Business

Rolls-Royce vies for UK nuclear role

Image copyright China Nuclear Power DesignImage caption The proposed design for Bradwell B Rolls-Royce has confirmed it is in talks with Chinese state-run firm China General Nuclear (CGN) over providing essential systems for a new power station in the UK. The UK engineering company makes instrumentation and control systems for nuclear reactors. The plant will […]

Business

IMF warns trade tensions could hit growth

Image copyright Getty ImagesImage caption US-Chinese trade tensions could exacerbate the global slowdown The International Monetary Fund has warned that escalating trade tensions could undermine global economic growth. In a new report on the world economic outlook, the IMF also warns of risks from a no-deal Brexit. For the world economy, the IMF is now […]

Business

Poundland ‘gift of nothing’ sparks criticism

Image copyright @KimxPx/PA It’s the thought that counts when giving presents – or is it? Discount retailer Poundland has caused controversy with its latest Valentine’s Day gift, a heart-shaped package with nothing in it. The Gift of Nothing, naturally priced at £1, is intended as “a bit of fun”, says the retailer. But Friends of […]

Business

Patisserie Valerie seeks bank lifeline

Image copyright Getty Images Troubled cake chain Patisserie Valerie is facing a crucial few days after a deal with its banks expired on Friday. The UK firm said in October it had uncovered “significant, and potentially fraudulent, accounting irregularities”. The company’s biggest shareholder, Luke Johnson, is now in talks to extend its cash lifeline from […]

Business

China’s slowdown and what it means for the UK

Image copyright Getty ImagesImage caption Exporters and investors will be looking at China’s GDP figures closely Monday sees the release of China’s GDP figures, and they’ll be even more closely watched than usual. Apple’s CEO, Tim Cook, blamed cautious Chinese consumers in part for his company’s failure to sell as many iPhones as he hoped, […]

Business

Brexit worries ‘add to car insurance costs’

Image copyright Getty Images Car insurance costs are climbing for the first time since 2017, partly because of Brexit uncertainty, according to the AA. Over the last three months, the cost of a fully comprehensive policy climbed 2.7% to £609.93 on average. Premiums have also climbed because an expected cut in claims costs won’t now […]

Business

Can pubs stand many more Dry Januarys?

Image copyright Rocket Leisure/ Graham TurnerImage caption The Old Street Records bar in Shoreditch “As a small independent bar group, we do feel a hit at the start of the year,” says Tom Jackman, director of the Northcote, Venn Street and Old Street Records bars in London. In January people are naturally recovering from the […]

Business

Murdoch asks to merge Times titles

Image copyright Getty ImagesImage caption Rupert Murdoch bought the Times titles in 1981 Rupert Murdoch newspapers the Times and the Sunday Times are asking the government for permission to share resources, including journalists, between the two titles. The application to the Department for Digital, Culture, Media and Sport (DCMS) is necessary as legal undertakings were […]

Business

Reality Check: Has immigration hit wages?

The claim: Immigration has held down wages in the UK. Reality Check verdict: Current research suggests there was a small, negative impact on the wages of low-skilled workers, which was outweighed by other factors such as the impact of the financial crisis and rises in the minimum wage. In a Brexit speech, Leave campaigner and […]