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Ex-BHS owner Dominic Chappell fined £87,000

Image copyright Getty Images Image caption Dominic Chappell is accused of failing to provide information to the Pensions Regulator The former boss of BHS will have to pay a £50,000 fine and £37,000 in costs for failing to provide information about the collapsed chain’s pension schemes. Dominic Chappell was today sentenced after he was found […]

RBS reports first profit in 10 years

Media captionRBS profit ‘very symbolic’ says RBS chief executive Ross McEwan Royal Bank of Scotland has returned to profit for the first time in a decade as it continues its recovery. Chief executive Ross McEwan told the BBC it was “a really symbolic moment.” The bank, which is majority-owned by the taxpayer, made an annual […]

British Rail could be revived under Labour

Image copyright Getty Images Labour could bring back British Rail as part of its renationalisation plan, with shadow chancellor John McDonnell promising “full integration, as best we can” between track and train. Management of the network – track, signalling and major stations – was split from train operations during the break-up of British Rail in […]

William Hill pushed into loss by Australia writedown

Image copyright PA William Hill has been pushed into an annual loss after slashing the value of its Australian business. The bookmaker reported a pre-tax loss of £74.6m for 2017, compared with a profit of £181.3m the year before. That change was mainly due to a £238m charge the company took to write down the […]

Kylie Jenner ‘sooo over’ Snapchat – and Wall Street panics

Image copyright Getty Images Reality TV star Kylie Jenner wiped $1.3bn (£1bn) off Snap’s stock market value after tweeting that she no longer used its Snapchat messaging app. Celebrity Kim Kardashian’s half-sister posted: “sooo does anyone else not open Snapchat anymore? Or is it just me… ugh this is so sad.” Snap’s shares sank after […]

Standard Life Aberdeen sells insurance business for over £3bn

Image copyright Standard Life Aberdeen One of the UK’s oldest insurance companies is to be sold for £3.24bn. Standard Life Assurance Limited, which was founded in 1825, is being purchased by Phoenix Group. Announcing the deal, parent company Standard Life Aberdeen (SLA) said it would receive £2.3bn in cash and a 19.9% stake in Phoenix. […]

Kylie Jenner ‘sooo over’ Snapchat – and Wall Street panics

Image copyright Getty Images The stock market value of Snap, owner of the Snapchat messaging app, fell $1.5bn after reality TV star Kylie Jenner said she no longer used it. Ms Jenner told her 24.5 million Twitter followers: “sooo does anyone else not open Snapchat anymore?” She was adding her powerful social media voice to […]

What kind of away day would help ministers crack Brexit differences?

Image copyright Team Tactics Eleven government ministers are meeting at Chequers to hammer out a policy on Brexit. It’s a kind of Whitehall away day. The idea hope is that by bringing them together in a fresh setting, it will help overcome what seem like insurmountable differences. Sceptics will doubt just how much long-lasting trust […]

Women earn up to 43% less at Barclays

Image copyright Getty Images Female employees earn up to 43.5% less at Barclays than men, according to gender pay gap figures it has submitted to the government. Only 28 of the 1,154 companies that have reported the figures have a higher median hourly pay gap than Barclays. Barclays chief executive Jes Staley said it had […]

UK economic growth revised downwards

Image copyright Getty Images The UK economy expanded by less than previously thought in the last three months of 2017, official figures say. GDP grew by 0.4% in the October-to-December period, the Office for National Statistics (ONS) said, down from the initial estimate of 0.5%. The revision was due to slower growth in production industries, […]

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