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Global markets slip amid North Korea tension

ByNathan BissittAugust 9, 2017

US stocks joined the downward trend after investors were left rattled by President Donald Trump’s “fire and fury” warning to North Korea. Mr Trump’s words had come overnight Tuesday, UK time, in an escalation of tensions between the two

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Final Tata Steel pensions deal 'days away'

ByNathan BissittAugust 9, 2017

An announcement is expected within days that would see Tata separate its UK pension scheme from the businesses.It could mean the potential merger between the company and the German steel producer, ThyssenKrupp is more likely to move forward.The £15bn British Steel

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Jaguar Landrover reports 14% drop in UK sales

ByNathan BissittAugust 9, 2017

Britain’s biggest car maker has reported a 14% drop in sales in the UK but strong growth in China. Jaguar Landrover (JLR) said it had seen a sharp fall in underlying profits due to higher costs and pay increases. Profit before tax and one-off items was £157m,

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Mazda hails more efficient petrol engine

ByNathan BissittAugust 9, 2017

Japanese carmaker Mazda has developed a more efficient petrol engine at a time when the industry steers toward electric vehicles. It said the compression ignition engine was up to 30% more fuel-efficient than its current engines. It plans to sell cars with the new

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Card payments show highest growth since 2008

ByNathan BissittAugust 9, 2017

There were nearly 1.4 billion payments made by card in June, an increase of 12% over the last year, according to new figures. UK Finance said the figure for June, the latest available, represents the highest annual rate of growth since June 2008. Contactless payments

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Customers 'furious' with TNT after cyber-attack meltdown

ByNathan BissittAugust 9, 2017

When Leah Charpentier ordered a vintage coffee table, on 8 June – a birthday present for her brother – she didn’t think it would take more than six weeks to be delivered.She also didn’t expect for the furniture to arrive with one of its casters

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Tata to clinch £15bn steel pensions deal

ByNathan BissittAugust 9, 2017

Tata Steel is within days of clinching a deal to detach its £15bn British Steel Pension Scheme (BSPS) – a move that could pave the way for it to merge its European operations with a German rival. Sky News has learnt that the Indian steelmaker is aiming to announce on

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G4S slides as FTSE 100 tumbles

ByNathan BissittAugust 9, 2017

Security group G4S was the biggest faller on the FTSE 100 in early Wednesday trading despite reporting a 7.6% rise in first-half profit.The firm saw its shares slide 3.7% after chief executive Ashley Almanza said it would sell off more underperforming assets this

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Vantiv seals £9.3bn takeover of Worldpay

ByNathan BissittAugust 9, 2017

UK-based payments processing firm Worldpay has formally agreed to a £9.3bn takeover by US rival Vantiv though the newly-enlarged business will retain the British company’s name. The deal creates a global giant with a combined value of £22.2bn, 57% owned by

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Worldpay seals £9bn merger with US rival Vantiv

ByNathan BissittAugust 9, 2017

US payment processing giant Vantiv has agreed to merge with Worldpay in a deal which values its UK rival at £9.3bn ($12.1bn; 10.3bn euros).It comes after the firms announced an initial agreement last month.Vantiv shareholders will own a majority 57% of the combined