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40m Braverman’s Illegal Migration Bill hits wall of opposition in Lords
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1h Phone hacking trial featuring Harry against Mirror publisher to begin
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1h Jury finds Donald Trump sexually abused and defamed writer
2h Ireland’s Eurovision hopes dashed as Nordic nations make grand final
Business
Online fashion firm Asos has slumped to an annual loss and warned it will remain in the red over the first half of its new financial year amid turnaround efforts and an ‘incredibly challenging’ economic backdrop (Asos/PA)
Business News
4m

Asos reveals widened losses amid overhaul and slumping sales

The online fashion firm reported losses of £290.9 million for the six months to February 28 compared with losses of £15.8 million a year earlier.
The staff council will vote on the performance of its boss Dame Sharon White (Mike Egerton/PA)
Business News
23m

John Lewis boss to face confidence vote over leadership

Chairwoman Dame Sharon White has come under scrutiny after saying the group is considering options for its future.
Business

Tony Blair: Listing of son’s $1bn firm Multiverse is ‘some way off’

The former Prime Minister said it wasn’t for him to decide if that listing would be in London or elsewhere

Business News

NHS boards asked to draw up plans for junior doctors’ strike

Health Secretary Michael Matheson said industrial action by junior doctors would be ‘very disruptive’.
Business News

Ryanair orders 300 new Boeing 737 Max aircraft

The deal involves firm orders for 150 of the planes and options for another 150.
Tech

EU competes with Musk’s Starlink for better broadband via nanosats

The EU has a constellation of industry giants ready to build the next-gen Low Earth Orbit tech and make global internet access cheaper for everyone

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More Business news
Business News

Lidl to build new Leeds warehouse and create 400 jobs

The plans for a new northern base come as the retailer is building its largest global warehouse in Luton, which is set to create more than 1,500 jobs.
UK

Thames Water bosses give up their bonuses after sewage leaks storm

Thames Water’s chief executive says bonuses wouldn’t be right amid ‘unacceptable standards of service for our customers’

Business News

Credit Suisse boss to join UBS board after rescue takeover closes

It is part of a major leadership reshuffle two months after the Government-led rescue takeover of Credit Suisse.
Business News

Direct Line sees ‘challenging’ earnings outlook amid soaring motor claims costs

The insurer is seeing an ongoing surge in motor repair costs due to inflation, which is expected to put pressure on earnings this year.
Money

10 days to claim pension credit and qualify for £301 cost-of-living payment

Those who successfully claim pension credit by May 19 could also qualify for the latest cost-of-living payment, worth £301.
Business News

Travelodge announces plans to recruit 400 new staff over summer

Jobs include managers, bar and cleaning staff and receptionists.
Business News

Thousands of companies facing failure without new energy contracts, FSB warns

The Federation of Small Businesses said around 93,000 small companies now say they might be forced to close down, downsize or radically restructure.
Business News

Inflation drives retail sales growth but shopper budgets remain under pressure

The latest BRC-KPMG monthly retail sales monitor reported that retail sales grew 5.1% in April.
Money

Music-related home insurance claims revealed as nations gear up for Eurovision

Aviva has seen various claims related to music events and parties over the years, including some where customers mentioned Eurovision.
UK

UK interest rates could rise to 4.5% in face of stubborn inflation

Economists think the Bank of England could raise interest rates by a further 0.25 percentage points on Thursday

Money

Intergenerational holidays popular as living costs squeeze budgets, survey finds

Some 42% of holidaymakers are planning trips with their parents and 7% are planning getaways with grandparents, according to Starling Bank.
Business News

Small business growth booms outside London as Calder Valley named UK hotspot

Local business owners said the recent cost-of-living crisis has driven support from residents for their small, independent businesses.
Business News

Asos expected to post loss as investors look for signs of growth

Investors will be keen to see if the fashion giant’s plans to return to profit have succeeded when it updates the market on Wednesday.
Business News

Pound leaps further as European markets boosted by US job figures

The FTSE 100 moved 0.98%, or 75.74 points, higher to finish at 7,778.38.
Business

HSBC bosses claim victory as shareholders roundly reject split plan

The insurance group calling for a split found few allies willing to join its side on the vote

Business News

HSBC bosses have climate protesters ejected from turbulent AGM

Shareholders also rejected a plan that could have split the global bank’s Asian business into a new company.
Business News

More workers at Amazon to be balloted over possible industrial action

Workers at two of the company’s centres in Staffordshire and Nottinghamshire are to vote on possible action over pay.
Money

£1bn expected to be withdrawn from ATMs amid bank holiday celebrations

Saturday afternoon, Sunday and Monday may well be busier than usual for ATM withdrawals, Link predicts.
Business News

Asos expected to post loss as investors look for signs of growth

Investors will be keen to see if the fashion giant’s plans to return to profit have succeeded when it updates the market on Wednesday.
Business

IHG boss who slammed London’s listing appeal will quit to return to US

Last month, Barr described London as “not a very attractive place to list new companies”

Restaurants

The Vurger Co. narrowly avoids collapse, saved at ‘the eleventh hour’

The Vurger Co. has closed its Canary Wharf site as hospitality struggles amid the cost of living crisis

Business

British Airways owner eyes summer travel boom

IAG says it is “ready to deliver” for customers during the summer travel season

Business

Forget the GDP hit and enjoy the Coronation fun

City comment: They might look the same to economists, but a Coronation is a lot more fun than a train strike

Business News

Bookings to Dublin and Rome soar as Britons head abroad for coronation weekend

Accommodation search website Trivago said it has seen bookings more than double to Rome as Briton make the most of the long weekend.
Business

International sales help Bentley profits approach record highs

Bentley made the state limousine that is likely to bring King Charles III around London over the Coronation weekend

Business News

Holiday Inn owner reports bump as China reopens

Revenue per room soared by 75% in Greater China, IHG said.
Money

Glimpses of coronations past revealed in major insurer’s archives

Aviva’s archives include a request for state coach insurance for £3,000 in 1911, as well as giving glimpses into previous coronation celebrations.
Business News

Construction begins on ‘carbon neutral’ Sutherland Spaceport

Sutherland Spaceport will be home to the rocket company Orbex.
Business News

London markets drop after rate hikes while pound strikes 11-month high

The FTSE 100 moved 1.1%, or 85.73 points, lower to finish at 7,702.64.
Business

British banks are boring — that’s how it should be

City comment: UK banking bosses are cautious sobersides compared with those who led the sector to the rocks in 2008