uk-economic-growth-hits-six-month-low

UK economic growth hits six-month low

Image copyright PA Growth in the UK's economy slowed in the three months to November, expanding at its weakest pace in six months. The economy grew by 0.3% during the period, less than the 0.4% in the three months to October, the Office for National Statistics (ONS) said.The ONS said manufacturers suffered their longest period…
flybe-rescued-by-virgin-and-stobart

Flybe rescued by Virgin and Stobart

Image copyright Empics Flybe is being bought for £2.2m by a consortium including Virgin Atlantic and Stobart Group.It will operate under the Virgin Atlantic brand, marking a return by Virgin to domestic flights, following a failed attempt five years ago.Based in Exeter, Flybe carries around eight million passengers a year from airports such as Southampton,…
universal-credit-two-child-benefit-cap-to-be-relaxed

Universal credit: Two-child benefit cap to be relaxed

Image copyright AFP/Getty Images Image caption Amber Rudd will make her first major welfare speech on Friday Around 15,000 families with three or more children will not have their universal credit capped, the work and pensions secretary will say on Friday.A two-child limit on the benefit came into effect in April 2017 - but did…
jaguar-land-rover-confirms-4500-job-cuts

Jaguar Land Rover confirms 4,500 job cuts

Media playback is unsupported on your device Media captionChief executive Ralf Speth says Jaguar Land Rover is 'facing unprecedented disruption'Jaguar Land Rover (JLR) has confirmed it is cutting 4,500 jobs, with the substantial majority coming from its 40,000 strong UK workforce. Most will be in office roles as the company wants to simplify its management…
ashley-votes-to-remove-debenhams-bosses-from-board

Ashley votes to remove Debenhams bosses from board

Image caption Sergio Bucher joined Debenhams from Amazon The chief executive of Debenhams has been voted off the retailer's board, but will remain in his role, the troubled retailer has said.Two major shareholders, Mike Ashley's Sports Direct, and Landmark Group, voted against Mr Bucher's re-election.The board said it had "full confidence" in plans put in…
mamps-and-debenhams-report-falling-christmas-sales

M&S and Debenhams report falling Christmas sales

Image copyright Getty Images Debenhams has reported a sharp fall in sales during the crucial Christmas trading period.Debenhams said customers had been seeking discounts and left their shopping late. It said sales fell 5.7% in the 18 weeks to 5 January.Marks and Spencer also reported a fall in sales over Christmas, down 2.2%.Tesco said sales…