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Business News

Unilever rejects $143bn Kraft Heinz offer

Unilever said it saw no merit in a proposed merger with US food group Kraft Heinz Co after rejecting a $143 billion offer.

Business

Data reveals what the average British family spend their money on

British household spending barely rose in the year to the end of March 2016 and was around 5 percent below the level before the financial crisis, an official survey showed on Thursday.

Business

Waitrose and Iceland top poll of best supermarkets

A report looking into the highest rated supermarkets in the UK has been released after a study by Which?

Business

Further strikes confirmed on Southern Rail

The RMT union has confirmed that guards and drivers on Southern Rail will strike again on the 22nd February in the on-going disputes over the safety impact of the extension of Driver Only Operation and the removal of guards from services.

Business

UK wage growth slows in late 2016, employment picks up

British workers saw their pay grow more slowly than expected at the end of last year, official data showed on Wednesday, ahead of a likely squeeze on their living standards from higher inflation in 2017.

Business

Concern over possible sale of Vauxhall

​Britain has contacted the president of General Motors to express concerns after the American firm opened talks to sell its European operation.

Business

Largest aircraft in the world closer to maiden flight

​The world's largest amphibious aircraft, the China-made AG600, has passed engine tests and is expected to make its maiden flight this year.

Business

Fresh calls for a new tax to be introduced on alcohol

Ahead of the Budget next month there are again calls for a new tax to be introduced on alcohol drinks.

Business

Fuel price surge sends inflation to highest since June 2014

British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fuelled fall in the pound.

Business

Rolls Royce posts record losses

​Rolls-Royce has posted a record reported loss of 4.6 billion pounds as the collapse in the pound from capped a difficult few years.

Business

More landlords paying in cash

The proportion of landlords paying cash for a property reached 61% in January 2017.

Business

Welsh budget to be boosted by £600m in next decade

The Welsh Government budget could be boosted by more than £120m a year by 2028, and £600m over the next decade.

Business

UK employers worry many workers will quit

​More than a quarter of employers in Britain say staff members from other European Union countries have considered leaving their firms

Business

Blockbuster year for the Brits

2016 has proven a bumper year for the UK’s Creative Industries, with record-smashing results cementing our reputation as a hub for attracting, producing and retaining creative talent.

Business

British Airways cabin crew to strike for four more days

British Airways cabin crew members working for the carrier's mixed fleet are to hold four more days of strikes, starting on Feb. 17, the trade union Unite said on Friday.

Business

Manufacturing jump shows economy ended 2016 strongly despite Brexit vote

British manufacturing grew more strongly than expected in December, showing the economy remained resilient to the end of the year despite June's Brexit vote shock, although 2017 looks likely to be more difficult.

Business

Greene King reports good post-Christmas sales

Pub operator Greene King has said its comparable sales over the key three Christmas weeks were up 4.5 percent on strong sales growth in London.

Business

Thomas Cook says bookings ahead of last year

Tour-operator Thomas Cook say that bookings for the summer are up on last year, but it remains cautious on the rest of 2017 given political and economic uncertainty.

Business

Strike by Berlin airport staff forces cancellations and delays

German ground staff went on strike at Berlin's two airports on Wednesday, forcing the cancellation of 137 flights and delaying many more.

Business

Homewares retailer Dunelm profit slumps 26 pct

British homewares retailer Dunelm Group Plc said half-year pretax profit fell 26 percent, hurt by a weaker market and a short-term disruption to supply chain at its recently acquired Worldstores business.

Business

Overdraft charges could cost £156 more than payday loans

The cost of an un-arranged overdraft of £100 with some high street banks is as much as 7.5 times higher than the maximum £24 charge on a payday loan, according to research by the consumer group Which?

Business