Business

Pound surges on hopes of Brexit breakthrough

Image copyright Getty Images The pound has surged against the dollar and the euro amid growing optimism a Brexit deal is close to being agreed. Sterling leapt 1.4% to trade at $1.3036 against the dollar in afternoon trade, whilst against the euro it jumped to a near seven-month high of €1.1542. The move came after […]

Business

Brexit: Can firms stop stocks running low?

Image copyright Thinkstock Stockpiling is moving up the agenda as Brexit approaches. Concerns about shortages of food, medicines, car parts and much else as the UK adjusts to life outside the EU are growing. Premier Foods, the company behind Bisto and Mr Kipling, is the latest firm to say it will build stocks of raw […]

Business

First 5G cities in UK named by EE

Image copyright Getty ImagesImage caption 5G could also be used as a replacement for fixed home broadband EE has announced which six UK cities will be the first to get faster 5G mobile networks. Building on existing trials, EE will turn on 5G in London, Cardiff, Edinburgh, Belfast, Birmingham and Manchester by mid-2019. By the […]

Business

Berketex Bride in administration

Image copyright Berketex Bride Bridal store Berketex Bride has announced that it has ceased trading and gone into administration. The firm said its 11 outlets in the UK and one in Dublin would be closed from Tuesday and would not reopen. It has been in existence for more than 50 years selling wedding dresses, bridesmaids’ […]

Business

Amazon names locations for new US HQs

Image copyright EPAImage caption Long Island City, where Amazon is planning expansion along the East River, is one of the fastest growing areas in New York Amazon plans to build major new campuses in New York City and next to the Pentagon near Washington DC, and expand its operations in Nashville. The decision comes 14 […]

Business

Tobacco shares hit on US menthol ban fear

Image copyright Getty Images Shares in two tobacco giants have been hit by reports that US regulators are planning to ban menthol cigarettes. British American Tobacco closed 10.6% down to their lowest in almost five years, while Imperial Brands recovered from earlier big falls to end 2.2% off. A report in the Wall Street Journal […]

Business

Pound’s rollercoaster ride continues

Image copyright Getty Images The pound has sunk in volatile trading after reports that a Brexit deal was near were downplayed by UK officials. Downing Street said “substantial issues” still need to be resolved as negotiators try to secure an agreement over the UK’s exit from the EU. The pound fell almost 1% against the […]