News: Money

Shopping visits see 'unprecedented' decline

Tuesday  05:40,   15 may 2018

Visits to Britain's shops saw an "unprecedented" decline in the last two months - worse even than at the height of the financial crisis - new figures show. Footfall was down by 3.3% in April compared with last year following a 6% drop [...]

The curious case of how a 9-year-old self-proclaimed cocaine dealer became an Instagram influencer

Monday  17:35,   14 may 2018

Lil Tay foul mouth shines a light on how easy it is for children can create their own social media presences without regulation."This is why all y'all f----- haters hate me b----," Lil Tay says in a squeaky, prepubescent voice. "This s--- cost me[...]

Carillion used suppliers to prop up business: MPs

Monday  14:26,   14 may 2018

Carillion executives used suppliers to "prop up their failing business model" according to MPs investigating the collapse of the construction and outsourcing firm. They said evidence from lender Santander showed the company had used its[...]

New Mothercare boss to lay bare retailer’s woes

Monday  13:09,   14 may 2018

A consensus of City analysts forecast the group will post a 95% fall in underlying pre-tax profits to just £1 million in the year to March. The figure compares with a profit of £19.7 million last year.It will come alongside an update on[...]

Dignity posts solid first-quarter results

Monday  12:30,   14 may 2018

The funerals group reported earnings of £37.5 million, in line with the previous year.Load[...]

British Gas owner Centrica affirms 2018 targets as cold weather props up demand

Monday  11:57,   14 may 2018

British Gas owner Centrica (CNA.L) on Monday reaffirmed its 2018 targets citing higher energy demand from colder-than-usual weather and a slowdown in net consumer customer account losses. Net consumer customer account losses have slowed materially[...]

No Brexit deal 'will up fish and chip prices'

Monday  10:40,   14 may 2018

Prices at fish and chip shops across the UK will have to increase to cover a rise in the cost of cod if Britain crashes out of the EU with no free trade deal, according to a new report. In the event of a hard Brexit, investment bank Rabobank claims [...]

HSBC says performs first trade finance transaction using blockchain

Monday  10:25,   14 may 2018

HSBC Holdings Plc said on Monday it had performed the world's first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade. HSBC[...]

Luxury goods giant LVMH leads Lyst deal

Monday  07:20,   14 may 2018

The luxury goods behemoth behind brands such as Christian Dior and Fendi is leading a multimillion-pound injection of funds into Lyst, the UK-based fashion search engine. Sky News has learnt that LVMH, the champagne-to-perfumes conglomerate, will[...]

‘Publicity shy’ petrochemicals entrepreneur named UK’s wealthiest person

Monday  05:35,   14 may 2018

Petrochemicals boss Jim Ratcliffe tops this year’s Sunday Times Rich List.Jim Ratcliffe, 65, chief executive of Ineos, topped the Sunday Times Rich List with a fortune of £21.05 billion, leapfrogging his way from 18th place[...]

Steve Jobs Had No Idea Apple Would Make a Health Device Called Apple Watch

Sunday  16:40,   13 may 2018

In February 2016, an unremarkable quartz Seiko watch from the 1980s was sold for a jaw-dropping $42,500 (£31,375) in an auction, only because it once belonged to Steve Jobs, the late Apple founder.&nbsp;<br>But according to Jony Ive, Apple’s[...]

Poundworld future in doubt as owner plans sale

Sunday  15:25,   13 may 2018

The fate of thousands more high street employees is in doubt this weekend after the owner of Poundworld ditched a rescue plan and put the discount chain up for sale instead. Sky News has learnt that TPG, the American private equity backer of[...]

WH Smith apologises for £8 hospital toothpaste

Sunday  13:41,   13 may 2018

Other essentials including nappies and mouthwash were also heavily marked up in price, the Telegraph reported. On Saturday, the retailer said it had reviewed pricing across its stores and found that a computer glitch on a certain line of products[...]

Chocolate war: Waitrose accused of copying wavy bars

Sunday  04:10,   13 may 2018

Waitrose has been accused of "crossing the line" by allegedly copying a premium confectioner's design for a new range of chocolate bars. Hotel Chocolat said the supermarket chain's recently launched Luxury Chocolate Bar own-label[...]

Tesla says top vehicle engineer Doug Field is 'taking time off' amid Model 3 production woes

Saturday  16:55,   12 may 2018

Tesla's senior vice president of engineering, Doug Field, is leaving the company for an unspecified time.Late Friday, The Wall Street Journal and Bloomberg reported that Field wasstepping back from his duties at Tesla, amid ongoing production[...]