New car sales tumbled 12.2 per cent in October, marking the seventh consecutive month of declines and an acceleration on the fall of 9 per cent recorded the previous month. Falling business and consumer confidence was to blame for the drop, according to Mike Hawes, chief executive of trade body the Society of Motor Manufacturers […]
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Old scams, new tricks as fraudsters adapt
The organisation at the frontline of UK consumer protection says it is seeing a pattern of “old scams, new tricks”.
UK interest rate doubled – first rise in 10 years
The Bank of England has increased interest rates by 0.25 percentage points to 0.5 per cent – the first rate rise since 2007.
Apple shares hit fresh highs as it eyes record Christmas sales
Apple expects record sales of iPhones in the run-up to Christmas, and dismissed any talk of weaker demand for its iPhone 8 models saying they “instantly became out top 2 selling products” on release.
A Twitter employee deactivated Donald Trump’s account yesterday
A Twitter employee briefly deactivated Donald Trump’s Twitter account yesterday.
Rise of the robots: 600,000 construction jobs could be lost to automation by 2040
More than half a million jobs in the construction industry could be lost as a result of the rise of robots.
Ryanair profits soar despite cancellations blunder
Ryanair has posted an 11 per cent rise in half-year profits despite a rota blunder which saw thousands of flights scrapped.
UK most attractive European country for employers and staff
Talent, quality of life, location and cost put London ahead, with Edinburgh and Bristol in top 20 despite Brexit.
BP to restart share buybacks as profits double after downstream boom
BP investors sent shares in the oil major to its highest price this year after the supermajor more than doubled its profits in the last three months, driven by a five-year high in earnings for its fuels, petrochemicals and refining businesses.
Bank of England believes Brexit could cost 75,000 finance jobs
The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union.
Barclays profits up 31% in third quarter as boss sets new targets
Shares in Barclays have taken a tumble despite the bank announcing pre-tax profits of £1.1bn for its third quarter – a 31 per cent jump on the same period last year.
UK gender pay gap narrows to lowest for 20 years – but is still 9.1%
TUC calls for putting more pressure on companies to publish gender pay gaps as men are still being paid £100 a week more than women.
Twitter says it may finally turn a profit – after 11 years, £1.9bn losses and hundreds of millions of users
Twitter has said it could finally turn its first profit, sending shares in the much-maligned social network up by 12 per cent.
Royal Bank of Scotland reports £392m third-quarter profit with US settlement looming
Royal Bank of Scotland reported third-quarter profits of £392m and said it expects to take the financial hit for a US misselling investigation this year before returning to full-year profit in 2018.
NHS ‘could have prevented’ WannaCry ransomware attack
NHS trusts were left vulnerable in a major ransomware attack in May because cyber-security recommendations were not followed, a government report has said.