Rolls Royce slicing layer of senior management in major restructuring move
Rolls Royce is slicing a layer of senior management as part of a major restructuring move aimed at improving the British engineering company’s prospects,...
BoE says UK households can cope with an interest rate hike
The Bank of England says that households in the UK should be able to cope with a hike in interest rates.
A survey of over...
Starbucks UK paid £8.1 million in corporation tax this year
Starbucks UK paid £8.1 million in corporation tax this year after reporting its largest ever profit in the region.
To put things in perspective, the...
UK inflation rate increased to 0.1% in November, positive again
The UK’s inflation rate returned to a positive level in November, the first time in four months, up to 0.1% after a reading of...
UK Treasury launching a secondary annuity market in 2017
The UK government will allow more than five million people to sell their annuity from 6 April 2017 for an upfront cash sum.
The Treasury...
Treasury Select Committee asks watchdog to look at HBOS auditors again
The Treasury Select Committee has asked the accountancy watchdog, the Financial Reporting Council, to look at HBOS auditors again. Andrew Tyrie, the Committee’s chairman,...
China gives green light to Shell and BG Group merger
China has given clearance to the £40 billion merger between Shell and BG Group, meaning that the pre-conditional approval process is now complete.
Receiving...
National Front party pushed into third place in French regional elections
Latest exit polls indicate that France’s ultra-right wing Front National has been beaten into third place. It appears the Front National has not won...
Corbyn wants his army of supporters to have control over policy
Jeremy Corbyn, the leader of the UK’s Labour Party and Leader of the Opposition, wants his army of supporters to have control over policy,...
Oil price plunges and takes stock markets down with it
As the oil price plunges it is taking stock markets across the world down with it, with investors running for cover. The looming US interest rate...