Former City trader behind UK’s biggest banking fraud deported to Ghana
A former City trader behind a £1.4 billion banking fraud has been deported to Ghana despite a campaign to keep him in the UK.
City
Dignity profits take a hit from funeral price war
Dignity’s profits declined in the third quarter as a price war in the funeral market weighed on its income.
Action group to ‘hit the ground running’ in fight to save Michelin in Dundee
Politicians, business leaders and trade unions will join forces in a bid to save the closure-threatened Michelin tyre factory in Dundee.
New man at the top for Sage Group
Sage Group has appointed Steve Hare to the role of chief executive with immediate effect.
Bank governor warns interest rates could rise in worst-case Brexit scenario
Bank of England governor Mark Carney has warned interest rates could rise in the event of a no-deal Brexit if a cliff-edge withdrawal sends the pound into freefall.
‘Asda to consult staff over loss of up to 2,500 jobs’
Supermarket giant Asda is to start consulting with staff over potential job losses next year which could total almost 2,500, according to sources.
Debenhams to close 50 stores after posting biggest loss in store’s history
Debenhams has unveiled plans to axe up to 50 high street shops, putting around 4,000 jobs at risk, as the struggling department store chain swung to a near £500 million loss.
BT dials up Philip Jansen for chief executive role
Telecoms giant BT has appointed Worldpay boss Philip Jansen as chief executive.
Debenhams to shut 50 stores as 4,000 staff face redundancy
Debenhams has unveiled plans to axe up to 50 high street shops, putting around 4,000 jobs at risk, as profits plunged at the struggling department store chain.
Rise in number of smaller firms closing their doors amid ‘local challenges’
The number of smaller firms going into liquidation has increased by almost a third so far in 2018.
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.
£1.4bn fraud trader Kweku Adoboli bailed pending deportation decision
Former City trader Kweku Adoboli, who gambled away £1.4 billion in the UK’s biggest banking fraud, has been bailed from detention pending a decision over his deportation.
Unilever scraps plans to shift headquarters after investor pressure
Unilever has bowed to pressure from shareholders and scrapped plans to move its corporate headquarters from London to Rotterdam.
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.
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.
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.