95238638 p04xfy5x - Ceramics boss: 'We are looking at the US'
Business

Ceramics boss: 'We are looking at the US'

With Theresa May set to invoke Article 50 on Wednesday, kickstarting the process for the UK to leave the EU, BBC News asks if businesses are changing their strategies to cope with Brexit. Paul Farmer, boss of Wade Ceramics in Stoke-on-Trent, says he has been on several visits to the US as he increasingly looks […]

95339922 97366456 - Councils 'face funding gap' to fix roads
Business

Councils 'face funding gap' to fix roads

Image copyright Getty Images One in six roads across England and Wales are in such a bad state they must be repaired within the next five years, according to local authorities. The Annual Local Authority Road Maintenance survey (ALARM) found that 17% of roads were in “poor” condition. The government is planning to invest £1.2bn […]

85984932 hi029514676 - 'Bond King' Bill Gross settles Pimco feud for $81m
Business

'Bond King' Bill Gross settles Pimco feud for $81m

Image copyright Reuters Image caption Bill Gross has been nicknamed the “Bond King” from making good bets on US Treasury bonds Star trader Bill Gross has ended a “family disagreement” with his former firm Pimco, in a settlement worth an estimated $81m (£65m). The billionaire, dubbed Wall Street’s “Bond King”, sued Pimco after his abrupt […]

95342142 capture - New £1 coin's 'hidden' security feature
Business

New £1 coin's 'hidden' security feature

Image copyright Royal Mint The new 12-sided £1 coin – which comes into circulation on Tuesday – has a hidden security feature to make it difficult to counterfeit. It is thought to involve material inside the coin itself which can be detected when electronically scanned by coin-counting or payment machines. But officials at the Royal […]

95347799 485066249 - Tesco shareholder opposes £3.7bn Booker takeover
Business

Tesco shareholder opposes £3.7bn Booker takeover

Image copyright Getty Images One of Tesco’s biggest shareholders is urging the supermarket to drop a £3.7bn takeover of food wholesaler Booker amid claims it is paying too much. In a letter to Tesco’s chairman John Allan, Schroders said the “high price” being paid for Booker would destroy value for investors. The deal brings together […]

95341601 capturasdfasfasdfe - McDonald's worker, 94, says she will never leave
Business

McDonald's worker, 94, says she will never leave

Image copyright Twitter Image caption Maurer was honoured by her co-workers and customers last Thursday A 94-year-old American is celebrating more than four decades of working at McDonald’s restaurants. Loraine Maurer of Evansville, Indiana, works two shifts per week, 44 years after joining the hamburger chain. The nonagenarian great-grandmother first joined in 1973 after her […]

87160300 gettyimages 500823836 - Dow and Dupont merger gets EU go-ahead
Business

Dow and Dupont merger gets EU go-ahead

Image copyright Getty Images Image caption Margarethe Vestager cleared Dow’s merger with DuPont The European Commission has given the go-ahead to the merger of US chemical giants Dow Chemical and DuPont. The deal values the merged company at $130bn (£103bn) and is expected to lead to cost savings of $3bn. The EC’s approval is dependent […]

90289863 tgw4st0l - UK banks given new stress test scenarios
Business

UK banks given new stress test scenarios

Image copyright AFP The UK’s biggest banks have been told to prepare for a wide range of challenges, as part of the Bank of England’s latest stress tests. One key test will be to prove they can manage any sudden slowdown in foreign interest in UK assets. The banks will have to show they have […]

95330898 hurricanecrew976 - Hurricane makes 'largest undeveloped' oil find in UK waters
Business

Hurricane makes 'largest undeveloped' oil find in UK waters

Image copyright Hurricane Energy An oil exploration firm has made what it has described as the “largest undeveloped discovery” of oil in UK waters. Hurricane Energy said one billion barrels of oil could be contained within the Greater Lancaster Area, 60 miles (97km) west of Shetland. The company hopes to begin production in 2019. Dr […]

89208906 89208905 - Wood Group extends contract with Premier Oil in £40m deal
Business

Wood Group extends contract with Premier Oil in £40m deal

Image copyright Premier Oil Image caption The deal will see the Wood Group provide maintenance for the Solan field which lies about 85 miles west of Shetland, as well as the Balmoral FPV Oil Services company Wood Group has secured a £40m contract to deliver energy services to two North Sea platforms. The two-year deal […]

Business

FTSE 100 falls as pound jumps against dollar

Image copyright Getty Images UK shares started the week lower as the pound jumped to a seven-week high against the US dollar. The dollar was weaker against most currencies following the defeat of Donald Trump’s planned healthcare reforms on Friday. Analysts say the failure to push the reforms through has raised questions over whether Mr […]