Business News

Profits have plunged at Lloyds Banking Group in the wake of its record results last year.
The possibility of a ban on TikTok in the US has moved a step closer after the Senate agreed a landmark bill to force its China-based parent company into selling the app.
TikTok has promised a court battle over a new law that threatens to ban it in the US - with the app's boss saying "we aren't going anywhere".
The FTSE 100 has hit a second all-time closing high in as many days.
The post office scandal extends “greatly beyond” faulty Horizon software, according to a lawyer for victims.
A former HR director at the Post Office, whose misconduct claims against chief executive Nick Read were dismissed following an internal investigation, has written to MPs in a bid to plead her case.
Investors in Getir, the grocery delivery app which at one point attained a valuation of almost £10bn, are to inject yet more money into the company to fund its exit from the UK and Europe.
Associated British Foods, the parent company of Primark, says pre-tax half-year profits jumped by 37% in the six months to March.
Senior figures at the Post Office began describing computer bugs as "exceptions" as they grappled with mounting complaints from sub-postmasters about its faulty Horizon IT system, it has emerged.
Doubts have been raised over the government's ability to unveil tax cuts ahead of the next general election after official figures revealed borrowing was higher than expected in the past year.


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