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RBS likely to avoid compulsory sale of Williams & Glyn

The European Commission has accepted a UK government plan to free Royal Bank of Scotland from an obligation to sell its Williams & Glyn division.The sale of about 300 branches was a condition of the £45.5bn bailout of RBS in 2008 during the financial crisis.RBS struggled to find a …

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Foxconn expected to announce multi-billion dollar investment

Foxconn, the Taiwanese firm that works closely with technology firm, Apple, plans to build a multi-billion dollar plant in Wisconsin, US media are reporting.US President Donald Trump, who put boosting US manufacturing at the heart of his election campaign, is expected to make the announcement on Wednesday.Foxconn has previously …

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UK economic growth rate edges slightly higher

UK economic growth edged slightly higher in the three months to June, as a stronger service sector offset weaker manufacturing and construction.The Office for National Statistics (ONS) said the economy expanded by 0.3% in the quarter, up from 0.2% in the previous three months.But the ONS added there had …

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Premier League wins anti-piracy court order

The Premier League has been awarded a High Court order for the forthcoming 2017-18 season, which will help it combat the illegal streaming of games.The blocking order will require UK Internet Service Providers (ISPs) to prevent people from illegally accessing streams of its matches.It will allow the league to …

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GSK's new boss moves to revive R&D 'rigour'

Emma Walmsley is not letting the grass grow under her feet. Just three months after she became chief executive of GlaxoSmithKline, Ms Walmsley today unveiled her priorities for the UK’s premier drug-maker, at the centre of which a major shake-up whose consequences are likely to be long-lasting. The headline …

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