Business Archive

Foxconn finalises Sharp takeover

Taiwanese manufacturer Foxconn says it has finally agreed a deal to take over struggling Japanese electronics company Sharp. Foxconn said the deal

Weak US consumer spending expected to delay interest rate rise

Fresh evidence of subdued consumer spending and soft inflation in the US has bolstered expectations that the Federal Reserve will hold back

Royal Mail raises first class stamp price to 64p

The cost of a first class stamp will rise to 64p this week, taking the price increase to 100% over the past

China sees industrial profits grow at start of 2016

China’s industrial profits returned to growth in the first two months of 2016, partly due to a recovery in the property market

Financial sector confidence about UK economy drops sharply

Fears over the UK’s faltering economic outlook have been underlined by a survey showing a sharp drop in confidence among financial services

Savers withdraw £6bn from retirement funds after pension reforms

Savers have withdrawn almost £6bn from their retirement funds after the introduction of pension reforms last year. New industry figures show that

Pop-up village in south-east London to house homeless families

A council in south-east London has created what it describes as “the UK’s first pop-up village” to house families who are forced

Hinkley Point C nuclear deal contains £22bn ‘poison pill’ for taxpayer

The Hinkley nuclear power deal contains a “poison pill” which could leave taxpayers with a £22bn bill if a future UK government

Sainsbury’s confirms £1.4bn Home Retail bid as Steinhoff pulls out

Sainsbury’s has tabled a £1.4bn takeover of Home Retail Group after South African retail group Steinhoff ditched plans to make a rival

Billionaire arms deal fixer Wafic Saïd weighs up Barclays lawsuit

Wafic Saïd, the billionaire philanthropist and arms deal fixer, is considering legal action against Barclays after the bank forced him to close