Business news

Wood Group to ‘engage’ with private equity suitor over £1.7bn propos...

Apollo Management made a fifth takeover approach for Wood Group earlier this month worth 240p a share in cash.

Industrial action helped workers secure extra £2bn in pay, figures s...

The STUC released data covering workers in health, education, local government, the fire service, transport, and telecoms.

Head of Slovakia’s central bank convicted of bribery

The country’s Special Criminal Court handed National Bank of Slovakia governor Peter Kazimir a fine and a two-year suspended sentence.

List of 15 Barclays branches set to close

It brings the total of Barclays branches closing this year to 73.

Barclays closing another 15 bank branches

The high street brand has plans to shut 73 locations in total this year.

Barclays names 15 more branches to close

The high street brand has plans to shut 73 locations in total this year.

Pakistanis living abroad sent £2 billion home in March

The response to the government’s appeal for more hard currency remittances offers some hope for improving the ailing economy, officials said.

Global economic growth set to fall below 3% this year, IMF chief war...

Kristalina Georgieva warned poverty and hunger could increase further during 2023.

Regulator defends rescue of Credit Suisse via UBS takeover as ‘best...

Urban Angehrn, chief executive of the Swiss Financial Market Supervisory Authority, or FINMA. defended the move.

UBS boss admits ‘huge’ risks in merging with Credit Suisse

However, Colm Kelleher voiced confidence that the Swiss bank will benefit from the government-engineered takeover.

AUD/NZD, NZD/USD analysis ahead of RBNZ decision

The NZD/USD exchange rate drifted to the highest point since February 16 as traders focused to the upcoming interest rate decision by the Reserve Bank...

Australia’s RBA halts rate hikes, boosting the ASX 200 index

The Reserve Bank of Australia (RBA) decided to stop its interest rate hikes in its February meeting. In a statement, the bank decided to leave interes...

Zoopla finds £14,000 average price reduction on homes sold at a disc...

Buyers and sellers are ‘not miles apart’ on pricing, which is helping deals to be agreed, the website said.

Australia bans TikTok from federal government devices

The so-called Five Eyes intelligence-sharing partners – the United States, Canada, Britain and New Zealand – have taken similar steps.

Passport Office staff in Scotland ‘relying on food banks’ as strike...

Public and Commercial Services Union members at the Passport Office are walking out for five weeks.

Oil producers announce surprise cuts in move which could force up pr...

Saudi Arabia was joined by other major oil producers in cutting the number of barrels they produce each day.

Saudi Arabia risks angering US as it announces cut in oil production

The move will likely raise oil prices, further straining relations between Riyadh and Washington.

Full list of NatWest, Lloyds, Halifax, Bank of Scotland and RBS bran...

More bank branches are to close across the UK.

Huawei profit plummets amid sanctions but sales rise

The tech giant said its annual revenue for 2022 reached 642.3 billion yuan (£75.55 billion), a 0.9% gain from the year before.

Harvey Norman posts fall in interim earnings, dividend

Harvey Norman shares have fallen more than 10 per cent after the retailer announced a drop in profit and a weak start to 2023.