Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • Morrisons will not adopt 'fake-farm food' brands

    August 9, 2017 5:21 PM 27

    Supermarket group Morrisons has pledged not to sell own-label "fake-farm" food. It defines this as brands that can give a misleading impression that food comes from a British farm, market or farming town which may not even exist. It said a meat brand it had created called Hemsley was a play on the name of a North Yorkshire farming town. The National

  • DIRECTOR'S DEALS: Telit Communications boss Oozi Cats buys £687,500 worth of shares

    August 8, 2017 9:02 PM 8

    The boss of Telit Communications took advantage of a crash in the firm’s value to purchase £687,500 worth of shares. Oozi Cats helped restore investors’ faith yesterday after it emerged he bought 400,000 shares at an average price of 171.8p. He now owns more than 16.5m shares, or 12.6 per cent, of the company’s market capital. Shares fell by more than 40 per cent on Monday

  • Waitrose becomes the latest supermarket chain to cut the price of sanitary products by paying the tampon tax themselves

    August 8, 2017 2:37 PM 7

    Waitrose today became the latest supermarket chain to announce it will pay the cost of the tampon tax and pass the savings on to its customers. The retailer is following in the footsteps of Tesco, which last week announced it will foot the bill of the five per cent tax - the reduced VAT rate levied on tampons. George Osborne last year announced plans

  • Google Fires Employee Who Wrote 10-Page Anti-Diversity Manifesto

    August 8, 2017 1:11 PM 8

    Google has fired James Damore, the engineer who wrote and shared a 10-page internal memo criticizing the company’s efforts to increase diversity and decrying a “politically correct monoculture” that he blamed for a misguided effort to achieve proportional representation in the workplace. The memo, entitled “Google’s Ideological Echo Chamber,” has created

  • DAILY BRIEFING: British household wealth hit £10.5trillion last year

    August 7, 2017 8:50 PM 7

    WEALTH UP British household wealth rose to £10.5trillion last year, according to research by Lloyds Private Banking. PPI PAYOUTS Banks have handed out £27.4billion in PPI compensation since 2011, the Financial Services Authority has revealed. LOCKER ROOM Self-storage firm Lok’n Store Group is moving into sites in Bedford and Dover. They are scheduled

  • Tesco's cheapest carrier bag to cost 10p

    August 7, 2017 10:03 AM 36

    Tesco will stop the sale of 5p carrier bags across the UK in three weeks' time, and will instead offer 10p "bags for life" to shoppers. Tesco sells about 700 million single-use carrier bags a year, the highest among the major supermarkets, but sales will end in stores on 28 August. The supermarket said the decision followed a trial which led to a 25% cut in bag sales

  • The new rules that will radically change the way organisations have to look after our personal data

    August 7, 2017 9:56 AM 9

    A new EU regulation comes into force today governing how organisations should handle and protect our personal data. Social media firms will be required to delete information on children and adults when asked under new laws aimed at giving people a greater “right to be forgotten” online. The Data Protection Bill will make it simpler for people to control

  • More than 1,000 jobs to go at Sainsbury's HQ as part of £500m cost-cutting drive

    August 6, 2017 8:51 PM 7

    Sainsbury's is axing more than 1,000 jobs at its head office as part of a £500million cost-cutting drive. The firm, which employs more than 3,000 staff outside its stores, has hired a team of top consultants from McKinsey to draw up a staff reduction plan – according to reports. Sainsbury's is based in Holborn, London but also has a separate HR centre

  • Financier Guy Hands pumps £13.3m into his country house hotel chain to plug losses

    August 5, 2017 8:51 PM 7

    Financier Guy Hands injected £13.3 million of cash into his loss-making country house hotel chain last year, to add to the millions he has already invested in the company. Hand Picked Hotels, run by his wife Julia, owns 20 hotels across the British Isles, including the Grand Jersey hotel and spa and Bailbrook House, Bath. Guy Hands put in the funds via Alscot

  • Delays warning ahead of £800m Waterloo station revamp

    August 4, 2017 5:23 PM 37

    Rail passengers face three weeks of disruption as a major engineering project at the UK's busiest train station begins on Saturday. The £800m revamp will close 10 platforms at London Waterloo as the station prepares for longer trains and creates extra space for passengers. South West Trains said it will be operating a significantly reduced service until