Engine deal scrapped

Jag move puts Welsh factory in danger

Former Dragons’ Den star Theo Paphitis (left) has slammed Communities Secretary Sajid Javid, who oversaw a business rates shake-up. “He has got to be one of the most incompetent politicians to ever hold a cabinet seat,” said Paphitis. “I call him the minister for holidays.”

Profits at Thomson owner Tui are set to surge despite a hit from the recent devastating hurricanes across the Caribbean and Florida.

The holiday giant did not give an overall cost of the impact of Storm Irma on its business.

But the group stuck by aims to grow annual profits by at least 10% in the year to the end of September. The number of millionaires in the world rose by nearly 8% last year to an all-time high of around 16.5 million people, with a record total wealth of £47.5trillion, accordingFord’s to a report by global consultancy firm Capgemini. Forget black – tailor Moss Bros claims the next big thing in mens’ suits could be pale green and pink.

Announcing a half year profits leap of 15.7% to £4.2million, the high street firm says teens dressing up US-style for school proms are snubbing traditional grey and black suits and demanding more colourful threads. The company has also reported strong sales of checked suits among its younger shoppers. “There’ll be a lot more colours for next year”, said Moss Bros boss Brian Brick.