Gupta empire facing UK fraud probe over Greensill

image copyrightGetty Imagesimage captionSanjeev Gupta, head of GFG AllianceThe business empire of Liberty Steel owner Sanjeev Gupta is under investigation by the Serious Fraud Office (SFO).The probe is over suspected fraudulent trading and money laundering, including its financing arrangements with failed company Greensill Capital UK.Greensill, a major lender to Mr Gupta's business, collapsed in March.GFG…

Amazon set to hire 10,000 UK workers

image copyrightGetty ImagesUS tech giant Amazon is to go on a hiring spree in the UK as online shopping continues to boom in the pandemic.Amazon is to hire 10,000 UK employees as it opens more warehouses in the north and south of England.It is also creating a number of corporate roles in Cambridge, Edinburgh, London…

Last Debenhams stores close their doors

By Emma SimpsonBusiness correspondent, BBC Newsmedia captionFormer staff reminisce about life at their town's Debenhams branchThe last remaining Debenhams are closing their doors on Saturday, more than 240 years after the department store began trading.Shoppers have flocked to the last remaining outlets to pick up bargains in closing-down sales.But the last 28 stores will now…

Debenhams: 'It's only fixtures and fittings, we'll still be friends'

The department store chain Debenhams closes for business this week, after more than 200 years in retail. We spoke with two women who have both worked at the chain’s Mansfield store since the 1970s, to hear their perspective.Digital video by Emma Simpson, Joe Barrett and Dougal Shaw

Portugal to allow UK tourists from Monday

British tourists will be allowed to enter Portugal from next Monday, the Portuguese authorities have announced.Portugal is on the UK's "green" list for unrestricted travel from then, but there had been confusion over whether the Portuguese would reciprocate.Coronavirus is still causing concern in Portugal and the country has extended its state of calamity to 30…

Gupta-owned bank faces possible liquidation

image copyrightGetty ImagesWyelands Bank, part of the empire of beleaguered businessman Sanjeev Gupta, is facing possible liquidation.The development comes after Mr Gupta decided not to inject further funds into it.Wyelands belongs to Mr Gupta's GFG Alliance group, the largest client of Greensill Capital, which collapsed in March.The move adds to the uncertainty surrounding GFG, which…