Royal Dutch Shell ‘A’ (RDSA) blames falling energy prices for plunge in profits. Profits halve in final quarter as fears over global growth drag down oil and gas prices.
PG Tips and Lipton Tea poised for sale as young people switch to coffee. Unilever (ULVR) considers move after poor sales at brands including Lyon and Brooke Bond.
Jaguar Land Rover’s Ralf Speth to quit as £1.1bn cuts announced. Chief executive to step down in September as company reveals 2.8% year-on-year revenue rise.
British car manufacturing slumps to lowest level since 2010. Production declines more than 14% as carmakers face decline of exports and Brexit uncertainty.
Huawei ruling will cost us £500m, says BT Group (BT.A). Telecoms group faces big bill for stripping out banned kit from 5G broadband network.
Netflix streaming wars fuel record UK film and TV production boom. Spending on high-end TV dramas by Netflix and Amazon eclipses BBC, Sky and ITV.
