Business News

The pound has hit fresh 20-month lows versus the dollar as Theresa May struggles to rescue her Brexit deal with Brussels.

Annual wage growth rose to 3.3% in the three months to October but unemployment also climbed, official figures show.

Struggling retailer Carpetright has slipped to a half-year loss of £11.7m after it closed dozens of stores and said "negative headlines" had hit sales.

Two FTSE-100 companies with a combined market value of almost £11bn are kicking off the search for new chairs as John McAdam, the veteran industrialist, prepares to step down after more than a decade at the helm.

Shares in an online retailer backed by Sir Philip Green and Mike Ashley have fallen by 50% after it issued a profits warning.

Former Sainsbury's boss Justin King is to join the board of Marks & Spencer to help "navigate the challenges ahead" as it battles to turn around its fortunes.

Advertising giant WPP has announced a major restructuring which will see thousands of jobs cut worldwide, months after ousting long-serving boss Sir Martin Sorrell.

The private equity tycoon Guy Hands has lined up the erstwhile boss of Associated British Ports to help him sail into a £300m bidding war for Wightlink, the British ferry operator.

The UK is the largest arms producer in Europe and third-biggest in the world, according to a new report on global arms sales.

Mobile banking users can now block certain types of spending in a move which could help people gain control of their finances.