Business

Wine detective

Image caption Philip Moulin is head wine detective at wine merchant Berry Brothers & Rudd Philip Moulin intently studies the label on a bottle of expensive wine with a magnifying glass. He then shines a blue ultraviolet light at the bottle, before picking it up and weighing it in his hands. “Counterfeit bottles can often […]

Business

US shares mixed as dollar gets boost

Image copyright Getty Images (Close): There was no clear driver behind Wall Street’s somewhat mixed performance on Wednesday. The Dow Jones was down at 20,659.32, a fall of 42.18 points or 0.20%. The S&P 500 gained 2.56 points or 0.11% to hit 2,361.13 while the Nasdaq put on 22.41 points or 0.38% to 5,897.55. Market […]

Business

Vauxhall drops FA home nations football sponsorship deals

Image copyright Vauxhall UK car maker Vauxhall is to end its multi-million pound sponsorship of the home nations football teams after the 2018 World Cup. Vauxhall has been the lead sponsor of the England, Scotland, Wales and Northern Ireland teams since 2011. But a spokeswoman said Vauxhall wanted to start running separate marketing campaigns for […]

Business

Topshop loses managing director to The White Company

Image copyright The White Company Image caption Mary Homer will replace The White Company’s former chief executive Will Kernan Sir Philip Green’s fashion chain, Topshop, is losing its trailblazing managing director Mary Homer to The White Company. Mary Homer helped make the retailer into a global brand that constantly managed to lead fashion on the […]

Business

Pensioners' life expectancy falls back

Image copyright PA The average life expectancy of men and women at the age of 65 has fallen in the past three years, suggests data published by the actuarial profession. Updated projections from the Institute and Faculty of Actuaries suggest that men aged 65 will now live another 22.2 years, down from 22.8 years in […]

Business

FTSE 100 rises as Brexit looms

Image copyright AFP (Open): London’s leading shares edged higher in early Wednesday trading as investors awaited the start of the process of the UK’s exit from the EU. In the opening minutes, the FTSE 100 rose 27.01 points or 0.37% to 7,370.43. Best performer was 3i Group, adding 2.4% on the strength of a broker […]

Business

Toshiba's Westinghouse files for US bankruptcy

Image copyright Getty Images Westinghouse, Toshiba’s US nuclear unit, has filed for US bankruptcy protection. The US firm has struggled with hefty losses that have thrown its Japanese parent into a crisis, putting the conglomerate’s future at risk. Westinghouse has suffered huge cost overruns at two US projects in Georgia and South Carolina. Toshiba said […]

Business

US bank Wells Fargo agrees $110m lawsuit settlement

Image copyright Ben Margot Image caption America’s biggest bank was fined $185m in September last year over the scandal US bank Wells Fargo has agreed to pay $110m (£88m) to settle a lawsuit brought by customers who had accounts opened in their name without their permission. The agreement comes after America’s biggest bank was fined […]