Economy

The City watchdog has ordered banks to do more to help the 19 million people who regularly use their overdrafts but has dismayed campaigners seeking a cap on the £2.3bn fees made when customers go into...

At the recent EU-Western Balkans summit in Sofia, the EU again failed to reassure the Western Balkan states which – instead of the hoped-for “enlargement summit” – got only a “connectivity agenda” and controversial and conflicting...

The gambling company that owns Ladbrokes Coral and Foxy Bingo faces a bruising shareholder rebellion over the “excessively disproportionate” £67m paid to two of its bosses. GVC, a FTSE 250 company with its headquarters on the Isle of...

WH Smith has been rated the UK’s worst high street retailer as shoppers panned its customer service and store standards. The books to paperclips store came bottom of a survey of Which? readers, reclaiming its unwanted crown...

High street landlords are gearing up for war with retailers, whom they accuse of railroading them into agreeing to rent cuts via increasingly controversial company voluntary arrangements (CVAs). Struggling businesses including the department store chain House of...

By Nils Pratley Chairmen, especially those embarrassed by the share price on their watch, feel obliged to examine any old merger or acquisition idea. But there are limits to what counts as credible and Barclays’ John McFarlane...

Sainsbury’s is pressing ahead with a plan to cut paid breaks, annual bonuses and premium pay for Sundays, leaving thousands of workers out of pocket despite pressure from unions and MPs. However, the supermarket has pledged extra...

Biggest sales jump in 18 months as shoppers return to the high street, but underlying trend still weak. Retailers enjoyed the biggest jump in sales in 18 months during April as shoppers, forced to stay home...

Professor Brian Scott-Quinn, director of Banking Programmes at Henley Business School, suggests Deutsche Bank is trapped in a ‘spiral of decline’. Scott-Quinn says that Deutsche should accept that the game is up. “We really no longer need Deutsche Bank. There are...

Programmers will gather in Sofia in June for the first Balkan Hackathon, aimed at developing digital solutions and software prototypes to boost progress in the region. They will spend a full 24 hours coding and prototyping...