Image copyright Reuters The 1MDB corruption scandal has cast a shadow over Goldman Sachs, raising questions about how much the US investment bank knew about the misconduct. What is Goldman accused of? The firm helped raise $6.5bn (£5bn) for the Malaysian development fund, advising on three bond offerings in 2012 and 2013. Prosecutors allege more […]
Image copyright Getty Images A £10m prize for the development of technology to harness tidal power has been relaunched in Scotland. The Scottish government said it was offering the Saltire Fund to help commercialise clean energy and lower operating costs. It comes after the original competition, conceived in 2008, was ended in 2017 without anyone […]
Image copyright PA Image caption Economic growth has not been disastrous, but nor has it been sparkling There may still be more than a month to go until Brexit is scheduled to happen, but there has already been some fallout from the decision to leave. Most recently, the prolonged uncertainty – what the governor of […]
Image copyright Getty Images Troubled cake chain Patisserie Valerie is facing a crucial few days after a deal with its banks expired on Friday. The UK firm said in October it had uncovered “significant, and potentially fraudulent, accounting irregularities”. The company’s biggest shareholder, Luke Johnson, is now in talks to extend its cash lifeline from […]
Image copyright Getty Images Image caption Exporters and investors will be looking at China’s GDP figures closely Monday sees the release of China’s GDP figures, and they’ll be even more closely watched than usual. Apple’s CEO, Tim Cook, blamed cautious Chinese consumers in part for his company’s failure to sell as many iPhones as he […]
Image copyright Morrisons Morrisons has started selling fresh produce in old-style paper bags, rather than plastic ones, as it tries to cut the use of plastics. The supermarket chain, the UK’s fourth largest, says it will mean 150 million fewer plastic bags are used each year. Prime Minister Theresa May has called plastic waste “one […]
Image copyright Getty Images Shares in Countrywide, the UK’s largest estate agent group, have fallen more than 20% after it issued its second profit warning this year. Countrywide, which has brands including Bairstow Eves and Gascoigne Pees, said it expected first-half earnings to be about £20m lower than last year. “We do not expect this […]
Smruti Sriram is the boss of the world’s largest ethical manufacturer of reusable bags. She’s a pioneer of the anti-plastic movement and her company supplies canvas bags to Topshop, Nike and Tesco. Video Journalist: Hannah Gelbart See more at CEO Secrets Source link
Image copyright Getty Images Image caption The new iPhone X started selling in November Apple sold 77.3 million iPhones in the final months of 2017, slightly fewer than during the same period in the prior year. But higher prices compensated for the dip, lifting the firm’s profits in the quarter to more than $20bn (£14bn). […]
Image copyright Getty Images Online retail giant Amazon saw sales jump by nearly a third last year, and said its Alexa digital assistant had “far exceeded” expectations. Full year revenue came in at $177.9bn (£124.6bn), a rise of 31%. Net income – or profit – was $3bn, compared with $2.4bn in 2016. The company’s performance […]
Image copyright AFP Image caption The prime minister said those arriving after Brexit would have a different set of expectations Theresa May has indicated she will fight a proposal to give residency rights to EU citizens during the transition period after Brexit. She said there had to be a difference between those arriving after the […]
Image copyright Getty Images A total of 746,000 people missed the deadline to file their self-assessment tax return, risking a fine of £100. Some 11.4 million people, primarily those with more than one source of income and the self-employed, were required to complete returns. The deadline for those filling in paper forms was the end […]