Economy

Sir Martin Sorrell has bought Dutch firm MediaMonks for €300m (£266m) in a deal that marks his return to the forefront of the advertising industry and an escalation of hostilities with his former employer, WPP. Sorrell pursued the...

Britain’s retailers are benefiting from England’s continuing World Cup run and the warm weather boosting beer, barbecue and big-screen TV sales, despite the severe underlying challenges facing the high street. Suggesting deep problems remain for retailers as they...

The chief executive of Tesco’s UK and Ireland business, Charles Wilson, is stepping down following treatment for throat cancer. Wilson is the former boss of cash-and-carry group Booker and widely viewed as the likely successor to...

Plans to install hundreds of thousands of additional charging points for electric vehicles are to be announced by the transport secretary. Chris Grayling will unveil proposals aimed at making it easier to rechargeelectric vehicles than refuel those...

The struggling retailer Mothercare is to cut 900 jobs, 100 more than previously announced, as it put its Children’s World subsidiary into administration. The move comes after landlords rejected the company’s proposals for rent reductions for Children’s World stores...

UK private equity firm Better Capital’s sale of airplane parts firm Northern Aerospace to a Chinese buyer has fallen through after regulators did not issue approval following an investigation into national security concerns. The UK Competition and...

Government consultations between Germany and China in Berlin on Monday aim to send a signal of closer bilateral cooperation in light of a worsened trade spat with the US. But some hurdles have yet to be...

High street sales fell for the fifth month in a row in June, according to a survey that suggested bricks and mortar retailers have endured the worst first half year of trading in more than a...

Inmarsat, Britain’s leading satellite company, has rejected a second bid from its US rival EchoStar that valued the business at £3.2bn. Shares in Inmarsat plunged more than 10% in early trading on Friday after the Colorado-based EchoStar revealed...

The Airbus chief executive, Tom Enders, doubled down on the aerospace giant’s warning that it could pull out of the UK in the event of a hard Brexit, accusing the government of having “no clue” on how to leave the...