Business

Image copyright WeWork Image caption Inside a WeWork office WeWork has officially scrapped plans to sell shares on the stock market, saying that it will instead “focus on the core business”. The decision comes after the property company’s offering in August sparked little enthusiasm from investors, who had questioned the firm’s finances, governance and leadership. […]

Media playback is unsupported on your device Media captionChancellor Sajid Javid: “We are the workers’ party” Chancellor Sajid Javid has pledged to raise the National Living Wage to £10.50 within the next five years. He will also lower the age threshold for those who qualify from 25 to 21. Speaking to a packed hall at

Image copyright Getty Images Call handlers at the Prudential received spa breaks as prizes for selling annuities – but they were not treating some customers fairly. Sales-linked incentives were offered to staff and managers prior to 2013, but they may not have told customers they could shop around for a better deal. An annuity is

Image copyright Getty Images Everton football club’s main sponsor, sports betting firm SportPesa, has halted operations in Kenya after a rise in tax on betting stakes. It comes amid worries about the effects of gambling in the African nation. Online sports gambling firms such as SportPesa have grown rapidly in the East African nation in

Image copyright Alamy Payday lender Wonga mis-sold loans to hundreds of thousands of people who will only receive a fraction of the compensation payments they are owed. Administrators for the lender, which collapsed in August 2018, have revealed that 389,621 eligible claims have been made since Wonga’s demise. Ex-customers have until the end of Monday

Image copyright Getty Images Germany’s first mass lawsuit begins as 450,000 owners of diesel Volkswagen cars take on the company. They argue they are owed compensation for being sold cars based on misleading emissions data. The scandal has already cost VW €30bn (£26.6bn). It has faced class action claims in the US and Australia, but

Image copyright Getty Images Thomas Cook customers may have to wait as long as two months to receive a refund for holidays they have booked with the collapsed travel firm. The Civil Aviation Authority (CAA) said direct debit customers would be refunded within 14 days but others would have to wait up to 60 days.

Media playback is unsupported on your device Media captionMohammed bin Salman is asked: “Did you order the murder of Jamal Khashoggi?” Saudi Arabia’s crown prince has warned that oil prices could rise steeply if the world does not act to deter Iran. Mohammed bin Salman said failure to act could embolden Iran and lead to

Sept 28 (Reuters) ― CVS Health Corp said on Saturday it will discontinue sales the popular Zantac heartburn treatment and its own generic ranitidine products from its pharmacies after traces of a known carcinogen were found in some of the products by the U.S. Food and Drug Administration. The FDA said earlier this month that

Image copyright PA Media The Conservative Party is attempting to focus attention on its spending pledges for an “infrastructure revolution”, on the second day of the party conference. Chancellor Sajid Javid has promised £25bn for England’s roads as well as £5bn for ultrafast broadband in some of the UK’s “hardest to reach parts”. It comes