Latest business news
Euan Sutherland, the Co-operative Group’s chief executive, has taken the rather odd decision to berate his board in a Facebook post to all Co-op employees, after his pay details were leaked to the media.
Richard Branson has railed against climate change deniers, saying businesses “should stand up” to them, and that they should “get out of the way”.
Workers at BT who invested in a share scheme when it was introduced five years ago are likely to share a £1.3bn windfall in the summer.
The government’s controversial Help to Buy scheme has been enabling young home buyers to get a foot on the property ladder since it was introduced in last year’s Budget.
Heavy industries including steel and chemical plants in the UK are set to benefit from energy rates relief, as the huge rise in energy costs presents a “clear and present danger” of job losses, energy minister Michael Fallon will say today.
Providing forward guidance is damaging the global financial system, according to economists.
Lloyds Bank’s London PMI statistics reveal that business activity across the capital has increased with a sharp rise in backlogs of work boosting employment.
One in three Scottish businesses could relocate if Scotland becomes independent.
Ed Balls is set to announce today that if Labour wins the next election, its job guarantee scheme for young people would last the whole of the next parliament.
Console-based computer games could be set to make a major come-back as it has emerged that Amazon is investing significantly in developing its own games, ahead of the expected launch of its own games console later this year.
Recent business news
Here’s a little more morning sunshine for you: the UK economy is forecast to hit its pre-recession peak by this summer, according to the British Chambers of Commerce.
“Michael Gove to teach all children himself”. Oops! Spoof article appeared on Department for Education website
An article headlined “Michael Gove decides to teach all children himself” appeared on the Department for Education website for a month, despite staff being notified.
The wife of a broker involved in the floatation of the online fashion retailer Boohoo.com has a £22m stake in the business, it has emerged.
The average small central London flat could cost £36m by 2050, according to an investor.
Google’s mystery barge, which appeared outside San Francisco in October 2013, is on the move after being ordered to leave Treasure Island at San Francisco.
10 million people have watched this incredibly powerful video showing what war in London would be likeVideo
Charity Save the Children has released this shocking video which shows what a year in a child’s life would be like if London became a battleground.
UK house prices rose at the fastest rate in five years in February, going up by 2.4% – far outstripping expectations.
A pint of lager is now 20 times more expensive than it was in the 70s.
From following an escort agency to endorsing a spoof Twitter account of Iain Duncan Smith, David Cameron’s Twitter booboos keep getting more cringeworthy.
A 13-year-old school boy from Lancashire has become the youngest person to carry out nuclear fusion – and you’d hope so too.
The Advertising Standards Authority has forced Paddy Power to withdraw its highly controversial Oscar Pistorius advert “with immediate effect” after it became the most complained-about advert of all time in the UK, receiving 5,200 complaints.
More than 80 RBS staff were paid more than £1m last year. This was despite the taxpayer-backed bank reporting its biggest annual loss since being rescued by the UK government during the financial crisis.
Another week in British business, another rate-rigging scandal. The Bank of England has suspended a member of staff during an internal probe into alleged manipulation of the foreign exchange (forex) market, Reuters reports.
Ben van Beurden, chief executive of Royal Dutch Shell, has said he wants Scotland to “remain part of the UK”.
UKIP leader Nigel Farage was in Nick Clegg’s crosshairs this week as the Liberal Democrat leader suggested that Farage and his MEPs are lazy and ineffective.
Russian soldiers surround a Ukrainian military base
Irish bookmaker Paddy Power, which is taking bets on the outcome of Oscar Pistorius’s murder trial, is set to be investigated by the Advertising Standards Agency (ASA), after almost 50 people complained that their ad was in bad taste.
David Cameron is “pompous”, Nick Clegg is “spineless” and Ed Miliband is “boring”, according to a poll of women.
One in every seven firms operating in the UK was founded by immigrant entrepreneurs, and immigrants to the UK are more likely than people born in the UK to launch businesses, according to a study by the Centre for Entrepreneurs think-tank and financial technology firm DueDil.
Dwindling North Sea oil revenues could mean that a newly independent Scotland will find itself failing to benefit from the upturn in the British economy and forced to borrow more in the short term, according to the Institute for Fiscal Studies (IFS).