Business

MPs set out Brexit 'suggestions' to Theresa May

Image copyright Reuters More than 60 Conservative MPs have signed a letter to Theresa May making a series of “suggestions” about the government’s Brexit strategy. The letter from the European Research Group says the UK should be free to negotiate and sign trade deals with other countries as soon as it leaves. The MPs also […]

Business

'Secret' report into RBS published

Image copyright Getty Images After months of wrangling MPs have released a report by the financial regulator which said a unit of RBS of mistreated thousands of small firms. The Global Restructuring Group (GRG) was marketed as an expert service that could save a business, but according to the report took “inappropriate” action. The Financial […]

Business

KFC says stores are starting to reopen

Image copyright Reuters KFC says some of the outlets which had to close when delivery problems meant they ran out of chicken have reopened. Latest figures show that 470 of the fast-food chain’s 900 outlets in its UK-based division were shut as of 13:00 on Tuesday. That compares with 575 that were closed at 21:00 […]

Business

Asda sales rise on strong Christmas

Image copyright Getty Images Asda has reported rising sales in the final months of last year and said it had a strong Christmas trading period. It reported a 0.5% increase in like-for-like sales – the most closely watched measure of sales, which strips out the effect of new stores. It is the third quarter of […]

Business

HSBC profits jump to $17.2bn on Asia growth

Image copyright Getty Images HSBC has posted a pre-tax profit of $17.2bn (£12.3bn) in 2017, saying its focus on Asia was driving growth. The results represent a 141% jump on the $7.1bn profit of the previous year. But that comparison is flattering, given 2016 saw the bank incur a string of one-off costs including the […]

Business

Maplin in talks with potential buyers

Image copyright other One of Britain’s biggest electronics retailers is in talks with potential buyers amid reports it is seeking to head off the threat of administration. Maplin, which has more than 200 stores and 2,500 staff, hopes to strike a deal this week, the company said. News of a possible sale, first reported by […]

Business

Key gig economy case reaches Supreme Court

Image copyright PP A plumber’s legal battle for working rights will be closely watched by “gig economy” workers when it reaches the Supreme Court on Tuesday. Gary Smith, who worked for Pimlico Plumbers for six years, began his fight when he wanted to reduce his hours following a heart attack. Lower courts have ruled that […]