Author: Nathan Bissitt

Low pay is “endemic” in the UK with few workers managing to progress into better paid jobs, according to a new study. Just one in six (17%) of those on low pay managed to move permanently up the salary scale over the last decade, the report from the Social

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British financial institutions in South Africa may have been used as conduits for laundered money, a former Cabinet minister has suggested. Ex-Northern Ireland secretary Lord Hain said that Chancellor Philip Hammond had agreed that the matter would be looked into.

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A battle for control of the publisher of The Scotsman and i newspapers will be ignited this week when a top shareholder unveils a plan to unseat the majority of its board – including its chief executive and finance director. Sky News has learnt that Custos,

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Britain’s biggest debt collector has lined up the boss of Wonga to steer it through a London flotation expected to value it at £1bn. Sky News has learnt that Andy Haste, the former RSA Insurance chief executive, is to be unveiled as the new chairman of Cabot

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The owner of the Wagamama restaurant chain is preparing to swallow Britain’s biggest operator of go-kart tracks, even as concerns about the consumer spending outlook dampen investors’ enthusiasm for leisure and retail industry deals. Sky News understands

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That is the conclusion from the news that consumer goods giant RB, formerly known as Reckitt Benckiser, is reorganising itself into two divisions. One division, RB Health, takes in heathcare brands including Neurofen, Strepsils, Gaviscon, Clearasil and Dettol, as well

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The High Court has heard shareholders in Lloyds were “mugged” when the bank recommended buying Halifax Bank of Scotland (HBOS) at the height of the financial crisis. The allegation was made by the barrister representing a group of 5,803 former Lloyds TSB

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Shares in regional carrier Flybe have plunged by as much as 19% after a profit warning saw it become the latest airline to hit turbulence. Flybe said it had incurred higher than expected costs in the first half of its financial year after a review of aircraft

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FTSE 100 mining giant Rio Tinto has been fined a record £27m by the City watchdog over “inaccurate and misleading” financial statements after an African coal investment turned sour. The Financial Conduct Authority (FCA) said it was the highest fine it had

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Amazon and eBay have defended themselves as a report by MPs accuses online marketplaces of profiting from VAT evasion. The Public Accounts Committee was particularly scathing of the taxman, saying HM Revenue & Customs (HMRC) had failed to get to grips with the

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