Business

Apple’s Shazam deal faces European probe

Image copyright Getty Images Image caption Wake Me Up by Swedish DJ Avicii, who died on Friday, is the most Shazamed song European regulators will investigate Apple’s planned purchase of Shazam, the music recognition app that was developed in the UK. Seven countries including France, Italy and Spain had asked the European Commission to review the deal. It said the merger could reduce choice for users of music streaming services.

Could the royal baby boost the economy?

Image copyright AFP Image caption The event proved a cheering one for these royal watchers Spring is here, the sun is shining and a royal baby has arrived making some of us (see photos) feel a bit happier. It seems overdue. Consumer confidence has been dented in recent years as wages have failed to keep pace with inflation – leading to what economists call a squeeze on real incomes. Lower

Safestyle UK: Bradford-based windows firm issues profits warning

Image copyright Google Image caption Safestyle UK has a head office in Bradford and a glass processing plant in Wombwell A double-glazing windows and doors firm has announced the departure of its chairman amid warnings about the company’s profits. Safestyle UK, based in Bradford, West Yorkshire, said “aggressive” new competition in the market was eating into its customer base. It also pointed to declining consumer confidence. The company expected 2018

Paradise Papers: Ukraine crime gang hid proceeds in luxury London flats

Image caption Four apartments in 199 Knightsbridge have been linked to the gang A Ukrainian crime gang used offshore firms in British tax havens to secretly invest millions of pounds in the UK, a BBC Panorama investigation has found. The gangsters, and in some cases family members, bought luxurious property in prime London locations, including a £12.5m flat. The daughter of a man dubbed the “Don of Odessa” is the

Basic income trial falls flat in Finland

Image copyright Getty Images The Finnish government has decided not to expand a limited trial in paying people a basic income, which has drawn much international interest. Currently 2,000 unemployed Finns are receiving a flat monthly payment of €560 (£490; $685) as basic income. “The eagerness of the government is evaporating. They rejected extra funding [for it],” said Olli Kangas, one of the experiment’s architects. Some see basic income as

Vaping firm Supreme to join London stock market

Image copyright Getty Images Manchester-based Supreme is set to become the first vaping company to list its shares on the London stock market. The company, which makes vaping liquid for e-cigarettes, plans to list its shares on AIM, a junior market on the London Stock Exchange. Surpreme, which also sells batteries and lighting products, hopes to raise around £10m to invest in the business. The company is led by chief

Capita to raise £700m as losses deepen

Image copyright Getty Images Capita has reported a £513.1m annual loss as the outsourcing firm set out plans to revive its indebted business. Capita’s profit was wiped out by £850.7m of one-off costs, mainly from writing down the value of acquisitions made under its previous management. The company said it would raise £701m through a rights issue to fund a reorganisation of the business. Capita operates the London congestion charge

Makeup makeover

Image copyright Mecca Image caption As a child Jo Horgan liked to watch when her mother put on her makeup For many women buying makeup in a department store can be an intimidating experience, and Jo Horgan was no different. The 49-year-old says that she often found it uncomfortable that different brands would have their own counters or concessions, staffed by women who would only push those lines of products.

Interest rates to rise twice this year, says EY Item Club

Image copyright PA The Bank of England is likely to raise interest rates twice this year and twice in 2019, despite a sluggish economy, says a forecasting body. Bank governor Mark Carney has said a rate rise is “likely” this year, but any increases will be gradual. However, the EY Item Club said a tight labour market and firming earnings growth were likely to fuel “hawkish instincts” at the Bank.

TSB customers report online problems

Image copyright AFP/Getty Images TSB customers have reported problems with their online banking after weekend upgrades to the company’s systems. The bank warned its users that it was carrying out upgrades between 16:00 BST on Friday and 18:00 on Sunday. But a number of customers were still facing problems on Sunday evening. One customer was credited with £13,000 he didn’t have, and could see details of someone else’s account. TSB