Image copyright Getty Images Wall Street fell on Wednesday in another day of losses, erasing the gains posted this year for two of the three main indexes. The Dow Jones Industrial Average sank 2.4% to 24,583.4 points, while the S&P 500 plunged 3.1% to 2,656.1 points. The losses pushed the two indexes into negative territory …
Image copyright Getty Images Green Party MP Caroline Lucas has said that energy generated from onshore wind is cheaper than other forms of renewable energy. What are the figures behind the claim? Renewable, or ‘green’ energy is generated from natural resources like the sun, wind and water, so they are restored and never run out …
Confused by Brexit jargon? Reality Check unpacks the basics. Source by [author_name]
Image caption Julian Dunkerton co-founded Superdry in 2003 The co-founder of Superdry is talking to shareholders about returning to the fashion retailer in the hope of reviving its fortunes. Julian Dunkerton, who stepped down as chief executive in 2014 and left its board in March, remains its biggest shareholder with an 18.5% stake. He has …
Image copyright Getty Images The state of New York has taken legal action against ExxonMobil, accusing the oil giant of misleading investors about the risks of climate change to its business. Exxon allegedly ignored the potential costs of new greenhouse gas regulations, despite assuring investors it had accounted for the risks. The company called the …
Image copyright Reuters Tesla has reported a quarterly profit for just the third time in its 15-year history. The electric car-maker made a record $311.5m (£241m) in the three months to 30 September, as the pace of car deliveries accelerated. The result is a victory for chief executive Elon Musk, who had promised a profit …
Image copyright Reuters Debenhams is understood to be seeking to close 50 of its 166 stores in a radical overhaul as it prepares to reveal a record £500m loss. The struggling department store chain has previously said 10 stores were earmarked for closure over the next five years but has raised that target. The retailer’s …
Image copyright Getty Images Listed companies must be clearer about the potential impact of Brexit on their businesses when reporting their financial results, a watchdog has said. The Financial Reporting Council (FRC) said firms needed to differentiate between specific and general Brexit threats to protect investors. The FRC said firms in general needed to be …
Image copyright Getty Images The prosperous commuter belt town of Guildford in Surrey has been named as the inheritance tax capital of the UK. As many as 658 families were subject to the tax in 2015/16, more than anywhere else in the country. On average they paid £231,000 each. By contrast, just 31 estates in …
Image copyright Getty Images Image caption Apple faces a fine roughly twice as large as Samsung’s Apple and Samsung have been fined millions of euros each by Italian authorities over “planned obsolescence” in smartphones. Apple was hit with a 10 million euro (£8.8m) fine while Samsung received a smaller bill of five million euros. “Apple …