Image copyright Getty Images Some car buyers are being overcharged by more than £1,000 when they take out a loan to buy a car, the UK’s financial watchdog has warned. The Financial Conduct Authority (FCA) said the industry practice of allowing dealers to set their own interest rates was costing consumers £300m a year. Dealers …
Image copyright Getty Images The fashion chain, Ted Baker, says the founder and chief executive, Ray Kelvin, has resigned and will leave the company immediately. Mr Kelvin had been on a voluntary leave of absence since December last year following allegations of misconduct. These, which Mr Kelvin denies, are being investigated by the company,. In …
Image caption Musician Ollie Tobin, artist Josh Field and writer Roland Fischer-Vousden founded SET to provide artists with workspaces in London Rising rents are seeing artists priced out of major cities, but now landlords are turning to them to help protect commercial properties from squatters. Twenty-seven-year-olds Josh Field and Ollie Tobin, and Roland Fischer-Vousden, 28, …
Image copyright Reuters Image caption Meng Wanzhou’s arrest has strained relations between China, and Canada and the US The chief financial officer of China’s tech giant Huawei is suing Canada over her arrest at Vancouver airport last year at the request of the US. Meng Wanzhou was detained in December on suspicion of fraud and …
Image copyright Getty Images A group of Christian church investors is planning to put pressure on companies which have no women directors or a questionable record on tax. The Church Investors Group has pension fund members with £21bn in assets. It says it will vote against chairmen and women of boards of big companies which …
Knowing when to ask for advice is a great skill when you’re starting a business, says Pippa Murray, founder and chief executive of Pip and Nut. The entrepreneur, whose nut butters are sold in more than 5,000 UK stores, created all of her products by herself in her kitchen. But she says getting them to …
Image copyright Geneva Motor Show Image caption About 660,000 people attended last year’s Geneva Motor Show The Geneva International Motor Show, which gets under way in Switzerland this week, is one of the biggest events on the global auto industry calendar. At a time when many traditional motor shows seem to be in decline, with …
Image copyright Atlassian Image caption Scott Farquhar is estimated to be worth $7bn The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Scott Farquhar, co-founder and co-chief executive of software company Atlassian. Scott Farquhar remembers his life-changing “sliding doors” moment. The Australian entrepreneur won a …
Image copyright Getty Images Workers who sign gagging orders in return for pay-offs from their firms will still be able to report wrongdoing to the police under new proposals. The government has said it will bring in legal measures to protect workers from the misuse of non-disclosure agreements (NDAs). It wants to enshrine in law …
A new astronaut capsule, which launched on Saturday from Florida on a Falcon rocket, has successfully guided itself into the International Space Station using computers and sensors. Astronauts on board ISS have now been inside the capsule. The Dragon SpaceX demonstration flight vehicle will stay docked until 8 March when it will detach and drop …