The board of esure has agreed to a £1.2 billion takeover by private equity outfit Bain Capital, with the insurer’s biggest shareholders coming out in support of the deal.
The communications regulator has fined Royal Mail £50 million for a “serious breach” of competition law.
Poundland is launching its own £1 skincare range as the budget retailer looks to tap into what is tipped to be a £26.7 billion beauty market.
City regulators are launching a new campaign to tackle pension scams as alarming figures show that victims of fraud lost an average of £91,000 each in 2017.
US stocks fell further on Monday as Turkey’s central bank was unable to stop a steep plunge in the nation’s currency.
London’s blue chip index fell into the red as investors worried over whether a financial crisis in Turkey could spread across Europe.
Private tenants are paying an average of £166 a month more in than in 2010, analysis by the Labour Party has claimed.
Tesla CEO Elon Musk has said he is in talks with the Saudi Arabian sovereign wealth fund about taking the electric car and solar panel maker private.
Sports Direct is now in talks with House of Fraser landlords in a move that could hasten potential store closures if agreements on rents and leases fail to be reached.
The Treasury is putting the finishing touches to a job advert for the next Bank of England Governor as it prepares the ground for Mark Carney’s successor.
Shares in esure took off on Monday after the insurer said it is in advanced discussions over a £1.2 billion takeover by private equity firm Bain Capital.
Chemring has confirmed that it could take a £20 million hit after one employee died and another was hurt in an accident at its site near Salisbury on Friday.
Profits at Clarkson dipped in the first half of the year as the shipping services giant pointed to a “challenging trading environment”.
The recent raft of bank branch closures is hastening the loss of local shops on the high street, new research shows.
The chief executive of a small business lender has hit out at plans for a £775 million banking competition fund, saying that worthwhile challengers are being sidelined by an unfair application process.
Seven Marks & Spencer clothing stores will close their doors for the last time on Saturday as the high street chain pushes ahead with a radical transformation plan.
A San Francisco jury has awarded 289 million dollars (£226 million) to a former school groundsman who claimed Monsanto’s popular Roundup weed killer contributed to his terminal cancer.
The pound and the FTSE 100 ended the week well and truly on the back foot as investors fretted over a potential financial crisis in Turkey, the US-China trade war and the likelihood of a “no deal” Brexit.
The clear-out of Co-op Bank’s top ranks continued as finance chief Tom Woods announced plans to step down after less than one year in the role.
Mike Ashley’s Sports Direct will attempt to keep as many House of Fraser stores open as possible following a £90 million rescue of the ailing retailer.
Philip Hammond has hinted at possible tax changes to ensure high street retailers are able to compete with online rivals, hours after House of Fraser was rescued in a last-ditch deal.
The Chancellor has announced a £780 million funding boost to foster innovation technology start-ups and help create the high-paid jobs “we urgently need”.
The rebound in second-quarter UK growth was in line with Bank of England forecasts, but economists have raised questions over whether last week’s rate hike was justified.
Mike Ashley’s Sports Direct has struck a deal to rescue House of Fraser out of administration for £90 million, raising hopes for the future of thousands of staff.
UK economic growth rebounded in the second quarter as retail sales and construction benefited from a warm weather boost.
B&Q is expected to reveal a second-quarter boost from the warm weather next week, helped by shoppers splashing out on barbecues and garden furniture.
Employers “have not even bothered to look” at British workers for vacancies currently filled by EU workers, Conservative MP Iain Duncan Smith has said.
House of Fraser is the latest retailer to collapse into administration, and it comes amid extreme turmoil on the high street.
Nationwide Building Society has reported a 12% drop in first-quarter profits and warned of “intense competition” and a subdued housing market in the months ahead.
House of Fraser has fallen into administration, endangering the future of 17,000 staff.