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Tata Steel clinches deal on pension scheme

ByNathan BissittAugust 11, 2017

Tata Steel has clinched a deal to detach its £15bn British Steel Pension Scheme (BSPS) in a move described as offering greater certainty for its 130,000 members. The announcement, confirming a Sky News exclusive earlier this week, could also pave the way for the

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Npower loss as it battles customer exodus

ByNathan BissittAugust 11, 2017

Big Six gas and electricity supplier npower slipped to a €12m (£11m) loss for the first half of the year as it battled a customer exodus, owner Innogy said. The German company added that the business faced a “sword of Damocles” hanging over the sector

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Eggs scandal: EU food safety chief calls for end to 'blaming'

ByNathan BissittAugust 11, 2017

Media playback is unsupported on your device The EU’s food safety commissioner has called for an end to countries “blaming and shaming” each other, after eggs were found to contain traces of an insecticide dangerous to humans.Vytenis Andriukaitis

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FTSE 100 down as shares hit by US-North Korea tensions

ByNathan BissittAugust 11, 2017

The UK’s stock market has opened lower as worries over the situation between the US and North Korea continue to rattle investors.On Thursday, Donald Trump said North Korea should be “very, very nervous” if it acted against the US.The UK’s FTSE

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Nationwide urges lending caution as slowdown looms

ByNathan BissittAugust 11, 2017

The boss of Nationwide has warned banks and building societies will have to “balance carefully” the way they lend to squeezed households as a possible economic slowdown looms. Chief executive Joe Garner said that while consumers were becoming more worried

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EU calls emergency egg contamination summit

ByNathan BissittAugust 11, 2017

The European Commission has called for an emergency summit to deal with the fallout of the contaminated eggs scare. Millions of eggs have been recalled across Europe after traces of a moderately toxic insecticide, fipronil, was found in batches from Dutch farms. About

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Men from poor backgrounds 'twice as likely to be single'

ByNathan BissittAugust 11, 2017

Men from poor backgrounds are twice as likely to be single in their early 40s than those from rich families, research suggests. The Institute for Fiscal Studies (IFS) also found this group were likely to earn less and marry women with lower incomes. It said the trends

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Snapchat shares tumble as results fall short

ByNathan BissittAugust 11, 2017

Shares in the owner of Snapchat have fallen by 17% after its latest quarterly results fell short of Wall Street expectations amid worries about competition from the likes of Instagram. Losses widened nearly fourfold compared to the same period last year, to $443m, but

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WeChat, Weibo and Baidu under investigation

ByNathan BissittAugust 11, 2017

China’s largest social media platforms – Weibo, WeChat and Baidu Tieba – are under investigation for alleged violations of cyber security laws. The Office for Cyberspace Administration said the three platforms had failed to police content on their

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Uber investor sues ousted CEO alleging fraud

ByNathan BissittAugust 11, 2017

Uber’s former boss, Travis Kalanick, who was ousted following a revolt by major shareholders is being sued by one of its largest investors. Benchmark Capital, which owns 13% of the ride-hailing company, has accused Travis Kalanick of fraudulently trying to pack