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Business News

Michael Kors to buy luxury shoemaker Jimmy Choo

U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo, snapping up a British brand made famous by celebrity fans including Princess Diana.

Business

UK households face sharpest squeeze in three years

British households' financial situation has deteriorated at the fastest rate in three years this month, as families increasingly shy away from big purchases.

Business

Severn Bridge tolls to be scrapped

​Drivers will see an end to tolls on the Severn Crossings in 2018, Secretary of State for Wales Alun Cairns has announced.

Business

Sellafield firefighters strike suspended

The GMB union has suspended the forthcoming strike action by Firefighters at Sellafield after last ditch talks.

Business

Proposed Murdoch Sky deal set for referral

The Government has said it still intends to refer Rupert Murdoch's bid to buy Sky for further scrutiny.

Business

BA staff to extend current strike action

Some British Airways cabin crew are to strike for a further 14 days as part of an ongoing dispute over pay.

Business

Southern Rail suspends latest planned strike action

The RMT Union suspends both drivers and guards strike action on Southern Rail after and approach for direct talks from the Transport Secretary.

Business

Absolute poverty unchanged for 10 years - report

The Institute for Fiscal Studies has published a report which found little progress has been made in reducing absolute poverty in the UK.

Business

New business council to meet over Brexit

Theresa May will chair the first meeting of a new business council on Thursday to discuss Brexit and the economy.

Business

UK to crack down on 'rip off' card fees

​Britain will stop companies ranging from takeaway food apps to airlines from charging extra fees to those who want to use credit cards.

Business

Surprise drop in UK inflation

British inflation unexpectedly slowed last month for the first time since October, dousing expectations the Bank of England might soon raise interest rates.

Business

Key HS2 rail contracts awarded to firms

Britain has awarded contracts to companies to build a new high-speed rail network, naming a string of construction firms including the crisis-hit Carillion.

Business

UK house prices stabilise but buyers still wary

Asking prices for houses and apartments in England and Wales stabilised after a drop in June, but home-buyers remain cautious according to Rightmove.

Business

Young families hit hardest by financial squeeze

The mini living standards boom between 2013 and 2015 came to an abrupt halt in the year running up to the recent General Election, with income growth halving.

Business

EasyJet sets up new airline in Austria

British budget airline easyJet said on Friday it would establish a new airline in Austria to protect its flying rights in the European Union once Britain leaves the bloc.

Business

John Lewis records drop in demand for big ticket items

John Lewis has seen a drop in demand for big ticket items as consumer confidence takes a hit.

Business

Customs system may not be ready for Brexit - report

A National Audit Office report finds that the HMRC's new customs system may not be fully implemented in time for the UK's exit from the European Union.

Business

Spanish train manufacturer creates 300 Welsh jobs

Spanish train manufacturer CAF has announced plans to create 300 jobs at a new factory in Newport.

Business

Thousands missing out on lower water bills

Hundreds of thousands of households could be missing out on lower water bills because they are unaware they can trial a meter for up to two years.

Business

UK unemployment at lowest level since 1975

Unemployment in the UK is down 64,000 for the three months to May and is at the lowest rate for more than four decades.

Business

Billions spent looking for parking spaces

Motorists in the UK, United States and Germany spend billions each year in time and fuel searching for parking spots.

Business