Business

Direct Line set to accept sweetened Aviva takeover bid

One of the UK's biggest insurers could get even bigger as Direct Line looks set to accept a sweetened £3.61bn takeover bid from Aviva.

M&S wins four-year fight to rebuild flagship London store

Marks & Spencer has been told it can demolish and rebuild its flagship London store, 18 months after its plans were blocked by the previous government.

HMRC weighs vote against Gupta's UK steel restructuring

Britain's tax authority is contemplating voting against a court-led restructuring of the steel operations owned by Sanjeev Gupta.

Electric vehicles make up one in four new cars sold - as industry demands sales help

Battery electric vehicles (BEVs) accounted for 25% of new car registrations in November, an almost 60% increase year-on-year - and well above a government…

SpaceX rivalry prompts Airbus to cut 2,000 jobs

Airbus has revealed just over 2,000 job losses across its space and defence division, with 477 roles affected in the UK, amid tough competition from…

Thames Water creditors fail to get veto over fine payments

Thames Water's largest creditor group has failed to secure a veto over whether a £3bn emergency funding injection is used to settle regulatory…

UK's electric vehicle market is doing better than you might think

To listen to UK car manufacturers in recent weeks has been to hear a counsel of despair over the electric vehicle market.

UK biggest phone network created as Three-Vodafone merger gets conditional approval

The competition watchdog has approved the creation of the UK's biggest phone network by allowing the merger of Three and Vodafone.

Food supply chain start-up Cerve lands £3.5m seed funding

A food supply chain technology start-up which aims to drive reductions in waste has landed millions of pounds in funding from a syndicate of investors.

Bitcoin hits $100,000 as Trump picks cryptocurrency fan to head financial watchdog

The world's biggest cryptocurrency, Bitcoin, has been valued at more than $100,000 for the first time, spurred on by Donald Trump's latest nomination…

'More welcoming than ever': 86% of pubs now selling no and low-alcohol beer as they seek to be 'even…

Soaring costs and customers watching their spending is putting the hospitality industry under intense pressure, but for the traditional British pub…

Guinness limits pub supplies ahead of Christmas

The owner of Guinness is understood to have placed limits on pub and bar purchases of the Irish-made stout in the UK following a rush of sales, which…

Digital bank Zopa cements unicorn valuation with £80m raise

Zopa, the British-based digital bank, is to cement its status as a home-grown technology unicorn with an £80m fundraising which includes money…

Two-child benefit cap to be scrapped in Scotland under SNP's budget plans

Scotland has vowed to scrap the two-child benefit cap, saying it will lift 15,000 Scottish children out of poverty.

Mike Ashley's Frasers and B&M face FTSE 100 relegation

Fraser's Group, the retail giant controlled by Mike Ashley, and the discounter B&M are to be relegated from the UK's top flight share index.