Business

Brexit worries 'add to car insurance costs'

Image copyright Getty Images Car insurance costs are climbing for the first time since 2017, partly because of Brexit uncertainty, according to the AA. Over the last three months, the cost of a fully comprehensive policy climbed 2.7% to £609.93 on average. Premiums have also climbed because an expected cut in claims costs won’t now […]

Business

Can pubs stand many more Dry Januarys?

Image copyright Rocket Leisure/ Graham Turner Image caption The Old Street Records bar in Shoreditch “As a small independent bar group, we do feel a hit at the start of the year,” says Tom Jackman, director of the Northcote, Venn Street and Old Street Records bars in London. In January people are naturally recovering from […]

Business

Reality Check: Has immigration hit wages?

The claim: Immigration has held down wages in the UK. Reality Check verdict: Current research suggests there was a small, negative impact on the wages of low-skilled workers, which was outweighed by other factors such as the impact of the financial crisis and rises in the minimum wage. In a Brexit speech, Leave campaigner and […]

Business

Murdoch asks to merge Times titles

Image copyright Getty Images Image caption Rupert Murdoch bought the Times titles in 1981 Rupert Murdoch’s The Times and The Sunday Times newspapers are asking the government for permission to share resources, including journalists, between the two titles. The application to the Department for Digital, Culture, Media and Sport (DCMS) is necessary as legal undertakings […]

Business

Amazon issues no-deal advice to UK sellers

Image copyright Getty Images British businesses trading on Amazon have been advised to take steps in preparation for a no deal Brexit to ensure they can continue selling to customers in the EU. The online retail giant has informed UK sellers no deal “may temporarily prevent cross-border trade.” Britain is scheduled to leave the EU […]

Business

Black Friday steals Christmas shoppers

Image copyright Getty Images UK retail sales fell by more than expected in December after consumers brought forward their Christmas shopping to November, the Office for National Statistics has said. Sales volumes fell by 0.9%, more than the 0.8% forecast by economists. It comes after the surprise 1.4% rise in November when Black Friday discounting […]

Business

Ryanair issues profit warning as fares fall

Image copyright Getty Images Ryanair has cut its profit forecast blaming lower-than-expected air fares. The airline’s chief executive, Michael O’Leary, said Ryanair could not rule out even lower fares, which are expected to fall 7% this winter. He said the low fares were already causing problems for rivals, including Flybe which was rescued last week. […]

Business

Nissan says former boss received $9m in 'improper payments'

Image copyright Getty Images Nissan and Mitsubishi said Carlos Ghosn received “improper payments” totalling 7.8m euros ($8.9m) from a joint venture between the carmakers. The findings were released following a joint investigation by the two companies. Mr Ghosn, former chairman of both firms, has been detained since November on charges involving financial crimes. Both companies […]