Business

Little has been heard from Mohamed Fayed during the last decade. He sold Harrods to Qatar Holdings as long ago as May 2010 and...

Mohamed Al Fayed has died at the age of 94. Al Fayed’s passing comes just one day after the 26th anniversary of his son’s...

Comparing the UK economy with its pre-pandemic size has become an almost totemic way of highlighting its sluggish performance post-COVID. It has certainly been...

House prices fell by 5.3% in the year to August – a worse-than-expected drop, according to Nationwide. This means the typical home is now...

The energy regulator has lifted maximum compensation payment levels available to households and businesses from storm-related power cuts. Ofgem said they could now claim...

Swiss banking giant UBS has reported a record pre-tax profit of $29bn (£22.8bn) in the latest quarter following its takeover of Credit Suisse. The...

The Bank of England’s chief economist has warned there is a risk of “unnecessary damage” being inflicted if interest rates increase too much. Huw...

Google will reveal its latest rival to Apple’s iPhone at an event on 4 October. The search giant announced the date for its own...

The owner of HMV is finalising a deal to rescue the majority of Wilko’s operations, salvaging more than 8,000 jobs at the stricken high...

Swiss banking giant UBS has reported a record pre-tax profit of $29bn (£22.8bn) in the latest quarter following its takeover of Credit Suisse. The...

A former chief executive of Prudential is the leading candidate to become the next boss of St James’s Place (SJP), the FTSE-100 wealth manager....

Hundreds of job losses at Wilko have been confirmed after a bid to buy the entire business fell through. Administrators PwC said 269 roles...

The UK car industry has declared it is “recovering” after production last month rose by almost a third compared to a year ago. The...

Job losses at Wilko could be announced on Thursday after an offer to buy the entire business reportedly failed to “pass basic checks”, according...

Mortgage approvals dropped almost 10% last month, new Bank of England figures show. The net decrease – from 54,600 in June to 49,400 in...

The new chief executive of Future is to sever ties with its business-to-business operations in a signal of his plans for the owner of...

The number of house and flat sales in the UK this year is set to be the lowest in a decade, according to new...

Redundancies among Wilko’s 12,500-strong workforce have been suspended while further bids for the collapsed retailer are considered, a union has said. The GMB said...

The housing secretary Michael Gove is planning a major change to rules on waterway pollution in a bid to build thousands more homes in...