Business NEWS

UK government muses tax on tech revenues, not profits

The UK government could be set to change the way technology giants are handled by the taxation system, according to BBC News. The Treasury has confirmed that a new tax on company revenues … Continue reading “UK government muses tax on tech revenues, not profits”


US steel tariffs could trigger trade war, says German Chamber of Commerce

The German chamber of commerce has warned that US steel tariffs could trigger a trade war with major trading partners, according to Reuters. Analysts estimate that such a conflict could cut growth in … Continue reading “US steel tariffs could trigger trade war, says German Chamber of Commerce”


Inquiry to be held into East Coast Mainline fiasco

The House of Commons transport committee has confirmed that it will hold an inquiry into the decision to end the East Coast Mainline rail franchise early, according to BBC News. The Department for … Continue reading “Inquiry to be held into East Coast Mainline fiasco”


Morrisons to cut 1,500 management jobs

UK supermarket chain Morrisons is to cut 1,500 management jobs and create 1,700 lower-paid roles, according to Reuters. The move is a big to cut costs along the lines of similar restructuring by … Continue reading “Morrisons to cut 1,500 management jobs”


eBay to ditch PayPal as preferred processor from 2020

eBay has said PayPal will no longer be its preferred payments processor, according to BBC News. In a blog post, eBay announced that users will be able to manage payments without leaving its … Continue reading “eBay to ditch PayPal as preferred processor from 2020”


Insurers face £30m bill for Carillion claims

Insurance companies have estimated that £30m will be paid out in claims by companies owed money by the liquidated contractor giant Carillion, according to BBC News. Claims for between £5,000 and several million … Continue reading “Insurers face £30m bill for Carillion claims”


GKN rejects hostile £7.4bn takeover bid from Melrose

The engineering giant GKN has fought off a £7.4bn hostile takeover from Melrose Industries, according to BBC News. Melrose, which specialises in turning around struggling businesses, claimed it could “deliver significantly greater benefits” … Continue reading “GKN rejects hostile £7.4bn takeover bid from Melrose”


Carillion enters liquidation

The construction company Carillion has announced that it will go into liquidation. Government-backed attempts to negotiate a deal to save the company failed, according to BBC News. The contractor is the UK’s second … Continue reading “Carillion enters liquidation”


How will the EU’s GDPR affect the UK Economy?

General Data Protection Regulation (GDPR) is one of the EU regulations that the UK has committed to retain when the UK officially leaves the European Union. The regulation was adopted on 27 April … Continue reading “How will the EU’s GDPR affect the UK Economy?”


£24m contract for M49 Avonmouth junction awarded to Galliford Try

Highways England has awarded a construction contract for the building of a new motorway junction to Galliford Try, according to Construction Enquirer. The £24m contract will see the firm construct a new M49 … Continue reading “£24m contract for M49 Avonmouth junction awarded to Galliford Try”


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