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Business News

New car sales drop for sixth straight month

Sales of new cars in the UK have fallen for the sixth straight month as consumer and business confidence falls.

Business

£2bn to be spent on affordable housing - May

British Prime Minister Theresa May has said the government would spend an additional two billion pounds to create a new generation of affordable housing.

Business

Amazon forced to pay back 250m Euros in taxes

The European Union has ordered the world's largest online retailer Amazon to pay back about 250 million euros in taxes to Luxembourg.

Business

Uber CEO to meet London transport bosses

The new chief executive of Uber Technologies will meet the head of London's transport system next week to try to retain the licence.

Business

London house prices fall for first time in 8 years

House prices in London have fallen for the first time since 2009 and prices across Britain overall rose at their slowest pace in more than four years in September.

Business

Ford engine production to end early

Jaguar Land Rover will stop sourcing petrol engines from Ford's plant in Bridgend, Wales, after ending its current contract earlier than expected in 2020.

Business

Dyson unveils plans for electric car

Tesla has already shaken up the sector around the world and Dyson said it would now spend 2 billion pounds on solid-state battery technology and vehicle design.

Business

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