Sports Direct Slams £73m Boss' Bonus Rejection

High street retailer Sports Direct has slammed shareholders who failed to support a £73m bonus share scheme proposed for founder Mike Ashley. The comments come as the company reported a rise in fourth-quarter sales to £360m in the nine weeks to March...

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Primark Sees Profit Up 26% In Last Six Months

Discount fashion chain Primark has seen its half-yearly operating profit rise 26% to £298m. Owner Associated British Foods (ABF) said its retail arm saw the surge in profit in the 24 weeks to March 1. Revenue in the period for Primark was up 14%, to...

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Budget Deficit Drops By 6% In Last Year

The UK budget deficit has fallen to its lowest level since the financial crisis five years ago. Official figures from the Office for National Statistics (ONS) show the shortfall in tax revenues over Government spending fell to £107.7bn in the 12 months...

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GSK In £8.5bn Deal With Swiss Rival Novartis

British drug giant GlaxoSmithKline (GSK) is to sell its oncology business to Novartis for $14.5bn (£8.5bn) and will buy the Swiss company's vaccines division. Novartis is expected to pay another $1.5bn (£900m) if certain milestones on the deal are met....

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Eight Renewable Energy Projects Get Go-Ahead

Plans for eight renewable energy projects - expected to generate enough clean power for three million homes - have been approved by the Government. Contracts for schemes including offshore wind farms and the conversion of coal-fired power stations to...

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Battle For Control Of Net Kicks Off In Brazil

The battle for control of the internet enters a new phase today when 850 experts thrash out its future in Brazil. Last month, the US announced it plans to give up oversight of the way net addresses are distributed. Now hundreds of government officials,...

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Chinese Government Shuns 'Expensive' Windows 8

Enduring Windows Operating System XPires Updated: 11:42am UK, Wednesday 23 April 2014 By Tom Cheshire, Technology Correspondent The workhorse that is Windows XP is off to the glue factory, after 12 years of dutiful service. But it can be hard...

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Eurostar Gets Big Boost From Business Travel

Cross-Channel train service Eurostar has seen a 7% increase in revenue in the first-quarter, boosted by a rise in business travellers. Sales between January and March topped £227m, as the record income for the period. Although passenger volume was...

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Factory Orders 'At Their Best Since 1995'

Manufacturing orders placed with factories have expanded at the strongest rate since 1995, a new survey has shown. The results come as the Bank of England said Britain's economic recovery was "building momentum". According to the Confederation of British...

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Ex-EMI Boss Nicoli Returns With New Music Gig

By Mark Kleinman, City Editor Eric Nicoli, the former chief executive of EMI, is returning to the music industry as an investor in Tunehog, a service that aims to stand out from a crowded digital streaming market through technology which sonically...

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