Image copyright AFP Image caption Yukos was previously Russia’s biggest oil and gas firm A Dutch court has upheld an appeal by shareholders demanding billions of dollars in compensation from the Russian state for breaking up the once-mighty Yukos oil company. The Appeals Court in The Hague said a previous Dutch court ruling in favour […]
Dutch court backs $50bn Yukos claim against Russia Read More »
Image copyright Getty Images Asda has said customers were “cautious” over the Christmas period as it revealed that its sales fell in the final three months of last year. The supermarket chain’s like-for-like sales, which excludes money taken at the tills of new stores, were 1.3% lower than the year before. “Whilst customers were enthusiastic
Asda’s Christmas sales hit by ‘cautious’ spending Read More »
Image copyright PA Media Image caption Wrightbus was bought out of administration in October 2019 by the English industrialist Jo Bamford The parent company of Wrightbus made a £1.35m donation to a religious charity when the County Antrim bus builder was in deep financial trouble, the BBC’s Spotlight can reveal. Wrightbus went into administration in
Wrightbus parent company gave church £1.35m despite crisis Read More »
Image copyright Getty Images The government will not be changing the date of the Budget, Chancellor Rishi Sunak has announced. It will go ahead as previously scheduled on 11 March. There had been speculation that the Budget could be delayed after Mr Sunak replaced Sajid Javid following his resignation last week. Mr Sunak tweeted that
UK Budget date kept at 11 March Read More »
Image copyright Getty Images Average weekly wages in the UK have reached their highest levels since before the financial crisis. Weekly pay reached £512 in the three months to December, which – adjusting for inflation – is the highest since March 2008. Excluding bonuses, earnings grew at an annual rate of 3.2% in the three-month
Wages back above pre-economic crisis levels Read More »
Image copyright Getty Images HSBC has said its profits for 2019 fell by 33%, mainly due to its investment and commercial banking operations in Europe. The bank, which makes the bulk of its revenue in Asia, reported annual profit before tax of $13.35bn (£10.3bn). The results come as an announcement on strategy is being made
HSBC sees annual profit slump by 33% Read More »
Image copyright Getty Images What do you want in a savings account? Security? Ease of access? Interest rate? Or the chance of a cash prize? More financial institutions are flocking to prize draws to encourage savers. On Tuesday, the Nationwide building society launches a scheme offering customers the chance of a £100 reward for stashing
Regular savers tempted with cash prizes Read More »
Image copyright Getty Images Private jet operators have seen a big spike in requests from passengers wanting to charter their own planes during the coronavirus outbreak. With airlines scaling back flights in and out of China, some travellers are stuck inside or outside the country. The wealthy ones are turning to private jet operators to
Coronavirus triggers boom in private jet inquiries Read More »
Image copyright Getty Images Image caption The number of health and safety incidents reported at Amazon warehouses is on the rise Hundreds of workers have been seriously injured or narrowly escaped an accident at Amazon’s UK warehouses over the last three years, new figures claim. GMB union numbers show 240 reports of serious injury or
Hundreds of staff injured at Amazon UK warehouses, GMB claims Read More »
Image copyright KateMarfleet Image caption “The whole company had to come on board,” Kate Marfleet says How would you feel if your expenses were declined because your meal contained meat? That’s the situation at property developers Igloo Regeneration, where all corporate entertaining, workshop catering and even staff expenses must now be vegetarian if staff wish
No putting meat on expenses, says property firm Read More »
