Construction firm Kier Group is to cut 1,200 jobs as part of its plans to simplify the business and save on costs.
Huawei’s founder has likened his company to a badly damaged plane, and said revenues will be 30 billion US dollars (£24 billion) less than forecast over the next two years.
Babcock has confirmed that it was approached by outsourcing rival Serco earlier this year with a proposal for a mega-merger between the two companies, but the idea was rejected.
Business investment is forecast to contract at a faster rate this year and recover more slowly in 2020 than expected in previous forecasts amid continued uncertainty over Brexit, a new report has predicted.
Superdrug’s sales sizzled as summer temperatures soared last year, but the chain has revealed a dip in annual profits amid “challenging times” for the high street.
Tottenham Hotspur’s new £1 billion stadium will have the highest business rates bill of any football ground in the country, new data shows.
Bank of England policymakers are set to keep interest rates on hold again this week, as economic growth slows sharply after a stock-building boost at the start of 2019.
Oil prices pushed higher on Friday while global markets edged lower, as an attack on two oil tankers prompted fears over supply.
Bosses at energy giant SSE have missed out on an annual bonus this year after the collapse of its merger with npower in 2018.
Dixons Carphone, the retail chain behind Currys PC World and Carphone Warehouse, is set to update the City on its turnaround plans after bosses previously admitted they had been too slow to win over online shoppers.