Sky News Business

December 14, 2017
M&S profits plunge 62% on store closure costs

M&S profits plunge 62% on store closure costs

Marks and Spencer (M&S) has revealed steep falls in annual sales and profits, hours after accelerating its store closure programme.

Timing of Easter helps inflation drop to 2.4%

Timing of Easter helps inflation drop to 2.4%

The rate of inflation has fallen unexpectedly to 2.4% - driven by the early Easter holiday bringing down air fare prices in April compared to last year.

Gaucho owners plot sale as Cau cull looms

Gaucho owners plot sale as Cau cull looms

The owner of the Gaucho restaurant chain is exploring a sale of the business as part of a review which includes the closure of its poorly performing Cau outlets.

Boys paid more than girls for helping at home

Boys paid more than girls for helping at home

It is not just in the workplace that women suffer from the gender pay gap - girls also lose out when it comes to being rewarded for helping around the home.

500 jobs at risk as supermarket closes Tesco Direct

500 jobs at risk as supermarket closes Tesco Direct

Tesco is to close Tesco Direct, its non-food website.

Brexit  costs UK households £900 - Bank governor

Brexit costs UK households £900 - Bank governor

Mark Carney has claimed the Brexit vote has left households £900 worse off annually, describing the sum as "a lot of money."

PM urged to fix the economy's 'fundamentals'

PM urged to fix the economy's 'fundamentals'

Business leaders from across the UK have urged Theresa May to focus on pressing problems for the economy from potholes to house building - and not just Brexit talks.

Sony to pay £1.7bn for control of EMI Music

Sony to pay £1.7bn for control of EMI Music

Sony is to take control of EMI Music Publishing - home to Pharrell Williams and The Beatles' back catalogue - as part of a new ambition to invest more in creative content.

ICG clinches £1.2bn Iris software buyout

ICG clinches £1.2bn Iris software buyout

A London-listed investment firm is on the brink of winning a £1.2bn race to participate in Britain's biggest-ever software takeover deal.

'Intense competition' hits Nationwide profits

'Intense competition' hits Nationwide profits

Nationwide Building Society says "intense competition" hit its bottom line over the past financial year as it chose to put its members' interests first.