Category : BUSINESS

BUSINESS / Business News - 1 day ago

Record VAT haul in May aids budget deficit

A record haul of VAT income for May has helped the budget deficit narrow to its lowest level for the month in 10 years. Figures from the Office for National Statistics (ONS) showed Government net borrowing of £6.7bn - down £300m or almost 5% on the...

BUSINESS / Business News - 1 day ago

All change! Hornby in mandatory takeover

Hornby is facing a mandatory takeover after its largest shareholder bought out a fund involved in a failed coup. The hobbies-to-collectables company - best known for its model railway interests - made the announcement months after an investor battle...

BUSINESS / Business News - 2 days ago

Oversupply sees seven-month low for oil price

The price of oil has continued to fall despite the decision just months ago by OPEC members to cut supplies to lift prices. Brent crude, the international benchmark, was down 2.09% at $45.97 at 9pm UK time but earlier in the day it had gone as low a...

BUSINESS / Business News - 2 days ago

Sky takeover decision expected next week

Karen Bradley, the Secretary of State for Culture, Media and Sport, is expected to give her verdict on 21st Century Fox's £18.5bn takeover of Sky plc, the owner of Sky News, by Thursday next week. Ms Bradley confirmed on Tuesday afternoon that she h...