Central bank will open lending facility on three extra days to prevent financial sector suffering a credit squeeze at time of vote Bank of England governor is to face questions on Brexit. Photograph: Luke Macgregor/Reuters The Bank of England has heightened fears that Britain’s referendum on EU membership will destabilise already fragile financial markets, pledging to provide extra funds to Read More

German-owned business said it would cut jobs in the UK and overseas in the next two years Npower employs 11,500 people directly and through outsourced services, 7,500 of whom work directly for Npower in the UK. Photograph: Darren Staples/Reuters Npower plans to cut 2,400 jobs – a fifth of its workforce – to reduce costs after losing customers, offering bad Read More

High Pay Centre says £14m earned by Bob Dudley last year during crisis at oil firm shows it is ‘losing contact with reality’ The High Pay Centre asked if Dudley was being rewarded for getting rid of people. Photograph: Eric Piermont/AFP/Getty Images Bob Dudley, the chief executive of BP, earned nearly $20m last year – at a time when the Read More

Network Rail’s hiring of KPMG to market its substations to global investors marks start of privatisation, says RMT’s Mick Cash A train leaves London King’s Cross station. Only the NHS procures more electricity than Network Rail in the UK. Photograph: Frank Baron for the Guardian Rail campaigners have denounced moves to potentially sell off Network Rail’s power assets as the Read More

Retailer briefed staff about turnaround plan on Friday morning, with 220 jobs to go from stores and 150 from head office BHS is threatening to close up to half its stores if landlords do not agree to reduce the rents. Photograph: Dominic Lipinski/PA BHS plans to make more than 350 people redundant as the struggling department store chain is forced Read More

A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in the City of London, Britain in this October 1, 2008 file photo. REUTERS/TOBY MELVILLE/FILES Britain’s top share index closed in marginally positive territory on Monday, as a rally in mining stocks following new stimulus measures from China – the world’s top Read More