LONDON (Reuters) – Britain’s cap on domestic energy prices saved customers around 1 billion pounds ($1.3 billion) in 2019, but shopping around is still the best way to save money, the government said on Tuesday. The cap on default electricity and gas bills came into effect in January this yearRead More →
Receiving a pay rise is a pretty nice Christmas present. That’s what Denise Coates, the billionaire founder of the online gambling firm Bet365, got this week when her pay package jumped to a cool £323 million ($421 million). Coates was paid £220 million last year, but her basic salary hasRead More →
It may seem as if Britain has been mired in political turmoil forever, but the stalemate over Brexit and the U.K.’s future may come to an end next week when the public goes to the polls. Political uncertainty over the past 3½ years has caused unprecedented volatility in the poundRead More →
SHANGHAI (Reuters) – AstraZeneca (L:) said it is launching a new fund with China International Capital Corporation (CICC) to invest $1 billion in China’s healthcare sector, as it expands its research work in the country. The fund would look to invest in Chinese firms, with companies in a life-sciences parkRead More →
Britain’s biggest clothing retailer is set to enter the residential-real-estate market as part of ambitious plans to boost the group’s financial performance. Marks & Spencer Group PLC MKS, +1.32% is to turn property developer as part of a major plan to unlock value across the retailer’s store estate. The strugglingRead More →
© Reuters. FILE PHOTO: A man walks past branches of ASDA and Sainsbury’s in Stockport. LONDON (Reuters) – Walmart-owned British supermarket chain Asda said it will remove single kitchen knives from sale in all its stores by the end of April. Britain’s knife-crime rate is soaring and, following a waveRead More →
© Reuters. The 88th Geneva International Motor Show (Reuters) – Ford Motor (NYSE:) Co told British Prime Minister Theresa May that it is stepping up preparations to move production out of Britain, The Times reported on Tuesday. The automaker told the prime minister during a private call with business leadersRead More →
