Image copyright Reuters The government of Mozambique has filed a case in the High Court in London against the investment bank Credit Suisse over what has become known as the “tuna bond” scandal. Credit Suisse was one of the lenders that helped to arrange $2bn (£1.5bn) of government-backed loans that pushed Mozambique into a debt …
Image copyright Getty Images Image caption US government advice suggests the supplements have “little or no effect” on weight loss A company that sold “ineffective” fat-fighting herbal supplements is facing a $12.8m (£9.6m) fine for allegedly buying fake reviews on Amazon. The fine is part of a settlement deal Cure Encapsulations has reached with the …
Tan France has explained to BBC Radio 5 Live why he doesn’t criticise ‘fast fashion’. France is the fashion expert on Netflix series Queer Eye. He told BBC Radio 5 Live’s Laura Whitmore that you can dress in a sustainable way, but said he understood why people chose to buy cheaper clothes. Click here for …
Image copyright Google Image caption The Fox’s Glacier factory has been making mints in Leicester since 1918 The factory that makes Fox’s Glacier mints could close under merger plans. It is proposed Fox’s Glacier owner Big Bear Confectionery would merge with Tangerine Confectionery. The move would close the Big Bear site in Leicester, where over …
Image copyright Getty Images US economic growth slowed to an annualised rate of 2.6% in the final three months of 2018, figures show. However, the reading was ahead of expectations for a rate of between 1.8% and 2%. The pace of growth was below the 3.4% rate seen in the third quarter thanks to a …
Image copyright Getty Images Aston Martin Lagonda notched up big losses last year, as the cost of floating on the stock exchange hit its results. Publishing its first results since it went public in October the firm reported a pre-tax loss of £68m, compared with profits of £85m in 2017. The luxury car firm also …
Image copyright ITV Image caption Simon Pitts spent 17 years at ITV before taking over at STV The boss of STV has declined to rule out a sale of the commercial broadcaster, amid continued speculation it might become part of ITV. Simon Pitts said “you can never rule in or rule out anything” but insisted …
Image copyright Puma Image caption The deal covers men’s, women’s and youth teams at five clubs in the City Football Group Premier League champions Manchester City have signed a long-term kit deal with Germany’s Puma, replacing their current agreement with Nike. The size of the deal was not disclosed, but media reports suggest it could …
Image copyright Getty Images London-focused estate agent Foxtons has swung to a loss and says the housing market in the capital is in a “prolonged downturn”. The company reported a loss of £17.2m for last year, partly due to the costs of closing six offices. It made a profit of £6.5m in 2017. Foxtons added …
Image copyright Getty Images Engineering giant Rolls-Royce swung into loss in the year to 31 December 2018, as it increased the charge for fixing problems with its Trent 1000 engines. It also said because Airbus was scrapping the A380 aircraft, it had recorded an exceptional item of £186m. The company made a pre-tax loss of …