Business Blog

Billy Hayes fails in his attempt to be re-elected as general secretary of the Communication Workers Union as he loses to his deputy in a ballot of members.

Debenhams shares rise as it posts a 4.3% rise in pre-tax profit, bouncing back after a Christmas slump and beating analysts' expectations.

Supermarket giant Morrisons is to axe 720 jobs at its head office in Bradford.

South African investment firm Brait has provisionally agreed to buy an 80% stake in Virgin Active for $1bn.

Shares in arts and crafts marketplace Etsy surge 120% in their US market debut, valuing the 10-year-old Brooklyn firm at more than $4bn.

US banking giant Goldman Sachs reports a sharp rise in profits thanks in part to an improvement in trading activity at its investment banking arm.