Blog
news

Watchdog to review £11bn UK roll-out of smart meters

Plans to install smart meters in millions of British homes will be reviewed by the government spending watchdog, the BBC has learned. The National Audit Office says it will investigate whether the planned £11bn rollout will save customers money. The Department for Business, Energy and Industrial Strategy said it will …

Read More
news

Government to hold pensions talks with Carillion

Image copyright Carillion The government will meet with Carillion and the Pensions Regulator on Friday to discuss the giant services and construction company’s deficit. Carillion, which is one of the government’s biggest contractors, is struggling under £1.5bn of debt, including a pension shortfall of £587m. The company held talks with …

Read More
news

Five things we've learnt from British shoppers

Image copyright Getty Images British retailers have published sales figures for the trading period up to and including Christmas, and while there have been record takings for some, the festive season proved gloomy for others. Consumers are continuing to alter their buying habits to factor in that American import Black …

Read More
news

Will taps run dry?

Image copyright Getty Images Image caption There’s water all around Cape Town, South Africa, but little of it is drinkable Cape Town, home to Table Mountain, African penguins, sunshine and sea, is a world-renowned tourist destination. But it could also become famous for being the first major city in the …

Read More
news

Ex-BHS boss guilty over failure to provide pension data

Image copyright Getty Images Dominic Chappell, who was in charge of BHS when it went bust in 2016, has been found guilty on three charges of failing to provide information demanded by the Pensions Regulator. The watchdog accused him of neglecting or refusing to hand over information about BHS’s pension …

Read More
news

Drake offers fans a stake in Virginia Black whiskey

Image copyright Getty Images Image caption Drake takes a shot of Virginia Black at the Billboard awards last year Canadian rapper Drake is planning to sell stakes in his whiskey business, raising as much as $30m (£22.2m) to expand the company. The move comes over a year after the first …

Read More
news

Oil prices rise to hit four-year high of $70 a barrel

Image copyright Getty Images The price of oil has hit $70 a barrel for the first time since December 2014. Brent crude climbed after members of Opec, the cartel of 14 oil-producing nations that accounts for 40% of the world’s output, said it would continue to limit supplies. The RAC, …

Read More
news

Queen's bra fitter Rigby & Peller loses royal warrant

Image copyright PA A company which supplied lingerie to the Queen has lost its royal warrant over a book which revealed details of royal bra fittings. Rigby & Peller, a luxury underwear firm founded in London, had held the royal warrant since 1960. It was withdrawn after June Kenton, who …

Read More
news

Plastic fantastic: How it changed the world

Image copyright Getty Images In little more than a century, plastic has gone from being hailed as a scientific wonder to being reviled as an environmental scourge. It was in 1907 that the first modern plastic, bakelite, was invented. It pointed the way to a whole family of products based …

Read More
news

Walmart workers win pay rise and $1,000 bonus

Image copyright Reuters Walmart plans to give its one million workers a $1,000 bonus and start paying them at least $11 an hour. The move by the world’s biggest retailer follows last month’s US tax code overhaul that slashed the corporate rate from 35% to a flat 21%. Hourly-paid employees …

Read More