8 months 4 weeks ago

Broadcaster Channel 4 on Thursday reported its second consecutive annual loss, saying the year of 2013 was always likely to pose challenges.

The ad-funded but not-for-profit broadcaster revealed an annual deficit of £15 million, while revenues remained almost flat at £846 million last year.

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8 months 4 weeks ago

Stock in BT gained nearly 3 per cent on Thursday after the telecoms giant reported better-than-expected annual results.

Underlying pre-tax profits increased by 9 per cent to £901 million in the twelve month ended March 31, while underlying revenues jumped 0.5 per cent.

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8 months 4 weeks ago

British carrier EasyJet will soon start using drone technology/unmanned aerial vehicles (UAVs) to scan and assess its fleet of planes.

EasyJet on Thursday confirmed that it was modifying an unmanned drone in partnership with the Bristol Robotics Laboratory, CopterCraft and Measurement Solutions; and that trials of the technology could be started within the next few months.

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8 months 4 weeks ago

Europe's largest lender HSBC suffered a fall of 20 per cent in quarterly profits, despite implementing sweeping cost-cutting measures.

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8 months 4 weeks ago

Mining giant Glencore Xstrata Plc is reportedly all set to name former BP Chief Executive Officer Tony Hayward as its new chairman.

Sources familiar with the developments at the mining group said the appointment of Mr. Hayward could be announced as early as late Thursday. Mr. Hayward has been a Glencore board member since April 2011 and interim chairman since May 2013.

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8 months 4 weeks ago

Prominent environment group Greenpeace has accused the House of Lords Economic Affairs Committee of 'cherry-picking' evidence for the report that called on the government to make regulated fracking an 'urgent national priority'.

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8 months 4 weeks ago

The Royal Institution of Chartered Surveyors (RICS) has cautioned that Britain's housing crisis is getting worse as lack of supply continues to restrict the market.

The number of homes available for purchase in the market has been declining for the last four month. It is the first time that supply of residential property has declined for four months in a row since 2000.

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8 months 4 weeks ago

The Co-operative Group has welcomed former City minister Lord Myners' review report that suggests urgent radical reforms to save the UK's largest mutual.

Ursula Lidbetter, chairman of the Co-op, said they were very grateful to Mr. Myners' and his team for producing such a detailed & comprehensive review of the struggling mutual in a short span of time.

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