Uncategorized

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…

Read More

Sir Martin Sorrell steps down as CEO of the world’s largest advertising agency, WPP This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive Breaking News on a smartphone or tablet via the BBC News…

Read More

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,…

Read More

Image copyright Getty Images Image 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…

Read More

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…

Read More

Open University vice-chancellor Peter Horrocks has resigned after a vote of no confidence by academic staff. He said he was “ready to move on” but added the OU faced “a scale of challenge that is unprecedented”. The university, which has suffered a collapse in student numbers, aims to save £100m…

Read More

Image copyright PA Image caption University staff will decide on Tuesday whether to back the deal announced by unions and employers University staff have suspended strikes which were set to hit summer exams after agreeing to fresh pension plans. Planned changes to staff pensions prompted 14 days of strike action…

Read More

Image copyright Getty Images The UK’s garden centres are suffering after the country’s spate of bad weather, with sales at their worst levels in at least five years. So far this year, average underlying sales are down 15% to 20%, with the early Easter proving a washout, says the Garden…

Read More

Image copyright Reuters The London Stock Exchange has appointed a new chief executive to replace Xavier Rolet, who quit last November amid a bruising boardroom row. David Schwimmer, who has spent 20 years at investment bank Goldman Sachs, will take up the post on 1 August. The stock exchange described…

Read More

Image copyright Getty Images The suicide rate among UK students is higher than among the general population of their age group, say researchers. A study from the Centre for Suicide Research and Prevention says it means for the first time students have a higher suicide rate than non-students. The Hong…

Read More