News

DFS boss steps aside after eight years

The boss of furniture seller DFS will stand down in November after eight years at the helm. Ian Filby, who led the retailer through its March 2015 IPO, will be replaced by the company’s chief operating officer Tim Stacey. The […]

AI is creating jobs, not destroying them, say UK business chiefs

The nightmare scenario of robots destroying jobs for British workers is nowhere close to coming true, chief executives have claimed. Instead, they say, demand for human workers is growing rapidly because companies need more staff who understand the new technologies. […]

Fix economy to make a success of Brexit, businesses tell Prime Minister

Theresa May is failing to take “basic and obvious” steps to restore the flagging economy’s fortunes, businesses have warned in a strongly-worded open letter. A series of significant reforms are needed but the domestic agenda has seemingly been forgotten due […]

Spending watchdog warns over £6bn risk to Britain’s nuclear submarine programme

Britain’s nuclear submarine programme faces a potential £6bn funding gap over the next 10 years, with serious questions over whether the project can be delivered on time. A hard-hitting assessment by spending watchdog the National Audit Office (NAO) of the […]

Market report: Ocado shares climb further on blue-chip hopes

OCADO’s late attempt to secure a place in the FTSE 100 in next week’s index shake-up gathered pace after Wall Street analysts urged investors to snap up the stock in the wake of its transformational deal with US grocery giant […]

Barclays may have been cleared, but scrutiny of its £12bn Qatar cash call will run on

At first glance it seemed Barclays was fully in the clear. In a statement to investors the high street bank said the Crown Court had dismissed all fraud charges against the lender relating to its £11.8bn emergency cash call at […]

Outgoing chairman warns BP over further executive pay tinkering

BP’s outgoing chairman has warned against further tinkering with pay packages for senior executives if it is to attract top talent. In a parting shot at BP’s annual general meeting Carl-Henric Svanberg appeared to criticise the committee’s decision to cut […]

Transport secretary quizzed over EY’s involvement in Carillion’s collapse

MPs have written to transport secretary Chris Grayling to ask what he knew about the involvement of professional services firm EY in advising Carillion and its client High Speed Two (HS2) in the months before its collapse. EY was appointed […]

Aston Martin gears up for flotation but sales slip as new cars launched

Aston Martin has taken a hit from sterling’s fluctuating value caused by uncertainty over Brexit, with headline profits at the luxury car maker halving in the first quarter. Pre-tax profit dropped almost 50pc compared to the last time round on […]

World’s largest battery and car-charging network planned for UK

The world’s largest battery and vehicle-charging network could roll out across British roads through a new £1.6bn scheme due to start in Southampton next year. A brand new energy start-up has won the backing of a UK institutional investor, green […]