Business Archive
Financial sector confidence about UK economy drops sharply
Subhadip
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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
Subhadip
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Savers have withdrawn almost £6bn from their retirement funds after the introduction of pension reforms last year.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
Subhadip
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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
Subhadip
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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
Subhadip
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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
Subhadip
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Wafic Saïd, the billionaire philanthropist and arms deal fixer, is considering legal action against Barclays after the bank forced him to close
China’s Anbang and Blackstone in $6.5bn US hotel deal
Subhadip
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China’s Anbang bought New York’s famous Waldorf-Astoria hotel from Blackstone in 2015 Chinese insurer Anbang has agreed to buy a US luxury
Oil price falls as Iran rejects output freeze deal
Subhadip
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Oil prices have fallen by nearly 3% after Iran put off plans to join nations proposing a freeze on production. Oil minister
Eurozone industrial output rises 2.1% on Ireland surge
Subhadip
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Eurozone industrial production grew at its highest rate in more than six years during January, driven by a sharp increase in output