Business NEWS

BT shares drop after cost of Italian accounting scandal is revealed

Shares in BT fell nearly 20% on Tuesday after the company revealed the cost of mismanagement at its Italian division. BT announced in October 2016 that it had discovered “inappropriate behaviour” at the … Continue reading “BT shares drop after cost of Italian accounting scandal is revealed”


UK retail sales decline in December

Seasonally adjusted figures released on Friday show that UK retail sales fell from November to December. According to the Office for National Statistics (ONS), the quantity bought in retail sales increased by 4.3% … Continue reading “UK retail sales decline in December”


UK unemployment down, wage growth up

UK unemployment has continued to fall, according to new figures from the Office for National Statistics (ONS). The ONS said on Wednesday that unemployment fell by 52,000 to 1.6 million in the three … Continue reading “UK unemployment down, wage growth up”


UK inflation hits 1.6%

Higher air fares and food prices in December helped drive UK inflation to its highest rate for two-and-a-half years. The Office for National Statistics (ONS) said on Friday that the Consumer Prices Index … Continue reading “UK inflation hits 1.6%”


Unilever makes commitment to fully recyclable plastic packaging

Anglo-Dutch consumer goods giant Unilever will switch to 100% recyclable plastic packaging by 2025. The manufacturer announced on Saturday a commitment to ensuring that all of its plastic packaging is fully reusable, recyclable … Continue reading “Unilever makes commitment to fully recyclable plastic packaging”


Wage inequality for men has risen, study finds

In the past 20 years there has been a fourfold increase in the number of men in low-paid part-time work, according to a new report from the Institute for Fiscal Studies (IFS). The … Continue reading “Wage inequality for men has risen, study finds”


UK retailers report sales growth in Christmas trading updates

‘Super Thursday’ has arrived, with a multitude of UK retailers announcing their sales figures for the key Christmas period. Marks and Spencer reported its first like-for-like improvement in clothing and home sales since … Continue reading “UK retailers report sales growth in Christmas trading updates”


Top UK bosses have already clocked up average annual UK salary

By lunchtime on 4 January, top bosses at UK firms had made more money than the average UK worker earns in an entire year, according to the High Pay Centre. The independent think … Continue reading “Top UK bosses have already clocked up average annual UK salary”


Can online estate agencies disrupt an entrenched property industry?

Offline agents have for a long time dominated the real estate industry and led many people to believe that they are unshakable. The revolution on how people buy and sell property began like … Continue reading “Can online estate agencies disrupt an entrenched property industry?”


CBI sets out business priorities for Brexit

The CBI has called for a “barrier-free relationship” to be maintained with the European Union after Brexit. In a report released on Wednesday, the business group raised concerns about issues including tariffs, immigration … Continue reading “CBI sets out business priorities for Brexit”


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