Home / Business (page 39)

Business

Young families 'hit by income slowdown'

Young families were particularly hard hit by an “abrupt” slowdown in living standards in the year before the general election, a think tank says. The Resolution Foundation found that average income growth halved to 0.7% during that period compared with the previous year. Those aged 25-34 were worst hit, it ...

Read More »

Jamie Dimon rails against the state of US politics

JP Morgan Chase boss Jamie Dimon condemned the state of US politics on Friday, saying political gridlock is hurting the US economy. He said Americans must “get our act together” or risk limiting themselves to 1.5% to 2% growth. “It would be much stronger growth had we made intelligent decisions ...

Read More »

Barclays in talks to expand Dublin office post-Brexit

Barclays is in talks with Irish regulators about expanding its presence in Dublin in the run up to Brexit. It is the latest financial company to indicate how it is repositioning to cope with the UK’s exit from the EU. Barclays said Ireland provided a “natural base” for the bank ...

Read More »

JP Morgan Chase second quarter profits rise to $7bn

US banking giant JP Morgan Chase has reported a 13% rise in second quarter profits to $7bn (£5.4bn). The bank said loans and deposits continued to grow strongly, helping to offset a fall in revenue from its financial market operations. “We continued to post very solid results against a stable-to-improving ...

Read More »

EasyJet picks Austrian base for post-Brexit plan

UK airline EasyJet is planning to set up a new company in Austria to protect its European business after Britain leaves the EU. The new airline, EasyJet Europe, will be based in Vienna. The airline must have an air operator certificate in an EU member country to allow it to ...

Read More »

FTSE 100 opens lower as AstraZeneca shares fall further

Shares in drugs giant AstraZeneca have fallen for a second day following a report that its chief executive, Pascal Soriot, is to leave the company. On Thursday, a report on the Calcalist financial news website said Mr Soriot would join Israel-based Teva Pharmaceutical Industries. Shares in AstraZeneca fell nearly 3.5% ...

Read More »

Visa considers incentives for UK firms to go cashless

Visa has said it is considering offering incentives to UK businesses to go cashless, after introducing a similar scheme in the US. The payments company is selecting 50 small companies in the US to receive $10,000 if they only use cards. The companies have to bid for the money by ...

Read More »

Amazon warehouse firm GLP bought for $16bn

A firm that rents warehouse space to Amazon, Alibaba and other major online retailers is to be sold for $16bn. The buyout of Singapore-based Global Logistic Properties (GLP) by a China-led consortium will be one of Asia’s biggest ever private equity deals. GLP manages 55 million square metres of logistics ...

Read More »

New chair wants Treasury Committee to widen its scope

Nicky Morgan, the new chair of the influential Treasury Committee, wants it to extend its scope beyond banks and Brexit. Ms Morgan, a former education secretary, told the BBC she wants to look “at the wider Treasury remit”. She said: “We want to look at the management of the economy, ...

Read More »

Rail passenger satisfaction 'little changed in a decade'

Train operators handle passenger complaints and delays almost as badly as they did a decade ago, according to research from consumer group Which?. It also found punctuality levels on Britain’s railways were at their worst level in 10 years. The group said passengers were being “failed” and urged the government ...

Read More »