IMF warns that a Brexit could cause “severe regional and global damage”
The International Monetary Fund (IMF) warned that a Brexit could result in “severe regional and global damage”.
In its most recent outlook the IMF said...
UK domestic demand for manufacturing and services firms dropped in Q1
According to the latest British Chambers of Commerce's (BCC) Quarterly Economic Survey, domestic *demand dropped for both manufacturing and services companies in the first...
Timber skyscraper 80 floors high called The Toothpick proposed for London
A timber skyscraper 80 floors high - called The Toothpick - has been proposed for London. The 300-metre tall building would be integrated within...
Shareholders approve Starwood-Marriott merger
The Starwood-Marriott merger is a step closer to becoming a reality after shareholders of both hotel chains approved the tie-up.
Receiving shareholder approval is...
Sam Woods appointed as new head of the Prudential Regulation Authority (PRA)
Sam Woods, the Bank of England’s Executive Director of Insurance, has just been appointed by George Osborne as the Deputy Governor for Prudential Regulation,...
Tata Steel is handing over two Lanarkshire steel plants to Liberty House
Later today Tata Steel will officially hand over two of its Lanarkshire steel plants to the metals firm Liberty House.
Liberty House, founded by the...
Potential Port Talbot buyer has had “very encouraging” talks with the UK government
Sanjeev Gupta, head of the Liberty Group, said that he has had "very encouraging" talks with the UK Government about a potential acquisition of...
Alaska Air Group acquiring Virgin America Inc for $2.6 billion in cash
Alaska Air Group is acquiring Virgin America Inc for $2.6 billion (£1.8 billion) in cash as part of an effort to strengthen the airline...
German firm ThyssenKrupp in talks about merging its steel operations with Tata’s European business
There may be a future for steel production at the beleaguered Port Talbot plant.
The German industrial conglomerate ThyssenKrupp has reportedly been in talks with...
UK current account deficit rose to £96.2bn in 2015
The UK’s current account deficit rose to a record high of £32.7 billion in the three months to December 2015, according to the Office...