Rolls-Royce’s new chief executive Warren East: He was forced to issue a profits warning on only his second day in the job and later in the year shocked the market when he admitted that he could not rule out another warning.  Photograph: Toby Melville/Reuters

When Rolls-Royce last cut its dividend, in 1992, Britain was mired in a long-running recession, Bohemian Rhapsody by Queen was topping the charts and (...)

The Sainsbury’s-Argos combination will have some 25 million customers, operating a chain of about 2,000 stores. Photograph: Ben Stansall/AFP/Getty Images

Supermarket group Sainsbury’s and Argos-owner Home Retail have agreed a £1.3 billion (€1.7bn) deal that will create the UK’s largest non-food retailer(...)

Tesco group chief executive Dave Lewis: uncovered scandal in his first few weeks in the job. Photograph:  in the job  Reuters

The full extent of the task facing Tesco boss Dave Lewis as he battles to repair the reputation of Britain’s biggest retailer has been underlined by (...)

 Bank of England governor Mark Carney delivers a speech on the UK economy at the Queen Mary University in London on Tuesday. Mr Carney said that there would be no interest rate rise for now. Photograph: EPA

Borrowers are delighted but the despair drags on for savers as Bank of England governor Mark Carney has made it clear that there is no prospect of an (...)

The figures from Debenhams are all the more surprising given the lacklustre performance of rivals Next and Marks & Spencer. Photograph: Brian Lawless/PA Wire

There was some good news on Tuesday for Morrisons and Debenhams as both defied gloomy expectations by checking in with better-than-expected Christmas (...)

Sainsbury’s  has made a £1 billion bid approach for Home Retail Group, owner of the Argos and Homebase chains. While shares in its target soared by a third, Sainsbury’s went into reverse. Photograph: PA/PA Wire

Lord Wolfson, the highly regarded chief executive of Next, had every reason yesterday to be grateful to Mike Coupe, his opposite number at Sainsbury’s(...)

Mike Ashley (left, with Joe Kinnear) own Newcastle United Football Club as well as Sports Direct International. Photograph: Stu Forster/Getty Images

Mike Ashley, the billionaire founder of Britain’s biggest sporting goods retailer, is a man who’s used to getting his own way. But things haven’t be(...)

Do the economics of a deal that would have created a business valued at more than £200 billion still add up?

When Royal Dutch Shell launched its blockbuster £47 billion (€65 billion) bid for BG, oil was changing hands on energy markets at about $60 a barrel a(...)

Shoppers on Oxford Street, London, on Black Friday: the overall value of goods sold, including contributions from new stores, was ahead by a lacklustre 0.7 per cent, well down on the 1.7 per cent average growth rate over the past 12 months. Photograph: Lauren Hurley/PA Wire

Andy Clarke of Asda can be forgiven for feeling somewhat smug. At the weekend, he hailed the Walmart-owned supermarket chain’s strategy of boycotting (...)

While Tuesday was Jes Staley’s first official day in the office at Barclays , the veteran American investment banker is understood to have arrived at the bank some weeks ago

It always helps to have some good news on your first day in a big new job, even if you can’t claim the credit for it. So it must have been gratifying (...)