Business

Shares jump on report China could scrap birth limits

[ad_1] Image copyright Getty Images Shares in Chinese firms that make and sell baby products have jumped after a report said China is considering scrapping limits on the number of children a family can have.Shares in Shanghai Aiyingshi, which has a chain of shops selling baby products, climbed 10%.Xiamen Yanjan New Material, which makes material for nappies, also added 10%.Bloomberg reported that China was investigating the impact of ending a
Business

Could smartphones replace bank branches?

[ad_1] Image copyright Getty Images Banks now send more than 16 text alerts every second in an indication of how much we now rely on smartphones rather than computers to manage our money.Some 512 million alerts were sent last year telling people their salary had been paid in or that they were heading into an overdraft, a report shows.The report, by banking trade body UK Finance, reveals our increasing reliance
Business

Comcast boosted in battle for Sky

[ad_1] Image copyright Reuters Image caption Sky is at the centre of a bidding war US cable TV giant Comcast appears to have gained the upper hand in its battle to take control of Sky.The firm's £22bn bid for Sky is unlikely to be referred to the competition authorities, the culture secretary Matt Hancock has said.Mr Hancock said he did not believe that the proposed merger raised any public interest
Business

FTSE 100 surges to a fresh record high

[ad_1] Image copyright Getty Images London's main index, the FTSE 100, has surged to a fresh record high for the second time in less than a week. The FTSE 100 index closed over 1% higher at 7,859.17, comfortably above its previous high of 7,787 on 17 May. An easing of trade tensions between the US and China cheered investors, analysts said.The dollar rose after the deal, boosting UK-listed miners, oil
Business

Cath Kidston boss poached by Dr Martens

[ad_1] Image copyright Ben A Pruchnie / Cath Kidston Image caption Cath Kidston's Kenny Wilson is to head British footwear brand Dr Martens Cath Kidston's chief executive Kenny Wilson is leaving the retailer to join British bootmaker Dr Martens. Mr Wilson, who has been with Cath Kidston since 2011, is credited with expanding its overseas business and doubling sales from £60m to £130m.From just four stores overseas seven years ago,
Business

Qatar charges against Barclays dismissed

[ad_1] Image copyright Getty Images The Crown Court has dismissed charges against Barclays Bank and its owner Barclays PLC over billions of pounds raised from Qatar in 2008.The charges were potentially extremely serious for Barclays as, if it had been found guilty, it could have lost its banking licence.Barclays said the Serious Fraud Office was likely to try to reinstate the charges by applying to the High Court.Four former Barclays
Business

US weighs plans to curb Chinese investment

[ad_1] Image copyright Reuters Image caption Are Chinese investors helping the US or threatening it? Washington is worried about Chinese investment in the US, yet is the rest of America?You might expect Leo Chan to be pessimistic about the future of Ohio, a state in the American middle west that has seen its former manufacturing might gutted by automation, foreign competition and the financial crisis.But Mr Chan, who moved to
Business

Banking by mobile app ‘to overtake online by 2019’

[ad_1] Image copyright Getty Images More consumers will use apps on their smartphone than a computer to do their banking by as early as next year, according to forecasts.Last year, 22 million people managed their current account on their phone, industry analyst CACI said.It has predicted that 35 million people - or 72% of the UK adult population - will bank via a phone app by 2023.By then, customers would
Business

Motability boss’s pay ‘unacceptable’ say MP committees

[ad_1] Image copyright Getty Images The £1.7m salary paid to the chief executive of the firm which runs the Motability disabled car scheme is "totally unacceptable," say MPs.The remuneration package of Mike Betts has grown by 78% from £954,000 in 2008.Motability said Mr Bett's pay was based on a comparison with FTSE 250 firms.The Treasury and Work & Pensions committees found funds of £2.4bn were also being needlessly hoarded. The