Home » Archives by category » Top Stories (Page 202)

Manufacturers call for Brexit strategy rethink

Manufacturers call for Brexit strategy rethink

Image copyright Reuters The government should rethink its Brexit strategy, following last week’s election, according to the engineering industry organisation, the EEF. It said without a more pro-business stance, the resulting political instability may force more firms to alter their plans “away from the UK”. The EEF is the latest business organisation to call for […]

Pound remains under pressure amid political uncertainty

Pound remains under pressure amid political uncertainty

Image copyright Getty Images The pound has resumed its downward slide as investors continue to react to the political uncertainty following last week’s shock UK election result. Sterling had stabilised in early trade, but by early afternoon had dropped 0.6% against the dollar to $1.2672 and fell 0.7% against the euro to 1.1302 euros. On […]

‘We are skint’: Spending falls for first time in four years

‘We are skint’: Spending falls for first time in four years

Image copyright Getty Images We’re buying fewer clothes and pairs of shoes, although we’re eating out more, according to credit card firm Visa. Its latest survey shows household spending dipped for the first time in four years last month with families “starting to feel the squeeze” as higher living costs eat into pay. “Let’s face […]

General Electric chief executive Jeff Immelt to retire

General Electric chief executive Jeff Immelt to retire

Image copyright Getty Images General Electric (GE) has announced that Jeff Immelt will retire from the US industrial giant after 16 years as chairman and chief executive. Mr Immelt will leave on 31 December and will be replaced by John Flannery. In keeping with the company’s tradition, Mr Flannery has been promoted from within GE […]

World’s oldest stamp business Stanley Gibbons up for sale

World’s oldest stamp business Stanley Gibbons up for sale

Image copyright Stanley Gibbons Stanley Gibbons, the 160-year-old rare stamp and collectables business, has put itself up for sale. The company has identified the Middle East and Asia as new markets for potential growth, but said expansion would require further investment. It said that it would therefore examine its options, which could include the sale […]

British Airways cabin crew suspend four-day strike

British Airways cabin crew suspend four-day strike

Image copyright Reuters Image caption British Airways’ mixed fleet cabin crew had planned to go on strike from Friday British Airways cabin crew have suspended a planned four-day strike. Around 2,900 staff had been due to walk out from Friday in a long-running dispute about pay and benefits. BA had said the crew’s pay and […]

Election 2017: Pound down after early election results

Election 2017: Pound down after early election results

Image copyright Reuters Image caption The pound fell sharply against the dollar after the exit polls were released. The pound is down sharply as traders react to the early election results. The currency market had been expecting a clear victory for Theresa May’s party, but the results so far, and the exit poll, have cast […]

ECB forecasts higher growth but keeps rates on hold

ECB forecasts higher growth but keeps rates on hold

Image copyright AFP Image caption Mario Draghi said risks to eurozone growth were “broadly balanced” The European Central Bank (ECB) has increased its forecasts for economic growth in the eurozone but kept interest rates on hold. ECB president Mario Draghi also hinted that there was no need to cut rates further. He told a press […]

Flybe promises overhaul after £20m loss

Flybe promises overhaul after £20m loss

Regional airline Flybe has hit turbulence, running up a near £20m loss after previous expansion plans proved too ambitious. The carrier reported a pre-tax loss of £19.9m in the year to 31 March, despite revenues rising 13.4% to £707.4m. Flybe said it would start to reduce the size of its fleet after it saw slowing […]

BT drops PwC following Italian accounts scandal

BT drops PwC following Italian accounts scandal

Image copyright BT BT has replaced its auditor for the first time in 33 years after an accounting scandal at its Italian business cost it £530m. The former state-owned phone giant has dropped PwC and will replace them with rival accounting firm KPMG. In January, BT admitted its Italian business had overstated profits, leading to […]