Business News

Russia has reportedly missed a deadline to pay investors of its international bonds, a scenario that would place it in default for the first time since the 1917 Bolshevik Revolution.

A pioneering oil-well decommissioning specialist has raised a further £50m to fuel its international expansion amid growing demand fuelled by the transition to a net-zero economy.

One of HSBC's top UK executives is quitting in a surprise move to run the Skipton Building Society, one of Britain's biggest financial mutuals.

The father-and-son duo who have built Matchroom Sport into a global sports promotion empire are plotting a deal that will cement their status among Britain’s super-rich.

Rail union boss Mick Lynch has warned his members will not hesitate to take further strike action as he said the disruptive dispute had "a long way to go yet".

The global chairman of KPMG has taken a swipe at the $80bn break-up being hatched by rival EY, implying that such a radical restructuring would be akin to an act of corporate vandalism.

Cath Kidston, the modern vintage brand, has been put up for sale just two years after collapsing into administration with the loss of nearly 1,000 jobs.

A cheap festival should not be an oxymoron but many people at Glastonbury this year are in a very different place financially to where they were when they booked their tickets before the coronavirus pandemic.

Retail sales fell in May as rapidly rising food prices and the cost of living crisis dented people's confidence in the economy and their desire to spend money.

London Underground workers have voted to strike again, as they near the end of this week's action which has seen Tube services disrupted across the capital.