UK economy unprepared for fourth industrial revolution – John McDonnell
John McDonnell has claimed the financial crises has left Britain’s economy dangerously unprepared for the fourth industrial revolution.
City
House of Fraser and Debenhams merger discussed by Sports Direct board
Sports Direct board members have discussed a possible merger between Debenhams and House of Fraser, a company director has revealed.
Sports Direct chairman announces retirement ahead of AGM
Sports Direct chairman Keith Hellawell has said he will step down from the company, ending a controversial nine-year tenure in the role.
Galliford Try sees profits surge 145% as exceptional charges shrink
Galliford Try’s annual profits surged 145% as the company recovered from hefty charges linked to major infrastructure projects a year earlier.
SSE blames weather and gas prices for halving six-month profits
Energy giant SSE has warned half-year profits will tumble 50% after suffering the effects of higher gas prices and dry, still and warm weather.
Jagermeister bombshell as JD Wetherspoon ditches range of EU-made drinks
Pub company JD Wetherspoon is to increase its range of drinks from UK and non-EU producers from later this month, it has announced.
House of Fraser apologises after cancelling all online orders
House of Fraser has apologised to customers after cancelling all orders placed online.
Asda notches up second quarter sales growth
Asda has notched up another rise in quarterly sales, but the speed of growth was pegged back by the timing of Easter.
BHS bosses made optimistic assumptions about its future, regulator concludes
The management at BHS made unreasonable and optimistic assumptions about the retailer’s future ahead of its doomed sale to a serial bankrupt, the accountancy watchdog has said.
Alex Salmond dropped from Johnston Press takeover plans
Alex Salmond has been dropped from plans for a takeover of the newspaper group which publishes the Scotsman and the i, it has emerged.
Cobham shares tank after Boeing withholds payments amid dispute
Shares in Cobham have plunged after the defence and aerospace group revealed a £40 million hit and said Boeing is withholding payments amid a spat over the aircraft giant’s US tanker programme.
Pharma giant GSK announces major restructuring drive to cut £400m in costs
GlaxoSmithKline has announced a major restructuring programme that will see the company slash £400 million in annual costs in an effort to bolster research spending.
Bankers, lawyers and PR firms to pocket £340m from Comcast-Sky deal
Bankers, lawyers and PR firms are poised for a bumper £339 million pay day if Comcast triumphs in its takeover bid for broadcaster Sky.
FTSE 100 puts in lacklustre performance as trade war heats up
The FTSE 100 put in a lacklustre performance at the end of the week as Donald Trump turned up the heat on the US trade war with China.
Technology fears amid trade dispute lead to slide in stocks
US stocks skidded on Monday as investors grew concerned that technology companies could be pulled into the broadening trade dispute between the US and China.
Longer-living urban blackbirds have reduced bill of health, study finds
City blackbirds live longer but are less healthy than their country counterparts, a study has found.
The Debate: Which city is better, Aberdeen or Dundee?
It’s an age old rivalry that’s had some fuel added to the flames in recent weeks, with one councillor claiming Aberdeen is Scotland’s “forgotten city” following a major jobs boost for Dundee.
Oil industry downturn sees Aberdeen demoted in list of ‘best UK cities’
Aberdeen has slipped down the rankings of the best UK cities in which to live and work as a result of the downturn in oil and gas, according to a new report.