Category: Business News

Goldman posts first quarterly loss in six years

The investment bank has experienced problems in its fixed income, currencies and commodities trading business. BBC News – Business

Tesco announces grace period on Clubcard changes

The supermarket giant delays the cut to its biggest rewards until June after a customer backlash. BBC News – Business

GKN rejects £7.4bn hostile takeover bid

The engineering giant says the offer from turnover specialist Melrose fundamentally undervalues it. BBC News – Business

Carillion: Government ‘inept’ over crisis, says GMB boss

The GMB union wants the government to set up a task force to help affected companies and staff. BBC News – Business

Nestle sells Crunch, Nerds and other US brands to Ferrero for $2.8bn

Ferrero will pay $ 2.8bn for brands such as Crunch, Nerds, Runts and Butterfinger. BBC News – Business

CBI criticises short-term policies to improve skills base

Employers’ group says short-term fixes are no answer to Britain’s long-term skills problem. BBC News – Business

Newcastle United: Mike Ashley ends takeover talks with Amanda Staveley

Newcastle’s owner Mike Ashley has ended talks with British businesswoman Amanda Staveley over a takeover believed to have been worth around £250m. BBC News – Business