Business

Sky receives £22bn formal takeover offer from Comcast

Image copyright Sky US cable TV giant Comcast has made a formal £22bn bid for Sky, which values the broadcaster at £12.50 a share. The move threatens Rupert Murdoch’s attempts to take full control of the pay-TV group. His 21st Century Fox had already agreed to buy the 61% of Sky it does not already […]

Business

Viagogo faces legal action by consumer watchdog

Image copyright Getty Images Image caption The manager of the Arctic Monkeys has called for Viagogo to be shut down Ticket reseller Viagogo faces legal action after failing to make changes sought by the consumer watchdog. The Competition and Markets Authority said rival resellers StubHub, GetMeIn and Seatwave had agreed to provide better information about […]

Business

GoCompare advert encouraged four-year-old to eat coins, says watchdog

Image copyright GoCompare A television advert from comparison site GoCompare has been banned from daytime broadcast because of a “dangerous practice”. The commercial featuring a cash-eating monster prompted a complaint from a mother of a four-year-old child who swallowed coins after watching it. The Advertising Standards Authority ruled the ad might encourage young children to […]

Business

Boohoo online fashion chain sees sales and profits surge

Image copyright Boohoo Online fashion firm Boohoo has reported strong full-year sales and profits. The group saw a 97% leap in revenue to £579.8m in the year to March, as pre-tax profit rose 40% to £43.3m. Growth was helped by the recently acquired Pretty Little Thing, which experienced a 228% rise in sales to £181.3m. […]

Business

Lloyds Bank profits jump by 23% to £1.6bn

Image copyright Getty Images Lloyds Banking Group has said it has made a “strong start” to 2018, with profits for the first three months of the year jumping by nearly a quarter. It made pre-tax profits of £1.6bn, 23% higher than the same time last year. But it said it had put aside another £90m […]

Business

Whitbread to spin off Costa chain as a separate firm

Image copyright WHITBREAD Whitbread is to split off Costa, the UK’s biggest coffee chain, as a separate firm, after activist pressure. The demerger will be “pursued as fast as practical and appropriate” to optimise value for shareholders. “We will ensure prior to separation each business is sufficiently developed and well-positioned,” said Whitbread chairman Adam Crozier. […]

Business

TSB mobile and online 'up and running'

Image copyright Getty Images TSB customers, hit by the bank’s massive computer failure, can now access their accounts on mobile and internet platforms. But the bank has limited the number of people who can get into their accounts at any one time, because it expects a surge in customers trying to use it. The bank’s […]

Business

Shire recommends Takeda's revised £46bn takeover offer

Image copyright Reuters Pharmaceutical giant Shire will recommend a revised £46bn ($64bn) takeover offer by Japan’s Takeda Pharmaceutical to its shareholders. The development marks a breakthrough in the takeover talks which included five offers by Takeda since late March. The sweetened cash and stock offer would provide $30.33 in cash for each Shire ordinary share. […]

Business

WhatsApp to raise minimum age limit to 16 in EU

Image copyright Getty Images Popular messaging service Whatsapp is banning under-16s from using its platform in the European Union. Users must currently be at least 13, but the firm is changing the rules ahead of the introduction of new EU data privacy regulations in May. The app, which is owned by Facebook, will ask users […]

Business

Loan sharks face fresh government crackdown

Image copyright Getty Images Image caption Some 300,000 people are in debt to illegal money lenders in the UK The government is stepping up its crackdown on illegal money lenders who target vulnerable people. The Treasury has earmarked £5.5m, up 16% on last year, to pay for investigations and prosecutions of “nasty lenders” and “lowlife […]

Business

Gucci sales surge as turnaround continues

Image copyright Getty Images Image caption Creative director Alessandro Michele has made Gucci’s clothes quirkier Surging demand for Gucci clothes and handbags boosted sales at parent company Kering in the first three months of the year. It follows a major revamp at Gucci – Kering’s biggest brand – under creative director Alessandro Michele. Kering, which […]

Business

End doubts over diesel's future, says Ford boss

Media playback is unsupported on your device Media captionAndy Barratt of Ford UK says lack of clarity has caused job losses Uncertainty about the future of diesel is threatening the UK car industry and leaving drivers in limbo, according to Ford’s UK boss. Andy Barratt said consumers were buying fewer diesel cars, fearing they were […]