Business

Cambuslang chicken plant's 450 jobs 'at risk'

Image caption The Cambuslang plant has been operating for about 35 years The Cambuslang chicken production plant owned by 2 Sisters Food Group is under threat of closure. The union Unite believes 450 jobs could be lost after workers were informed the plant could close by the summer. The company said it did not take […]

Business

Snapchat revamp gets full-scale UK rollout

Image copyright Snapchat Image caption Snapchat’s new design was rolled out to UK users on Wednesday Snapchat has begun a full-scale rollout of the redesigned version of its app to UK-based users The revamp is intended to separate social interactions with friends from third-party content. The new design comes as Snap stocks soared by more […]

Business

European shares tumble in new sell-off

Media playback is unsupported on your device Media captionWhy are share prices falling? European markets followed Asian markets lower on Tuesday as investors continued to dump shares. London, Frankfurt and Paris all fell sharply at the open with losses of up to 3%, before recovering some ground. In the US overnight the Dow lost 4.6%. […]

Business

Homebase owners may close up to 40 stores

Image copyright Reuters Up to 40 Homebase stores could be closed by its Australian owner, putting up to 2,000 jobs at risk. Wesfarmers paid £340m for the DIY chain in early 2016 and has been rebranding the stores under the Bunnings name. But after a “disappointing” performance the Australian firm has put Homebase under review […]

Business

Amber Rudd hits back at Tory Brexiteers

Media playback is unsupported on your device Media captionAmber Rudd says Jacob Rees-Mogg should not have accused Treasury of fiddling figures Home Secretary Amber Rudd has hit back at Tory Brexiteers over attacks on the civil service and claims of disunity. Ms Rudd said backbencher Jacob Rees-Mogg was “wrong” to accuse the Treasury of “fiddling […]

Business

Sony chief executive Kazuo Hirai to step down

Image copyright Getty Images Image caption Sony’s chief executive Kazuo Hirai is stepping down and will be replaced by Kenichiro Yoshida Sony’s chief executive Kazuo Hirai is stepping down and handing the reins over to finance chief Kenichiro Yoshida. Mr Yoshida, Sony’s chief financial officer, is to take over control of the Japanese electronics giant […]

Business

BT's Openreach plans faster broadband push

Image copyright Openreach BT’s Openreach, which manages the UK’s broadband infrastructure, has promised to introduce “ultrafast” internet connections to three million premises by 2020. The company said it was accelerating its plan to run fibre connections directly to homes and businesses. It will increase internet speeds from 24 megabits a second under superfast broadband to […]

Business

Rescuing child brides

Image copyright Camfed Image caption Girls who are forced into early marriage are unlikely ever to return to education All too often girls in countries across sub-Saharan Africa can be married off an early age, trapping them in a cycle that is almost impossible to escape. They can be held by poverty, sexual and domestic […]

Business

NAFTA talks are at a 'much better' point, says Mexico

Image copyright AFP/Getty Image caption NAFTA negotiators say they are making progress but key differences remain Officials from the US, Canada and Mexico say they have made progress in tense negotiations on the North American Free Trade Agreement (NAFTA). Their remarks concluded the latest round of talks, the second-to-last before the negotiations are supposed to […]

Business

Ikea founder Ingvar Kamprad dies in Sweden at 91

Image copyright Ikea Image caption Ingvar Kamprad pictured with Ikea furniture in the 1960s The Swedish founder of the Ikea furniture chain, Ingvar Kamprad, has died at the age of 91, the company has announced. Mr Kamprad – who pioneered flat-pack furniture – died at his home in Småland, Ikea confirmed in a statement. The […]