us-shares-hit-record-as-fed-chair-signals-rate-cut

US shares hit record as Fed chair signals rate cut

Image copyright Reuters US shares hit a record after the head of the central bank hinted at an interest rate cut to bolster growth.Federal Reserve chairman Jerome Powell said "uncertainties about the outlook have increased in recent months".The benchmark S&P 500 surged past 3,000 points for the first time, while the Dow Jones and Nasdaq…
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No-deal Brexit 'could put 40,000 jobs at risk' in NI

Image copyright Getty Images Image caption The report says many jobs could "disappear almost overnight, especially in industries such as agri-food and haulage". A no-deal Brexit could put 40,000 jobs at risk in Northern Ireland, according to new analysis from Stormont's Department for the Economy.The report says many jobs could "disappear almost overnight, especially in…
superdry-founder-promises-revival-after-85m-loss

Superdry founder promises revival after £85m loss

Image caption Julian Dunkerton co-founded Superdry in 2003 Superdry founder Julian Dunkerton says he is trying to "steady the ship" after the fashion retailer reported an £85m annual loss.Mr Dunkerton returned to the firm in April, after a lengthy campaign against the previous management, who he said had a "misguided" strategy.As well as reporting a…
chinese-ethnic-group-biggest-earners-in-the-uk

Chinese ethnic group biggest earners in the UK

Image copyright Getty Images Chinese and Indian ethnic group workers have higher average earnings than their white British counterparts, the first detailed official figures show.But the data on the ethnicity pay gap, showed all other ethnic groups have lower wages than white British workers.The Office for National Statistics said employees in the Bangladeshi ethnic group…
could-the-next-euro-crisis-come-from-italy

Could the next euro crisis come from Italy?

Media playback is unsupported on your device Media captionIgnazio Visco: The markets are making us pay for uncertaintyWhile it's easy to get distracted by trade wars or Brexit uncertainty, there's a financial iceberg on the horizon that could threaten all our well-being.Over the years, Italy's government has built up more than £2 trillion of debt…
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Ocado says Andover warehouse fire cost more than £100m

Image copyright HFRS Online delivery firm Ocado has revealed that the fire which ripped through its Andover warehouse in February cost £110m.The company has already claimed millions of pounds back from its insurers and eventually expects to be able to reclaim all the cost.Even so, the cost of the fire in Hampshire drove it to…