John Lewis cuts bonuses to staff for the third year
More than 90,000 John Lewis and Waitrose staff have seen their bonuses cut for the third year running, to 10% of their annual salary. Last year it was 11%, as against 15% in 2014 and 17% in 2013. The partnership announced a 24% rise in annual profits ...
The CEO of China Telecom is the latest Chinese executive to go 'missing'
Chang Xiaobing, who was recently named CEO of state-owned telecoms giant China Telecom, is the latest Chinese executive to go "missing" amid a nationwide crackdown on corruption led by the government. Beijing-based independent magazine Caijing ...
China Telecom chairman Chang Xiaobing under investigation
London house prices will nearly double within a decade
That means in 10 years time, it will cost ?430,500 to buy a place in the UK. London house prices are predicted to nearly double to ?931,000. "House prices are only going to go one way, and unfortunately that is up. For so many already priced out of the ...
Volkswagen CEO is OUT
Since that story first hit, VW's shares have been clobbered. They're down by as much as 20% as of 12 p.m. UK time (7 a.m. ET) after losing more than 20% in trading on Monday ? more than a third of the company's market value has been wiped away in just ...
UK calls for probe into VW scandal as Merkel seeks 'transparency' - as it happened
VW emissions scandal hits 11m vehicles
UK car recalls fear after Volkswagen admits rigging US emissions tests