Business

Laura Ashley profit warning as sales slump

Image copyright Getty Images Laura Ashley has warned investors that it will post profits lower than it had forecast for the financial year. It also said it made zero profit for the last six months of 2018 as sales fell 4.2%. “Trading conditions have been difficult,” the company said. While fashion sales increased, furniture and […]

Business

Lloyds Bank says profit jumps 24%

Image copyright Getty Images Lloyds Banking Group said profit for 2018 jumped 24% to £4.4bn. The increase has been helped by cost cutting, including branch closures. Still, the bank set aside another £750m for payment protection insurance payments, taking its total to £19.4bn. “The UK economy has proven itself to be resilient with record employment,” […]

Business

When class sizes fall so does teachers' pay

Image copyright Getty Images Making class sizes smaller sounds like a success story. But an international analysis of its impact shows unintended consequences – it often seems to mean lower pay for teachers and there isn’t much evidence that it brings better results. Reducing class sizes has been a popular policy in many countries, often […]

Business

Gender pay gap grows at hundreds of big firms

Image copyright Getty Images Four in 10 private companies that have published their latest gender pay gap are reporting wider gaps than they did last year, according to BBC analysis. The BBC looked at a company’s median pay gap – that is the difference in pay between the middle-ranking woman and the middle-ranking man. This […]

Business

Ford scales back in South America

Image copyright Getty Images Image caption Ford has operated its Sao Bernardo do Campo plant since 1967 Ford has said it will close a factory in Brazil after more than 50 years as it stops selling heavy commercial trucks in South America. The US carmaker said it saw “no viable path to profitability” for the […]

Business

UK farmers promised 'no deal' protection

Image copyright Getty Images Environment Secretary Michael Gove has promised that the government will apply tariffs to food imports in the event of a no-deal Brexit, to provide “specific and robust protections” for farmers. His remarks come as the government is poised to release details of tariffs (taxes on imports) that would apply to thousands […]

Business

Estonia orders Danske Bank branch to shut

Image copyright Reuters Estonia has told Danske Bank to close its branch in Tallinn before the end of 2018 after a money-laundering scandal. Chief executive Thomas Borgen resigned last year after an investigation into payments of about €200bn (£174bn) which were made through the branch. The bank said many of those payments were suspicious. The […]

Business

Fashion designer Lagerfeld dead at 85

Image copyright Getty Images Image caption Karl Lagerfeld once called himself “the Joan of Arc of design” Superstar fashion designer Karl Lagerfeld has died, aged 85, in Paris, French media have reported. The German designer, who was the creative director for Chanel, was one of the industry’s most prolific figures in the industry, and worked […]