LATEST BUSINESS NEWS

The economy shrank by more than expected

Economy shrinks by 0.5% in worse decline than economists feared as expert blames strikes and bad weather

Bernard Looney in Downing Street

Bernard Looney spent entire working life with BP before shock resignation

Mel Chittock, Judith Savage, Rob Heron and Mike Brennan

Professional services firm to create 1,000 jobs in Northern Ireland

Start Up Loans reaches £1bn lending

Government-funded loan scheme hits £1bn lending as 40% goes to female founders

Bernard Looney has resigned with immediate effect

BP boss resigns after admitting he was not 'fully transparent' about relationships with colleagues

Rishi Sunak visit to Washington DC

BP boss resigns over disclosures about past relationships with colleagues

Bernard Looney

Chief executive Bernard Looney resigns – BP statement in full

Tanks

Funding defence companies should count as ethical investment, says Shapps

Shares graph on a phone in front of London skyline

Banks help lift London’s FTSE 100 while other European stocks slide

Financial quarter

Smurfit Kappa reaches deal on megamerger with US rival WestRock

Customers walk past Wilko in Brownhills near Walsall, one of the first Wilko stores to close

Poundland owner Pepco to buy up to 71 Wilko stores

Wilko store

The full list of Wilko stores set to become Poundlands

Pound coins on notes

Ministers considering way to cut cost of triple lock pension increase

Angela Rayner addresses the TUC Congress

Angela Rayner pledges Labour will give unions new rights

Coins on top of a net pay notice

What does record wages growth mean for me and for the UK economy?

A John Lewis sign and reflection

John Lewis boss says shoplifting has become an ‘epidemic’

An elderly woman with a DWP pension statement

Pensioners set for income boost but more could be dragged into tax net – experts

Barclays to cut 450 jobs

Barclays bank to cut 450 jobs across business