Pound sinks to lowest level against dollar since 1985 as sterling also down against euro
Sterling tumbled to a fresh 37-year low against the dollar and a 17-month trough on the euro after weaker-than-expected retail…
Competition and Markets Authority opens probe of Microsoft’s $75bn Activision buyout
The UK competition regulator has opened an in-depth investigation into Microsoft’s $75bn acquisition of video game maker Activision Blizzard, the…
Chancellor Kwasi Kwarteng to present mini Budget next week
Chancellor Kwasi Kwarteng will deliver a mini Budget on September 23 after MPs agreed to delay the start of their…
John Lewis warns staff bonus could be axed this year in current economic outlook
John Lewis has again warned its staff there may not be a bonus this year, citing a “uniquely uncertain” economic…
Adobe to buy design group Figma for $20bn
Adobe has agreed to buy business-to-business design company Figma for $20bn in cash and stock, as the software giant looks…
Retail sales continue year-long downward spiral amid cost of living crisis
Retail sales fell by much more than expected in August as the cost of living crisis dragged on demand for…
A.F.C. Bournemouth takeover possible as US consortium prepares £150m bid
A Las Vegas-led consortium is pushing to buy A.F.C Bournemouth, the PA news agency understands. The club’s owner, Maxim Demin,…
People race to exchange paper banknotes before deadline
Consumers are racing to exchange their old paper banknotes for new plastic versions, just over a fortnight before they cease…
Uber investigating computer network breach
Uber said on Thursday it is responding to a cybersecurity incident, after the New York Times reported that a hack…
UK Amazon warehouse workers are balloted for strike action over pay
Amazon workers at a Coventry warehouse will become the first in the UK to take part in a formal strike…