Today News


Don’t wait for worried workers to call the shots on wages


The Bank of England fears low unemployment will cause runaway pay – but it has misread the situation


After Brexit, the Bank of England will have a new boss – and new problems

Mark Carney steps down next summer. His successor will face not just personal scrutiny, but questions about the job itself


‘Aloof and academic’ Blackwell’s comes off campus as book sales surge

Fiction, cookery and pop culture titles spell success for the retailer, which has become the UK’s fastest-growing bookseller

Netflix boss apologises to staff after executive sacked over N-word

Reed Hastings vows to ‘set a better example’ in memo regretting PR chief’s racial slur


Forbidden fruit: berry growers warn Brexit could ruin sector

Strawberries, the classic British summer treat, are being plucked from a sunny field in Kent. Every worker snapping fruit from waist-high growing platforms stretching under airy polytunnels is Romanian or Bulgarian. The staple of Wimbledon…

Friday, Jun 22


Era ends as House of Fraser to axe 31 stores and 6,000 jobs

The 169-year-old department store chain accepts CVA as part of rescue deal

'Google and Facebook won': old guard of advertising under threat in Cannes

The Guardian / AU

Internet giants’ growing control of ad spend brought a sense of change to Cannes Lions festival


Broughton, the town in fear after Brexit warning by Airbus

The Guardian

Workers at aerospace firm worry they face same fate as thousands who lost jobs in 1980s

Airbus raises range of fears in brutal Brexit assessment

Aircraft manufacturer warns it could end UK investment even if there is an ‘orderly’ departure from EU

Trump threatens car tariffs after EU sets up £2.5bn of levies on US

Bourbon whiskey, Levi’s and Harley-Davidson on list as EU measures comes into force


Oil output to rise by 1m barrels a day as Opec reaches compromise

The Guardian

Delegates at Vienna meeting say talks were fraught – Brent crude rises 2%


Tesla downsizing residential solar business bought for $2.6bn

Company to close facilities and end Home Depot partnership after buying company founded by Elon Musk’s cousins


Opec meeting: oil ministers are 'cooking up a deal' on production - business live

All the day’s economic and financial news, as oil ministers meet in Vienna and Greece moves closer to exiting its bailout programme


The Bank is betting on strong GDP for August interest rate rise | Nils Pratley


Anything less than 0.4% for the second quarter could spell yet another embarrassing delay


Airbus plans UK job cuts amid fears of hard Brexit impact

The Guardian

No-deal scenario directly threatens future in the UK, says Airbus COO Tony Williams

Thursday, Jun 21


Nikki Haley attacks damning UN report on US poverty under Trump

The Guardian / US

Ambassador calls report ‘politically motivated’ days after announcing pullout from human rights council

Philip Hammond hands Bank of England new powers

Bank will have extra £500bn to provide to economy as Britain prepares for Brexit

Tesla whistleblower claims company is 'doing everything it can to silence me'

The electric carmaker is suing a former technician for alleged hacking, but he says he’s being scapegoated for leaking concerns


Sir Philip Green launches legal bid to gag BHS-related report

Former BHS owner says report on PwC auditing failures could damage his reputation


Martin Sorrell criticises WPP over its handling of his forced departure

Advertising tycoon says he was treated unfairly and blames a high-level leak for his exit

Supreme court rules states can collect sales tax from online retailers

Court overturns pre-internet ruling that had allowed many internet businesses to avoid paying the duties


Intel CEO Brian Krzanich quits over relationship with employee

Tech firm says relationship was in violation of the company’s non-fraternization policy, which applies to all managers


New divides over oil prices as Opec heads for crunch meeting

Why Saudi Arabia is pushing for a big production hike, while Iran and Venezuela oppose one


Bank of England leaves interest rates on hold, but chief economist pushes for a rise - business live

All the day’s economic and financial news, including the Bank of England’s interest rate vote and a eurogroup meeting on Greece


Daimler issues profit warning on back of US-China trade dispute

Mercedes-Benz maker expects the tit-for-tat tariff spat to hit car sales

Dixons Carphone profits fall 24% amid warning of no quick fix

New boss Alex Baldock says ‘we have plenty of work to do’ but is confident in long term


'Trump slump': gunmaker American Outdoor Brands hit by sharp sales drop

The “Trump slump” struck again on Wednesday as American Outdoor Brands Corporation, the gunmaker formerly known as Smith & Wesson, reported another sharp drop in sales.

Wednesday, Jun 20


Ex-Anglo Irish Bank chief David Drumm sentenced to six years in jail

Drumm guilty of fraud in case related to banking transactions during the financial crisis

Get impregnated by World Cup stars and win free Whoppers, says Burger King

The Guardian

Burger King’s Russian division has apologized for a social media campaign offering free burgers for life to women who get pregnant by football players


Sir Terence Conran’s restaurant group calls in administrators

Final three Prescott & Conran outlets hit by weak consumer demand and rising costs