London market stuck in the red as HSBC results disappoint
MPs release controversial report into RBS’s restructuring unit
Jeremy Corbyn vows to curb ‘power’ of the City
21st Century Fox extends it guarantee over Sky News
Asda sales growth slows, but turnaround remains on track
HSBC misses expectations despite 141% jump in annual profits
KFC disruption to affect some stores for rest of the week
More than 500 of the chain’s nearly 900 stores are still closed, while many of those that are open are offering limited menus or have cut their hours.
Manufacturing order growth eases back as pound boost fades
MPs to decide whether to release controversial Royal Bank of Scotland report
KFC stores still shut amid delivery problems
More than 500 KFC stores remain closed after a new delivery contract with DHL sparked chicken shortages across the country.
Melrose continues to push for £7.4 billion takeover of GKN despite annual loss
Turnaround specialist Melrose has reported another annual loss but assured that its takeover target GKN would “gain significantly” by accepting its £7.4 billion bid and joining the business.
Dunelm shares hit as margins squeeze overshadows sales cheer
Homewares retailer Dunelm has seen shares come under pressure as surging sales failed to provide a boost to half-year profits.
Gambling industry turning blind eye to dirty money, says deputy Labour leader
The gambling industry is turning a “blind eye to dirty money”, the deputy Labour leader has said, after William Hill was fined £6.2 million for systemic failures.
Ex-gambling addict: I saw no way out other than to take my own life
According to the Gambling Commission, which fined bookmaker William Hill £6.2m for “systemic failures” on Tuesday, one customer was allowed to deposit £654,000 over nine months without any check on their income, which was around £30,000 per year at...
HSBC’s pivot to Asia helps drive 141% jump in annual profits
HSBC has thanked its pivot to Asia for helping more than double annual profits in 2017.
Holiday Inn owner posts profits surge and unveils plans to boost growth
The owner of hotel chains Holiday Inn and Crowne Plaza has outlined plans to make savings of 125 million US dollars (£90 million) to reinvest in new brands and acquisitions as it posted a hike in annual earnings.
William Hill fined £6.2m by Gambling Commission for ‘systemic failures’
William Hill is to pay £6.2 million in penalties for “systemic social responsibility and money laundering failures”, the Gambling Commission has announced.
Sales slump hits convenience store owner
Shares in McColl's tumbled more than 6% after the convenience store operator reported a drop in sales after being knocked by the collapse of wholesaler Palmer & Harvey.
How charity volunteering in Africa reflects on my philosophy at work
In my day job, we talk a lot about providing help for what matters to our customers and being part of the communities in which we serve. It's easy to talk in platitudes.
Tesco veteran takes up plus-size role
The architect of Tesco's UK revival has bagged a top-level role at plus-size clothing retailer N Brown.
Lagan Group weighs up English giant's offer to buy part of firm
Construction company Lagan Group, led by Kevin Lagan, has said it is considering an "unsolicited approach" for part of its business from Leicestershire-based Breedon Aggregates.
Engie takeover of Carillion's NIHE contracts is confirmed
Contracts carried out for the Housing Executive by collapsed construction giant Carillion have been sold to a French firm, it has emerged.
Pension regulator should review any Arcadia sale, Frank Field urges
High street mogul Sir Philip Green has been urged to give the Pensions Regulator oversight of any takeover deal, after reports his empire could be sold to Chinese buyers.
Household giant Reckitt Benckiser drags top-flight lower
London’s top flight was left languishing in the red on Monday, dragged lower by Reckitt Benckiser over fears the household goods giant may miss sales targets.
Meat supplier Russell Hume hits out at FSA over company’s collapse
Meat supplier Russell Hume has blamed the company’s collapse on the Food Standards Agency (FSA), claiming “impossible trading conditions” created by the watchdog triggered the loss of 300 jobs.
More than 600 stores still closed as KFC grapples with chicken shortages
KFC is still grappling with the closure of 600 stores after a new delivery contract with DHL sparked chicken shortages across the country.
London banking jobs at risk as Deutsche Bank axes up to 500 global staff
London banking jobs are at risk as Deutsche Bank embarks on a cost-cutting drive that could result in the loss of up to 500 staff across the business.
More than 300 jobs axed as meat supplier Russell Hume falls into administration
Meat supplier Russell Hume has crashed into administration, sparking the loss of more than 300 jobs after a food hygiene probe caused customers JD Wetherspoon and Jamie’s Italian to end their contracts.
Reckitt Benckiser shares fall to two-year low on forecast jitters
Shares in Reckitt Benckiser tumbled to a two-year low as investors questioned whether the household goods giant is still at risk of falling short on sales targets after a tough year for the firm.
MPs demand pension assurances from Sir Philip Green amid Arcadia sale reports
A powerful committee of MPs is seeking assurances over Arcadia Group’s pension deficit amid reports that Sir Philip Green’s retail empire could be sold to Chinese buyers.
Carillion job losses top 1,000 amid continuing crisis
The number of Carillion workers who have lost their jobs as a result of the collapse of the construction giant has topped 1,000.
KFC forced to close stores after delivery problems cause chicken shortages
KFC has been forced to close a raft of stores after a new delivery contract with DHL resulted in chicken shortages across the country.
McColl’s shares fall as stores continue to suffer from Palmer & Harvey collapse
Shares in McColl’s tumbled more than 6% after the convenience store operator reported a drop in sales after being knocked by the collapse of wholesaler Palmer & Harvey.
Tesco UK boss appointed chairman of Simply Be and Jacamo owner N Brown
The architect of Tesco’s UK revival has bagged a top-level role at plus-size clothing retailer N Brown.
Old Mutual’s Patrick O’Sullivan named as new Saga chairman
Over-50s travel and insurance firm Saga has appointed Old Mutual’s Patrick O’Sullivan as its new chairman as the company looks to recover from the financial impact of Monarch Airlines’ collapse.
Durex-to-Dettol firm Reckitt Benckiser reports flat annual sales
Household goods giant Reckitt Benckiser has reported flat annual sales as a stronger fourth quarter failed to fully counter a year that featured tough market conditions and significant disruptions following a cyber attack last summer.
Tesco boss set to move to N Brown next month
Tesco boss Matt Davies will become chairman at retail firm N Brown after leaving the supermarket giant, it is understood.
Global green energy drive ‘too advanced’ to be halted by Trump, says Glennmont Partners
The founders of a major clean energy fund have shrugged off Donald Trump’s shift away from renewable power, claiming the global industry is too advanced to be halted by the US president.
UK firms cautiously hike dividends as companies recover from sterling collapse
UK companies cautiously raised shareholder payouts last year as firms started to recover from the effects of the Brexit-hit pound.
Mike Ashley’s Sports Direct damned by Church of England over failings
Mike Ashley’s Sports Direct has been chastised by the Church of England over the treatment of factory workers and governance failings at the retailer, it can be revealed.
London top-flight secures first positive week in a month as confidence returns
London’s premier index secured its first positive week since January as confidence crept back into global markets following a series of punishing sell-offs.
Royal Mint appoints first female boss in over 1,000 years
The Royal Mint has appointed its first female chief executive in its 1,100 year history.
City watchdog hands over RBS report to MPs but stops short of publishing
The City watchdog has handed over its report into Royal Bank of Scotland’s mistreatment of small businesses to MPs, but has decided not to make it public.
Banking titans to report annual results in busy week for sector
Britain’s biggest banks will reveal annual figures this week after another eventful year for the sector, clouded once more by mis-selling scandals and controversy over past misdeeds.
Retailers start the year with a whimper as sales barely grow
British retailers barely scraped a rise in sales at the start of the year as inflation-induced price hikes caused growth to unexpectedly ease.
EDF’s UK earnings take hit from Brexit hit pound and falling energy use
EDF has reported a 33% drop in UK earnings despite hiking gas and electricity prices, having taken a hit from the Brexit-hit pound and a drop in customer energy use.
Ofgem launches probe into gas and energy supplier Iresa over customer treatment
The energy watchdog has launched an investigation into UK gas and electricity supplier Iresa over its treatment of customers.
Balfour Beatty joint venture clinches £1.4 billion contract at Los Angeles International Airport
A Balfour Beatty joint venture has clinched a 1.95 billion US dollar (£1.4 billion) contract to build an above-ground transport system at Los Angeles International Airport (LAX).
London market shrugs off Standard Life Aberdeen woes
London’s top-flight index continued to climb on Thursday, brushing aside a significant slump from Standard Life Aberdeen after Lloyds Banking Group called time on a £100 billion contract.