Home / Business (page 5)

Business

Pre-crash debt problems 'rearing their heads', Reeves warns

Debt problems seen in the run up to the financial crisis are “rearing their heads” again, the new head of the business select committee has warned. Labour MP Rachel Reeves, who worked at HBOS during the crisis, said regulators needed to be “forever vigilant”. She echoed the Bank of England ...

Read More »

Cities in England's north pressing for more money

Mayors and council leaders from five cities in northern England will hold a summit with business leaders next month to press ministers for more investment. They are concerned that the government has become less committed to the idea of a Northern Powerhouse after David Cameron and George Osborne departed. The ...

Read More »

Old £1 coin spending deadline looms

Consumers have less than three months to spend, bank or donate round £1 coins as the new 12-sided version outnumbers the old for the first time. The Treasury says there are now more of the new £1 coins, which first entered circulation in March, than the old round pound. From ...

Read More »

New diesel and petrol vehicles to be banned from 2040

New diesel and petrol cars and vans will be banned in the UK from 2040 in a bid to tackle air pollution, the government is set to announce. Ministers are to unveil a £255m fund to help councils introduce steps to deal with pollution from diesel vehicles as part of ...

Read More »

Trump says Apple will build three 'big' new plants in US

Apple’s boss has promised to build three new manufacturing plants in the United States, according to an interview President Donald Trump has given to the Wall Street Journal. President Trump told the Journal he had a phone conversation with Apple’s chief executive Tim Cook. “I spoke to (Cook), he’s promised ...

Read More »

McDonald's sales up on premium hamburgers and cheap soda

McDonald’s, facing pressure from increased competition, says it has found a recipe for success in $1 sodas and a new line of high-end hamburgers. The fast food pioneer had its highest quarterly sales at established stores in five years in the three months to the end of June. The firm ...

Read More »

Trump: UK-US trade deal could be 'big and exciting'

Donald Trump has said he is working on a “major trade deal” with the UK. The US President tweeted that a bilateral trade agreement with the UK after it leaves the EU in 2019 could be “very big and exciting” for jobs. Mr Trump, who backed Brexit, also took a ...

Read More »

Plans to compare bank customer service

Banks should provide evidence of the quality of service – such as the frequency of security incidents – to allow customers to compare accounts. The time taken to open an account or to replace a lost or stolen card should also be published, the Financial Conduct Authority (FCA) said. Such ...

Read More »

Electric Mini to be built in Oxford

A fully electric version of the Mini to be built in Cowley, Oxford, BMW confirms This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. If you want to receive Breaking News alerts via email, or on a ...

Read More »

GM profit down but better than expected

General Motors has reported a drop in profits for the three months to June, due to lower vehicle sales and restructuring charges. The car giant saw net income fall to $2.4bn (£1.8bn), down from $2.8bn a year earlier. However, the results were still better than Wall Street analysts had expected. ...

Read More »