Ex-Audi boss stands trial over 'dieselgate' scandal in Germany
Ex-Audi boss Rupert Stadler has become the first top executive to stand trial over Germany's "dieselgate" scandal, which rocked the car industry in 2015.
Mr Stadler appeared before a Munich court on Wednesday on charges including fraud, which he denies.
Audi's owner Volkswagen has admitted to installing software that cheated emissions tests in 11 million diesel vehicles worldwide fi...Continue reading
Fuller's pub chain boss warns of 10% job cuts
The boss of the pub chain Fuller's has told the BBC he may have to lay off up to 10% of his workforce.
The government's decision to encourage people to work from home will hit his firm's city-centre pubs, Simon Emeny told 5live, leading to job losses.
"We are doing everything possible to minimise that, but sadly it is inevitable," he said.
The warning follows other similar one...Continue reading
Ocado overtakes Tesco as most valuable UK retailer
Online grocer Ocado has overtaken Tesco in terms of stock market value as investors continue to bet on the firm.
Ocado is now valued at £2.17bn, more than Tesco's £2.11bn, despite having only a fraction of the UK grocery market share.
Analysts said a rise in online food shopping, plus Ocado's new tie up with Marks & Spencer, had encouraged investors.
However, question mark...Continue reading
'Chicken Licken' views will hold us back, says Bank economist
Pessimistic "Chicken Licken" views about the economy are in danger of holding back the UK's post-lockdown economic recovery, according to Bank of England economist Andy Haldane.
"Encouraging news about the present needs not to be drowned out by fears for the future," he said in a speech.
He compared negative forecasters to the children's storybook character who feared the sky would ...Continue reading
TSB to close a third of branches and cut 900 jobs
TSB will close 164 of its branches and cut 900 jobs, blaming "a significant shift in customer behaviour" as more customers bank online.
The figure is in addition to 82 it said it would close in November, when it set out plants to save £100m by 2022.
Union Unite's national officer Dominic Hook described the move as "a dark day for the finance sector".
TSB boss Debbie Crosbie s...Continue reading