Major manufacturers issue warning over Brexit uncertainty
Major manufacturers employing more than 20,000 people in the UK have spoken out about the potential impact of Brexit on key British industries.
Business
FTSE 100 lifted as oil prices surge after key Opec meeting
London’s blue-chip index was lifted on Friday as oil-related stocks were helped by the outcome of a key meeting of the Organisation of Petroleum Exporting Countries (Opec).
Airbus warns it could leave UK under no-deal Brexit
A warning by Airbus that it could pull out of the UK with the loss of thousands of jobs if Britain crashes out of the EU without a deal is “no idle threat”, the aerospace giant has stressed.
Premier Foods launches charm offensive as top shareholder plans revolt
Premier Foods has kick-started efforts to quell a potential revolt aimed at ousting its chief executive after being blindsided by a top shareholder.
Whitbread to face questions over Costa Coffee
Whitbread boss Alison Brittain will be quizzed over the firm’s plans for Costa Coffee next week when the group reports on first-quarter trading.
Which firms have joined Brexit Britain’s corporate exodus?
With Airbus issuing a stark warning over Brexit, here are some other big firms that are shifting jobs and operations out of the UK:
French engineering firm prepared to spend ‘billions’ amid fresh UK push
French engineering firm Colas has pumped fresh cash into its UK business and is ready to spend billions on takeovers in a push to gain market share in a sector still reeling from the collapse of Carillion.
Cake Box founders to pocket £17m on stock market debut
Cake Box’s founders are set to pocket £17 million after the cream cakes retailer makes its stock market debut in London next week.
Playtech given green light for £741m takeover of Italian rival
Gambling software firm Playtech has been given the green light by Italy’s market authority to complete its 846 million euro (£741 million) takeover of rival Snaitech.
Premier Foods investor seeks removal of chief executive
Premier Foods has warned over the prospect of a shareholder revolt aimed at ousting boss Gavin Darby.
Sir Philip Green awaits ruling in High Court battle with watchdog over BHS audit
Sir Philip Green is awaiting a High Court judge’s ruling over his bid to restrict the publication of a report by the accountancy watchdog on a BHS audit.
Sterling resurgent on hopes of summer rate rise
Sterling received a shot in the arm on Thursday from the Bank of England, which fuelled market expectations for a summer hike in interest rates.
Poundworld denied £4.1m business rates lifeline ahead of collapse
Poundworld was denied a £4.1 million lifeline before it went into administration after it was unable to secure a cut in business rates, it has emerged.
Bank holds rates at 0.5%, but moves closer to a hike
The Bank of England has held interest rates at 0.5%, but edged closer to a hike after its chief economist joined two fellow policymakers in calling for a rise.
Heineken secures stake in craft brewer Beavertown
Heineken has snapped up a stake in London-based craft brewer Beavertown for £40 million, cash that will help build a new brewery.
Alexa… find me a mortgage
Home owners making an initial mortgage search can now get “groundbreaking” help from Alexa, Amazon’s voice-controlled virtual assistant.
Sir Philip Green begins High Court battle with watchdog over BHS audit
Sir Philip Green has launched a High Court bid to stop “criticisms” of him and his firm from being made public by the accountancy watchdog.
Bank holds rates at 0.5% but shows mounting support for hike
The Bank of England has held interest rates at 0.5%, but revealed growing support for a hike amid mounting signs the economy is bouncing back from a weather-hit start to 2018.
IBM report suggests TSB did not carry out enough testing before failed migration
A report has called into question whether TSB carried out enough testing before the failed IT migration that led to chaos for the bank’s customers.
Borrowing boost for Chancellor as tax receipts rise
Chancellor Philip Hammond has been given a boost after official figures showed Government borrowing declined in May, helped by higher tax receipts.
Salisbury attack and global tensions boost defence market for Chemring
Chemring said geopolitical tensions following events such as the Salisbury poisoning and Syrian attacks have revived the defence market, with the company already swinging to a profit in the first half of the year.
Mike Ashley’s Sports Direct rebuffed over complaint against former MP
Sports Direct has lost its battle against former MP Iain Wright after parliamentary authorities refused to investigate claims that he helped wipe millions off the retailer’s share price and triggered violent assaults on shop staff.
Former RSM Tenon finance director banned over ‘extensive’ misconduct
The former finance director of collapsed audit firm RSM Tenon has been banned from accounting for five years by Britain’s accountancy watchdog.
Dixons Carphone posts profits plunge in wake of major cyber attack
Retailer Dixons Carphone has posted a slump in annual profits, a week after coming clean about a major cyber attack.
Market towns hailed for work-life balance
Market towns offer a good work-life balance because of affordable homes, good schools and low numbers of people working long hours, according to a new study.
Sir Philip Green set to kick off court battle with watchdog over BHS audit
Sir Philip Green will kick-start his court battle with the accountancy watchdog on Thursday as he seeks a judicial review of a report on PwC’s audit of BHS.
Bank rates decision to be watched for hints on August hike
The Bank of England is expected to keep interest rates on hold on Thursday, but the decision will be watched closely for clues on when policymakers will hike next.
Job cuts feared after Trinity deal waved through by Culture Secretary
The takeover of the Express and Star newspapers by the owner of the Daily Mirror has been cleared by the Government, sparking fears over job cuts.
Poundworld starts closing down sale amid struggle to find buyer
Beleaguered retailer Poundworld has started a “closing down” sale and drafted in consultants at Hilco to kick-start stock clearances.
Sir Terence Conran’s restaurant chain falls into administration
Upmarket restaurant chain Prescott & Conran, founded by Sir Terence Conran, has gone into administration, putting more than 168 jobs at risk.