Rangers CEO Quits As Ashley Agrees Bailout

Newcastle United and Sports Direct owner Mike Ashley has won his fight to remove the chief executive of troubled Rangers Football Club. It was confirmed on Monday that Graham Wallace had quit after the club agreed a £2m interest-free loan with...

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Sports Direct Settles Zero-Hours Legal Case

Sports Direct is updating the terms of its zero-hours contracts for more than 20,000 staff after settling a case brought by a former employee who claimed to have suffered panic attacks. According to law firm Leigh Day, the retailer controlled by Newcastle...

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Twitter Grows Users But Shares Slip 10%

Twitter's latest results showed progress in efforts to broaden its appeal and revenues but investors were not impressed. The social network's stock slipped more than 10% in after-hours trading on worries fourth quarter sales may miss targets. The...

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BP Profits Fall 25% As Oil Prices Tumble

BP has confirmed a 25% fall in quarterly profits amid falling world oil prices. The company said replacement cost profit in its third quarter fell to $2.38bn (£1.48bn) - also a consequence of lower earnings from its investment in Russia's Rosneft....

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Energy Crunch: Don't Expect Return To 1970s

Are you ready for winter? This question is at the heart of today's National Grid Winter Outlook report. The weather is predicted to reach around 20 degrees in some parts of the UK on the final day of October this year so it's no wonder consumers...

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Charity Warning Over Rise In UK Child Poverty

By Afua Hirsch, Social Affairs Editor Child poverty in the UK increased significantly during the recession, according to a new report which criticises wealthy countries for failing to protect the most vulnerable from the effects of the economic downturn....

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Cadbury Faces Chocolate Coin Twitter Storm

Cadbury has faced a storm of protest since confirming it had stopped producing chocolate coins - a traditional Christmas stocking filler. The company blamed shoppers switching to cheaper "own label" alternatives for pushing down its sales. Cadbury,...

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Lloyds Cuts 9,000 Jobs And 200 Branches

Lloyds Banking Group has confirmed 9,000 job losses and 200 branch closures as it moves to bolster its digital banking offering through a £1bn investment over three years. The bank - 25%-owned by the taxpayer - said the job and branch cuts would take...

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Ryanair Faces £6.5m French Labour Law Penalty

Ryanair is facing a €8.3m (£6.5m) penalty after losing an appeal against a decision that it broke French labour laws. The no-frills carrier was found guilty of paying workers under Irish contracts to save money on payroll and other taxes. The bulk...

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Energy Crunch: Plan To Keep The Lights On

National Grid has warned the UK may be forced to resort to emergency measures to keep the lights on if bad weather strikes this winter, with households picking up the bill. Its annual Winter Outlook report looking at the capacity margin - the gap...

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