Business

Thomas Cook still suffering from heatwave

Image copyright Getty Images Thomas Cook has warned that its annual profits are set to be about £30m lower than expected, its second profit warning in two months. Earnings at its tour operator unit were £88m lower in the year to September, as people delayed booking holidays because of the prolonged heatwave at home. It […]

Business

RBS warns of 'uncertain economic outlook'

Image copyright PA Royal Bank of Scotland has said it is setting aside £100m to deal with “the more uncertain economic outlook”. RBS is among the first big banks to make such a provision in the run-up to the UK’s exit from the EU. Chief executive Ross McEwan told journalists during a conference call: “We […]

Business

Google Pixel 3 phones launch during privacy storm

Image copyright Google Image caption Google has opted to keep to one rear camera on the new phones despite an industry trend for two or more Google has launched its latest smartphones under the shadow of a data exposure scandal. The Pixel 3 handsets introduce new photography features including a much higher-quality digital zoom than […]

Business

UK's 'no-deal' Brexit plans warn of credit card fees

Image copyright Reuters Image caption Brexit Secretary Dominic Raab said he hoped the no-deal preparations would be “rendered redundant” by an agreement with the EU Brexit Secretary Dominic Raab has set out what he called “practical and proportionate” advice in case the UK leaves the EU without a deal. The guidance includes instructions for businesses […]

Business

Indra Nooyi to step down as PepsiCo chief executive

Image copyright Getty Images PepsiCo chief executive Indra Nooyi is to step down after 12 years at the helm. She is among the world’s most prominent female business leaders and has consistently appeared on Forbes’ list of the 100 most powerful women, ranking 11th in 2017. PepsiCo shares have risen 78% since she took the […]

Business

Hundreds of Carillion apprentices lose their jobs

Image copyright Carillion Almost 350 apprentices at the collapsed construction giant Carillion are to lose their jobs. The Insolvency Service says 341 of them have been given their notice and will stop being paid at the end of August. The industry training body CITB has been unable to find them apprenticeships with other companies. The […]

Business

How Jeff Bezos took Amazon to the top

Image copyright Getty Images Image caption Jeff Bezos in 1997, the year Amazon became a public company Perhaps Jeff Bezos had a crystal ball. Two decades ago, he foresaw a future when a click would conjure anything from pet food to caviar; malls would fade in popularity; and shops would have to offer entertainment or […]

Business

UK government borrowing at 11-year low

Image copyright Getty Images Government borrowing in the April-to-June period fell to its lowest level since 2007, official figures show. Borrowing for the financial year so far has reached £16.8bn, £5.4bn less than in the same period in 2017, the Office for National Statistics said. June’s borrowing figure fell to £5.4bn, which was down from […]