Business

Vauxhall slims down dealer network

Image copyright Reuters Vauxhall plans to reduce its dealership total by about a third as consumers change the way they buy cars. The brand, which was bought by Peugeot’s parent company PSA last year, plans to reduce the total from 326 to about 200. The move is part of a PSA drive to return the […]

Business

WPP must make misconduct probe public, says Vince Cable

Image copyright Getty Images Liberal Democrat leader Sir Vince Cable has called on WPP to disclose details of alleged misconduct allegations against Sir Martin Sorrell. The company said at the weekend that its former chief executive had stepped down and that an investigation had “concluded”. No further details about the claims of personal misconduct and […]

Business

Five things to do with empty retail space

Image copyright Getty ImagesImage caption More shops closed than opened in the UK last year So far, 2018 has been a rough year on the High Street. Toys R Us and Maplin have collapsed, while New Look and Mothercare have announced closures, as have Jamie’s Italian, burger chain Byron and Prezzo. They’re the latest victims […]

Business

Who is losing out from Trump’s tariffs?

Image caption Will Hutchinson, a fourth generation farmer from Tennessee, says trade between the US and China is “vitally important” The US-China trade dispute is starting to have consequences. US tariffs on foreign steel and aluminium went into effect last month. China’s retaliatory duties on more than 100 US imports, including pork, fruit and wine, […]

Business

US banks report gains but shares sink

Image copyright Getty Images Profits at JP Morgan Chase, Citigroup and Wells Fargo rose in the first three months of the year, but their shares slumped on Friday despite the gains. JP Morgan’s profits soared 35% year-on-year, with more modest increases reported at Citigroup and Wells Fargo. Analysts said the share decline was a sign […]

Business

Jaguar Land Rover to shed 1,000 contract staff

Image copyright Getty Images Jaguar Land Rover says it will not be renewing the contracts of 1,000 temporary workers at two factories. The UK’s biggest carmaker, owned by India’s Tata Motors, blamed “continuing headwinds” affecting the car industry. It said it was continuing to recruit large numbers of engineers and apprentices and it remained committed […]