Category: Business

An employee of BP Plc’s (BP.L) Australian refinery who was fired last year for mocking management online using a well-known meme of Adolf Hitler has been awarded more than A$200,000 ($143,100) in compensation. BP fired technician Scott Tracey from its Kwinana refinery in January 2019 for breaching its code of conduct after he posted a […]

Britons woke up this morning to news that the UK economy shrunk by 20.4% in the second quarter, the worst slump on record and the biggest drop of any major global economy. The crash follows a 2.2% contraction in the first quarter, meaning the economy is officially in recession. The country’s finance minister, Rishi Sunak, […]

UK economic output shrank by 20.4% in the second quarter of 2020, the worst quarterly slump on record, pushing the country into the deepest recession of any major global economy. This crash in GDP in the April-June period, compared with the first quarter, is the worst since quarterly records began in 1955. Industries most exposed […]

When Natalie Monson started her food blog 11 years ago, she didn’t expect to end up embroiled in a fight with the world’s most valuable company. But the US small business owner is now battling Apple for the right to use a pear in the logo on her recipe app. In a legal filing, Apple […]

The release of annual results at Mike Ashley’s Frasers Group – formerly Sports Direct – have been delayed for the second year running. The group’s profit and sales figures for the last 12 months were due to be published on Thursday 13 August, but have been put back a week. Last year they were delayed […]

Boris Johnson has warned the UK has a “long, long way to go” before the economy improves, after official figures showed the largest drop in employment in over a decade. “Clearly there are going to be bumpy months ahead and a long, long way to go,” the Prime Minister said. However, he said parts of […]

Customers are sending back fewer items than expected as lockdown eases, Asos has said, as it forecast bumper revenues for this year. The online fashion retailer said people were making more “deliberate purchases” rather than ordering and returning several items at a time. Sales of make-up and sportswear had been particularly strong as people were […]