Business News

Donald Trump says he has given his "blessing" to a proposed deal that could prevent TikTok from being banned in the US.

The Wall Street bank Goldman Sachs is to snub the £2bn flotation of one of Britain’s fastest-growing technology companies amid US prosecutors' efforts to extradite its biggest investor.

Travel and hospitality stocks have been hit by fears of a second lockdown, as the number of UK coronavirus cases increases.

Britain's biggest banks are in talks to set up a new vehicle that would take charge of recovering tens of billions of pounds of COVID-19 debts as lenders seek to avoid a public relations crisis when the emergency loans fall due next year.

Retailers continued their slow recovery during August, as sales volumes increased by 0.8% compared with July, according to the Office for National Statistics (ONS).

Kwik Fit, one of Britain's leading tyre-fitting and automotive repair groups, is to be put up for sale by its Japanese owner almost a decade after it last changed hands.

Ryanair has blamed European governments for "continuous changes" in travel restrictions, as it announces a 20% cut in October capacity.

The Crown Estate has said it expects the value of its profits and property to be badly affected by the COVID-19 pandemic.

Britain's economy is "less weak" than previously expected but a recent rise in COVID-19 cases could take its toll on activity, the Bank of England has said.

Caixabank has announced the terms of the acquisition of state-owned lender Bankia in a deal that will create Spain's biggest domestic bank.