Workers 'Need Benefits' To Avoid Eviction

Working families are becoming increasingly dependent on state benefits to avoid eviction due to a soaring housing market, a report has said. A failure to build enough new homes in recent years has pushed rents and house prices up, and led to an 86%...

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Google Beats Rivals With Low Price Laptop

Google is launching its new low-priced Chromebook laptop as rivals Microsoft and Apple prepare to release their latest gadgets. The lightweight computer will sell in the UK for around £200 and $249 in the US. It will go on sale early next week. It...

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Anglo American To Discuss Future Of Boss

By Mark Kleinman, City editor The board of Anglo American, the FTSE 100 mining group, will this week discuss demands to replace its chief executive amid growing shareholder concern over her leadership. I have learned that Anglo American directors...

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Pension Savings Gender Gap At Record High

Women are saving £780 less than men a year for their retirement, as a new survey reveals the gender pension savings gap is at a record high. This adds up to a difference of almost £30,000 over a working lifetime, according to new pensions data from...

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Financial Mood Less Downbeat - But Not For Long

The tight squeeze on household finances appears to be easing amid signs of a rise in consumer spending, according to two new surveys. Family budgets were at their least strained for almost two years in October, Markit said, helped by a near-stabilisation...

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Amazon Accused Over Ebook VAT Tax Loophole

Amazon has been accused of taking advantage of a European tax anomaly to make extra profit on ebooks sold in the UK. The online retailer moved its European headquarters to Luxembourg in 2006, meaning it pays only 3% VAT on digital books sold to British...

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Philips Profits As Restructuring Pays Off

Dutch lighting and consumer electronics firm Philips has seen earnings more than double to 170 million euros (£138m) thanks in part to its restructuring programme. Boosted by higher sales and cost cuts - including the disposal of its loss-making television...

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Lomax To Defend City Competitiveness

By Mark Kleinman, City Editor One of the City's most prominent women is joining the vanguard of British efforts to defend its financial services sector against encroaching regulation from Brussels. Rachel Lomax, former deputy governor of the Bank...

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London Black Cab Firm Calls In Administrators

The boss of the maker of the world famous London black cab has told Sky News he does not know when taxi production will resume after the firm called in administrators. Manganese Bronze's chief executive John Russell admitted crisis talks to save...

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Rosneft To Buy 50% Stake In TNK-BP From BP

BP has said it will sell its 50% stake in its joint venture TNK-BP to Rosneft as part of a £16.7bn deal. Russia's state owned oil company will pay the British energy firm $17.1bn (£10.6bn) in cash and $9.7bn (£6bn) in shares for the stake. The...

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