Business

Lloyds Banking Group sets aside further £100m for PPI

Image copyright Reuters Lloyds Banking Group has set aside a further £100m to cover payment protection insurance (PPI) mis-selling as it reported flat quarterly profits. Pre-tax profits for the first three months of the year were £1.6bn, unchanged from the same period a year earlier. The bank also warned that continuing Brexit uncertainty could have […]

Business

Will robots take our factory jobs?

As manufacturing becomes more automated, it will employ fewer people. As the new wave of automation comes, will the number of jobs continue to fall? And where will the new jobs appear? This is part of the BBC’s Disruptors series. You can read the full article here. Animation: Zoe Bartholomew; Producer: Ben King https://www.bbc.co.uk/news/business-48069012

Business

Is plant burger firm Beyond Meat really worth $1.5bn?

Image copyright Beyond Meat Beyond Meat has lifted its share price range ahead of its US flotation on Wednesday, valuing the plant-based meat-maker at nearly $1.5bn (£1.1bn). The US firm, which counts actor and environmentalist Leonardo DiCaprio among its investors, will now offer its shares at between $23 and $25. The decision to increase the […]

Business

JLR to build new Land Rover Defender in Slovakia

Image copyright JLRImage caption The new Land Rover Defender is expected to go on sale early next year Jaguar Land Rover (JLR) will build its next-generation Land Rover Defender 4×4 in Slovakia rather than the UK. The Defender model was built at the firm’s Solihull factory near Birmingham until 2016. The firm says the new […]

Business

Four Seasons Health Care goes into administration

Image copyright Getty Images One of Britain’s largest care home groups, Four Seasons Health Care, has gone into administration. Two of the holding companies behind the firm appointed administrators on Tuesday after struggling to repay their debts. The group serves about 17,000 residents and patients and employs some 20,000 staff. Four Seasons said the move […]

Business

Chase criticised for ‘mocking’ customers’ spending habits

Chase criticised for ‘mocking’ customers’ spending habits By Georgina Rannard BBC News Image copyright TwitterImage caption Chase’s tweet about financial advice on Monday backfired US bank Chase has been criticised on social media for sending a tweet ‘mocking’ customers’ spending habits. Offering financial advice on Twitter, the bank appeared to chastise consumers who question their […]

Business

Vodafone denies Huawei Italy security risk

Image copyright AFP Vodafone has denied a report saying issues found in equipment supplied to it by Huawei in Italy in 2011 and 2012 could have allowed unauthorised access to its fixed-line network there. A Bloomberg report said that Vodafone spotted security flaws in software that could have given Huawei unauthorised access to Italian homes […]

Business

A supermarket is being piloted which has no tills

A leading UK supermarket chain is trialling a store with no tills, so customers are expected to pay for items with their app. Customers struggling with the system can still pay by cash or card at a helpdesk. Sainsbury’s Local in Holborn, London is running the pilot for three months. Other stores have offered self-checkout […]