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M&S to close 100 UK stores by 2022 as it speeds-up change

LONDON British retailer Marks & Spencer plans to close more than 100 stores in its home market by 2022, accelerating a drive to re-shape its business as it strives to make at least a third of sales online.

Recent Business News

FTSE builds on record as financials, miners advance

LONDON The UK's top share index ventured further into new territory on Tuesday as shares in financials rose and miners were buoyed by a weaker dollar, though a number of smaller British retailers suffered after giving updates.

11:42am BST

Investors turn up heat on Shell over climate targets

THE HAGUE Top investors in Royal Dutch Shell on Tuesday stepped up pressure on the oil and gas giant to commit to hard targets to reduce greenhouse gas emissions to battle climate change.

12:42pm BST

UK watchdog tells banks to fight cybercrime with innovative tech

LONDON Banks and other financial firms have rejected over a million new customers and cut off 370,000 existing ones due to financial crime concerns, Britain's Financial Conduct Authority said on Tuesday.

12:07pm BST

Renault-Nissan-Mitsubishi VC invests first $50 million in startups

TEL AVIV The Renault-Nissan-Mitsubishi alliance's new venture capital fund has agreed five investments in four months totalling $50 million (37 million pounds) and will present another to its supervisory board next week, the fund's head said.

1:04pm BST

UK brings more charges against two people in Unaoil investigation

British prosecutors have brought further charges against two people in an ongoing investigation into alleged bribery and corruption at privately-held Unaoil, a Monaco-based oil and gas services company.

1:12pm BST
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