Business

Purplebricks, the online estate agency that was supposed to disrupt the UK real estate market with its disruptive technology, has now reached an agreement to sell the business for £1. Purplebricks would transfer its assets, business and…

According to one of the UK’s largest landlords, the values of prime London office buildings are "close to bottom" following a tough year for investors in commercial property. British Land boss Simon Carter warned that the value of…

George Osborne was appointed chairman of an investment fund based in London, worth $3bn (£2.4bn). This is yet another new job for the former chancellor. The 51-year old has been appointed to head Lingotto Investment Management. This…

Brookfield is selling the UK holiday resort Center Parcs. This deal will test investor's willingness to gamble on an economy that has been hit hard by inflation and interest rate increases. According to sources familiar with the…

Industry leaders have warned that the UK will be "playing catch-up" by 2030. A panel of battery material experts who appeared before the House of Commons delivered a damning verdict. They said that Britain's automotive industry will be…

Asos's decision to reduce inventory and offer excessive discounts while consumers are on a tight budget has hurt profits in the short-term. However, the online retailer is confident that it will return to profitability in the second and…

The government announced that more than 2,500 EU regulations will remain in the UK's statute book after the end of the year. This is a move welcomed by business but criticised as a retreat by Tory Brexiters. Kemi Badenoch confirmed the…

Virgin Galactic announced its plans for the first commercial flight in next month. This is a major breakthrough for Sir Richard Branson’s space tourism dreams after years of delays. After scheduling a test flight with four members for…

Purplebricks warned investors they would receive little or nothing if the company found a buyer. This morning, shares in the struggling online estate agent fell even more. The company has been advertising "for sale" since March, but it…

Lewis Judd, who is 25 years old, looks like a natural behind the wheel of a truck that weighs 40 tonnes, performing an intricate reversing maneuver in the East Midlands haulage yard where he hopes to get a job soon. Judd backs his lorry…

The talks between Vodafone and to merge their UK business with rival Three, owned by China, are "extremely challenging" to conclude amid demands that any deal be investigated for national security reasons. Three's owner CK Hutchison…

The first major trade agreement since Brexit should not be criticized for its potential. It's a small economy. It's a very long way off. They are unlikely to be interested in what we produce. The UK's trade agreement with…

Fears that the introduction of facial recognition and fingerprinting checks at Dover could disrupt travel to the summer Olympics in Paris next year have led to the EU delaying its implementation. This move will be discussed in June by…

After a turbulent and two-year tenure at the Royal Mail, Simon Thompson will likely step down in a few weeks. Unions have accused the chief executive of inflaming a bitter industrial dispute. His credibility has also been questioned…

Putin increases levies on oil groups after G7 sets price cap for Russian crude.The G7-led price cap on Russian oil exports has forced the Kremlin to raise the tax burden on producers, dealing a fresh blow to an energy sector already…

After renewed Chinese demand boosted sales, the owner of Louis Vuitton Christian Dior and Tiffany became the first European company valued at over $500bn (£402bn). LVMH, which is run by Bernard Arnault the richest man in the world,…