Business

Image copyright Getty Images Waitrose has been rated the best UK in-store supermarket in consumer group Which?’s annual satisfaction survey. The John Lewis-owned chain scored five stars in almost every category, but was ranked joint worst for value. It’s the second time it’s been voted the top grocery store, despite budget chains Aldi and Lidl […]

Image copyright Getty Images Wells Fargo, a major US bank, has agreed to pay $3bn (£2.3bn) to resolve a government investigation into its sales practices, including opening fake customer accounts. The bank admitted it had wrongly collected millions of dollars in fees, misused customer information and harmed the credit rating of customers. The settlement comes

Image copyright Reuters The Duke and Duchess of Sussex are to stop using their “SussexRoyal” brand from spring 2020. A spokesperson for the couple said due to government rules around the use of the word “royal” it had been agreed not to name their non-profit organisation, the Sussex Royal Foundation. An application to trademark the

Image copyright WireImage Sources close to retailer Sir Philip Green understand he has no intention of watching the new movie Greed. The lead character is thought to be loosely-based on Sir Philip, who owns the Arcadia group which includes Topshop and Burton. Steve Coogan plays a billionaire boss of a retail empire in crisis. He

Image copyright Getty Images Business activity in the US services sector fell last month for the first time since 2013, hurt by the coronavirus, according to a survey. The drop came amid a “notable worsening” in the services sector, which includes finance and retail, the IHS Markit research firm reported. New orders received by private

Image copyright Getty Images While the troubles facing well-known retail names on the UK’s High Streets have been much publicised, the plight of landlords has received less attention. However, two of the UK’s biggest retail landlords have seen a combined £573m wiped off the value of their shares this year. Hammerson and Intu, which own

Image copyright Reuters The Royal Mail is increasing the cost of postage, with first-class stamps rising 6p to 76p and second-class up 4p to 65p. Prices will climb from 23 March, less than a year after they were hiked to their current levels. The 65p second-class stamp is the maximum under an Ofcom price cap.

Image copyright CHRIS HARRISON “We sat in a hairdressers across the road, which is slightly higher up, and we watched our business go under.” Chris Harrison runs the Dale End Cafe in Coalbrookdale, a village in the Ironbridge Gorge in Shropshire. Last weekend was particularly hard, as he should have been celebrating the second anniversary

Image copyright Getty Images Car sales in China fell 92% in the first half of February as the coronavirus shutdown took its toll, according to an industry trade body. Car dealerships have remained closed while buyers have stayed away to prevent the spread of the deadly virus. Nationwide car sales slumped 96% in the first

America’s top cyber-security official has said that the Trump administration has not given up its fight to stop the UK using Huawei for its 5G networks. Robert Strayer, the US deputy assistant secretary for cyber and communications, told the BBC he did not believe the UK government’s decision to give the Chinese firm limited access