Business

Train tickets: Rail industry plans fares shake-up

Image copyright Getty Images Britain’s rail companies are to launch a public consultation aimed at making ticketing fairer and easier to use. The Rail Delivery Group (RDG), which represents rail firms, said about 55 million different fares exist in the current system. A passenger group said reform was “overdue”. The industry admits passengers are not […]

Business

Emissions scandal

Image copyright Getty Images Image caption Former VW boss Martin Winterkorn authorised a cover-up, allege US prosecutors It was an “appalling” fraud that went to the very top of the company. That is the striking allegation made by US prosecutors looking into the emissions-cheating scandal at the Volkswagen Group. The indictment unsealed on Thursday claims […]

Business

Air France-KLM boss quits as staff reject pay deal

Image copyright AFP Image caption Jean-Marc Janaillac said he accepted the consequences of the ballot Air France-KLM chief Jean-Marc Janaillac has announced his resignation after French staff at the strike-hit airline rejected a new pay deal. “I accept the consequences of this vote and will tender my resignation to the boards of Air France and […]

Business

Sainsbury's boss Coupe caught on camera singing

Sainsbury’s chief executive Mike Coupe has been caught on camera singing We’re in the Money, amid a proposed merger with Asda. Mr Coupe, who is a large shareholder in the supermarket, was between TV interviews when he started singing. In a statement, Mr Coupe said: “It was an unfortunate choice of song, from the musical […]

Business

Jockey Club horse racing posts record annual turnover

Image copyright Getty Images The Jockey Club, which operates 15 racecourses, including Aintree, Sandown Park, Cheltenham and Newmarket, has posted record annual turnover for 2017. Revenues were £201.1m, up 5.2% on 2016, with operating profits before prize money also up, to £44.8m from £43.4m. Prize money was up 10.1% to a record £22.9m. That meant […]

Business

Sainsbury's and Asda in merger talks

Image copyright Getty Images Merger talks between British supermarket chains Sainsbury’s and Asda are at an “advanced” stage, Sainsbury’s has confirmed. The two brands are expected to be retained should a merger go ahead. Sainsbury’s and Asda – the UK arm of Walmart – are the second and third largest supermarkets in the UK. The […]

Business

Oil major ExxonMobil posts profit rise

Image copyright Reuters Oil giant Exxon posted first-quarter earnings of $4.7bn (£3.4bn) on Friday. Profit at Exxon jumped 16% from the same period last year but still missed analyst expectations, despite rapidly rising crude prices. Revenue at the Esso-owner rose 16.3% to $68.2bn, which beat analyst expectations of $66.1bn. Oil prices are rising after years […]

Business

Airbus and Dassault join forces to build next fighter aircraft

Image copyright Getty Images Image caption The new aircraft will eventually replace the Eurofighter Rivals Airbus and Dassault Aviation have struck a deal to develop and produce Europe’s next generation of fighter aircraft. Franco-German Airbus is part of the consortium behind Eurofighter, while France’s Dassault makes the Rafale jet. The two companies said their European […]

Business

Basic income trial falls flat in Finland

Image copyright Getty Images The Finnish government has decided not to expand a limited trial in paying people a basic income, which has drawn much international interest. Currently 2,000 unemployed Finns are receiving a flat monthly payment of €560 (£490; $685) as basic income. “The eagerness of the government is evaporating. They rejected extra funding […]