Business News

The UK car industry has warned its efforts to support the transition to electric vehicles cannot be sustained indefinitely as it faces fines for missing climate-linked sales targets.

Financial markets are now pricing in a shock interest rate cut for the UK at the next Bank of England meeting following remarks by its governor.

Blackstone, the private equity giant, has hired one of Wall Street's leading banks to sell the corporate events business, which runs some of the world's largest trade shows.

Tesco has said a focus on value amid the continuing squeeze on shoppers' budgets has paid off through a rise in half-year profits.

Diageo, the FTSE 100 alcoholic beverages giant, has scrapped the sale of its Pimm's brand after failing to reach a deal with potential buyers.

Banks could be given extra time to investigate suspicious payments in an effort to curb fraud.

Israel is fighting on at least four fronts, threatening a war across the oil-rich Middle East, but there is no great sense of fear yet as far as financial markets are concerned.

Compass Group, the FTSE-100 catering giant which counts the Wimbledon tennis championships among its most prestigious contracts, is in talks with its investors about increasing its boss's potential pay package by millions of pounds a year.

A former senior executive at Harrods has abandoned plans to become the new boss of Fenwick.

A prolonged strike by US port workers risks a new wave of freight-led inflation, according to experts.