June 25, 2020

£400m for R&D projects as arts sector return outlined

Seven research and innovation projects are receiving more than £400m in government funding.
June 25, 2020

Shopping centre giant Intu nears collapse

The survival prospects of Britain's biggest shopping centre-owner diminished on Thursday night amid fading hopes that lenders would grant the company an eleventh-hour reprieve.
June 25, 2020

Ex-Redcentric bosses face prosecution after FCA probe

Former bosses of Redcentric, an IT software provider, are to face criminal proceedings brought by the City watchdog, it will announce on Friday when it concludes a long-running investigation into the company's finances.
June 25, 2020

Lufthansa shareholders back government bailout to secure airline’s future

Lufthansa shareholders have backed a €9bn (£8.1bn) government rescue package to secure the future of Germany's flagship airline.
June 25, 2020

Coronavirus and gloomy jobs figures have brought US markets back down to earth

Those on Wall Street who fretted that US equity markets had rebounded too strongly and too rapidly from their March lows are finally having their moment in the sun.
June 25, 2020

‘Nice words’ not enough to address ethnicity pay gap in big employers

Workers from ethnic minorities are not on a level playing field and action is needed rather than "nice words" to tackle pay discrimination, according to the author of a 2017 review into race in the workplace.
June 25, 2020

Wirecard files for insolvency a week after revealing €1.9bn black hole

Payments firm Wirecard has filed for insolvency proceedings a week after disclosing that €1.9bn (£1.7bn) had gone missing.
June 25, 2020

Barclays faces conflict question over £200m Mitie share sale

Barclays is facing questions over a possible conflict of interest by being paid to help Mitie, the outsourcer, raise £200m to fund the purchase of a company that the bank partly owns.
June 25, 2020

Ericsson: We can replace Huawei in UK’s 5G network

Swedish telecoms company Ericsson has said it would be capable of replacing all of the Huawei equipment in the UK's 5G network if the British government decides to ban the Chinese vendor.
June 25, 2020

Huawei named on Pentagon list of firms backed by Chinese military

Telecoms firm Huawei has been named on a list of companies that the Trump administration says are owned or controlled by the Chinese military.
June 25, 2020

Mitie confirms Interserve deal – but it could mean job cuts

Outsourcer Mitie has agreed to buy rival Interserve's facilities management arm for £271m - but the deal could cost hundreds of jobs.
June 25, 2020

Royal Mail to cut 2,000 jobs as coronavirus adds to ‘challenges’

Royal Mail is to cut 2,000 jobs in a management restructuring prompted by the "additional challenges" of the coronavirus pandemic.