Business and Economics
Business and Economics News
London banks braced for no-deal Brexit as jobs and billions in assets to leave UK
One bank moved around 200 billion euros (£184 billion) of assets from London to Frankfurt.
Walmart received £1.1bn Asda dividend weeks before UK Covid lockdown
The pay-out also came weeks before grocery demand soared due to customer stockpiling as coronavirus cases started to sharply rise across the UK.
No-deal: Nissan source warns there is no Plan B as 60% of Kent businesses not prepared
"We have got the pandemic where people are hanging on by their fingertips in some areas. We have had four years to get a deal and, yes, businesses are cross.”
UK economic growth slows sharply in October with difficult year ahead as Brexit deadline looms large
The British Chambers of Commerce (BCC) warned over a difficult year-end for the economy, with the December 31 Brexit deadline also looming large.
Nearly half of small firms to cut jobs amid Brexit as Covid-19 woes ‘push so many to the brink’
"The overwhelming view of the clients we support is they fear not being able to comply with the myriad of new regulations which could be coming down the line."
Britain in the midsts of a high street bloodbath as Arcadia collapse triggers Debenhams liquidation
Around 25,000 retail jobs now hang in the balance.
‘Moral case for the Green family to do the right thing’ and cover Arcadia pension shortfall
"If only someone had flagged up 'Sir' Philip Green's tendency to run businesses onto the ground before."
Get your wallet out Phil? 15,000 jobs at risk as Sir Philip Green’s Arcadia retail empire ‘nears collapse’
Arcadia could tumble into administration as soon as Monday, Sky News reported on Friday.
Reactions as #BuyNothingDay trends online although retailers expect ‘biggest Black Friday yet’
"Today is black Friday. Overconsumption is wrecking present and future living conditions and the planet itself."