Business

Rent-to-own giant Brighthouse close to collapse

Image copyright SOPA Images Rent-to-own giant BrightHouse is close to collapse, the BBC understands, putting 2,400 jobs at risk. The company is expected to fall into administration on Monday after facing an influx of compensation claims for selling to people who could not repay. Stricter lending rules had put the business under strain long before […]

Business

Coronavirus: Key workers allowed to carry over holiday

Image copyright Getty Images Essential staff will not have to use all their annual leave allocation this year, the Government has said. The move will help key industries remain well-staffed as the UK battles the coronavirus outbreak. Business Secretary Alok Sharma said rules will be relaxed to allow up to four weeks of unused holiday […]

Business

Coronavirus: Weekly house buying interest slumps 40%

Image copyright Getty Images UK house buyer interest has slumped as people stay at home to try to limit the spread of the coronavirus, according to property listings websites. Zoopla predicts housing transactions will drop by up to 60% over the next three months. Meanwhile, an increasing number of sales that had been agreed before […]

Business

Coronavirus: Trump seals emergency virus deal worth trillions

Image copyright Getty Images US President Donald Trump and the Senate have agreed a massive economic relief package worth more than $1.8 trillion (£1.5tn). The package includes money to bail out industries that have been affected by the coronavirus crisis. Republican Senate Majority leader Mitch McConnell described it as a “wartime level of investment” in […]