Business

The Wall Street bank Goldman Sachs is to snub the £2bn flotation of one of Britain’s fastest-growing technology companies amid US prosecutors' efforts to extradite its biggest investor.

Travel and hospitality stocks have been hit by fears of a second lockdown, as the number of UK coronavirus cases increases.

Britain's biggest banks are in talks to set up a new vehicle that would take charge of recovering tens of billions of pounds of COVID-19 debts as lenders seek to avoid a public relations crisis when the emergency loans fall due next year.

Retailers continued their slow recovery during August, as sales volumes increased by 0.8% compared with July, according to the Office for National Statistics (ONS).

Kwik Fit, one of Britain's leading tyre-fitting and automotive repair groups, is to be put up for sale by its Japanese owner almost a decade after it last changed hands.

Ryanair has blamed European governments for "continuous changes" in travel restrictions, as it announces a 20% cut in October capacity.

The Crown Estate has said it expects the value of its profits and property to be badly affected by the COVID-19 pandemic.

Britain's economy is "less weak" than previously expected but a recent rise in COVID-19 cases could take its toll on activity, the Bank of England has said.

Caixabank has announced the terms of the acquisition of state-owned lender Bankia in a deal that will create Spain's biggest domestic bank.

Sadiq Khan is calling for the government to extend the business rates holiday for another year as companies say reintroducing the rates would be the "final blow" for those already struggling during the pandemic.