Goals rebuffs Mike Ashley over investigation of accounting blunder
Goals Soccer Centres has rebuffed efforts from Sports Direct owner Mike Ashley to hire an investigator of his choice to tackle its recent accounting crisis.
UK and abroad
Tesco admits hundreds of ex-staff hit by redundancy payment errors
Tesco has overpaid and underpaid hundreds of staff who were recently let go in the latest round of redundancies at the supermarket.
Mulberry swings to loss amid House of Fraser woes
Luxury brand Mulberry had a difficult year in its UK business as the collapse of House of Fraser took its toll.
Lloyds boss a ‘winner’ who deserves his pay deal, says top bank executive
A top executive at Lloyds Banking Group has claimed chief executive Antonio Horta-Osorio is a “winner” with “charisma” who deserves his controversial pension perks and pay deal.
Activist investor misses the bus for FirstGroup board nomination
An activist investor in rail and bus business FirstGroup has failed to file the correct paperwork as part of an attempt to force out six directors, including the chief executive.
Profits slump at housebuilder Berkeley amid cost rises and Brexit uncertainty
Housebuilder Berkeley Group reported a slump in annual profits, as the housing sector continues to be weighed down by cost rises and Brexit uncertainty.
Over-50s’ holiday favourite Saga blames Brexit for fall in bookings
Saga has added its name to the list of travel companies to complain that the political uncertainty around Brexit has sent bookings plummeting.
Inflation cools in May as travel price rises slow
UK inflation cooled off in May as price rises for travellers slowed down during the lull after the Easter rush, new figures showed.
Premier Inn owner Whitbread sees sales drop as Brexit woes bite
Premier Inn owner Whitbread has revealed a sharp drop in UK sales as Brexit uncertainty continues to take its toll on business travel.
Bank warns of more job cuts and reveals Virgin Money rebrand within two years
Clydesdale and Yorkshire Bank owner CYBG warned of further potential job cuts as it hiked cost savings from the Virgin Money takeover and revealed plans to call time on its 175-year-old brands within two years.
‘Eight hours’ work a week most effective employment dose for mental well-being’
Just one day of work per week is the most “effective dose” to give the mental health benefits of paid employment, research suggests.
Goals Soccer Centres confirms Deloitte appointment amid sale speculation
Troubled five-a-side football pitch business Goals Soccer Centres has confirmed its has hired advisers to assess future options, which could see a sale of the listed firm.
Tesco trialling delivery robot in technology push
Tesco has revealed that it is testing a delivery robot, as it detailed a raft of new ideas for the supermarket’s future development.
Serpentine Galleries boss quits amid row over husband’s tech firm role
The boss of London’s Serpentine Galleries has quit, claiming she was forced out due to “misjudged personal attacks” on her family over her husband’s involvement with a controversial tech firm.
Inflation expected to cool off as travel boost unwinds
Inflation is expected to have slipped in May, following an Easter boost to transport prices in the previous month.
City watchdog launches investigation into suspended Woodford fund
A formal investigation has been launched by the City watchdog into Neil Woodford’s suspended equity income fund in the latest blow for the under-pressure investment guru.
Former BHS owner in court over tax fraud charges
Former BHS owner Dominic Chappell has appeared in court to face charges of a £500,000 tax fraud and allegedly buying two yachts to launder money.
Threat to 180 jobs as Allied bakeries halts production in Cardiff
Around 180 jobs are at risk at Allied Bakeries after the Kingsmill bread-maker revealed plans to stop production in Cardiff.
Everything you need to know about Facebook’s cryptocurrency
Facebook has announced its own form of cryptocurrency called Libra alongside a digital wallet named Calibra, which will allow users to pay for everyday items directly using their smartphone.
Facebook to launch cryptocurrency and digital wallet in 2020
Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphone.
Utility Warehouse owner Telecom Plus gains customers
Utility Warehouse owner Telecom Plus attracted higher numbers of customers last year, as the company said it was poised to take advantage of the “challenging” energy marketplace.
Worms developer Team17 ups full-year outlook on strong first half
Videogame developer Team17 Group has seen shares jump after upping its earnings and revenues outlook for the full year thanks to strong sales of new and old titles.
Ashtead profits and revenue rise as acquisitions boost growth
Equipment rental firm Ashtead Group has reported another quarter of solid growth, putting its annual profits and revenue well ahead of last year.
Gatwick Airport cheers long-haul growth as annual earnings rise
London’s Gatwick Airport has reported a 7.3% hike in annual earnings as it saw rising long-haul demand boost passenger numbers.
Sotheby’s to be acquired by French-Israeli media mogul for £2.95bn
Auction house Sotheby’s has announced it has signed an agreement to be purchased by French-Israeli media mogul Patrick Drahi for £2.95 billion.
Ex-BHS owner Dominic Chappell faces court over tax evasion charges
Former BHS owner Dominic Chappell is to appear in court on Tuesday accused of tax evasion and buying two yachts to launder money.
Gig economy insurance firm raises £33m for expansion
A tech firm that offers insurance to gig economy workers like Deliveroo riders and Uber drivers has raised 42 million US dollars (£33 million) in funding, the company said.
London markets jump amid slump in value of sterling
The FTSE 100 has been buoyed by a dip in the value of the pound, as sterling’s rally on foreign exchange markets fizzled out on Monday.
Ex-Premier Foods boss Gavin Darby handed £863,000 payout
Former Premier Foods boss Gavin Darby received an almost-£1 million payout after he was axed by the Mr Kipling-maker earlier this year.
Hargreaves Lansdown boss turns down bonus over Woodford fiasco
The boss of Hargreaves Lansdown (HL) will not take a bonus this year due to the ongoing saga at Neil Woodford’s investment vehicle, the company has said.
Ofcom pledges to stamp out unfair mobile, broadband and TV practices
Telecoms watchdog Ofcom has launched a new set of guidelines for broadband, phone and TV companies as it pledges to stamp out unfair practices in the industry.
Leon to open 12 new restaurants in Roadchef service stations
Healthy fast food chain Leon is set to open 12 new restaurants in motorway service stations across the UK.