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Showing posts with label UK. Show all posts
Showing posts with label UK. Show all posts

May 19, 2015

JCB boss backs Britain leaving EU

The chairman of construction equipment firm JCB has said he is in favour of Britain leaving the European Union. "We are the fifth or sixth largest economy in the world.

April 18, 2015

Rolls-Royce receives record £6bn engine order

Rolls-Royce has received its largest order to date, worth £6.1bn ($9.2bn), to supply engines for 50 Emirates A380 planes.

January 09, 2015

Car sales in the UK in 2014 return to pre-recession levels

British consumers bought more new cars in 2014 than in any year in the last decade as cheap finance deals and a growing economy fuelled confidence.

December 01, 2014

Barclays rolls out face-to-face video banking

Barclays is to offer a “video banking” service that allows customers to have a “face-to-face” conversation with an adviser via their smartphone, tablet or computer, wherever they are in the world, whatever the time of day.

November 21, 2014

Royal Mail says Amazon delivery service will hit its UK parcels business

Royal Mail shares slumped on Wednesday after the newly privatised postal service warned that its profits would be hit by Amazon launching its own delivery service.

October 12, 2014

Passed their use-by date? The businesses Tesco could sell

Tesco’s fleet of corporate jets is up for sale and Dunnhumby, the data mining empire behind its Clubcard loyalty scheme, could also be up for grabs as the troubled supermarket group’s new boss Dave Lewis looks for ways to shore up the supermarket giant’s finances.

September 05, 2014

Standard Life shares jump 10% on sale of Canadian business

Shares in Standard Life rose 10% on news it is selling its Canadian unit to Manulife Financial for $4bn Canadian dollars ($3.7bn; £2.2bn) in cash.

June 21, 2014

Royal Mail: competing services threaten six day-a-week delivery

Royal Mail has warned communications watchdog Ofcom that its mandate of delivering post six days a week to any address in the UK is under threat from competing services.

May 29, 2014

Nationwide warns of 'natural correction' in house prices

Nationwide building society has warned the London housing market may face a "natural correction". The mutual's chief executive, Graham Beale said there was already a "slowing down in the market place".

April 23, 2014

Pharmaceutical shares soar after Novartis and Glaxo deal

Novartis and GlaxoSmithKline have agreed a multibillion dollar swap of assets under which the two pharmaceutical companies will join forces in the consumer healthcare sector combining brands including Aquafresh, Beechams and Tixylix and exchange their oncology and vaccine businesses.

February 16, 2014

Shell to sell off three North Sea assets

Shell is to sell its interests in three of its assets in the North Sea but says it is still committed to its operations in UK waters.

December 20, 2013

Serco agrees to repay £68.5m after tagging scandal

Private security firm Serco has agreed to repay £68.5m to the government for overcharging to tag criminals, says the Ministry of Justice (MoJ).

November 18, 2013

Dubai Air Show: Boeing leads order books race

Airlines in the Gulf have placed a number of high-value plane orders on the first day of the Dubai Air Show, with US giant Boeing a major winner.

May 02, 2013

Google faces fresh grilling by MPs over tax

Matt Brittin, head of Google's northern European operations, will be called again to face the Public Accounts Committee, along with its auditor Ernst & Young.

March 28, 2013

Prudential fined £30m over AIA bid

Insurance giant Prudential has been fined £30m by regulators over its 2010 bid to buy AIA, an Asian subsidiary of US insurer AIG.

September 12, 2012

Primark sees strong rise in annual sales

Annual sales have risen at clothing chain Primark, helped by "particularly strong" UK trading over the summer, and a "buoyant" performance in Europe.

June 20, 2012

Tesco pays £40m to exit Japan

Supermarket chain Tesco, struggling with falling sales in the UK, has announced it will pay £40m to exit its Japanese business.

June 05, 2012

'Zombie' companies holding back UK economy, says Ernst & Young

Britain's recovery is being held back by a wave of "zombie" companies that should be allowed to fail but are instead undermining capitalism, according to Ernst & Young.

February 07, 2012