Business

A firm which was “reckless in the pursuit of growth” and a board either “negligently ignorant of the rotten culture or complicit in it”. That’s just a couple of the scathing conclusions from MPs on the collapsed construction giant Carillion, which went bust in January with more than a billion pounds in debt and the…

The death of high street shopping has been predicted many times. But figures out today do appear to confirm a marked change in how we buy things. The last couple of months have seen visits to shops drop by almost five percent, the worst March and April since the recession almost ten years ago. Several…

The Bank of England has held interest rates and revised down its growth forecast. Helia Ebrahimi talks to Governor Mark Carney.

BT is set for a major shake-up. 8,500 of its UK workforce and over 4,000 of its overseas staff are to lose their jobs. The total is 13,000 jobs. Mostly in middle management and back office operations. BT says it is shifting strategy – moving towards super fast broadband and 5G  – plus heading towards…

Ashington in Northumberland was once a thriving mining town, but the thousands of jobs there have long gone – leaving a population struggling to find decent work and stay connected with the wider region and the country as a whole.

RBS has had to agree to a £3.6 billion penalty with the US Department of Justice to end the investigation into sales of financial products – some of them toxic mortgage bonds – just before the 2008 financial crisis. Channel 4 News has seen a damning internal review into Lloyds’ disastrous takeover of HBOS in…

The former boss of Cambridge Analytica screeched off in his Audi when we tried to ask about the company being wound up in the wake of a joint investigation by Channel 4 News and The Observer. Authorities say the firm is still under investigation, despite closing down. The Information Commissioner, Elizabeth Denham, tells us why…

Sainsbury’s planned merger with Asda is designed to help fight off competition, from cut price stores such as Aldi and Lidl and online grocery giants like Amazon. Our business editor Siobhan Kennedy went to meet the boss of Sainsbury’s to talk about whose interests will really be served by the deal.

If the merger happens, Sainsbury’s and Asda would leapfrog Tesco to become the biggest beast in Britain’s supermarket sector. Discussions with Asda’s US owners are “advanced”, Sainsbury said in a statement issued today.

The UK economy has grown at its weakest level for six years, up by just point one percent in the first quarter of the year. Downing Street said it was “clearly disappointing”, but insisted the fundamentals of the economy remained strong, while some experts blamed the winter weather. But with construction falling sharply, as well…

They know us better than we know ourselves: that’s the impression you might get from the Facebook data harvesting scandal. And while the crisis has dented the social media giant’s reputation, it has vowed to clean up its act when it comes to users’ personal details. But some of the controls Facebook has brought in…

For six weeks Cambridge Analytica has been at the centre of a global political storm over how data was harvested from millions of Facebook users. Today for the first time since the scandal broke they allowed questions from the press, two hours after an academic at the centre of the data scandal gave evidence to…

Not so much a gap – more of a chasm: the difference in gender pay across the public sector is worse than those revealed so far by private firms, according to new figures. Today is the final deadline for public bodies to reveal pay levels for men and women – and it reveals a startling…

Brexit has divided people up and down the country and the city of Sheffield is no different. There, the leave camp won narrowly – with 51 per cent of the vote. With a year to go until Brexit is due to happen, we’ve been to meet three Sheffield artists whose views capture the complex issues…