Tesla is making a “significant investment” in expanding its European operations, its CEO, Elon Musk, told investors on Tuesday, announcing a new “gigafactory” battery production plant and an automated manufacturing research centre.
Britain’s top companies should ensure that more women make it on to executive committees as well as into boardrooms, a government-backed review has recommended.
Tesco Bank has revealed that the “unprecedented” attack on its online accounts at the weekend resulted in the loss of £2.5m. The banking arm of the supermarket chain also revised down the number of accounts from which money was removed from 20,000 to 9,000 and announced that banking services had been restored for all its customers.
Ryanair’s chief executive has said fares in Europe will fall heavily this winter as he criticised Theresa May for having no strategy for Brexit.
German prosecutors have deepened the crisis at Volkswagen by widening an investigation into suspected market manipulation to include the chair of the carmaker’s supervisory board, Hans Dieter Pötsch.
Marks & Spencer is expected to announce the closure of up to 30 stores next week as part of an attempt to revive the British retailer.
People who immigrate to the UK do not take jobs from local workers, the former chancellor George Osborne has said.
Tax inspectors targeting Britain’s wealthiest people have identified potential evasion and avoidance worth nearly £2bn, but have pursued only one successful criminal prosecution, a National Audit Office report reveals.
Tesco is facing a claim of more than £100m in damages by a group of investors who say the supermarket made misleading statements to the stock market.
Sports Direct and its shareholders are struggling to agree on a heavyweight individual to conduct an independent review of the business before a second vote to re-elect its chairman that must take place by early January.
Asda is considering scrapping the morning perk of free tea and toast for its staff and may also close its canteens in an attempt to cut costs.
The founder of easyJet has opened a discount food store that is selling everyday groceries for 25p each.
The UK’s oil and gas industry expects to continue shedding jobs and heavily cutting its costs despite reducing its workforce by more than 65,000 in the last 20 months.
A new lung cancer pill from AstraZeneca has been approved by US regulators, in a major boost for the British drugmaker.
Up to 300 jobs are at risk at London-based ready meals company Bakkavör Meals after it lost a contract to supply Tesco with mashed potato.
Tesco could face a £500m fine for the accounting scandal at the retailer, analysts have warned.
The UK has recorded its biggest monthly car sales in almost 20 years, with more than 500,000 new vehicles registered in March.
Banks, miners, energy groups and building materials specialists are among companies in shareholders’ sights as discontent mounts over exorbitant pay deals for boardroom bosses.
Opec struggles to speak with a single voice these days, so it was always a wobbly assumption that the cartel of oil producers would be able to agree a deal with non-members, such as Russia, to curb output.