Business

Addison Lee loses appeal on worker rights

Image copyright Addison Lee/ Twitter A claim that Addison Lee’s drivers are employees, not self-employed contractors, has been upheld in a major blow to the taxi company. The Employment Appeal Tribunal ruling confirms that drivers should be paid the minimum wage and holiday pay. The judgement could affect thousands of Addison Lee drivers and follows […]

Business

German economy contracts for first time since 2015

Image copyright Reuters Germany’s economy contracted in the third quarter of the year, dented by weaker exports, figures have shown. Europe’s largest economy shrank by 0.2% between July and September, as global trade disputes had a knock-on effect for Europe’s largest economy. It was the economy’s first quarter-on-quarter fall since 2015. Meanwhile, the eurozone economy […]

Business

UK inflation holds steady at 2.4% in October

Image copyright Getty ImagesImage caption The price of milk has fallen, as has that of other dairy items The UK inflation rate remained steady at 2.4% in October, confounding analyst expectations of a rise to 2.5%. The Consumer Prices Index (CPI) figure included falls in food and clothing costs, but rising utility bills and petrol […]

Business

Volatile pound regains some ground

Image copyright Getty Images The pound has rebounded in afternoon trading in response to a report that the main elements of a Brexit treaty text are ready to present to the UK cabinet on Tuesday. Sterling regained some ground after a Financial Times report cited the EU’s main Brexit negotiator, Michel Barnier. The pound turned […]

Business

Tobacco shares hit on US menthol ban fear

Image copyright Getty Images Shares in two tobacco giants have been hit by reports that US regulators are planning to ban menthol cigarettes. Shares in British American Tobacco fell 9% to their lowest level for nearly five years, while Imperial Brands shares fell 4%. A report in the Wall Street Journal claimed the US Food […]

Business

Diageo sells Seagram’s and sambuca brands

Image copyright PA Drinks giant Diageo has announced that it is selling a portfolio of 19 brands to US privately owned firm Sazerac for $550m (£427m). The list includes three varieties of Seagram’s whisky, plus Romana Sambuca and the now-defunct Booth’s gin brand. Diageo said the sale would allow it to have “greater focus” on […]

Business

Would you ask your colleagues what they earn?

Image copyright Getty Images “Can you tell me how much you earn?” It’s not a question many of us would be happy asking a colleague, around the boardroom table or in the queue for the work canteen. It’s not a question many of us would be happy answering either, according to campaigners for women’s rights. […]

Business

My Brexit box: The people stockpiling food

Image copyright Justyna KowalczykImage caption Justyna Kowalczyk says the “Brexit box” was her partner’s idea “It might sound a bit crazy,” admits Justyna Kowalczyk. She’s talking about her “Brexit box” tucked under the kitchen table. In the plastic container, which is around the same size as a small box of photocopier paper, she has bottles […]

Business

Drivers with hybrid cars ‘still using fuel’

Image copyright Getty ImagesImage caption Most plug-in hybrids in the UK are bought for company fleets Tens of thousands of plug-in hybrids (PHEVs) bought with generous government grants may be burning as much fuel as combustion-engine cars. ​Data compiled for the BBC suggests that such vehicles in corporate fleets averaged just 40 miles per gallon […]

Business

Supermarkets win £300m cash machine case

Image copyright Getty Images Retailers will no longer have to pay millions of pounds in business rates for cash machines outside their shops, following a ruling by the Appeal Court. Since 2010 supermarkets and convenience stores have been liable to pay rates on the machines. But the court ruled that about £300m they have already […]