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Business News

Richest in society 900 times more wealthy than the poorest

A report has been released as experts say those on low pay - one in four - are unlikely to receive a pay rise anytime soon.

Business

TUI plans to operate more flights after Monarch collapse

​Europe's largest tour operator TUI is putting on extra flights to make up for capacity lost after this month's collapse of Monarch.

Business

Uber lodges appeal over loss of London license

Uber has submitted a court appeal to overturn a decision by London's transport regulator that stripped the taxi app of its operating licence.

Business

Britain outlines 2050 emissions plans

The Government has laid out plans over how it will invest over 2.5 billion pounds from 2015-2021 on science, research and innovation to help reduce emissions.

Business

Ofgem to work with government to lower energy prices

​Britain's energy regulator Ofgem said on Wednesday it would work with the government to provide price protection to all standard tariff customers

Business

Ryanair COO to step down

Ryanair chief operations officer Michael Hickey will resign from the end of the month becoming the first executive to leave since a rostering mess-up.

Business

US increases Bombardier tariffs

The U.S. Commerce Department has increased proposed trade duties on Bombardier Inc CSeries jets to nearly 300 percent.

Business

Toyota to build new car in UK with Brexit deal

Japanese carmaker Toyota intends to build its new Auris car at its British car plant on the assumption that the government will secure a transitional Brexit deal.

Business

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