Business

Image copyright Getty Images Complaints against payday lenders have soared to a five-year high, the industry watchdog has said. There were nearly 40,000 new complaints brought last year, up a “startling” 130% on the 17,000 the previous year, the Financial Ombudsman Service said. In too many cases people have been left to struggle with debt, […]

Boeing’s bad year continues. As CNN Business pointed out Tuesday, the world’s largest planemaker reported zero new orders for planes in April. Unsurprisingly, Boeing received no new orders for its embattled 737 Max jet, which has been under intense scrutiny following the deadly Lion Air and Ethiopian Airlines crashes. But the company’s other jets, including the

Image copyright Reuters Asda could be listed on the stock market after its merger with supermarket rival Sainsbury’s was blocked by the competition authorities. Judith McKenna, chief executive of Asda’s owner Walmart, has told staff such a listing is being considered. But, she told managers at Asda’s Leeds head office any listing could “take years”.

Image copyright Getty Images Huawei is “willing to sign no-spy agreements with governments” including the UK, its chairman Liang Hua said. It follows concerns from some countries that China could use products made by the telecoms firm for surveillance. The Chinese company has denied that its work poses any risks of espionage or sabotage. Huawei

Boots, Superdrug and Holland & Barrett have broken their own polices by selling diet pills to a 17-year-old without checking for ID, the BBC has found. A 17-year-old actress, sent by BBC Watchdog, was able to buy diet pills in 17 out of 18 stores visited. A single branch of Boots was the only store

Image copyright Getty Images Virgin Mobile says it has restored services to customers across the UK who had been struggling to make calls, send text messages and use mobile data. Virgin Mobile said it would compensate customers for the problem which it said was due to a “technical issue”. Complaints began coming in on Tuesday

Image copyright Dan Kitwood Metro Bank is hoping to announce it has secured hundreds of millions of pounds in additional investment after close of business on Wednesday. The BBC understands a combination of existing and new investors have agreed to back the troubled bank. However, it is not clear at what price the new shares

Image copyright Getty Images Image caption Julian Richer, a drummer in a funk band, had already written into his will his plan to hand shares to staff More than 500 staff at Richer Sounds are in line for a £3.5m windfall after the retail chain’s boss handed them a 60% stake in the business. Julian

Nearly three years after he was arrested in late 2016 for allegedly strangling his girlfriend on a business trip, Monster Energy executive Brent Hamilton has been ousted from the company, according to four people familiar with the situation. His recent departure came after a female co-worker allegedly accused Hamilton of sending her sexually explicit text

Image copyright Getty Images Global stock markets have steadied amid hopes that the US and China will resume talks next month, following an escalation in their trade war. On Monday, China announced tit-for-tat tariffs on $60bn (£46bn) of US exports, causing stock markets to tumble But later US President Donald Trump said he expected to