Business Archive

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Savers have withdrawn almost £6bn from their retirement funds after the introduction of pension reforms last year.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

China’s Anbang and Blackstone in $6.5bn US hotel deal

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

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

Eurozone industrial production grew at its highest rate in more than six years during January, driven by a sharp increase in output