Business

French carmaker Renault experiences document revenues

Picture copyright AFP French carmaker Renault has reported document annual revenues after a revamp of its vary boosted gross sales. Revenues rose 13.1% to 51.2bn euros (£43.6bn) final 12 months, barely forward of expectations, whereas internet earnings jumped by almost 20% to three.54bn euros. Earlier this week, Renault stated it had bought three.2 million automobiles final 12 months, a 13.four% rise on 2015, with market share rising in all areas.

Disney to purchase most of Euro Disney

Picture copyright AFP Disney is to take near-complete possession of Disneyland Paris theme park operator Euro Disney. The transfer may finish non-public investing within the firm after greater than 26 years, leaving simply two shareholders. The US leisure agency arrange Euro Disney to run the Disneyland Paris resort, which opened in 1992. Disney mentioned it might plough 1.5bn euros (£1.28bn) into the corporate and goals to purchase out non-public buyers,

Taiwan: The place Uber could not crack

Picture copyright EPA Picture caption Supporters of Uber have rallied for it to be legalised in Taiwan Uber has suspended its ride-sharing companies in Taiwan after a prolonged battle with the federal government. Since launching 4 years in the past, greater than 15 million journeys have been booked by its app throughout simply 4 Taiwanese cities. Uber says it hopes to achieve a decision with the authorities that can enable

Is India’s Infosys in a Tata-style battle?

Picture copyright Getty Pictures Picture caption Infosys was the early torchbearer of India’s IT business Lower than six months after company India was shaken up by a boardroom battle at one its most revered firms, one other Indian agency is caught up in a public spat between its founder and board, says the BBC’s Yogita Limaye. Software program firm Infosys could not have as lengthy a historical past because the

UK manufacturing ended 2016 strongly

Picture copyright PA The manufacturing sector grew sooner than anticipated on the finish of 2016 because the UK financial system continued to defy worries of a downturn following the Brexit vote. Output from the sector grew by 2.1% in December, the Office for National Statistics (ONS) said, and was up 1.2% within the October-to-December quarter. Nonetheless, the ONS warned that December’s determine was boosted by output from the “risky” prescription

Reckitt Benckiser buys child formulation agency Mead Johnson

Picture copyright Getty Photos Family items large Reckitt Benckiser has agreed to purchase US child formulation maker Mead Johnson for $16.6bn (£13.2bn) The UK-based maker of Durex and Dettol stated the acquisition would assist it develop in China, and supply “a major step ahead” in its efforts to turn into a “chief in shopper well being”. Mead Johnson makes toddler formulation beneath the Enfa model and had gross sales of

One-fifth of rail passengers purchase unsuitable tickets from machines

Picture copyright Getty Photographs Rail ticket machines trigger a lot confusion that one-fifth of passengers who use them purchase the unsuitable ticket, based on the rail regulator. Whereas 7% of individuals underpay and may very well be fined, 13% are paying an excessive amount of. The Workplace of Rail and Street (ORR) desires practice firms to refund passengers who by accident purchase tickets which are too costly for his or

Comfort retailer shoplifting ‘losses triple’

Comfort shops’ losses from shoplifting tripled final 12 months to hit a document excessive, in accordance with the trade. The Affiliation of Comfort Shops (ACS) got here up with a complete of £131m, based mostly on estimates from 7,123 outlets in England, Scotland and Wales. The findings, seen by BBC Radio 4’s You and Yours, present a median annual loss per retailer of £2,605. Retailers say the police response is

BA cabin crew to stage new four-day strike over pay

Picture copyright Getty Photos British Airways cabin crew will stage a contemporary four-day strike from 17 February of their dispute over pay, the Unite union has stated. The announcement comes sooner or later earlier than BA employees end their most up-to-date strike motion. Motion by BA cabin crew earlier this yr resulted within the cancellation of some flights. However BA stated it had flown all prospects to their locations throughout

Plumber wins staff’ rights battle towards Pimlico Plumbers

Picture copyright XP Plumbing and Heating Picture caption Gary Smith argued he was entitled to primary staff’ rights A plumber has received a authorized battle for working rights within the newest important court docket ruling over freelance operations within the trendy office. Gary Smith wished to scale back his working days at Pimlico Plumbers following a coronary heart assault. The Courtroom of Attraction agreed with a tribunal that mentioned he