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Persimmon boss refuses to answer questions about £75m bonus

Persimmon boss refuses to answer questions about £75m bonus

Media captionPersimmon boss refuses to answer questions about £75m bonus The boss of house building firm Persimmon has walked off in the middle of a BBC interview after being asked about his £75m bonus. “I’d rather not talk about that,” Jeff Fairburn said, when asked if he had regrets about last year’s payout. The £75m, […]

No-deal Brexit could hit food supplies, says Stena Line

No-deal Brexit could hit food supplies, says Stena Line

Image copyright Stena Line Image caption Global ferry company Stena is warning that UK ports are not ready for Brexit A no-deal Brexit could affect food supplies and see traders bypass Great Britain, the ferry firm Stena Line has warned. There is “very little readiness” at ports and “anxiety is high”, said Ian Hampton senior […]

Government borrowing in September lowest since 2007

Government borrowing in September lowest since 2007

Image copyright Getty Images Image caption Chancellor Philip Hammond will present his Budget later this month Government borrowing fell by more than expected last month, to £4.1bn from £4.9bn a year earlier. It was the lowest borrowing figure for the month of September since 2007, the Office for National Statistics said. Borrowing for the year […]

Firms defy pressure over Saudi summit

Firms defy pressure over Saudi summit

Image copyright Getty Images Image caption Attendees gathered for the first Future Investment Initiative conference in 2017 Major companies still plan to attend a conference in Saudi Arabia next week despite pressure for a boycott. Some 30 delegates have dropped out since Saudi journalist Jamal Khashoggi disappeared. Others are joining them. On Thursday, US Treasury […]

Name checks to begin on bank payments

Name checks to begin on bank payments

Image copyright Angelene Bungay Image caption Angelene Bungay lost £13,000 after transferring it to someone she thought was her builder The name of someone receiving a payment will be as important as their banking details for the first time from next summer, in an attempt to combat fraud. At present, anyone wanting to transfer money […]

ESA underpayment: Who is entitled to backdated benefits?

ESA underpayment: Who is entitled to backdated benefits?

Image copyright Getty Images Image caption The Department for Work and Pensions says it will contact anyone who is due a backdated payment Questions have been raised from benefits claimants after the government revealed that 180,000 people are entitled to back-payments following years of errors. Calculation mistakes were made during the process of moving people […]

Food sales drop as barbecue summer ends

Food sales drop as barbecue summer ends

Image copyright Getty Images Food sales saw their steepest drop in three years in September as consumers tightened their belts after the unusually hot summer, the Office for National Statistics (ONS) has said. Sales of food were down 1.5% in the month, contributing to a 0.8% fall in total UK retail sales. The ONS said […]

Firms defy pressure over Saudi conference

Firms defy pressure over Saudi conference

Image copyright Getty Images Image caption Attendees gathered for the first Future Investment Initiative conference in 2017 Major companies registered for a business conference in Saudi Arabia next week still plan to attend, despite growing pressure for a boycott. Senior executives from firms including Goldman Sachs, Pepsi, Thales and EDF are expected to be there, […]

Cypriot budget airline Cobalt has suspended operations

Cypriot budget airline Cobalt has suspended operations

Image copyright Getty Images The low-cost airline Cobalt has cancelled all flights from midnight Wednesday according to a statement on its website. The carrier, which has operated flights in and out of Cyprus since 2016 – including flying UK holiday-makers to the island – has suspended operations. Local media said Cobalt had failed to reach […]

John Lewis trials £10,000 experience to lure in shoppers

John Lewis trials £10,000 experience to lure in shoppers

Image copyright John Lewis Image caption Is personalised shopping the future of retail? John Lewis is trying to tempt shoppers to its new Cheltenham store by offering them a chance to have the shop to themselves if they spend £10,000. The private shopping experience is one of several experiences the department store chain is offering […]