nissan-60m-in-doubt-after-investment-u-turn

Nissan £60m in doubt after investment U-turn

Image copyright Nissan Nissan will be forced to reapply for nearly £60m of taxpayer support after backtracking on a promise to build its X-Trail SUV in Sunderland.A letter from the government to Nissan, written in 2016, revealed that the Japanese carmaker would only get the money if it made the car in the UK. The…
uk-approves-vijay-mallya-extradition-to-india

UK approves Vijay Mallya extradition to India

Image copyright AFP/Getty UK Home Secretary Sajid Javid has approved the extradition of Indian business tycoon Vijay Mallya, who faces fraud charges back home.The move comes two months after a London court ruled that he should be sent back for trial.Mr Mallya, whose business empire once included Kingfisher beer, left India in March 2016 after…
ryanair-posts-loss-amid-winter-competition

Ryanair posts loss amid winter competition

Image copyright Getty Images Ryanair posted a net loss of €19.6m (£17.2m) for the last three months of the year as fierce competition forced it to cut fares.The airline carried 32.7 million passengers compared with 30.4 million for the same period a year earlier as revenue rose 9% to €1.53bn.But the airline said "excess winter…
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'If you hire the wrong people they can bleed you dry'

What are the dangers to your company if you pick the wrong team of managers? It could come close to meltdown. That's what happened to the Anglo-American start-up WANdisco. Founder and CEO David Richards recruited directors from the world's most prestigious tech corporations, but they started spending far more than his firm could afford. Video…
why-are-accountants-getting-their-sums-wrong

Why are accountants getting their sums wrong?

Image copyright Getty Images Image caption PwC was fined £6.5m for its audit of collapsed retailer BHS When bosses at the top four audit firms were asked by Parliament last week whether they were happy with the quality of the audits they were performing, only one could bring himself to say yes.And his firm, PwC,…
nissan-chooses-japan-over-uk-to-build-new-x-trail-car

Nissan chooses Japan over UK to build new X-Trail car

Image copyright Getty Images Image caption The Sunderland plant opened in 1986 Nissan has confirmed that the new X-Trail originally planned for its Sunderland plant will instead be made in Japan.In a letter to workers, it says continued Brexit uncertainty is not helping firms to "plan for the future". In 2016 the carmaker said it…