Blow to City as London offices face £1.4bn rise in business rates bill
A sharp rise in business rates for offices in the City of London is threatening to undermine the Square Mile’s drive to remain a key financial centre in Europe after…
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New home owners gagged over poor build and compensation claims
New home owners are being forced to sign gagging orders after making successful claims for compensation about the quality of their new homes. The Guardian has been made aware of…
READ MOREHanjin: Final curtain falls on shipping saga
Hanjin Shipping used to be one of the world’s top 10 shipping companies. But now, the final curtain has fallen. This Friday, the firm was declared bankrupt by a South…
READ MOREGermany says IMF participation in Greek bailout indispensable
Germany insisted on Friday it was essential that the International Monetary Fund participate in Greece’s bailout programme after a German lawmaker in the European Parliament said IMF involvement was no…
READ MOREAllianz plays down talk of big deals as hands cash to investors
Allianz (ALVG.DE) played down talk of it making a major acquisition any time soon as its chief executive Oliver Baete said on Friday the German insurer could grow without deals….
READ MORERetail sales fall unexpectedly in January
Retail sales slipped back unexpectedly in January, following on from December’s dip. Official figures, from the Office for National Statistics (ONS), showed retail sales volumes dropped by 0.3% compared with…
READ MOREKraft Heinz to pursue merger despite Unilever rejection
U.S. food company Kraft Heinz Co has proposed a merger with $125 billion (£100 billion) Unilever in what would be one of the biggest deals ever, but the Anglo-Dutch consumer…
READ MOREAustria to sue Airbus over Eurofighter contract
Austria is to sue Airbus and the Eurofighter consortium over a 2 billion-euro (£1.7bn) deal to buy Typhoon warplanes. Its defence ministry said that following an investigation it believed Austria…
READ MOREKitKat maker Nestle misses forecasts as profit falls
Nestle, which makes KitKats, Nescafe and Purina pet food, has said it will steepen its cost-cutting plan after unveiling disappointing results. Net profit for 2016 fell to 8.5bn Swiss francs…
READ MORE£900 coat maker Canada Goose to sell shares
Canada Goose, maker of Arctic coats costing as much as £900, has applied for a stock market listing in New York and Toronto. The company, part-owned by private equity firm…
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