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Thomas Cook shares have hit a record low as the firm races to raise an extra £200m to stave off collapse
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Cost of supporting offshore turbines drops to less than market price for electricity The UK’s next wave of offshore windfarms will generate clean electricity at no extra cost to consumers after record low subsidy deals fell below the market price for the first time. New offshore wind projects will power millions of British homes under “zero-subsidy” support contracts within the next four years, following a record-breaking government subsidy auction.
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The UK announces projects to power seven million homes with wind power - and no need for subsidy.
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Thomas Cook races to raise an extra £200m to stave off collapse, as the pound hit a two-month high against dollar ahead of a key Brexit meeting
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Passengers whose departures were cancelled can switch back to their original flights
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Thomas Cook races to raise an extra £200m to stave off collapse, as the pound hit a two-month high against dollar ahead of a key Brexit meeting
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New boss to take over from Ross McEwan who will leave for National Australia Bank on 31 October
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Cost of supporting offshore turbines drops to less than market price for energy New renewable energy projects will be built at no extra cost for millions of British energy bill payers after record low state-backed subsidies fell below the market price the first time. The results of a government subsidy auction have revealed that the cost of supporting offshore wind turbines has tumbled by almost a third in two years to record lows of less than £40 per megawatt hour (MWh).
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The central bank said it expects the economy to grow by 0.2 per cent in the current, third quarter of the year following a contraction of 0.2 per cent in the second.
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Thomas Cook races to raise an extra £200m to stave off collapse, as the pound hit a two-month high against dollar ahead of a key Brexit meeting
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Pound hits two-month high against dollar ahead of key meeting between UK Brexit minister Steve Barclay and the EU’s chief negotiator Michel Barnier, as RBS appoints Alison Rose as its new boss
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The travel firm must find £200m in extra contingency funds before banks will agree a deal.
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Alison Rose will replace Ross McEwan as chief executive of the state-owned lender.
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Deputy head of retail banking arm will also be first woman to lead one of UK’s big four banks
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The holiday giant needs to raise an extra £200m
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The banking veteran will become the first woman to lead one of the UK's big four banks.
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From London to Yorkshire, these historic properties all have illustrious former residents
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In their first strike in over a decade, union members are prepared to settle in for the long haul: ‘If we win, everyone wins’ “This is a strike for the little guy,” D’Andre Jackson said, as he held a banner that read “UAW ON STRIKE” outside General Motors’ sprawling Flint Metal Center in Michigan. “It’s not just for us, it’s for everyone,” Jackson added.
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The troubled travel firm must find £200m in extra contingency funds before banks will agree a deal.
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Amazon and Google are among global firms setting out new green energy plans as climate pressure rises.
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Publishers say VAT charged on e-books and audiobooks unfairly pushes up prices for the partially sighted.
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The BBC's Aaron Heslehurst explains how Scrabble became a million dollar idea.
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The US central bank has pumped more than $200bn into the financial markets this week. Should we worry?
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Customers can choose from 1,542 different five-year fixed-rate mortgages at building societies and banks according to data firm Moneyfacts, almost twice as many as were available five years ago.
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Cox has been chairman since August 2017 but, since then, Kier's shares have plunged nearly 90 per cent as the company has been rocked by crisis after crisis.
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The 206-year-old passport and banknote firm has been chasing Sudanese officials in London and is poised to put itself forward if the government in Khartoum requests formal bids, sources said.
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The central bank said it expects the economy to grow by 0.2 per cent in the current, third quarter of the year following a contraction of 0.2 per cent in the second.
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The capital held on to second place in a list of the world's highest-rated financial hubs by commercial think-tank Z/Yen Group, behind New York but ahead of Hong Kong and Singapore.
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Bristol-based Aardman, which also created Shaun the Sheep, said Sean Clarke would take over from company co-founder David Sproxton next month after a transition period.
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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.
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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
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The troubled travel firm must find £200m in extra contingency funds before banks will agree a deal.
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Billionaire tycoon Mike Ashley, who runs Sports Direct, helped finance Debenhams' landlords' efforts to overturn the department store group's restructuring efforts.
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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”.
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Lenders demand travel firm obtains funds before crucial meeting next Friday The future of
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High street retailer’s CEO says Brexit is not the cause of downbeat trading picture
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Executors face a tricky choice of battling through probate alone, or paying a solicitor a large sum for their expertise. Sean McCann of NFU Mutual, explains what is involved in handling it yourself.
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The FTSE 100 closed up 42.37 points at 7356.42 and the pound was at $1.25 against the dollar.
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The home rental site's floatation is expected to be one of the highest profile market debuts of 2020.
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The consumer watchdog claims the website is still using 'pressure-selling' tactics.
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Organisation downgrades economic forecasts, blaming US-China trade war and warning on Brexit
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Home rentals site lays out much-anticipated plans for listing
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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.
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UK central bank votes to keep interest rates at 0.75%, and warns that Brexit is making economic data volatile
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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
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A BBC undercover investigation reveals poor hygiene at the supermarket's home delivery service.
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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.
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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.
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"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
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The challenger bank has struggled to rebuild investor confidence after it revealed it had under-reported the risk of its loan book, forcing it to raise £375m from shareholders in May.
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Policymakers say the UK will avoid recession this year, but Brexit is still weighing on the economy.
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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
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Over-50s holiday company apologises for brochure after Twitter backlash
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MPs in Vienna deal a blow to a landmark agreement which cannot pass without all EU states backing it.
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Rolling coverage of the latest economic and financial news, as the OECD slashes its growth forecasts
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Rolling coverage of the latest economic and financial news
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'This is only the beginning of a major battle', says prosecution lawyer
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A takeover of Footasylum may raise prices and hit choice, says the Competition and Markets Authority.
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Schoolgirl petition for fast food restaurants to remove plastic toys amassed more than half a million signatures
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The move comes as China, the world's biggest pork producer, struggles to contain a swine fever outbreak.
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It was the only criminal case to arise out of the world's worst nuclear disaster since Chernobyl.
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It’s been very difficult after it dropped a cage from a lorry on the back of my vehicle
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Say what you like about Help to Buy, but if economists in the future are ever looking for a case study of how to get a market addicted to a subsidy it has at least provided them with that.
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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.
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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.
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