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Business News

Aldi UK profit falls for third straight year

Aldi has reported a 17 percent fall in 2016 operating profit, a third straight year of decline, reflecting its strategy of maintaining a price gap over larger rivals.

Business

Uber stripped of London license

Transport for London has stripped Uber of its licence to operate from the end of September.

Business

Ryanair offers pilots fresh bonuses

Ryanair has offered senior pilots who agree to work an additional 10 days a bonus of up to 12,000 euros in a bid to avoid additional passenger disruption.

Business

Tata agrees major merger deal

Germany's Thyssenkrupp and India's Tata Steel have agreed to merge their European steel operations to create the continent's second biggest steelmaker.

Business

UK employers admit optimism is falling ahead of Brexit

​British employers are their most pessimistic about the outlook for the economy since last year's Brexit vote and want clarity about the departure from the EU

Business

PM puts pressure on tech firms to delete content

​The leaders of Britain, France and Italy will push social media companies to remove "terrorist content" from the internet within one to two hours.

Business

Ryanair receives 20 million euros worth of compensation claims

​Ryanair shares fell 3 percent following its announcement of plans to cancel between 40 and 50 flights per day until the end of October

Business

More money in Severn Crossing drivers' pockets in 2018

Drivers using the Severn Crossings will have more money in their pockets from January next year thanks to the decision to reduce the bridge tolls for the first time.

Business

Bank of England likely to raise interest rates

​ The Bank of England said it was likely to raise interest rates in coming months if the economy and price pressures kept growing, flagging Britain's first rate hike in a decade

Business

The new £10 note enters circulation

The new polymer £10 note, featuring a picture of Jane Austen and a quote from the Austen novel Pride and Prejudice has been issued by the Bank of England today.

Business

Apple launches $999 iPhone X in bid to regain innovation lead

Apple has rolled out its much-anticipated iPhone X with Chief Executive Tim Cook calling it "the biggest leap forward since the original iPhone."

Business

Brexit talk drift could harm UK car production - Toyota

Early government assurances that free trade with the European Union would survive Britain's departure have been replaced by talk of transition periods.

Business

UK inflation jump puts Bank of England back in spotlight on rates

British inflation hit its joint highest in more than five years in August as households paid more for fuel and clothing.

Business

Samsung says Galaxy Note 8 pre-orders highest among Note series

Samsung say pre-orders for its Galaxy Note 8 premium smartphone have hit the highest-ever for the Note series, beating its predecessor Note 7 by about 2.5 times.

Business

Britain pushes Boeing to drop its Bombardier challenge

Britain is pressing for U.S. plane maker Boeing to drop its trade challenge against Canadian rival Bombardier and seek a negotiated settlement to try to protect jobs.

Business

"Naked" products to hit shelves as UK worries about waste

​A biodegradable yoga mat and an eco-friendly dog bed are just some of the items on show at the immersive "Naked House" exhibition.

Business

Sterling dips as MPs prepare for Brexit update

Sterling lost more than half a percent against the euro as domestic political uncertainty kept the battered pound under pressure.

Business

UK McDonald's workers stage first strike

​Workers at two McDonald’s restaurants staged the first strike to hit the company in Britain in a protest over pay and other issues on Monday.

Business

Unleaded petrol to cost more than diesel - RAC

The RAC is warning to drivers to expect a hike in unleaded petrol prices on the forecourt in the coming days, largely as a result of Storm Harvey.

Business

888 online gaming firm hit with record fine

888, one of Britain’s biggest online gambling firms, is to pay a record penalty package of over £7.8 million.

Business

Brits top visitors to Spain in July as tourism breaks records

July marked another monthly record for tourist arrivals in Spain as the number of visitors rose 10.1 percent year-on-year, with Bris still leading the pack.

Business