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Company directors are the victims of one in five cases of identity fraud, according to fraud prevention organisation Cifas. They account for 19% of victims of these type of fraud cases, despite making up less than 9% of the UK population. Directors have been targeted directly by scams owing to…

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Image copyright DFS Shares in DFS Furniture have plunged by 22% after the sofa specialist issued a profit warning. The company blamed the general election for contributing to a sharp fall in demand in the second half of its financial year. It now expects its underlying annual profits to be…

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Image copyright Getty Images One in 10 clients of a debt charity have no bed to sleep in and eight in 10 say their financial situation leads to sleepless nights. A review of visitors to Christians Against Poverty also found that three-quarters of them were afraid to open their post….

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Image copyright GEOFF CADDICK The amount of money workers are taking home continues to fall as inflation takes its toll, official figures show. Average earnings fell in real terms by 0.6% in three months to April, compared with the same period last year. Before inflation, earnings rose by 1.7% excluding…

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Image copyright Getty Images There is no doubt that Travis Kalanick, the billionaire founder of the Uber lift-sharing platform, built a company that is one of the giants of Silicon Valley. However, recent months have seen him make a series of apologies for both his own behaviour and that of…

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Image copyright Reuters The government should rethink its Brexit strategy, following last week’s election, according to the engineering industry organisation, the EEF. It said without a more pro-business stance, the resulting political instability may force more firms to alter their plans “away from the UK”. The EEF is the latest…

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Image copyright PA The rising cost of foreign package holidays and imported computer games helped to push the UK inflation rate up to 2.9% last month from 2.7% in April. The latest inflation rate is the highest since June 2013, and above the Bank of England’s 2% target. The Office…

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Image copyright Getty Images Emil Michael, Uber’s senior vice-president and a close ally of chief executive Travis Kalanick, has left the company, employees have been told. His departure was said to be one recommendation of a report by former US Attorney-General Eric Holder about the company’s culture and practices. Uber…

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Media playback is unsupported on your device Media captionWATCH: First look at the Xbox One X Microsoft has unveiled the latest games console in its line-up, a more powerful version of the Xbox One called the Xbox One X. The tech giant touted the machine’s specs, including its ability to…

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