Business

Image copyright Getty Images Business spending on sports sponsorship is set to grow by 4% to £35bn globally in 2019, according to a new report. But rights-holders, such as leagues, teams or tournaments, are under-exploiting sponsorship deals, according to research from agency Two Circles. It says that there could be an extra £14bn in revenues being […]

Image copyright Atlantic Leather Image caption Atlantic Leather produces fish leathers from four different species Steinunn Gunnsteinsdóttir admits that it took her family more than a few attempts to be able to make leather from fish skins. “The first 200 times we just made smelly fish soups,” she says. Ms Gunnsteinsdóttir is the sales manager

Media playback is unsupported on your device Media captionIneos chief Jim Ratcliffe was speaking to the BBC’s sports editor Dan Roan Britain’s richest man has called the government’s attitude to fracking for gas “pathetic”, accusing ministers of listening to a vocal minority rather than looking at the science. Sir Jim Ratcliffe, whose firm Ineos is

Image copyright Getty Images The US Federal Reserve has kept interest rates on hold despite pressure from President Donald Trump to announce a cut. The central bank said borrowing costs will remain at between 2.25%-2.5%. The Fed made the decision despite Mr Trump tweeting on Tuesday that it should reduce rates by 1% to help

Image copyright Reuters Gavin Williamson has been sacked as defence secretary following an inquiry into a leak from a top-level National Security Council meeting. Downing Street said the PM had “lost confidence in his ability to serve” and Penny Mordaunt will take on the role. The inquiry followed reports over a plan to allow Huawei

Image copyright Getty Images Image caption Brittany Ferries is one of the suppliers which had a contract to provide extra ferry services The Department for Transport is cancelling contracts to provide extra ferry services after Brexit. Ending the contracts with Brittany Ferries and DFDS could cost the taxpayer tens of millions of pounds. The government

Image copyright Getty Images The failed bid to merge with rival Asda cost Sainsbury’s £46m, the supermarket giant has said. In April, a proposed merger between Sainsbury’s and Asda was blocked by the UK’s competition watchdog over fears it would raise prices for consumers. Sainsbury’s said that like-for-like sales growth slowed in the fourth quarter,

Image copyright Getty Images Sales of Apple’s iPhones fell at their steepest-ever rate during the three months to the end of March but are showing signs of stabilising. The technology giant said revenue from the iPhone dropped by 17% to $31bn. However, Apple chief executive Tim Cook said sales were stronger towards the end of

Image copyright Beyond Meat Beyond Meat has lifted its share price range ahead of its US flotation on Wednesday, valuing the plant-based meat-maker at nearly $1.5bn (£1.1bn). The US firm, which counts actor and environmentalist Leonardo DiCaprio among its investors, will now offer its shares at between $23 and $25. The decision to increase the

Image copyright British Steel Image caption British Steel’s Scunthorpe plant British Steel has secured a £100m loan from the government to pay its EU carbon bill, a source close to the company has said. The money means the private equity-owned firm will avoid a steep EU fine. The firm said earlier this month it needed