Business

Amazon issues no-deal advice to UK sellers

Image copyright Getty Images British businesses trading on Amazon have been advised to take steps in preparation for a no deal Brexit to ensure they can continue selling to customers in the EU. The online retail giant has informed UK sellers no deal “may temporarily prevent cross-border trade.” Britain is scheduled to leave the EU […]

Business

Black Friday steals Christmas shoppers

Image copyright Getty Images UK retail sales fell by more than expected in December after consumers brought forward their Christmas shopping to November, the Office for National Statistics has said. Sales volumes fell by 0.9%, more than the 0.8% forecast by economists. It comes after a 1.3% rise in November – revised from 1.4% by […]

Business

Ryanair issues profit warning as fares fall

Image copyright Reuters Ryanair has cut its profit forecast blaming lower-than-expected air fares. The airline’s chief executive, Michael O’Leary, said Ryanair could not rule out having to cut fares further. Fares are expected to fall 7% this winter. He said the low fares were already causing problems for rivals, including Flybe which was rescued last […]

Business

Housing market outlook worst ‘for 20 years’

Image copyright Getty Images The housing market outlook over the next three months is the worst for 20 years, surveyors say. A net balance of 28% of Royal Institution of Chartered Surveyors (RICS) members expect sales to fall in the next three months. It’s the most downbeat reading since records started in October 1998 and […]

Business

Nuclear plant in Anglesey suspended by Hitachi

Image copyright Horizon Nuclear Hitachi has said it will suspend work on a multi-billion-pound UK nuclear project because of rising costs. The decision puts thousands of jobs at risk if the £13bn plant at Wylfa Newydd in Anglesey, north Wales, is scrapped. The Japanese firm had been in talks with the UK government since June […]

Business

No-deal Brexit warning for UK drivers

Image copyright Reuters If UK motorists plan to drive abroad after 29 March, they need to act soon or risk breaking the law. That’s because a no-deal Brexit would leave drivers needing to have proof of insurance known as a Green Card. EU regulations will hit businesses and individuals. They will also apply to anyone […]

Business

Netflix raises prices for US customers

Image copyright Getty ImagesImage caption Roma was backed by Netflix, which is spending heavily to make its own movies and television Streaming service Netflix has announced it is raising its prices in the US. The company is increasing the cost of its standard plan in the US from $10.99 to $12.99 a month. The rise […]

Business

M&S names next 17 stores it wants to close

Image copyright PA Marks and Spencer has named the next wave of stores earmarked for closure in its reorganisation plan, including those in Huddersfield, Hull and Luton. The 17 proposed closures are part of the clothing, homeware and food retailer’s five-year plan to shut more than 100 stores by 2022. The latest plans will affect […]

Business

German economic growth slowest for five years

Image copyright Getty Images Germany’s economy grew by 1.5% last year, its slowest rate since 2013, the latest official figures show. Figures from the Federal Statistics Office showed Europe’s largest economy slowed sharply as the year wore on. A weaker global economy and problems in the car industry, caused by new pollution standards, have been […]