Business

Comparethemarket may be breaking the law, says CMA

Image copyright Getty Images Price comparison site Comparethemarket might be keeping the cost of home insurance premiums artificially high, according to the competition watchdog. In a provisional finding, the Competition and Markets Authority (CMA) accused the company of using contracts with insurers to stop them advertising more cheaply elsewhere. As a result, it said the […]

Business

UK audit watchdog chief to step down

Image copyright CarillionImage caption Carillion went bust in January The chief executive of the watchdog that oversees accountants and auditors is to step down, it has been announced. The departure of Stephen Haddrill from the Financial Reporting Council comes as it faces questions about its handling of recent corporate collapses. In particular, the downfall of […]

Business

China stocks gain on trade war hopes

Image copyright Getty Images Stock markets in China gained on Friday after US President Donald Trump said trade talks with Beijing were “moving along nicely”. Hong Kong’s Hang Seng jumped 3.9%, Shanghai Composite rose 2.4% and the yuan firmed. The moves also follow media reports that pointed to progress on the US-China trade dispute. It […]

Business

North-South house price divide ‘to narrow’

Image copyright NASA The North-South divide in house prices will narrow in the next five years as property values in northern England rise by a fifth, a report suggests. Estate agent Savills has predicted that British house prices will rise in line with average incomes from 2019 to 2024. But house price growth will range […]

Business

Ikea looks set to open more small stores in the UK

Image copyright IkeaImage caption The first – and only – “Planning Studio” was opened on London’s Tottenham Court Road Swedish furniture retailer Ikea looks set to roll out its smaller city centre store format after seeing a positive response to its first outlet in London. UK boss Javier Quinones said the London shop was a […]

Business

Apple falls below $1tn despite revenue and profit rise

Image copyright Getty Images Apple briefly lost its $1tn valuation on Thursday when its shares fell 7% in after-hours trading despite posting record results. The tech giant’s strategy of charging more for its phones has paid off, with revenues jumping in the last three months despite relatively flat sales. Revenues rose 20% to $62.9bn year-on-year, […]

Business

Mental health ‘calls for flexible sick pay’

Image copyright Getty Images Sick leave and pay should be more flexible, so people with poor mental health can avoid severe financial hardship, a charity has said. The Money and Mental Health Policy Institute said preventative, part-time sick leave would help those facing mental health difficulties. Greater access to insurance products could protect the income […]

Business

Ryanair passengers brace for new bag rules

Image copyright Getty Images Brace, brace. The latest changes to Ryanair’s baggage policies take effect today, meaning passengers who want to take anything more than a small bag on board must pay for the privilege. Only those paying £6/€6 for priority boarding will be able to take a small suitcase of up to 10kg in […]

Business

Retailer Anthropologie ‘deeply regrets’ copying designs

By Vivienne Nunis Business reporter, BBC News Image copyright Anthropologie/Tara BurkeImage caption Anthropologie has apologised after artist Tara Burke highlighted on Instagram that her work (right) had been copied by the retailer US fashion and homewares giant Anthropologie has apologised after it copied an artist’s designs and mass-produced her work without permission. Tara Burke, a […]