Investing 'The men who plundered Europe': bankers on trial for siphoning €60bnThe Guardian - Philip Oltermann in BonnThey have been called “the men who plundered Europe”: a group of cowboy traders, seasoned tax lawyers and mathematical whizz kids who are alleged to have conspired in the heart of the City of London to
China ‘Wrong place at the wrong time’: how the US-China trade war is putting the squeeze on AustraliaThe Guardian - Martin FarrerThe optimism of 2011 is over. Australia has some hard decisions to make. Andrew Walter, University of Melbourne When Canberra’s finest strategic thinkers released a white paper in 2012 about Australia’s
Thomas Cook Thomas Cook: plans made for biggest UK peacetime repatriationThe Guardian - Sean Farrell and Gwyn TophamThe government and the aviation watchdog are drawing up plans for the biggest ever UK peacetime repatriation if Thomas Cook collapses, with 150,000 British customers currently on holidays overseas with
Economics Australia's slowing economy: how should the government and Reserve Bank respond?The Guardian - Greg JerichoBy choosing to undershoot the inflation target, the RBA has damaged the credibility not just of the target, but monetary policy itself Stephen Kirchner It’s not a lack of ammunition that’s holding the
Tobacco British American Tobacco issued with £900m Dutch tax billThe Guardian - Simon GoodleyBritish American Tobacco is being pursued by the Dutch authorities for £902m in unpaid taxes, as the maker of Rothmans, Camel and Lucky Strike cigarettes stands accused of avoiding tax on money channelled
Thomas Cook Is Thomas Cook about to go bust? Your questions answeredThe Guardian - Rupert JonesThomas Cook is scrambling to raise £200m in extra funding as it tries to stave off the risk of administration. About 150,000 UK customers are on holidays overseas with the travel company. Here are the
Business Alison Rose to become first female RBS chief executiveThe Guardian - Sean FarrellAlison Rose will be the first woman to lead one of Britain’s biggest banks after Royal Bank of Scotland named her as its new chief executive. RBS ended months of speculation when it confirmed Rose, the
Business BA reinstates half of flight schedule after pilots cancel strikeThe Guardian - Gwyn Topham Transport correspondentBritish Airways will operate more than half its normal flight schedule next Friday after a strike by pilots was called off. Although BA had stopped selling tickets for 27 September and started cancelling
Thomas Cook Thomas Cook races to raise extra £200m to secure rescue dealThe Guardian - Sarah Butler and Sean FarrellThe future of Thomas Cook is hanging in the balance as the travel company scrambles to raise an additional £200m to secure an emergency rescue deal. Britain’s oldest package-holiday firm must secure the
Boeing 737 MAX Australia may ban Boeing 737 Max even if US gives it all-clearThe Guardian - Ben ButlerAustralia’s air safety regulator may refuse permission for Boeing 737 Max planes to fly even if its US counterpart revokes an order grounding the aircraft, which has crashed twice, leaving 346 people A
Neil Woodford Fresh blow for Neil Woodford as mattress maker reports lossesThe Guardian - Sean FarrellNeil Woodford was dealt another blow when a mattress maker backed by the fallen star fund manager warned of worse-than-expected trading for the second time this year and scrapped merger talks with a rival.
Debenhams Debenhams pushes on with shop closures after legal challenge failsThe Guardian - Sarah ButlerDebenhams is to press ahead with a rescue plan involving the closure of more than 20 stores after fighting off a Sports Direct-backed legal challenge. The judge Mr Justice Norris on Thursday said he had
Aviation Aviation's flight towards low emissions only fuels the crisisThe Guardian - Gwyn TophamAs a report claims that airlines are struggling to control their contribution to the climate crisis, the question grows more urgent for aviation: does it have a greener future, and will a zero-emission
Opinion Ryanair's defence of O'Leary's €99m bonus target doesn't washThe Guardian - Nils PratleyHow sweet. Ryanair’s board will “consult” with shareholders, even the 49.5% who protested about Michael O’Leary’s potential €99m (£88m) jackpot, and will report back on how it will “adapt its decision-making
Advertising Saga apologises for advertising cruise 'exclusively for Brits'The Guardian - Rob DaviesSaga, the insurance and travel company for the over-50s, has apologised after customers were sent a brochure advertising a cruise “exclusively for Brits”. Twitter user Anthony Bale, who is a university
Opinion Give power back to left-behind placesThe Guardian - LettersThanks to Tony Naylor for his perspicacious analysis of the big challenges facing those trying to regenerate town and city centres in Britain (High streets can be reborn. But developers are in the way,
Gig Economy Consumers can help to tackle the gig economyThe Guardian - LettersHaving waited 27 months for an employment tribunal preliminary hearing for non-payment of holiday pay and worker status, I cannot thank the Resolution Foundation enough for highlighting this and other
Brexit Next blames warm weather for slow sales as shares plummetThe Guardian - Zoe Wood and Julia KolleweNext said the recent warm weather had resulted in disappointing sales of its new autumn clothing ranges as the latest official data showed falling high street sales. The retailer was the biggest faller
Aviation Airlines' CO2 emissions rising up to 70% faster than predictedThe Guardian - Gwyn Topham Transport correspondentWorldwide CO2 emissions from commercial flights are rising up to 70% faster than predicted by the UN, according to an analysis. Carbon dioxide emitted by airlines increased by 32% from 2013 to 2018, according
OECD No-deal Brexit will cut 3% off UK economic growth, says OECDThe Guardian - Phillip InmanA no-deal Brexit will slice almost 3% from the UK economic growth over the next three years compared with just 0.6% from the rest of the EU, according to the latest health check of the global economy the
Mergers & Acquisitions JD Sports' Footasylum takeover could be bad for shoppers, says CMAThe Guardian - Julia KolleweThe UK’s competition watchdog has said JD Sports’ £90m deal to buy its smaller rival Footasylum could result in higher prices and that it will carry out an investigation unless JD can address its concerns.
Andrea Leadsom Leadsom intervenes in takeover of defence supplier CobhamThe Guardian - Sean FarrellThe government has intervened in the planned £4bn takeover of Cobham, a UK aerospace and defence supplier, by a US private equity firm on the grounds of national security. Andrea Leadsom, the business
Bank of England Interest rate cut more likely due to Brexit uncertainty, says BankThe Guardian - Phillip InmanBrexit uncertainty and the slowdown in global growth has weakened the economy and made an interest rate cut more likely, the Bank of England has said. The central bank said interest rates would remain
Ryanair Ryanair boss could get €99m bonus despite shareholder revoltThe Guardian - Gwyn Topham Transport correspondentAlmost half of Ryanair shareholders have voted against a controversial new pay package for the chief executive, Michael O’Leary, that could result in the airline handing him a €99m (£88m) bonus within
Business Sir Michael Edwardes obituaryThe Guardian - Martin AdeneyThe purposeful Michael Edwardes was a key player in the Thatcherite revolution: a businessman who confronted the unions and reshaped a national institution in a cliffhanging serial of industrial relations.
Brexit Kier warns of Brexit fallout after £245m lossThe Guardian - Julia KolleweKier Group, the embattled construction and services company, has warned of flat revenues this year due to Brexit uncertainty as it crashed to a £245m annual loss. The firm, which works on large infrastructure
Lloyd's of London Lloyd’s of London boss vows to stamp out sexual harassmentThe Guardian - Julia KolleweThe Lloyd’s of London boss has said he was “devastated” by a report on sexual harassment against women working in the insurance market as he pledged decisive action to put an end to behaviour ranging inappropriate
Energy UK blackout: MPs to question energy regulator's roleThe Guardian - Jillian AmbroseThe energy industry regulator is to be hauled before a committee of MPs to face questions over its role in last month’s blackout after official documents revealed it has known for a decade that new safeguards
Security Sale of defence firm Cobham is a bad deal but not a security threatThe Guardian - Nils PratleyAndrea Leadsom to the rescue? The business secretary has ordered a formal review, on national security grounds, into the proposed £4bn purchase of Cobham, the Dorset-based defence firm, by a US private
