Business

Pet insurance payouts hit record of £785m

Image copyright Getty Images Payouts by pet insurers hit a record £785m in 2018, even though the number of claims submitted fell, according to the industry trade body. The Association of British Insurers (ABI) said…


Pinterest shares soar in stock market debut

Image copyright Pinterest Shares in online scrapbook company Pinterest have surged 25% after it floated on the New York Stock Exchange. The shares opened at $23.75 and rose to $24.89, after being priced at $19….


Debenhams boss Sergio Bucher steps down

Image caption Sergio Bucher joined Debenhams from Amazon Debenhams boss Sergio Bucher has stepped down following the recent takeover of the struggling department store chain by its lenders. The retailer was taken over earlier this…


ConocoPhillips sells off UK North Sea assets for £2bn

Image copyright Conocophillips ConocoPhillips is pulling out of UK exploration and production after selling its North Sea oil and gas assets to Chrysaor for $2.68bn (£2bn). The sale will boost Chrysaor’s production by about 72,000…


Facebook copied email contacts of 1.5 million users

Image copyright Reuters Facebook “unintentionally” uploaded the email contacts of more than 1.5 million users without asking permission to do so, the social network has admitted. The data harvesting happened via a system used to…


Amazon plans to shut online store in China

Image copyright Getty Images Amazon plans to shut its online store in China that allows shoppers to buy from local sellers as it downsizes operations in the country. The firm said it would no longer…



Crossrail ‘could be delayed until 2021’

Image copyright Reuters Image caption The Elizabeth Line had been due to open in December 2018 Crossrail could be delayed until 2021, according to a senior source associated with the project to build a new…



House price growth at six-year low

Image copyright PA House prices rose in February at the slowest rate since September 2012 while in London house prices fell, the Office for National Statistics said. Average house prices increased by 0.6% in the…