News: Money

Ryanair cancels flights as pilots go on strike

Friday  18:15,   20 july 2018

Low-cost airline Ryanair has cancelled 24 flights after a quarter of its Irish pilots went on strike. The flights that were cancelled on Friday were between Ireland and the UK.The carrier warned it would cancel another 16 flights next Tuesday if[...]
News / Money

Microsoft sees revenue grow in latest financial results

Friday  15:00,   20 july 2018

The technology giant pointed to growth in its Office and Xbox products as key factors in the figures.The US firm reported total revenue of 30.1 billion dollars (£23.1bn) for the last three months, up from 25.6 billion dollars (£19.7bn) at the same[...]

Is claim that divers found £100 BILLION of gold in Russian shipwreck a SCAM? South Korea probes whether investors are being misled as it emerges the same wreck has been 'discovered' three times

Friday  13:05,   20 july 2018

Serious doubts have emerged over claims by South Korean salvage firm Shinil Group to have located a Russian shipwreck with hundreds of tons of gold bars on board.Shinil Group claimed to have discovered the wreck of Russian warship Dimitry Donskoi on [...]

Poundworld to disappear from high street

Friday  12:21,   20 july 2018

Collapsed budget retailer Poundworld will disappear from the high street next month after its administrators announced the chain's final set of store closures. Administrators Deloitte has said all of Poundworld's 335 stores will likely close by [...]

Noel Edmonds blasts Countdown's Rachel Riley after her appearance in advert for Lloyds bank which the the Deal or No Deal presenter is locked in a legal dispute with

Friday  11:56,   20 july 2018

Rachel Riley, a co-host of Coundown, was targeted by Edmonds after she signed up for a Lloyds campaign, with partner Mental Health UK, to encourage people to speak about their mental health. But Edmonds, embroiled in a bitter legal dispute with the[...]

EU issues stark warning over the consequences of a no-deal Brexit

Friday  08:56,   20 july 2018

<p>The once-unthinkable prospect of a no-deal Brexit has become much more realistic in recent weeks as Theresa May struggles to negotiate with her own[...]

Royal Mail investors emphatically revolt over directors' pay

Friday  08:56,   20 july 2018

Royal Mail was left with a bloody nose today as more than 70 per cent of investors voted down the pay deal for its incoming chief executive at today's annual meeting. Switzerland-based Rico Back will receive a basic salary of £640,000, which is [...]

Pound below $1.30 as heatwave hits retail sales

Friday  01:20,   20 july 2018

The pound has fallen below the $1.30 mark for the first time in 10 months after retail sales figures added to growing market doubts about an August interest rate rise. The Office for National Statistics (ONS) showed sales volumes excluding fuel[...]

The Gaucho and CAU restaurant group has collapsed - CAU is closing and '540 jobs to go'

Friday  01:20,   20 july 2018

The Gaucho and CAU restaurant group has collapsed - CAU is closing and '540 jobs to go'Gaucho Group, owned by private equity firm Equistone, yesterday filed for[...]

Sports Direct profits tumble as tycoon Mike Ashley's bet on department store Debenhams proves costly

Thursday  19:45,   19 july 2018

Sports Direct said it was forced to write off £85m on its near-30 per cent holding in the department store chain, which – after three profit warnings this year – has seen its market cap shrivel to £155.7m.   The blow contributed to a 72.5[...]

Why Mark Zuckerberg says Facebook won’t ban Holocaust deniers and Infowars

Thursday  18:25,   19 july 2018

Facebook chief executive Mark Zuckerberg recently defended the company’s decision to keep the site Infowars on its platform, a prominent right-wing outlet known for spreading conspiracy theories and baseless information. Facebook chief executive[...]

Is the 50p in your pocket worth £5,000?

Thursday  13:56,   19 july 2018

For most people a 50p piece is just another coin to be stuffed in their wallet until it's time to dig it out to pay for something. But for those looking to make a quick return it might to be time to look more closely.A "very rare" 50p coin[...]

Google fined a record $5 billion by the EU for abusing the dominance of Android

Thursday  06:55,   19 july 2018

Google has been fined a record $US5 billion by the European competition watchdog for abusing the dominance of its mobile operating system Android.&nbsp;Google has been fined a record €4.3 billion ($US5 billion/£3.8 billion) by Europe's[...]

1,500 jobs at risk as steak chain Gaucho collapses

Thursday  05:30,   19 july 2018

The crisis engulfing Britain's high streets will deepen on Wednesday when Gaucho, the steak restaurant chain, crashes into administration after its lenders opted not to pursue a rescue deal. Sky News has learnt that the company, which employs[...]

Pound at 10-month low as inflation holds steady

Thursday  04:30,   19 july 2018

The pound has hit a 10-month low versus the dollar after the latest inflation figures were seen as damaging the case for a UK rate rise next month. The Office for National Statistics (ONS) revealed that the consumer prices index (CPI) measure of[...]