Category: Business

Half a million borrowers mis-sold payday loans by collapsed lender Sunny are likely to receive no more than 1% of their compensation entitlement. Administrators KPMG are emailing all those who have a right to a payout, inviting them to make a claim. But they are warning that the funds available mean they may not receive […]

Video game-maker Capcom said its computer systems were hacked earlier this week, in the latest cyber-attack to hit the games industry. The Japanese firm is behind major franchises such as Resident Evil, Street Fighter, and Mega Man. It said some of its internal networks had been suspended “due to unauthorised access” from outside Capcom. But […]

The cost of the typical UK home has risen to more than £250,000 for the first time, according to the UK’s biggest mortgage lender. The Halifax, part of Lloyds Banking Group, said house prices in October were 7.5% higher than a year ago. Demand for bigger homes had risen, with changing priorities and working from […]

Luxury carmaker Bentley has unveiled plans to go fully electric by 2030. Before then, the brand will be switching its model range to offer only plug-in hybrid or battery electric cars by 2026. Volkswagen-owned Bentley also aims to be completely carbon neutral across its manufacturing within a decade. Electric cars are growing in popularity and […]

An enormous engine, the height of three floors, growls loudly at a test centre in Copenhagen. Nearby a team of engineers supervise it from a control room resembling a ship’s bridge. Usually such an engine would be propelling a large ship across the sea, but this one is being prepared to take part in a […]

The UK’s various lockdowns have one unifying feature – a squeeze on the finances of many whose jobs have been affected. There is some help available if you are struggling to pay your bills, but it will usually require action on your part. I can’t pay the mortgage, what can I do?This is many people’s […]

Dominic Chappell, the former owner of BHS, has been sentenced to six years in jail for tax evasion. A Southwark Crown Court jury found him guilty of failing to pay tax of around £584,000 on £2.2m of income he received after buying the failed chain for £1. The court heard the 53-year-old spent the money […]