Revenue also dropped 4.9% in 2015 to £33m while like-for-like sales fell by 6.3%.
EXCLUSIVE: Row has broken out over how many Ukip councillors support Vote Leave and Grassroots Out.
Anonymous collective renews focus on Donald Trump as the presidential race heats up.
Almost one in five SMEs want the government to clamp down on late payment.
New survey finds seven in 10 CFOs do not think Britain's business ties would be damaged by Brexit.
Matt Mahvi, chief executive of Staminus, has admitted hackers were able to breach his firm's network and steal data.
The move is expected to help save costs for RBS, which posted its eight successive annual loss in February.
The man named Eugen Razvan G said he wanted to own up to his actions.
Clyde wind farm consists of 152 turbines and is one of the biggest wind farms in Europe.
Joint report finds some 16 million people are trapped in an 'advice gap' and need financial advice.
Labour claims Chancellor avoided one-on-one, but BBC editor says he never asked the top politicians.
New method uses disposable biosensor strips to measure sugar levels.
Blockchain Capital and gaming entrepreneur Pierce speaks about opportunities for gaming on blockchains.
Prof Dasgupta recognised for lifetime of work on welfare and development economics.
China also up as its fixed-asset investment rose 10.2% year-on-year in January and February.
UK chancellor George Osborne has been asked to put an end to tax-dodging in the 16 March budget.
Deal gives startup a big jump bringing access to 600 stores.
Chancellor hopes to sell off another financial institution acquired by the taxpayer during the 2008 financial crisis
As Yahoo's future gets uncertain, so does the job of Mayer.
This new store will create about 40 part and full-time jobs.
What will Brexit mean for over two million Britons who live and pay taxes abroad?
IBTimes UK spoke with Niamh Bushnell, an Irish entrepreneur who was appointed to boost start-ups in Dublin.
While only 10% of workers had a degree in 1985, today this number is more than 33%.
Chancellor Osborne ditched major pension reforms but may still target savers with tax hikes.
Chancellor Osborne is set to back tests for driverless cars on British roads in 2017 as part of his budget announcement
Ethically sourced tea cocktails? Yes please.
Asda and Morrisons are also selling wonky vegetables.
US President Barack Obama visited SXSW to speak on the government's stand on encryption and privacy.
Tata Steel and Caparo Industries are among those whose UK plants were affected because of the steel crisis.
The rare Jaguar E-Type was first bought by Ivor Arbiter, the designer behind the Beatles' 'dropped T' logo.