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NatWest becomes latest UK bank to report sharp drop in profits
NatWest Group has become the latest UK banking giant to report a sharp drop in earnings for the first three months of the year.The lender said pre-tax profits in the first quarter of 2024 were £1.3bn – a fall of nearly 28% on the same period a year ago. However, the figure was better than …
Business
Euro News
Oligarch sanction setbacks are no big deal, Brussels says
Business
Euro News
France’s Casino supermarket chain to cut 3,200 jobs following takeover
Business
Sky News
There’s a new trade war brewing – over global dominance in the electric car market
There’s a trade war brewing between China and the West, at stake is who will dominate the global market for electric vehicles.Outside the port city of Ningbo, Chinese car company Zeekr is rolling out luxury EVs and growing fast. The factory has only been up and running for three years, but this year it’s more …
Business
Sky News
Russia sanctions-busting? Big questions remain over UK car exports
The extraordinary, unprecedented and largely unexplained flows of millions of pounds of British luxury cars into states neighbouring Russia continued in February, according to new official data.Some £26m worth of British cars were exported to Azerbaijan in February, according to data from HM Revenue & Customs. The numbers show that in the latest quarter this …
Business
Sky News
Double glazing giant Everest crashes into administration
One of Britain’s biggest double-glazing suppliers has crashed into administration, leaving insolvency practitioners engaged in a race to salvage hundreds of jobs.Sky News has learnt that Everest, which has been owned by the prominent financier Jon Moulton’s investment firm Better Capital for more than a decade, called in administrators this week. ReSolve, a professional services …
Business
Euro News
Miner Anglo American rejects BHP’s ‘opportunistic’ takeover bid
Business
Sky News
‘This isn’t over’: Unions vow to fight rejection of plan to save Tata Steel jobs
Unions have warned of a bitter fight ahead after their plans to avert thousands of job losses at Tata Steel were rejected by the company.Tata had announced in January a consultation on cutting up to 2,800 jobs in the UK, the majority of them at the country’s biggest steelworks in Port Talbot, South Wales. It …
Business
Euro News
AstraZeneca reports bumper revenue in Q1 2024 on strong drug demand
Business
Sky News
Former Post Office complaints handler defends knowledge of Horizon failings
A former top Post Office executive has told the Horizon scandal inquiry she never “knowingly” did anything wrong and did not remember a 2010 email saying that cash balances in sub-postmasters’ branch accounts could be remotely accessed. Angela van den Bogerd, who held various roles over 35 years at the organisation, made the comments after …
Business
Euro News
Back in profit: mixed results from Barclays beat expectations
Business
Sky News
Supercar maker McLaren hit by £375m impairment charge
McLaren Group, the British supercar maker and Formula One team-backer, has given lenders signs of an improvement in its financial performance even after a £375m impairment charge propelled it to a record loss last year.Sky News has learnt that McLaren has told bondholders that it made losses of £873m in the 12 months ending 31 …

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