News from Business

Interserve: Major government contractor 'seeks second rescue deal'

Interserve: Major government contractor 'seeks second rescue deal'

One of the UK's largest providers of public services is seeking a rescue deal as it struggles with £500m of debt, according to the Financial Times. Interserve, which works in prisons, schools, hospitals and on the roads, said it might look for new...

BBC, Saturday, 14:25
 
Rail firms add extra services and pledge to avoid further chaos

Rail firms add extra services and pledge to avoid further chaos

Hundreds of additional daily train services are due to be introduced across Britain from Sunday, as the rail industry vowed it was learning the lessons from the debacle of the last timetable change in May. The number of timetable changes has been...

Guardian, Saturday, 08:20
 
Ethical gifts: let your money work for a small business

Ethical gifts: let your money work for a small business

It’s the ethical Christmas gift that offers a financial helping hand to people trying to survive in the toughest conditions. Lendwithcare gift vouchers allow Britons to loan relatively small sums of money to people in 11 countries – including...

Guardian, Saturday, 08:20
 
Aviva vows end to car and home insurance loyalty rip-off

Aviva vows end to car and home insurance loyalty rip-off

Britain’s biggest insurer, Aviva, is promising to give loyal car and home insurance customers the same or better price at renewal as new customers. It will also drop the extra amount usually charged for paying monthly rather than annually. The company...

Guardian, Saturday, 08:20
 
'I got into alcohol addiction and debt, but with help I turned things around’

'I got into alcohol addiction and debt, but with help I turned things around’

Name: Barry Deacon Age: 39 Income: £16,000 Occupation: Nightshift support worker for youth housing programme When I was 18 I started drinking alcohol because all my friends did. I started drinking on weekends, then weekends turned to days. When my...

Guardian, Saturday, 07:40
 
What Christmas gifts should I get for nieces and nephews?

What Christmas gifts should I get for nieces and nephews?

Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper. My partner and I both come from large families – and now have more than 20 nieces...

Guardian, Saturday, 07:40
 

Funds firm looks to give lift to family businesses

A specialist funding provider has launched what is being billed as “the UK’s first family finance review” after its survey showed a majority of people believe the high street is dying due to unsupportive local and national government. Capital Step...

Scotsman, Saturday, 02:08
 
Wall Street ends lower after a down week

Wall Street ends lower after a down week

US share indexes fell by more than 2% on Friday, as uncertainty continued to roil financial markets. The declines extended losses from earlier in the week and hit nearly every sector, led by technology firms. The Dow Jones index and S&P 500 both...

BBC, Friday, 22:18
 
Huawei: The rapid growth of a Chinese champion in five charts

Huawei: The rapid growth of a Chinese champion in five charts

Huawei is the poster child for China's dynamic tech sector. It has grown phenomenally in recent years, from a small manufacturer of telephone exchange switches, to become a global leader in the tech industry. While the brand is familiar to many from...

BBC, Friday, 22:18
 
UK 'will need to cut taxes or boost spending at next downturn'

UK 'will need to cut taxes or boost spending at next downturn'

The government will need to cut taxes or boost spending when the next economic downturn arrives, according to two former Bank of England officials who said the central bank was low on firepower. The former deputy governors Rachel Lomax and Sir Charles...

Guardian, Friday, 18:48
 
Oil prices rise on planned Opec cuts

Oil prices rise on planned Opec cuts

Major oil producers have agreed to cut production by more than one million barrels per day in a bid to boost energy prices. Opec members, as well as countries allied with the cartel led by Russia, announced the plans on Friday, sending the price of...

BBC, Friday, 18:16
 

Ted Baker chief takes ‘voluntary leave of absence’

Fashion house Ted Baker has announced its embattled boss Ray Kelvin will take a voluntary leave of absence following fresh allegations about his conduct. The business, which has its roots in Scotland, said its board had been made aware of “further...

Scotsman, Friday, 17:55
 
Ted Baker founder Ray Kelvin to take leave of absence

Ted Baker founder Ray Kelvin to take leave of absence

Ted Baker founder Ray Kelvin is taking a leave absence from the fashion company after the board said it had been made aware of “further serious allegations” that it would be investigating. In a statement issued to the stock market just before it...

Guardian, Friday, 17:29
 
Oil prices recover as Opec and allies agree to cut output

Oil prices recover as Opec and allies agree to cut output

Oil prices have rallied as the world’s major producers agreed a deeper-than-expected cut in output on Friday, recovering the losses of the previous day, when oil-rich states failed to reach a deal. Opec and allies including Russia, which together...

Guardian, Friday, 17:29
 
Let’s move to Bangor, County Down: cheery charm and Belfast’s smart set

Let’s move to Bangor, County Down: cheery charm and Belfast’s smart set

What’s going for it? Bangor is quite the surprise. I’m not sure what I was expecting but I think it involved grey pebbledash. The town is full of cheer. Victorian townhouses painted the colour of sweeties. Freshly paved streets with perky new trees,...

Guardian, Friday, 16:44
 


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