“Fishing is not alone. [The issue is present] in the agriculture sector more generally, manufacturing, services, hospitality.” Philip Hammond, the Chancellor of the Exchequer, has signalled that highly skilled workers such as financial services...
Read moreAustrian minister predicts Britain will regret Brexit and re-join the EU
He said he hoped for a “good solution” to come from negotiations between the UK and the EU, but Britain could not easily get a free trade agreement without also accepting open borders with the EU. “It is very important to say it must be a fair...
Read moreO2 dials up demand for planned flotation with prospect of retail offering to customers
O2 is preparing to sell shares to millions of ordinary investors as part of its planned £10bn flotation, its chief executive has confirmed, raising the prospect of the first major retail offering since Royal Mail three years ago. Mark Evans, the...
Read moreMonarch bounces back with giant plane order
The plane order and additional funds should mean that Monarch receives a full Air Travel Organiser’s Licence (Atol) from the Civil Aviation Authority, removing concerns that its fleet could be grounded and thousands of holidaymakers left stranded...
Read moreSMEs expect to grow faster next year despite Brexit vote
Small businesses are braced for the economy to slow down in the next year but anticipate their own trade will boom, according to a new study by Amazon and Capital Economics. Sales climbed by 1.2pc in the last year at the average SME, but is...
Read moreMaviga boss Marcus Coles aims to put beans in toast
However the focus of Maviga’s investment in the last decade has been Africa, “a great continent of hope and possibility”, Coles says. “Sixty per cent of the remaining virgin land in the world is in sub-Saharan Africa. It has tremendous...
Read moreWhat the UK's fishing industry wants from Brexit
The decline of the industry has been steady but clear. The UK became a net importer of fish in 1984, a year after the Common Fisheries Policy and its quotas were introduced. Landings of fish in the UK have more than halved since the 1970s, from...
Read moreApple to create new UK headquarters at London's Battersea Power Station
The iPhone maker will consolidate its staff from its existing London offices into the new building, making it the largest employer in Wandsworth borough. Rob Tincknell, chief executive of Battersea Power Station Development Company, said: “It has...
Read moreLicence extension buys Monarch Airlines time
©PA Monarch Airlines, the UK low-cost carrier, has won extra time to finalise details of a cash injection after the aviation regulator granted it a temporary extension to its operating licence. The extension gives the company until October 12 to...
Read moreTUI shares surge on sunnier profit outlook
Anglo-German holiday giant TUI has shrugged off its post-Brexit slump to report a better than expected outlook for its full-year earnings to send shares surging to seven month highs. TUI shares climbed to £11.23 a share on Wednesday morning after...
Read moreHoneywell makes plans to close UK defined benefit pension scheme
Honeywell has made plans to close its UK defined benefit pension scheme, which has put the US industrial giant on a potential collision course with Britain’s biggest trade union. The proposed closure, which will affect 1,300 employees, comes a...
Read moreBankers could have their phone calls recorded and kept for five years under tough new rules
It can also help regulators and, potentially, prosecutors. “We believe that the taping regime is a valuable means of gathering evidence in the context of market abuse and related regulatory breaches,” the FCA said. The extension of the rules to...
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