Sreeram Visvanathan is the new chief executive of IBM UK and Ireland. The 53 year-old is from Bangalore in India and previously led IBM’s global Public Sector team. In the…
Category: Business
National Grid adds to power companies complaining at regulator Ofgem’s demands for spending curbs
National Grid today slammed regulator Ofgem's latest demands on how much money it should be allowed to make and invest, saying they are so stringent it will not be able…
Magazines giant Future hikes up forecasts as readers rush to view content online
Shares set to leap as company says sales "materially" ahead of expectations Magazine publisher Future today declared its profits were running way ahead of City expectations in a statement likely…
Primark sees sales rebound after lockdown
Associated British Foods said sales since reopening would hit £2bn by the end of the year. Retailer Primark has seen sales rebound since lockdown in an encouraging sign for the…
FTSE-100 rises despite rising talk of Boris Johnson undermining Brexit negotiations
Brexit takes over from Covid-19 on traders' news agendas today after reports that the Government was planning to renege on parts of Boris Johnson's EU withrdrawal agreement on Northern Ireland.…
Virgin Atlantic to cut 1,150 more jobs after completing £1.2 billion rescue deal, airline says
Virgin Atlantic plans to cut 1,150 more jobs after completing its £1.2 billion rescue deal, the airline has said. The company said the deal had been a "major step forward"…
Housebuilders face CMA probe amid concerns of potential unfair ground rent terms
The competition regulator has launched a probe into some of Britain’s biggest housebuilders, after “troubling evidence” that developers had taken advantage of customers. The Competition & Markets Authority said it…