Business

Formula 1 bosses aim for 2021 budget cap

Mercedes and Ferrari receive some of the sport’s biggest pay-outs Formula 1 is pressing ahead with plans to introduce a budget cap in 2021 as part of attempts to make the sport more attractive. Owners Liberty Media presented more detail on their plans to the teams at the Bahrain Grand Prix on Friday. A budget […]

Business

Protest over Pinneys factory closure plans

Image caption Workers and local people gathered for the protest on Friday afternoon A protest has been held at the Pinneys of Scotland fish processing factory in Annan. Earlier this week, parent company Young’s Seafood announced plans to close the plant, with the loss of 450 jobs and production moving to Grimsby. Workers and people […]

Business

UK chains Bargain Booze and Wine Rack sold to Bestway

Image copyright ConvivialityImage caption Conviviality’s retail arm includes the Wine Rack chain Conviviality brands Bargain Booze and Wine Rack are set to be sold to food wholesaler Bestway for £7m. Conviviality’s retail arm, which also includes the WS Retail and Select Convenience chains, was looking for suitors after the company ran into financial trouble. The […]

Business

US jobs growth slows in March

Image copyright Getty ImagesImage caption The manufacturing sector added jobs in March US job growth slowed sharply in March, as employers added 103,000 positions over the month. The figure was lower than expected, and left the unemployment rate unchanged at 4.1%. Analysts said the cold weather may have contributed to the slowdown, which was anticipated […]

Business

Royal Mail fined for sending 300,000 nuisance emails

Image copyright PA Royal Mail has been fined £12,000 for sending 327,000 nuisance emails to people who had opted out of receiving such information. As a result, Royal Mail broke the law, the Information Commissioner’s Office (ICO) said. The offending messages were sent on two dates last July. Royal Mail tried to claim that the […]

Business

Co-operative Group swings back to profit

Image copyright Co-op The Co-operative Group has returned to profit after what it called a “year of progress”. The group reported a profit of £72m for 2017, after a loss of £132m the year before when it wrote off the value of its stake in the Co-operative Bank. As well as its 2,500 food stores, […]

Business

Final gender pay gap figures revealed

Media playback is unsupported on your device Media captionGender pay gap: What do women think? Final gender pay gap figures for large companies in the UK have been revealed after the deadline expired for firms to report their findings. More than three-quarters of UK companies pay men more on average than women, BBC analysis of […]

Business

Entire contents of Heathrow Terminal 1 to be sold off

Image copyright CAGPImage caption You could be the lucky owner of this sign… and everything else inside Heathrow Airport’s Terminal 1 Items from baggage carousels to check-in desks are going under the hammer as the entire contents of Heathrow Airport’s Terminal 1 is sold. Security scanners from the terminal, which was closed down in 2015, […]

Business

Superfast 5G mobiles are a step closer

Image copyright Getty ImagesImage caption Phone companies have been bidding for 5G capability An auction of frequencies for the next generation of mobile phone networks has raised £1.36bn, says regulator Ofcom. Vodafone, EE, O2 and Three all won the bandwidth needed for the future 5G mobile internet services, which are not expected to be launched […]

Business

Google should not be in business of war, say employees

Image copyright Getty Images Thousands of Google employees have signed an open letter asking the internet giant to stop working on a project for the US military. Project Maven involves using artificial intelligence to improve the precision of military drone strikes. Employees fear Google’s involvement will “irreparably damage” its brand. “We believe that Google should […]