Business

Tata Steel UK By Felicity Evans Money editor, Wales Tata Steel has announced the coke ovens at its giant plant in south Wales will close on Wednesday over concerns about their “operational stability”. The Community union called it “a massive blow” while Unite said it was the “result of years of betrayal”. About 200 workers
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CBS By Lipika Pelham BBC News A Boeing plane landed without one of its fuselage panels at an airport in the US state of Oregon on Friday, says United Airlines. A spokesperson said United flight 433, from San Francisco, arrived at the Rogue Valley International Airport in Medford, Oregon, at about 11:30 (18:30 GMT) on
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Getty Images The UK economy picked up in January, raising hopes it could be on its way out of recession. The economy grew by 0.2%, official figures show, boosted by sales in shops and online and more construction activity. The Office for National Statistics (ONS) said the services sector led the improvement. This is an
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EPA By Kevin Peachey Cost of living correspondent Vinyl music sales – led by the soaring success of Taylor Swift – have been recognised by statisticians who calculate the rising cost of living. After more than 30 years, vinyl records have returned to the basket of goods used by the Office for National Statistics (ONS)
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Getty Images By Nick Edser Business reporter The Conservatives and Labour have been accused of a “conspiracy of silence” over the scale of spending cuts or tax rises by an influential think tank. Tough decisions would need to be made following the next election, the Institute for Fiscal Studies said. Chancellor Jeremy Hunt told the
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This video can not be played To play this video you need to enable JavaScript in your browser. By Michael Race & Emma Simpson Business reporter and Business correspondent Mohsin Issa, one half of the so-called “billionaire brothers” who own Asda, says he plans to hand over the running of the UK’s third biggest supermarket.
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House of Commons/UK Parliament By Tom Espiner & Lora Jones & Esyllt Carr Business reporters, BBC News The former chairman of the Post Office twice asked for boss Nick Read’s pay to be doubled, MPs heard on Wednesday. Henry Staunton was trying to prevent Mr Read from quitting the scandal-hit organisation. However, the requests were
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UK Parliament By Sam Gruet Business reporter, BBC News The government has announced new measures to speed up compensation to victims of the Post Office scandal. An interim payment of £450,000 will be available to sub-postmasters who had convictions overturned, up from the current level of £163,000. Legislation aimed at clearing wrongly convicted sub-postmasters is
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ANDY RAIN/EPA-EFE/REX/Shutterstock By Lucy Hooker Business reporter The Body Shop is set to shut up to half of its 198 stores in the UK and cut the size of its head office, leading to hundreds of job losses. Closures will begin immediately on Tuesday, the firm that is overseeing the restructuring of the beauty retailer
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