Royal Mail’s half year profits have fallen by nearly a third as its UK parcels and letters business slipped to a loss – and it warned of further pressure on earnings due to a wrangle with unions.
Worker output in London and satellite cities far outweighs that in places such as Stoke and Doncaster, says Centre for Cities thinktank
Ladbrokes Coral has been ordered to pay £2.3m by the gambling regulator for failing to intervene after two problem gamblers lost £1.3m of stolen money on its casino website. Days after a government review warned online gambling firms to tighten up controls or face tougher legislation, the Gambling Commission said it found “significant flaws” in […]
New car sales tumbled 12.2 per cent in October, marking the seventh consecutive month of declines and an acceleration on the fall of 9 per cent recorded the previous month. Falling business and consumer confidence was to blame for the drop, according to Mike Hawes, chief executive of trade body the Society of Motor Manufacturers […]
The Bank of England has increased interest rates by 0.25 percentage points to 0.5 per cent – the first rate rise since 2007.
Apple expects record sales of iPhones in the run-up to Christmas, and dismissed any talk of weaker demand for its iPhone 8 models saying they “instantly became out top 2 selling products” on release.
More than half a million jobs in the construction industry could be lost as a result of the rise of robots.
Ryanair has posted an 11 per cent rise in half-year profits despite a rota blunder which saw thousands of flights scrapped.
BP investors sent shares in the oil major to its highest price this year after the supermajor more than doubled its profits in the last three months, driven by a five-year high in earnings for its fuels, petrochemicals and refining businesses.