Business

Eurozone bailout programme is finally over

Image copyright Getty Images Image caption Prime Minister Alexis Tsipras says Greece is “turning a page” in ending its bailout programme The eurozone passes an important milestone on 20 August. The date marks the formal end of the bailout of Greece. It is the final country to be receiving emergency loans in the wake of […]

Business

Financial Times boss returns £510,000 rise

Image copyright Reuters The boss of the Financial Times will hand back a pay rise of more than £500,000 after some of the newspaper’s journalists complained about his pay. Explaining his decision, John Ridding said the rise had “created concerns”. This month, Steve Bird, of the paper’s National Union of Journalists chapel, wrote to FT […]

Business

Pension scam victims 'lost £91,000 each'

Image copyright FCA Image caption A new TV advert shows how a fraudster might spend someone else’s savings Pension scam victims lose an average of £91,000 each as fraudsters see the potential for looting savings pots. One victim, Jennifer Ringstead, who lost over £50,000, said she was “angry” she had not been compensated and would […]

Business

Sainsbury's supermarket goes 'till-free'

Image copyright Sainsbury’s Supermarket chain Sainsbury’s is trialling its first “till-free” store, in which shoppers do not need to queue for a staffed or self-service checkout. Instead, customers can scan goods with a smartphone and put them straight into a bag. When they have finished shopping, their payment is processed by the phone. One industry […]

Business

Trump backs Harley-Davidson boycott in tariff row

Image copyright Getty Images Donald Trump has tweeted that it is “great” that many Harley-Davidson owners plan to boycott the firm as a row over tariffs escalates. The US president said “most other firms… including Harley competitors” agreed with his decision to impose tariffs on steel and aluminium imports. In June, Harley-Davidson said it would […]

Business

M&S in new phase of store closures

Image copyright PA Image caption M&S wants to move a third of its sales online Marks & Spencer is implementing the latest round of its store closure programme this weekend as it battles to improve its fortunes. Seven more of the retailer’s clothing shops will be shutting their doors for the last time on Saturday. […]

Business

Poundworld brand could be resurrected

The Poundworld brand could be resurrected on some High Streets. A deal has been agreed in principle for Irish retail family the Hendersons to buy the Poundworld brand and the leases on some of the stores of the collapsed discount retailer. However, the proposed deal will not save the jobs of any current Poundworld staff. […]

Business

Homebase owner 'plans to close 60 stores'

Image copyright PA Image caption Homebase has about 250 stores and 11,500 staff in the UK and was sold for £1 in May The new owners of Homebase will reveal plans to close up to 60 stores next week, putting about 1,500 jobs at risk. Restructuring company Hilco, which bought the DIY chain for £1 […]

Business

Elon Musk tweets he may take Tesla private

Image copyright Reuters A tweet from Tesla boss Elon Musk’s account suggests he is “considering” taking the electric car firm private. The BBC has been unable to verify the post was written by Mr Musk himself, but it has pushed the shares 6% higher. The tweet suggested Mr Musk was looking at buying outstanding shares […]

Business

Heatwave causing farmers 'serious concern'

Image copyright Getty Images Image caption Record temperatures have led to potato shortages Farmers’ representatives are warning of serious concerns if the extended spell of hot, dry weather continues. Potatoes are the latest crop in line for price rises thanks to a shortage caused by an unusually cold winter, followed by the scorching summer. The […]