where three of his four children died.

Sunday, April 21, 2019

Carlos Ghosn: Former Nissan boss hit with fresh charge

Carlos Ghosn, who denies any wrongdoing, now faces four charges in Japan over misconduct allegations.

Tesla says investigating car explosion in Shanghai

A video circulating on Chinese social media appears to show a parked Tesla car erupting into flames.

Unbanked 'pay £500 extra a year' for bills and services

People without a bank account pay more for energy, loans and mobile phone deals, research suggests.

Seventy-six pubs 'shutting per month', but closure rate slowing

But the rate of closure is slowing because of cuts to business rates, new research suggests.

Thomas Cook reportedly receives bids for firm

It put its airline up for sale in February, but suitors have also expressed interest in the whole company.

Millions using 123456 as password, security study finds

A list of all-too-predictable choices for breached accounts includes 123456 and "Liverpool".

Without pot washers, restaurant kitchens would grind to a halt.

You might never see them, but restaurant kitchens would grind to a halt without pot washers.

Friday, April 19, 2019

HMRC: Beware of tax rebate text message scams

Fraudsters send fake messages during the tax rebate period, the government warns.

Stagecoach calls for inquiry after rail bid document leak

The firm wants an investigation into how rail franchise bid documents were sent to a rival.

Thursday, April 18, 2019

National Enquirer sold to US magazine distributor

The tabloid has been embroiled in recent high-profile scandals involving Donald Trump and Jeff Bezos.

Pet insurance payouts hit record of £785m

The rising cost and sophistication of veterinary treatments is pushing up the size of claims.

Electric truck maker Rivian says the company is more than just hype

Electric truck maker Rivian attracts attention on social media, from investors and even celebrities. But at the New York Auto Show the boss says the firm's about more than hype.

Debenhams boss Sergio Bucher steps down

He says it is "time to move on" following the takeover of the struggling retailer by its lenders.

Pinterest shares soar in stock market debut

Shares surge in the online scrapbook company as it floats on the New York Stock Exchange.

ConocoPhillips sells off UK North Sea assets for £2bn

The oil and gas giant sells its North Sea assets to private equity-based Chrysaor for £2bn.

Retail sales boosted by mild weather in March

Sales grew well ahead of expectations last month, hitting the fastest annual pace since October 2016.

Facebook scraped email contacts of 1.5 million users

The social network was grabbing email contacts of some new users for almost three years, it says.

Amazon plans to shut online store in China

The partial retreat from China comes as the US tech giant battles tough competition from local rivals.

HS2 buys residential properties and land worth £600m

Figures show HS2 has bought over 900 properties that could be affected by the high-speed rail route.

Jet Airways: Taking the last flight of India's stricken airline

The prominent Indian airline has run out of cash and suspended all its flights.

Wednesday, April 17, 2019

Crossrail 'could be delayed until 2021'

The start date for London's new Elizabeth Line, could be pushed back again, sources tell the BBC.

Competition watchdog recommends accountancy market overhaul

But the Competition and Markets Authority stops short of saying accountancy firms should be broken up.

Pinterest valued at $10bn ahead of float

The online scrapbook firm will sell its shares at $19 when it lists on the New York Stock Exchange.

'I will fight tooth and nail to make sure I still work'

Two women share their stories of juggling senior jobs and being home carers.

JP Morgan: Is Wall Street's first female boss a step closer?

JP Morgan promotes finance chief Marianne Lake, making her a possible successor to Jamie Dimon.

Ivanka Trump 'declined father's suggestion' of World Bank job

She says her father suggested the role to her, but she told him she was happy in her work.

Nordea boss says climate protests are 'just the beginning'

Bank boss says climate change protestors do not feel they have many other "tools" at their disposal.

Climate change: Central banks warn of financial risks in open letter

The heads of two major central banks warn firms they may "fail to exist" if they ignore threats.

Netflix to trial showing top 10 lists to UK users

Streaming company Netflix is to trial showing UK users its most-watched shows over a weekly period.

Jet Airways to operate last flight today

The Indian airline temporarily suspends all domestic and international flights.

Helium balloons 'cause increasing number of train delays'

Network Rail says helium balloons are causing delays by getting caught in overhead cables.

EU proposes tariffs on £15bn of US products in Boeing row

The EU makes it latest move in a long-running dispute with the US over aircraft subsidies.

UK to introduce porn age-checks in July

Sites that fail to comply will face being blocked by internet service providers.

House price growth at six-year low

House prices rise 0.6% in the year to February, the slowest rate since September 2012, official figures show.

Juventus shares slump after Champions League defeat

Shares tumble after Juventus is knocked out of the Champions League by Dutch club Ajax Amsterdam.

Vodafone 'gigafast' ad banned after Virgin Media complaint

The promotion described broadband packages as being "gigafast" that did not offer 1Gbps speeds.

Tuesday, April 16, 2019

China economy: First quarter growth beats expectations at 6.4%

Data indicates Beijing's efforts to arrest a slowdown in the world's second-largest economy may be working.

Mastercard faces £14bn compensation claim

A claim alleging 46 million people were overcharged in shops due to high card fees has been revived.

Warning over holiday deposit rules

A company cannot automatically keep a large deposit if the customer cancels owing to unavoidable circumstances.

The robot that tidies up bedrooms

Robots are good at repetitive tasks but struggle with new objects. Can they be trained to overcome that?

What do drones and GPS owe to a 1744 shipwreck?

When HMS Victory sank, she took with her an early prototype of the gyroscope, crucial to modern technology.

Netflix warns price rises to hit subscriber growth

The streaming service expects new subscriber growth to slow between April and June.

Apple and Qualcomm settle billion-dollar lawsuit

The surprise settlement brings a long-running legal battle between the two tech firms to an end.

Why jobs are dominating the Indian election

By some estimates India needs to create eight to ten million jobs each year to tackle rising unemployment.

EU law fixes minimum rights for 'gig economy' workers

Casual and "on-demand" workers will now have better protections under EU law.

Unemployment across UK shows slight fall

Unemployment fell by 27,000 in the three months to February to 1.34 million.

EU votes on 'high-level' protection for whistleblowers

The proposed law protects whistleblowers from dismissal, demotion and other forms of punishment.

Galliford Try shares drop on profit warning

Construction firm warns of "reduced profits" as it sets about shrinking the scale of its business.

JD Sports rewarded for focus on millennials

The sportswear retailer bucks the retail gloom as revenues and profits rise.

Pelosi warns over post-Brexit trade deal

The US Speaker was speaking ahead of her trip to Ireland later on Tuesday.

VW boss 'not aware' of China's detention camps

VW chief executive Herbert Diess told the BBC he is "not aware" of reports of detention camps in China.

Monday, April 15, 2019

Amazon 'flooded by fake five-star reviews' - Which? report

Top-rated reviews on popular items are dominated by unknown brands, consumer group Which? finds.

How can you stop your kids viewing harmful web content?

Is content filtering tech the answer or is education and discussion the key to keeping kids safe?

Jet Airways fails to secure emergency funding

The troubled Indian airline has only seven operational aircraft left.

EU approves new trade talks with US

Disagreements overshadow the approval by European Union countries of fresh trade talks with the US.

Former VW boss charged over diesel emissions scandal

Martin Winterkorn has been charged with fraud over the diesel emissions scandal.

Jack Ma defends the 'blessing' of a 12-hour working day

Alibaba's billionaire founder sparked intense debate after pressing for a 9am to 9pm working day and a six-day week.

Under-18s face 'like' and 'streaks' bans on social media

The UK's data watchdog proposes restrictions on Facebook, Instagram and Snapchat among others.

Sunday, April 14, 2019

No-fault evictions to be banned in England

A major shake-up of the rental sector in England would effectively create open-ended tenancies.

What does the world's largest single-building airport terminal look like?

Beijing's new Daxing airport will have the world’s largest terminal housed in a single building, officials claim.

TSB pledges to refund fraud victims

The "fraud refund guarantee" covers customers tricked into authorising payments to fraudsters.

'No splurge' shopper attitude continues in March

Despite higher shopper numbers in March, consumers are not spending more, a survey suggests.

Guinness maker Diageo removes plastic from multipacks

Cans of the famous Irish stout will now come in recyclable cardboard packs.

'Customers bring some of the best ideas'

Firms can have fixed ideas about what works but its better to listen to customers, says Sarah Friar.

'We made more than five billion teabags last year'

How Bettys & Taylors went from running teashops to selling tea around the globe.

American Airlines extends Boeing 737 Max flight cancellations

The airline is grounding its fleet until 19 August while Boeing develops a software upgrade.

Debenhams boss Sergio Bucher 'expected to step down'

"Sergio [Bucher] thinks now would be the right moment to move on," a source close to him tells the BBC.

Facebook, Instagram and WhatsApp suffer outages

Users said the sites, and messaging service WhatsApp, were unavailable for more than three hours.

Train delays because of UK cable thefts soar, says Network Rail

There were more than 900 hours of delays across thousands of journeys in England, Wales and Scotland.

Could Harry and Meghan’s child pay US taxes?

The new Royal Family member will take on its mother's US citizenship and need to file US tax returns.

The rise of 'presenteeism' in the workplace

Studies show an increase in people turning up to work despite not feeling well enough to do so.

Sex attacks involving dating apps on the rise - police figures

Police figures suggest sex assaults in which victims meet attackers on online dating sites is rising.

Stratolaunch: 'World's largest plane' lifts off for the first time

The plane, developed by Stratolaunch, is designed as an airborne launch pad for satellites.

Saturday, April 13, 2019

Brexit: British Steel seeks £100m government loan to meet EU rules

The steelmaker is asking for help after the EU froze UK companies out of its carbon credits scheme.

Thames Water outlines 'nationalisation refund' if Labour enacts policy

Investors will be able to demand money back if Labour takes firms into public ownership, documents say.

Friday, April 12, 2019

Is Uber really worth $100bn?

The ride-sharing firm is yet to make a profit, but it may attract a sky-high valuation when it floats.

Why a timely nudge might help us save money

Why an experiment in rural India may help us rekindle a savings habit, despite the squeeze in wages.

Hammond: European elections a pointless exercise for UK

Philip Hammond told the BBC that getting a deal done soon would release the "bandwidth" needed to take key economic decisions facing the country.

Hammond: Brexit deadlock leaves little room for key issues

The UK chancellor says getting a deal done soon will release "bandwidth" needed for key economic decisions.

Nando's and Wetherspoons win Preston local business awards

Local business awards are given to two national chains after the choice is put to a public vote.

Bounty pregnancy club fined £400,000 over data handling

The club shared the personal data of more than 14 million people without proper consent.

LK Bennett bought but 15 stores to close

The bulk of the UK business is saved, but the store closures will lead to the loss of 110 jobs.

Jumia: 'Africa's Amazon' in landmark stock market listing

Jumia is worth $1bn-plus and will be the first African tech start-up listed on the New York stock market.

Thursday, April 11, 2019

Jet Airways cancels international flights as crisis deepens

It comes after the struggling Indian airline grounded 10 more planes over unpaid fees to leasing firms.

Online grocery shopping growth slowing, says Mintel

Last year saw a fall in the number of people who bought groceries online, say analysts Mintel.

Businesses plead for Brexit clarity

For companies that have been preparing for a sudden exit, Thursday's extension was no more than a temporary reprieve.

Ethnic minorities facing insecure work, says TUC

The TUC says one in 13 ethnic minority workers is either on zero-hours or a temporary work contract.

MP lodges bill to 'boost status' of Scottish banknotes in UK

Alistair Carmichael wants to change the law to "oblige" all UK businesses to accept Scottish banknotes.

Would you sort your rubbish into seven different bags?

A city with impressive recycling credentials has a unique waste system involving seven coloured bags.

How Tetris became a million dollar idea

The BBC's Aaron Heslehurst explains how Tetris became a million dollar idea.

How does it feel to be watched at work all the time?

Many more firms are monitoring and analysing employee communications and behaviour. Does it work?

Uber warns it may not make a profit in IPO documents

The US ride-sharing app files its plan to float, showing losses have narrowed but expenses will rise.

New World Bank boss David Malpass will work with China

David Malpass, the World Bank's new president, pledges to evolve its relationship with China.

IMF's Lagarde says Brexit delay will 'hinder' UK growth

Christine Lagarde says prolonged uncertainty will have a "negative impact" on the UK economy.

Pensioners to protest at HSBC's annual meeting

Members of the bank's pension scheme are campaigning against cuts to their retirement payout.

IMF boss: Prolonged Brexit uncertainty would have negative impact on economy

Christine Lagarde tells the BBC that the delay to Brexit means businesses and investors will remain hesitant in the coming months.

Murdoch wins preliminary backing to merge his Times titles

Rupert Murdoch's Times and the Sunday Times should to be allowed to pool resources, the government rules.

Smart speaker recordings reviewed by humans

Staff at Amazon, Apple and Google listen to customer voice recordings, the companies confirm.

New energy companies face tougher tests to reduce failures

Regulator Ofgem is to introduce more stringent tests for new entrants following a string of collapses.

Brexit: CBI boss says agree deal or hold second referendum

John Allan says if MPs cannot agree a deal then there should be a second referendum.

Philip Green brings in new blood as he prepares to swing axe

Sir Philip Green appoints restructuring experts at his retail empire as he prepares a major overhaul.

Interserve outsource firm accounts investigated

The Financial Reporting Council will scrutinise three years of audits of Interserve by Grant Thornton.

Ted Baker 'refresh' after forced hugging row

The fashion chain has concluded its investigation into harassment allegations that forced out boss.

Wednesday, April 10, 2019

Pri-mania as world's largest Primark opens in Birmingham

Could Birmingham's super-sized Primark change the way young people feel about department stores?

Rail firms face £7.5bn pensions gap, says regulator

The issue has already led the Department for Transport to bar Stagecoach from bidding for franchises.

MPs demand regulator to crack down on bailiffs

A committee of MPs says a regulator should be appointed to crack down on bailiffs

JetBlue to launch flights to London

The US airline says its first transatlantic services will link London with Boston and New York from 2021.

The families who took on a housing giant

How a group of homeowners in Scotland won a fight to have their "crumbling" new-build homes repaired.

Why India is one of world's most protectionist countries

As elections begin, India's high trade barriers are in the spotlight.

Avengers: Endgame fans queue for hours for cinema tickets

Over 72,000 people in Singapore queue online for hours ahead of the film's release later this month.

Airbnb reverses ban on West Bank settlement listings

The decision follows legal proceedings against the US company on grounds of discrimination.

Tata steel unions 'unconvinced' by merger

There is concern about the future of the Trostre steel plant near Llanelli, which could be sold.

'No cheese cakes' warning from Brexit stockpiling firm

Lola's Cupcakes has stockpiled 10 tonnes of cream cheese ahead of Brexit to avoid its factory grinding to a halt.

Philip Green buys back shares ahead of expected restructuring

A US investor's share sale has fuelled speculation over the restructuring of Sir Philip's retail empire.

G4S shares soar on possible £3bn Canadian bid

Shares in G4S have jumped after Canada's Garda World said it might make an offer.

Court rules Zambians can seek compensation for pollution

Villagers brought the case for compensation over alleged pollution by the mining giant.

Indivior shares plunge on 'shameful' opioid drug scheme

The drug firm is accused by a US court of putting profits over the health of patients.

Xiaomi's founder Lei Jun receives £735m bonus

Lei Jun, the founder of Chinese tech giant Xiaomi, says he will give the award to charity.

UK train passengers offered smart tickets

Stations around the UK are being upgraded so that users can purchase smart, paperless tickets.

UK economy grows faster than expected ahead of Brexit

The economy grew 0.3% in the three months to February, official figures show, helped by stockpiling.

Stagecoach barred from rail franchise bids

The transport group says it is "extremely concerned" after being disqualified from three rail bids.

Tesco profits jump 'in uncertain market'

The UK's biggest supermarket chain has raised in dividend after a "strong" performance last year.

Asos profits plunge 87% after difficult year

The online fashion giant said its profits were hit by heavy discounting and website problems.

Tuesday, April 9, 2019

What happens to Debenhams now?

The survival of the department store chain has been hanging in the balance for months so what are its options?

Wales promotes council tax discounts for mentally impaired

Families of those suffering mental impairments are being encouraged to access council tax discounts.

How 3D printing aids mass production

A US tech firm is using 3D printing to mass produce metal parts more quickly than ever before.

The fathers of colour who want more diversity in travel marketing

Jonah Batambuze loves travelling with his children, but doesn't feel represented by the travel industry.

Cricket World Cup is about 'participation not profit'

Ex-South Africa World Cup cricket star Steve Elworthy steps up to the crease as boss of the 2019 ICC event.

How to solve the plastic packaging paradox

Good packaging prevents waste, but too often becomes pollution.

Standard Chartered to pay $1bn for breaching Iran sanctions

The London bank is paying penalties in the US and UK relating to sanctions and money-laundering rules.

Lush quits social media in UK

The cosmetics firm is closing several of its Facebook, Instagram and Twitter accounts.

Boeing 737 Max grounding hits American Airlines outlook

The airline cuts its outlook after being forced to cancel hundreds of flights involving the grounded jet.

World economy facing delicate moment, IMF says

The International Monetary Fund downgrades global growth for 2019, seeing "many downside risks".

Debenhams falls into hands of lenders

Shops will continue to trade while lenders comprising High Street banks and US hedge funds take charge.

Debenhams on brink of administration

The store's shares are suspended after it rejects a higher offer from Mike Ashley to put in £200m.

Carlos Ghosn says 'backstabbing' behind his arrest

The Nissan ex-boss was arrested for a fourth time last week while on bail and faces several charges.

Monday, April 8, 2019

US proposes tariffs on $11bn of EU products

If the move goes ahead, duties could rise on EU products ranging from aircraft to cheese and wine.

Carlos Ghosn 'held hostage' by Japan legal system, says lawyer

Carlos Ghosn's family lawyer says the former Nissan boss' right to a fair trial has been violated.

Should cyber-security be more chameleon, less rhino?

Israeli researchers think it's time we changed our approach to securing our computers from hackers.

Lloyd's of London calls time on drink and drugs

Lloyd's of London insurance has a new code of conduct, but not everyone welcomes it.

Waterstones staff hand in petition calling for living wage

Staff are calling for pay increases to combat the "stress" of low pay.

France plans tax cuts to quell yellow vest anger

President Macron's "great debate" shows that tax cuts are necessary, the prime minister says.

Debenhams rejects Mike Ashley's last ditch rescue plan

Debenhams has refused an offer that would have made Sports Direct's owner the chain's new boss.

Centrica boss gets 44% pay rise after 'challenging year'

Iain Conn's £2.4m pay is 72 times that of one of Centrica's smart energy experts, who receive £32,718.

Jury dismissed in Barclays fraud trial

The case against four former Barclays bankers - who denied the charges - dated back to 2008.

Sir Philip Green complaint over Lord Hain dismissed

House of Lords Standards Commissioner rejects complaint Lord Hain failed to declare law firm role.

Jaguar Land Rover to start Brexit shutdown

The car maker will stop production in the West Midlands and Merseyside for one extra week.

Sunday, April 7, 2019

Carlos Ghosn: Nissan ousts former boss from its board

The businessman, who faces charges of financial misconduct, was re-arrested last week.

Cho Yang-ho: Korean Air chairman and 'nut rage' father dies at 70

Chairman Cho Yang-ho's leadership has been plagued by several family scandals over the years.

Mike Ashley launches new broadside against Debenhams

The Sports Direct boss says Debenhams board members should face lie detector tests.

Websites to be fined over 'online harms' under new proposals

The government's plans also include blocking offending sites from appearing in web searches.

Huawei's 'shoddy' work prompts talk of a Westminster ban

GCHQ suggests Huawei's 5G kit could be banned from Westminster and other sensitive areas.

'Fiat to pool with Tesla to avoid EU fines'

Fiat and Tesla draw up a plan to avoid the former violating EU emissions rules, it is reported.

Brexit: 'No extra funding' for no-deal Portsmouth port

Government has "only provided 10% of the money needed" for contingency plans at Portsmouth port.

Ghosn: Bail conditions revealed by lawyer

The ex-Nissan-Renault car chief has been re-arrested while awaiting trial for financial misconduct.

Brexit plea over Scotland's perishable exports

Scotland's transport secretary says priority should be given to produce such as Scottish seafood.

Safe Car Wash app reveals hundreds of potential slavery cases

Nearly 1,000 reports of possible human trafficking were made by hand car wash users via an app.

Saturday, April 6, 2019

Germany's economy: Should we be worried?

Recent figures raise fears that the power house of the European economy could be tipping into recession.

Debenhams: Mike Ashley says make me boss for £150m

The Sports Direct tycoon has been embroiled in a battle for control of the department store chain.

Brunei LGBT: Protesters at Dorchester hotel call for Royal boycott

Protesters outside the Dorchester in London say the UK should cut ties with Brunei over its harsh new punishments for homosexuality.

Friday, April 5, 2019

Bulgaria's Sunny Beach 'cheapest European resort'

Sunny Beach, in Bulgaria, is the cheapest European resort for UK holidaymakers, analysis suggests.

Ethiopian Airlines crash: Boeing reduces 737 production

Deliveries of the 737 Max have halted following crashes in Ethiopia and Indonesia.

Ten million people face higher pension payments

A bigger chunk of wages will now be automatically diverted to a pension, but employers will put in more too.

The truth behind the Kardashians' millions

America's most infamous reality TV family have mixed the professional and the personal to great effect.

Growing complaints about new-build homes

The Homeowners Alliance says more people are approaching them for help over defects with their new-build homes.

'My pension contribution goes straight out of my wages'

UK workers' minimum auto-enrolment pension contributions are rising to 5% of qualifying earnings.

'My house has taken over my life'

When Justin Revell bought his house, he didn't expect a litany of problems. He and his neighbour Lyn Whiteman helped each other deal with builder Taylor Wimpey.

Controversial Trump pick gets World Bank top job

World Bank critic David Malpass is given board approval as its new president.

US jobs rebound but wage growth slows

Companies added 196,000 jobs in March, recovering from a meagre rise in February.

UK productivity continues lost decade

Labour productivity was lower in the last 10 years than at any time in the 20th Century, figures show.

House prices 'subdued' amid Brexit impasse

Property values dropped by 1.6% in March compared with February, but were 3.2% up on a year ago, a lender says.

Brunei hotels withdraw from social media amid anti-LGBT law backlash

The luxury hotels are pulled from online social platforms amid a backlash over anti-LGBT laws.

Gender pay gap: Can it be fixed?

Why is the gender pay gap still with us and can it ever be fixed?

Thursday, April 4, 2019

5G: World's first commercial services promise 'great leap'

South Korea and the US turned on 5G networks that promise ultra-fast speeds and new applications.

US and China edge closer to 'epic' trade deal, says Trump

US and China have been in talks to try to end a trade war since agreeing a truce in December 2018.

Gender pay: 52% of UK firms fail to narrow gap, figures show

Data shows that 52% of firms did not narrow the divide, with 78% having a gap that favoured male workers.

Trump recommends Herman Cain for Federal Reserve seat

The former pizza executive quit the White House race in 2012 amid allegations of sexual misconduct.

How deodorant became a million dollar idea

The BBC's Aaron Heslehurst explains how deodorant became a million dollar idea.

The nations of the Amazon want the name back

Rainforest nations have opposed the creation of a new .amazon internet domain name. Why?

God of War wins best game at Bafta Awards

The winners of the Bafta Games Awards were revealed at a glitzy ceremony in central London.

Amazon boss Jeff Bezos and wife MacKenzie finalise divorce deal

Divorce deal between the world's richest man and his wife leaves her with 4% of the tech giant.

Succeeding as a female CEO in a male-dominated industry

What is it like being a female CEO in a male-dominated industry?

Asos threatens to block serial returners

The online fashion giant will "deactivate" accounts if it thinks clothes are being worn and returned.

Liam Gallagher's Pretty Green fashion brand bought by JD Sports

Pretty Green, started by the Oasis frontman Liam Gallagher, has been bought from administrators.

Tesla shares sink as car deliveries drop

The electric carmaker blames shipment difficulties with Europe and China for a sharper-than-expected fall.

Morrisons to sell paper shopping bags in all stores

The supermarket chain says the move will cut down on plastic waste, but are paper bags greener?

Tottenham make world-record £113m profit despite costs of new stadium

Tottenham made a world-record profit of £113m after tax last season, breaking the record set by Liverpool earlier this year.

Dudson: More than 300 jobs go at Stoke-on-Trent pottery firm

Jobs are lost with immediate effect as 200-year-old Dudson in Stoke-on-Trent collapses.

A pilot explains the Boeing 737 Max's anti-stall system

What might have gone wrong to cause the two recent crashes?

Saga shares hit record low on profit alert

The over-50s insurance and holiday specialist says it is launching a "fundamental" strategy rethink.

'Creativity needed' in Whirlpool fire-risk tumble dryer warnings

Hundreds of thousands of fire-prone appliances that need to be fixed are still in UK homes.

The teenage hackers who've been given a second chance

Meet the former hackers who spend their days stopping the criminals they used to see as their comrades.

Ethiopian Airlines Boeing 737 pilots 'could not stop nosedive'

Pilots "repeatedly" tried recommended procedures to prevent the crash of flight ET302, a preliminary report finds.

Amazon defends cancelling Woody Allen film deal

Studio rejects director's legal action after a four-film deal was axed following his #MeToo comments.

Loan charge: HMRC makes final appeal to contractors

The authority says people can settle and spread the cost of unpaid tax, but campaigners say the charge is unfair.

Wednesday, April 3, 2019

Thousands of firms rush to meet gender pay deadline

Thousands of firms have yet to report their gender pay gap ahead of a Thursday night deadline.

Civil servants offered counselling for no-deal Brexit stress

The Department for Environment, Food and Rural Affairs spent £40k to provide support for staff.

Uruguay: The world’s marijuana pioneer

Uruguay was the first to legalise recreational cannabis in 2013, so how is the industry getting on?

Ghosn: Renault piles pressure on former chief executive

Carmaker accuses ex-boss of "questionable and concealed" conduct, as he prepares to "tell the truth".

Brexit: Carney says risk of no deal is 'alarmingly high'

It is "absolute nonsense" a no-deal Brexit could be easily managed, Bank of England governor says.

Should devices be easier to fix?

In the US, some are calling for "right to repair" laws, to make it easier to fix broken electronics.

Service sector shock sparks downturn fears

A report indicates that the service sector shrank for the first time in nearly three years last month.

Brexit uncertainty weighs on food sector in Wales

A mussel farmer says his business is on hold for six months because of the ongoing uncertainty.

Crossrail delay report: 'Unacceptable' accountability

Department for Transport and Crossrail Ltd cannot explain "how the programme unravelled", say MPs.

Disney accused of valuing 'male workers more'

US entertainment company is being sued over an alleged gender pay gap.

Boots warns of possible store closures

The parent company of the pharmacy chain plans "decisive steps" to reduce costs.

1MDB: Superyacht linked to financial scandal sold for $126m

The superyacht has become a symbol of the excesses of one of the world's biggest financial scandals.

Tuesday, April 2, 2019

Flybe cancels dozens of flights

Five flights from Belfast City Airport and four from Birmingham are among those affected.

Tata-Thyssenkrupp merger: Trostre plant could be sold

The plant - which employs 700 people - could be sold over concerns of a steel monopoly in Europe.

Najib trial: Malaysia ex-PM faces court in global financial scandal

Malaysia's Najib Razak faces his first trial in one of the world's biggest financial scandals.

Payday lender's collapse to hit borrowers

Hundreds of thousands of customers will now receive smaller compensation payouts for mis-sold loans.

Paternity leave: 'All of my dad friends were incredibly jealous'

What's it like to get six months paid paternity leave?

Food price inflation highest in almost six years, says retail group

The rising price of cabbages, potatoes and bread pushed up prices in March, the BRC retail groups says.

Bookmakers pull new games after Gambling Commission warning

Paddy Power and Betfred were accused of trying to circumvent new rules on fixed-odds betting terminals.

Brexit: Government did not speak to French ports in no-deal plan

In a leaked document, the Department for Transport admits it has not engaged with French port operators.

Drake, BTS and Ariana Grande boost global music sales to $19bn

The music industry made $19bn last year, with the UK overtaking Germany as Europe's biggest market.

Tulip tower: Planners approve new London skyscraper

The skyscraper would be the second tallest structure in western Europe and feature rotating pods.

Asda overtakes Sainsbury's to become second largest supermarket

Asda is now the UK's second largest supermarket, overtaking its planned merger partner.

UK gaming market worth record £5.7bn

Fortnite and PlayerUnknown's Battlegrounds contribute to another record-breaking year for UK gaming.

Gender pay gap: What is the pay gap at your company?

Use our look up to find out the pay gap at your company.

Ryanair one of Europe's top polluters, EU data suggests

It is the first time a company not running a coal-fired power plant has come near the top of the ranking.

'Brave' coffee chain's sales fall £250k

Boston Tea Party's owner said global coffee shop brands were "putting profits before the planet".

Bonmarché bought by UK billionaire Philip Day

The buyer warns of a "material reduction" in the 1,900 jobs at the struggling UK fashion chain.

Brexit: UK risks 'trashing relationship' with Europe, says Siemens boss

Jurgen Maier, the UK chief executive of Siemens, says the country is "at a point of crisis".

Monday, April 1, 2019

US to investigate car firms Hyundai and Kia over vehicle fires

Three million vehicles will be investigated after thousands of complaints about fires.

Fraud victims let down by 'inconsistent policing'

One officer said fraud was a lower priority, as it does not "bang, bleed or shout", a report finds.

Starbucks to pay staff tuition fees

The coffee chain offers to pay for UK employees to study for an online degree from a US university.

UK accountancy giants 'should be broken up'

Reform plans by regulators are good but do not go far enough, says an influential committee of MPs.

Revolut whistleblower had concerns over CEO conduct and compliance

The BBC has spoken to a number of former employees about compliance at the currency transfer firm.

Superdry's fight with founder faces showdown

Investors are to vote on Julian Dunkerton's long-running fight to return to the fashion chain he began.

What is Revolut?

Why is fin-tech firm Revolut so controversial? The BBC explains.

What's the new weapon against money laundering gangsters?

Can advanced technologies help track the cash criminals try to hide?

Former Barclays traders jailed over Euribor rate-rigging

Carlo Palombo and Colin Bermingham were found guilty of conspiring to manipulate Euribor interest rates.

Watchdog faces probe over LCF collapse

The FCA will be investigated after customers lost millions in investments with London Capital & Finance.

BBC and Discovery sign £300m natural history streaming deal

The Discovery Channel tie-up is the biggest ever deal to sell BBC programmes overseas.

Now celebrity magazine set to close print edition

The beleaguered title's final print issue will go on sale on 2 April but the website will remain.

Claims firms 'will disappear at worst time'

As a deadline for PPI mis-selling compensation looms, claims firms are facing new regulation.

Fishing 'is a labour-intensive industry'

The boss of South African fishing firm Seaharvest talks about the challenges the industry faces.

Facebook to reveal News Feed algorithm secrets

Facebook is launching a new feature to explain how its algorithms decide what to display in your News Feed.

Competing for drone deliveries

The BBC reports on Tanzania's competition to encourage drone delivery flights.

Factories rush to stockpile for Brexit

The rate of stockpiling hit a record high for the third month in a row, says a closely watched survey.

Can Northampton's 'dying' High Street be saved?

Northampton has lost three major retailers in five years. What can be done to stop the "downward spiral"?

How high could the lowest salaries go?

The UK's lowest-paid workers are getting a pay rise - helping everyone from bar staff to carers.

EasyJet warns of 'weak' summer sales amid Brexit uncertainty

The airline says it is seeing weaker demand for tickets in the second half of the year.

Oasis singer's fashion chain calls in the administrators

Pretty Green, which has 13 stores across the UK, will continue trading until further notice.