Firm behind 1,000mph Bloodhound car goes into administration
The company behind the Bloodhound supersonic car – which aims to hit speeds of 1,000mph – has entered administration.
Business
Bank of England floats new rules to force finance chiefs to assess climate risks
The Bank of England could force board-level bank bosses to manage climate change risks as part of new rules being floated by its regulatory arm.
JustGiving scraps controversial donations charge
JustGiving is scrapping a controversial 5% fee for donations – making it easier for people and communities to reach targets for the sums they need to raise.
CYBG completes £1.7bn takeover of Virgin Money
CYBG has formally completed its £1.7 billion takeover of Virgin Money, marking one of the first major banking deals since the financial crisis.
ConvaTec shares plunge on sales warning and chief executive retirement
ConvaTec shares plunged as the company released a double whammy of updates on Monday, warning of a hit to sales and announcing the retirement of its chief executive.
Purplebricks to take stake in German rival as UK market remains ‘challenging’
Online estate agent Purplebricks is taking a stake in a German rival as it aims for further growth amid challenging UK market conditions.
Food-to-go firm Greencore to sell US business for £817m
Irish food-to-go supplier Greencore has clinched a deal to sell its entire US business for £817 million.
Superdry warns of hit to profits from the long hot summer
Clothing brand Superdry has warned its full year performance will be impacted by a spate of warm weather and additional foreign exchange costs.
Wetherspoon founder challenges Theresa May to dump tariffs after Brexit
Pub operator JD Wetherspoon has launched a poster campaign calling on the Prime Minister to get rid of tariffs after the UK leaves the EU.
Sears files for Chapter 11 bankruptcy amid plunging sales and massive debts
US retail giant Sears has filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses.
RBS chief cannot guarantee halt to scandals under his watch
Royal Bank of Scotland’s chief executive has warned he cannot guarantee that financial scandals at the taxpayer-owned lender will not happen again under his watch.
High street footfall drops again in September amid consumer slowdown
Footfall on the high street declined again in September as shoppers continued to face pressure on their wallets.
Patisserie Valerie reportedly had £10m in secret overdrafts
Troubled cafe chain Patisserie Valerie reportedly had secret overdrafts totalling £10 million.
Let’s work a bit less, says tech entrepreneur and insurance chief
UK firms should use automation to allow staff to work four-day weeks and ward off an “epidemic of mental health issues”, according to acclaimed technology entrepreneur Jason Stockwood.
Business as normal for Patisserie Valerie after rescue package, chairman says
Patisserie Valerie’s chairman has said it will be “business as normal” at the cafe chain after swooping in with a rescue package that saved nearly 3,000 jobs and the company from collapse.
Full list of American Golf store closures
A total of 20 American Golf stores are to close as part of a deal which rescued the retailer from collapse on Friday.
American Golf sale to buyout investor saves 900 jobs
Europe’s largest golf retailer has been rescued from collapse in a deal which safeguards 900 jobs.
FTSE 100 recovery gains wiped out as stocks slide into the red
The FTSE 100 failed to hold on to its early gains on Friday, sliding back into the red.
Patisserie Valerie chairman pledges multimillion-pound rescue loan
Patisserie Valerie’s chairman has swooped in with a rescue loan package after a black hole in the company’s accounts led to its finance chief being arrested on suspicion of fraud.
Landlords shutter two Patisserie Valerie sites amid financing crisis
Two Patisserie Valerie branches in London were closed on Friday, while the chain’s parent company teetered on the brink of collapse.
Government pockets £150m as RBS coughs up first dividend a decade after bailout
The Government has pocketed £150 million as Royal Bank of Scotland coughed up the first dividend since its £45 billion bailout a decade ago.
No plans for online sales tax to combat Amazon dominance, says Hammond
An “online sales tax” is not among Government plans to tackle the dominance of tech giants like Amazon and Facebook, Philip Hammond has said.
Suspended finance chief of Patisserie Valerie arrested on suspicion of fraud
The suspended finance chief of Patisserie Valerie has been arrested on suspicion of fraud.
Suspended finance chief of Patisserie Valerie owner arrested overnight
The suspended finance chief of Patisserie Valerie’s parent firm was arrested by police overnight, just days after the discovery of potentially fraudulent accounting irregularities.
Asos expected to shrug off sales woes with hike in annual profits
Online fashion firm Asos is set to unveil another double digit hike in annual profits on Wednesday despite spooking investors with a recent warning over sales.
FTSE 100 in positive territory as global markets start to recover from bloodbath
The FTSE 100 was back in positive territory on Friday as global stock markets tentatively recovered from a widespread sell-off.
Sports Direct buys Glasgow’s Frasers building in £95m deal
Sports Direct has vowed to create the “Harrods of the North” after clinching a £95 million deal to buy Glasgow’s Frasers building in a move that saves 800 jobs.
High Street suffering ‘worst year on record’ – figures
The UK high street is suffering its worst year on record as in-store sales decline for the eighth month in a row, figures show.
Consumers may see ‘immediate, ‘catastrophic’ effect with no-deal Brexit – Which?
Millions of consumers could face “immediate” and “catastrophic” consequences in the event of a no-deal Brexit, the watchdog Which? has said.
US stocks plunge steeply for second day
US stocks have sunk by more than 2%, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions.