Neeraj Kanwar is boss of Apollo Tyres Company has seven factories across the world – but none in the UK Employment expert brands Kanwar’s remarks as ‘crude national stereotyping’ By John-Paul Ford Rojas Updated: 22:03 GMT, 3 February 2024 Stereotyping: Neeraj Kanwar is managing director of Indian firm Apollo Tyres The boss of a multinational … Read more
Superdry shares double after founder said he’s in talks to buy the retailer Superdry said talks were at an early stage and no decisions had been made By Emily Hawkins Updated: 17:38 GMT, 3 February 2024 Poised to make offer: Julian Dunkerton, with wife Jade Superdry shares more than doubled after its founder said he … Read more
By City & Finance Reporter Updated: 22:13 GMT, 2 February 2024 U.S. oil giants Exxon Mobil and Chevron have reported their second-biggest annual profits haul in a decade. The US oil giants reported combined earnings of £45billion for 2023. Profits fell compared to the record highs achieved in 2022 as oil and gas prices dropped … Read more
By Live Commentary Updated: 16:08 GMT, 2 February 2024 The FTSE 100 is up 0.1 per cent in afternoon trading. Among the companies with reports and trading updates today are YouGov, Revolution Beauty and Hipgnosis Songs Fund. Read the Friday 2 February Business Live blog below. > If you are using our app or a third-party … Read more
By Live Commentary Updated: 17:18 GMT, 1 February 2024 The Bank of England’s monetary policy committee has voted to keep interest rates on hold at 5.25 per cent by six to three. Two members wanted to increase the rate by 0.25 percentage points to 5.5 per cent. The FTSE 100 closed down 8.41 points at … Read more
BT Group reported third-quarter adjusted turnover increased by 3% to £5.3bn Openreach expanded its fibre-optic network by a record 950,000 premises The results came on the first day of new chief executive Allison Kirkby By Harry Wise Updated: 10:27 GMT, 1 February 2024 BT Group is on track to post profits of more than £6.1billion … Read more
By Calum Muirhead Updated: 22:01 GMT, 29 January 2024 The world’s most indebted property developer is being wound up. Troubled Chinese giant Evergrande has been ordered into liquidation by a Hong Kong court in a move that could send shockwaves across the country’s housing market and the wider economy. The ruling, issued yesterday by Hong … Read more
Vacancies fell by 6.95% to 929,138 in December Biggest decline since June 2020 Early data suggests further fall of between 6% and 8% in January By John-Paul Ford Rojas Updated: 00:05 GMT, 29 January 2024 Job vacancies are falling at the fastest pace since the height of the pandemic according to figures that will add … Read more
By Jessica Clark Updated: 14:54 GMT, 27 January 2024 Octopus Energy made its first annual profit last year thanks to its swoop for collapsed rival Bulb. The supplier had made a loss every year since it launched in 2016 but it soared to a £203m profit in the 12 months to the end of April. … Read more
By Live Commentary Updated: 13:55 GMT, 26 January 2024 UK consumer confidence has strengthened to its highest level since January 2022, boosting optimism over Britain’s economic prospects over the next 12 months, according to the closely-watched GfK Consumer Confidence Index. The FTSE 100 is up 1.5 per cent in afternoon trading. Among the companies with … Read more
