LATEST BUSINESS NEWS

A Norwegian plane

Norwegian cuts 1,100 jobs at Gatwick as it axes long-haul flights

British Gas

British Gas owner Centrica stops customer outflow

Boohoo models

Boohoo sales soar in lockdown as it claims ‘progress’ after supply chain scandal

A Halfords worker fixing a bike

Halfords enjoys lockdown cycle boom but motoring sales fall

A Tesco Extra store

Tesco posts festive sales surge as pandemic costs set to soar to £810m

Rolls-Royce job losses

Rolls-Royce factory workers reach deal after strike action over job cuts

House with a sold sign

Surveyors’ expectations for near-term house sales at weakest levels since April

Climate change

US fund managers at bottom of the pile as investors score low on climate goals

A train station

Rail passengers urged to check journey times as timetables are cut

Notes and coins

Buy now, pay later firms facing action despite MPs rejecting regulation proposal

Coronavirus

FTSE continues losing streak as oil weighs on market

A report says the Bank of England needs to improve its messaging on quantitative easing

Bank needs to better communicate on ‘poorly understood’ QE, report finds

The symbol for Intel appears on a screen at the Nasdaq MarketSite, in New York (Richard Drew/AP)

Shares rise as tech company Intel replaces its chief executive

Piles of money

Ban on home repossessions to be extended to April under regulator proposals

Debenhams store

320 jobs to go as Debenhams permanently shuts six more stores

Plastic figures on piles of coins

Concerns many are heading for poorer retirement amid pension contributions fall

A general view of the Volkswagen Factory in Wolfsburg (Mike Egerton/AP)

Volkswagen reveals 15% drop in sales during pandemic

Trump Tower in New York (Niall Carson/PA)

New York mayor terminates city’s business ties with Donald Trump