Author: Nathan Bissitt

Rolls-Royce will cut 4,600 managerial and support jobs as the jet engine maker introduces its latest restructuring plan.  Most of the jobs to be axed will hit the UK hardest, where the FTSE 100 company employs 23,000 out of a global workforce of 50,000. A third of the

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The Federal Reserve raised interest rates for the second time this year and signalled “strong” economic growth would mean a faster pace of rate hikes this year.  The central bank raised its benchmark rate by a quarter point to a range of 1.75% to 2%, as

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Apple has said it will change iPhone settings to block a method used by police and intelligence agencies to break into devices. The tech giant said it was aiming to protect all customers, especially those in countries where phones are routinely obtained by police or

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US cable giant Comcast has launched a $65bn cash bid for 21st Century Fox’s entertainment businesses, setting up a battle with Disney which has offered $52bn in stock. Comcast says its cash bid – of $35 per share – for most of Fox’s assets is

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Homeowners in England with leasehold properties are being slapped with costly “permission fees” to make improvements, according to consumer campaigning body Which? The fees included £252 to own a pet and £60 to put up a doorbell, it said. Leasehold

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The billionaire hedge fund manager and Tory donor Crispin Odey has declared war on the board of a London-listed‎ electronic invoicing group in a bid to oust its bosses. Sky News has learnt that Odey Asset Management, which is one of the largest shareholders in

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Carmaker Volkswagen says it has been fined almost €1.2bn by German authorities in connection with the diesel emissions scandal. Volkswagen said in a statement Wednesday it would accept the fine imposed by prosecutors in the German city of Braunschweig. Prosecutors

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Almost a third of WPP investors have failed to support the firm’s pay plans, which could see former boss Sir Martin Sorrell pick up almost £20m over the next five years, depending on company performance. The advertising giant’s AGM in London was shown the

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Low-cost airline Ryanair is to open a new base at Southend Aiport next April. The Essex hub will be the point of departure to eight countries on 16 routes, including Barcelona, Corfu, Milan and Venice. One million Ryanair passengers a year are likely to pass through

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The second-largest player in Britain’s rent-to-own sector has put itself up for sale as the City watchdog examines a price cap in another area of high-cost credit. Sky News has learnt that PerfectHome, which is owned by Cabot Square Capital, is in talks with at least

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