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Spending rate falls to lowest since 2014

UK shoppers were spending less in October than at any point in the last four years, according to a survey by payments provider Visa as reported by Reuters. Consumer spending fell by 2.0% … Continue reading “Spending rate falls to lowest since 2014”


World Bank President issues warning on robot workers

President of the World Bank Jim Yong Kim has said the world is on a “crash course” as millions of jobs become automated, according to BBC News. The chief said that policymakers need … Continue reading “World Bank President issues warning on robot workers”


CMA investigation into Fox Sky bid publishes scope of inquiry

The Competition and Markets Authority (CMA) will investigate whether Rupert Murdoch would be able to control or influence editorial decisions at Sky News as part of its investigation into the £11.7bn Sky takeover … Continue reading “CMA investigation into Fox Sky bid publishes scope of inquiry”


Peer calls for investigation into finance behind failed Monarch airline

A Labour peer is calling for an investigation into the financial arrangements of collapsed airline Monarch, according to BBC News. Lord Myners has said the preferred creditor status of Greybull Capital, which is … Continue reading “Peer calls for investigation into finance behind failed Monarch airline”


Rise in UK consumer spending

UK consumer spending in September rose at the fastest rate so far in 2017, with the exception of a peak in April around Easter, according to Reuters. A survey revealed that  price rises … Continue reading “Rise in UK consumer spending”


Microsoft steps away from Windows 10 Mobile OS

Microsoft appears to be moving away from its smartphone operating system, Windows 10 Mobile, according to BBC News. Microsoft Windows 10 chief Joe Belfiore tweeted that it was no longer a “focus” for … Continue reading “Microsoft steps away from Windows 10 Mobile OS”


Big banks lease Frankfurt offices as Brexit contingency

Speculation that London could lose out on its status as a global financial hub post-Brexit has taken a tangible turn as several major banks have agreed leases in the city’s competitor hub, Frankfurt. … Continue reading “Big banks lease Frankfurt offices as Brexit contingency”


Legal & General invests £40m into employee loan fintech startup

Legal & General has invested £40m into a fintech startup that partners with employers to offer loans to workers, according to Business Insider UK. SalaryFinance was started by Dan Cobley, former MD of … Continue reading “Legal & General invests £40m into employee loan fintech startup”


Amazon to be hit with €13bn EU back tax claim

The European Union is set to claim millions of Euros from Amazon in back taxes, according to the Financial Times. The EU’s competition commissioner Margarethe Vestager has been leading an investigation into the … Continue reading “Amazon to be hit with €13bn EU back tax claim”


2 Sisters suspends operations in West Bromwich

The 2 Sisters Food Group has suspended operations at its West Midlands site following allegations of food safety breaches, according to BBC News. The company, which is one of the UK’s largest chicken … Continue reading “2 Sisters suspends operations in West Bromwich”


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