Business

Next sees first annual profit fall in eight years

Image copyright Newscast Next has posted its first fall in annual profit for eight years and has warned of “another tough year ahead”. Pre-tax profit at the clothing and homeware retailer dropped 5.5% from £836.1m to £790.2m last year. The firm, which had warned profits would fall, said it remained “extremely cautious” about trading. It […]

Business

Energy price cap implications ominous, former regulators say

Image copyright PA Energy experts have warned the government not to intervene in the market by capping prices. According to five former energy regulators, such a move would have an “adverse effect” on the market and could have “ominous implications”. Their intervention comes amid speculation that the government is poised to announce price controls for […]

Business

'I am very confident we can find a good trade deal'

The UK government is expected to trigger Article 50 next week, kick-starting the process for Britain to leave the European Union. Export-oriented businesses will face being outside the EU’s single market. So how are businesses changing their strategies to cope with Brexit? Cecile Reinaud runs Seraphine, a London-based maternity wear company. She is on an […]

Business

‘Vegetable ivory’

Image copyright Ivonne Wierink Image caption The tagua seed reaches 9cm (3.5 inches) in length, and can be carved like ivory Onno Heerma van Voss jokes that he never intended to be a conservationist, but he is helping to save the African elephant. Numbers of elephants in the wild are still falling; it’s estimated 100 […]

Business

Brexit vote: Single market benefit 'largely imaginary'

Image copyright Getty Images The trade benefits of belonging to the European Union have been “largely imaginary”, according to the social policy think-tank Civitas. Its analysis argues that exports from non-EU countries to the single market have grown faster than the UK’s, since its creation in 1993. That lends weight to the argument that no […]

Business

Libor expert witness texted for help

Media captionThe BBC’s Andrew Verity explains the Libor scandal A prosecution witness called by the Serious Fraud Office (SFO) as an expert on trading has admitted texting friends in the middle of his trial evidence to ask basic questions. Saul Haydon Rowe texted a friend for help in explaining email evidence he had been asked […]

Business

The women still working into their 70s

The proportion of women working into their 70s in the UK has doubled in the last four years and is starting to catch up with men. Analysis of official data reveals that 5.6% of women only stopped working after the age of 70 in 2012. This had risen to 11.3% in 2016. Worries over pension […]

Business

Trouble on the ranch

Media caption“The export market is very important to our organisation,” says cattle rancher Coleman Locke “Tremendously important” is how rancher Coleman Locke describes the role of international trade to his cattle business. The 72-year-old has worked on his family’s 10,000-acre ranch on the Gulf Coast of Texas for his whole life and has seen his […]