Consumer confidence back at Brexit vote low

Consumer confidence has returned to a level not seen since the immediate aftermath of the shock Brexit vote, according to a closely-watched survey. The measure, compiled by market research specialists GfK, pointed to falls in people’s expectations in each of the five main categories bar one this month. The …

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PwC warned over Vodafone audit 'conflict'

The world’s biggest auditor is facing fresh questions over its independence after a powerful shareholder adviser warned of a possible conflict of interest in its relationship with Vodafone. Sky News has obtained a report by Institutional Shareholder Services (ISS) highlighting PricewaterhouseCoopers’ (PwC) dual role as auditor to Vodafone and …

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The $89bn man

Amazon founder Jeff Bezos briefly overtook Bill Gates on Thursday to become the world’s richest person, as his worth hit $91.4bn (£70bn).A sharp rise in Amazon shares meant Mr Bezos’s wealth eclipsed that of the Microsoft co-founder for a time according to Forbes.But as Amazon shares fell back, Mr …

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Air France-KLM is buying 31% of Virgin Atlantic

Media playback is unsupported on your device Air France-KLM is buying almost a third of Virgin Atlantic, leaving Sir Richard Branson’s parent company, Virgin Group, with a minority stake in the airline he founded.Air France-KLM is taking a 31% stake, worth £220m, in Virgin Atlantic as part of a …

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Bezos richer than Gates after Amazon share surge

Amazon founder Jeff Bezos topped Bill Gates as the world’s richest person when the firm’s shares surged in New York on Thursday, Forbes estimated. If the 1.6% increase holds until the New York Stock Exchange closes, Mr Bezos’ net worth will be $90.6bn (£69.3bn), compared to Gates’ $90.7bn (£69.23bn). …

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