Virgin Media has demanded media regulator Ofcom launch an investigation into how Premier League TV rights are sold because viewers are paying “the highest prices in Europe”.
The founder of much-hyped social network Ello has rejected criticism that the ad-free service will render it unable to do business in the long-term.
The European Commission has revealed details of its probe into Apple's tax affairs in Ireland, demanding the iPhone giant provides information about whether it has been benefiting from illegal state aid thanks to its low-tax corporate structure in the country.
Troubled payday lender Wonga has revealed a 53 per cent slump in pre-tax profits to £39.7m. However the number of high-cost loans it made in 2013 soared 15 per cent to 4.6million.
Apple's new iPhone 6 and iPhone 6 Plus will go on sale in China next month after the Cupertino giant secured regulatory approval from Chinese authorities amid security concerns.
Shares in taxpayer-owned Royal Bank of Scotland hit an 11-month high today as it said a much-improved economy, especially in Ireland, meant it could make lower provisions for bad debts.
Retailer Next has fashion sales across the high street could be hit this autumn thanks to the driest September on record.
Morrisons’ former group treasurer and head of tax has been charged with insider dealing over trades in Ocado shares which were made around the time the supermarket announced a tie-up with the online grocer.
For the eurozone economy to recover, much now depends on Italy and its banks. Growth is desperately required, politicians have to act and the banks have to lend.
The shouts on the streets of Hong Kong are being heard in Paternoster Square. As protesters took to the streets of the former colony’s business district to call for democracy, traders in London were hitting “sell” on companies that do business in Hong Kong. HSBC was the worst hit, with its shares falling 15.2p to 635p. The emerging markets specialist Standard Chartered ended 19p lower at 1,155.5
Probably most people would agree that the people paid by the US government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained to them by the financiers who create it; and the ever-more common practice among regulators of leav
Balfour Beatty is beginning to look like the Tesco of the contracting world. Britain’s biggest builder unveiled its fifth profit warning in just two years yesterday, informing investors that 2014 earnings will be £75m lighter than previously thought. And, like the tottering supermarket giant, Balfour has called in some external number-crunchers to scrutinise its financial operations (although in
Matalan has rebuffed claims that a photo-shoot of children modelling novelty onesies is racist, after people complained about the only two black children in the image wearing monkey outfits.
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The Coalition Government is throwing its weight behind the so-called sharing economy, as the Business and Enterprise Minister today declaring an ambition to transform the UK into the “global centre” for the nascent industry.
A London start-up that works with the likes of Topshop, Liverpool FC and Thomas Cook has raised $26m (£16m) to export its technology to the US.
Santander UK has appointed former Royal Bank of Scotland finance director Nathan Bostock as chief executive to replace Ana Botin.
For outsiders, the fact that Lloyds, better known for its retail banking operation, was so deeply involved in the Libor fixing scandal came as something of a shock, particularly when it emerged that they were the first to have been discovered ripping off the Bank of England.
Lloyds Banking Group has fired eight people in the wake of the Libor rigging scandal which cost it £218 million in fines earlier this year.
Swiss bank UBS has said it could face “material” fines and costs as it became the first bank to say it was in talks with regulators to settle foreign exchange rigging charges.
Balfour Beatty became embroiled in a fresh crisis after it warned of a new £75 million black hole in its UK profits and called on accountant KPMG to carry out a forensic review of its troubled UK construction arm.
Technology giant Apple will be told tomorrow why it is being investigated in depth by the European Commission, to see whether it benefited from illicit state aid in Ireland.
Animated movie maker DreamWorks would see its movies like How to Train Your Dragon pushed aggressively into the cartoon-loving Chinese market under SoftBank’s plans for Asian domination if the Japanese conglomerate succeeds in buying the famous studio.
Blackberry’s unusual new release has not only set tongues wagging but has revitalised the brand so much that it’s now cleared out of stock.
Italian fashion legend Miuccia Prada and her husband Patrizio Bertelli have today admitted they are being investigated by Italian authorities over past taxes.
Banks in Hong Kong have temporarily suspended operations after clashes between police and pro-democracy protesters in the Asian financial hub continued on Monday.
Banks are still making thousands of poor decisions about whether to lend money to small businesses, according to the banking industry’s own adjudicator.
Mike Coupe looks to have a tough job on his hands when the new Sainsbury’s chief executive presents second-quarter trading figures on Wednesday.
Homeowners and landowners in Scotland, Yorkshire and Lancashire could be in for a £2.5bn windfall, according to the chemical billionaire Jim Ratcliffe, who plans to appease Britons with a share in the spoils of his planned fracking projects.
UK finance chiefs are more willing to take risks than at any time since the dawn of the financial crisis amid economic recovery and easing credit conditions, according to Deloitte.