The accountancy giant is making around a third of back-room staff redundant in an effort to cut costs. It has offered voluntary redundancy to 670, with the aim of letting about 200 go.

Rental service, which has about 150 million users in more than 65,000 cities, was last valued at $31bn in September 2017 Airbnb, the home-sharing rental business, is to go public “during 2020”, the company said in a

The troubled travel firm must find £200m in extra contingency funds before banks will agree a deal.

Hull Trains has worst and c2c the best record under new measurements, data shows More than a third of British rail services failed to reach stations on time over the past year, according to new performance measurements. Under the toughened standards, trains are considered punctual if they arrive within a minute of the timetable, rather than the previous limit of up to 10 minutes. Under the changed regime, just 64.7% of services were on time in the 12 months to the end of June, a figure the rail passenger watchdog Transport Focus described as “unacceptable”.

Lenders demand travel firm obtains funds before crucial meeting next Friday The future of

High street retailer’s CEO says Brexit is not the cause of downbeat trading picture

The home rental site's floatation is expected to be one of the highest profile market debuts of 2020.

The consumer watchdog claims the website is still using 'pressure-selling' tactics.

Organisation downgrades economic forecasts, blaming US-China trade war and warning on Brexit

Home rentals site lays out much-anticipated plans for listing

Emma Thompson and Mark Ruffalo among signatories of open letter to secretary general A global campaign backed by 450 activist groups and celebrities, including actors Emma Thompson and Mark Ruffalo, is calling on the UN to endorse a global end to fracking before the industry torpedoes efforts to tackle the climate crisis. The open letter to UN secretary general António Guterres includes signatures from individuals representing global environmental movements, universities and faith groups.

UK central bank votes to keep interest rates at 0.75%, and warns that Brexit is making economic data volatile

Three million households would not be able to afford more than one month's rent if they lost their job, survey by husing charity Shelter suggests

A BBC undercover investigation reveals poor hygiene at the supermarket's home delivery service.

Hargreaves Lansdown, the UK's largest DIY investing platform, announced the removal of its exit charges today and called for all its rivals to do the same.

Michael O’Leary may benefit from fixed-price shares after 50.5% remuneration approval Almost half of Ryanair shareholders have voted against a controversial new pay package for the chief executive, Michael O’Leary, that could result in the airline handing him a €100m (£89m) bonus within five years. A wafer-thin majority, 50.5%, approved the remuneration report at Ryanair’s annual meeting in Dublin, which means O’Leary could land the extraordinary windfall despite widespread shareholder dissent.

"While there would be much discussion of the exact quantum of these interventions, the central issue is that they will need to be much more significant than many assume or than we used to," think tank says

Policymakers say the UK will avoid recession this year, but Brexit is still weighing on the economy.

Department store to continue rescue plan after judge rejects Sports Direct-backed CVA challenge Debenhams is to press ahead with a rescue plan involving the closures of more than 20 stores after fighting off

Over-50s holiday company apologises for brochure after Twitter backlash

MPs in Vienna deal a blow to a landmark agreement which cannot pass without all EU states backing it.

Rolling coverage of the latest economic and financial news, as the OECD slashes its growth forecasts

Rolling coverage of the latest economic and financial news

'This is only the beginning of a major battle', says prosecution lawyer

A takeover of Footasylum may raise prices and hit choice, says the Competition and Markets Authority.

Schoolgirl petition for fast food restaurants to remove plastic toys amassed more than half a million signatures

The move comes as China, the world's biggest pork producer, struggles to contain a swine fever outbreak.

It was the only criminal case to arise out of the world's worst nuclear disaster since Chernobyl.

It’s been very difficult after it dropped a cage from a lorry on the back of my vehicle

Offshore leasing auction starts for 7GW capacity project that could supply 6m UK homes The crown estate has opened the first leasing round for offshore windfarms in a decade to usher in a new generation of wind projects expected to eventually generate an investment of £20bn. The business intends to auction off new seabed rights in the waters around England and Wales to wind power developers. The leasing scheme allows up to 7GW of electricity generation capacity – enough to meet the needs of more than 6m homes.

Data from UK retailers suggests total card spending accounts for about 80% of sales Credit card spending has overtaken cash for the first time, according to data from UK retailers. This means notes and coins have been demoted to the third most popular method of payment. The figures from the British Retail Consortium (BRC) – whose members are responsible for £180bn of sales – come amid warnings that millions of adults would struggle to cope in a cashless society.