Tata Steel confirms 1,050 job cuts
Craig TaylorTata Steel confirms it plans to cut 1,050 UK jobs, including 750 at Port Talbot, the UK’s biggest steelworks. BBC News – Business
Business
Corbyn warns firms over ‘unfair’ pay
A Labour government could ban companies from paying dividends to shareholders unless they pay workers the living wage, Jeremy Corbyn says. BBC News – Business
Slide in share markets continues
Wall Street tumbles as the FTSE 100 closes down almost 2%, with mining stock again leading the decline. BBC News – Business
Tesco hails ‘strong’ Christmas trading
Tesco shares jump more than 7% after the UK’s largest supermarket says Christmas trading was “strong”. BBC News – Business
VW recall plans rejected by US regulators
US regulators reject Volkswagen’s recall plan for diesel cars equipped with emissions ‘cheat’ devices. BBC News – Business
Bank customers face increase in fees
Millions of current account customers are being advised to consider their options, following an increase in fees, and changes in interest rates. BBC News – Business