• 13 December 2018 Image copyright TUI A rise in hotel and cruise bookings has helped European travel group Tui sail through another year with more than 10% growth in profits. It said next year, profits would grow a similar amount as customers also bought more excursions and holiday activities.Tui has seen double-digit growth for the last four years. Last month, smaller UK rival Thomas Cook...

  • 13 December 2018 comments Image copyright Getty Images Sports Direct boss Mike Ashley has said his firm faces "significant challenges" in turning around the House of Fraser store chain, which it bought in August.Mr Ashley said he believed that its previous management team "traded the business whilst it was insolvent for a long time".However, he repeated his intention to turn House of Fraser into...

  • 13 December 2018 Image copyright Getty Images Image caption President Trump had called on Apple chief Tim Cook to create more US jobs Apple has announced plans to build a new campus in Austin, Texas, saying the project will involve a $1bn (£790m) investment.The company already has an existing base in the city.The iPhone-maker said it expected the latest move would eventually make it the...

  • 13 December 2018 comments Related TopicsBrexit Image caption Surveyors like Mark Hunter say Brexit will affect confidence for a while to come Uncertainty and gloom about Brexit are likely to hit the UK housing market well into next year, surveyors believe.The latest report from the Royal Institution of Chartered Surveyors (RICS) predicts that the number of homes being sold - and their prices -...

  • 13 December 2018 Image copyright Getty Images Image caption European Central Bank chief Mario Draghi The European Central Bank has confirmed it is ending its huge net asset purchase programme to stimulate the eurozone economy this month. The ECB has stopped its bond-buying scheme, worth €30bn a month, despite a recent slowdown in the bloc's recovery.The move, first announced in June, is a...

  • 13 December 2018 comments Image copyright Getty Images Shares in fashion chain Bonmarché fell sharply after the group warned it could slip to a full-year loss of up to £4m.The budget retailer's shares lost 50% and were still 40% lower at midday. The decline follows "extremely poor" Black Friday sales and continuing subdued shopper demand amid Brexit uncertainty.Bonmarché...

  • 13 December 2018 comments Image copyright Virgin Galactic Image caption Virgin Galactic's plane will be carried to a height of 12,000m before its rocket ignites The latest test flight by Sir Richard Branson's Virgin Galactic successfully rocketed to the edge of space and back. The firm's SpaceShipTwo passenger rocket ship reached a height of 82.7km, beyond the altitude at which US agencies have...

  • 13 December 2018 Image copyright PA Sports Direct's owner Mike Ashley has written a bluntly worded letter to the boss of Debenhams discussing his offer of a £40m investment in the struggling department store chain.The letter, addressed to Sergio Bucher, suggests without the money the company "has zero chance of survival".Mr Ashley writes he is frustrated Debenhams doesn't want his...

  • 12 December 2018 Image copyright Reuters Just under two million TSB customers were unable to carry out online banking transactions on Wednesday morning after maintenance work overran.It is at least the third time this year that account-holders have been hit by technical problems.Maintenance work was due to finish at 06:00 GMT on Wednesday morning, but online banking was not restored until after...

  • By Dharshini David Economics correspondent, BBC News 12 December 2018 Image copyright Getty Images Image caption Investors increasingly fear there there could be a recession in the US Recessions are painful. Shrinking output tends to mean huge job losses, stagnant incomes and widespread misery.And when that recession is in the world's largest economy, it's a major headache for its trading...

  • 12 December 2018 Related TopicsSainsbury’s-Asda merger Image copyright Getty Images Shares in Sainsbury's closed more than 5% lower after the retailer said it was seeking to delay an investigation into its proposed merger with Asda. The Competition and Markets Authority (CMA) has denied its request for an 11-day extension but Sainsbury's said it would appeal against the decision. The move...

  • 12 December 2018 Image copyright Getty Images Twitter boss Jack Dorsey has responded to criticism of his 10-day meditation retreat in Myanmar, saying: "I don't know enough and need to learn more."Last year, Myanmar's military launched a violent crackdown after Rohingya militants attacked police posts.Since then thousands of people have been killed and over 700,000 Rohingya refugees have fled the...

  • 12 December 2018 comments Image copyright Dixons Carphone Image caption Dixons Carphone employs more than 42,000 people in eight countries Shares in Dixons Carphone closed 6% lower after the retailer wrote down the value of its mobile business, Carphone Warehouse. The retailer, which also owns Currys PC World, posted a loss of £440m for the six months to 27 October - down from profit of...

  • 12 December 2018 comments Image copyright Reuters Superdry, best known for its coats and hoodies, has warned of weaker than expected profits, saying shoppers have not bought extra winter layers this year.It now expects annual profits of between £55m and £70m - analysts had been expecting around £84m.The announcement hit Superdry's shares and they closed more than 38% lower.The...

  • 12 December 2018 Image copyright Reuters Image caption Tencent executives celebrate the firm's listing on the New York Stock Exchange Shares in Tencent Music Entertainment Group, China's music streaming giant, jumped 10% on their first day of public trade in New York.The listing raised about $1.1bn (£870m) for the firm, based on an initial share price of $13.Shares later gained about 10%,...

  • 12 December 2018 Image copyright Alamy Image caption Gal Gadot played Wonder Woman as an invincible warrior princess If you liked Wonder Woman and Moana in part because they were films led by strong female characters, then it looks like you weren't alone.Conventional wisdom in Hollywood is that male stars are a bigger box office draw, often the reason given for their higher salaries.But that may...

  • 12 December 2018 Image copyright Facebook Image caption Ms Brockell said many other bereaved parents had contacted her to tell of similar experiences The mother of a stillborn child has called on tech companies to rethink how they target ads after she was inundated with baby-related promotions.Gillian Brockell wrote to Facebook, Instagram, Twitter and Experian, saying if they were smart enough...

  • "Stocks will rally sharply under Trump's election win on hopes of not just corporate tax cuts, but also deregulation and government spending. He also promises a simplified tax system with tax cuts across the board. In my view bank equities will soar as Trump will implement deregulation of the financial sector and its my belief he will abolish the Dodd Frank law and Volker rule. I believe from the...

  • US import prices increased 0.6 percent month-over-month in August of 2017, recovering from a downwardly revised 0.1 percent drop in July and above market expectations of 0.4 percent. It was the first gain in import prices since April and the largest since January as cost increased the most for industrial supplies and materials and finished goods and foods, feeds and beverages. Senior analyst Alan...

  • 12 December 2018 Related TopicsConfidence vote in Theresa May Image copyright Getty Images The pound has risen amid speculation that Prime Minister Theresa May will win the vote of confidence in her leadership on Wednesday evening. The currency is trading 1.4% higher against the dollar at $1.2660 and 0.9% higher against the euro at €1.1132.On Tuesday the pound hit 20-month lows against the...