Business leaders sign letter backing Remain
More than 1,200 business leaders in the UK have signed a letter supporting the UK?s continued membership of the European Union. The letter to the Times states that British businesses…
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Microsoft Sells Off Feature Phone Assets for $350m
US-based computer company Microsoft Corp. (NASDAQ: MSFT) has reached an agreement to sell its entry-level feature phone assets to China-based investment holding company FIH Mobile Ltd., a subsidiary of Taiwan-based…
Green light for Ladbrokes and Coral merger may trigger divestiture of licensed betting offices
The UK's Competition and Markets Authority (CMA), an independent non-ministerial government department with responsibility for carrying out investigations into mergers, markets and the regulated industries and enforcing competition and consumer…
Cheaper air fares contribute to fall in UK inflation
The UK's official statistical organisation, the Office for National Statistics (ONS), released its latest Consumer Price Inflation statistical bulletin on Tuesday, which shows inflation in the UK dropped to 0.3% in April this year. Consumer…
Eurozone recovery gathers pace
Economic recovery in the eurozone is outpacing both the UK and US economies with the single-currency bloc growing by 0.4% between January and March this year, it was reported on Friday. This…
Northern Powerhouse life sciences firms annually contribute £10.8 billion to the UK economy
UK Trade & Investment, Life Sciences Minister George Freeman MP and UKTI Life Sciences Organisation (LSO), which works to bring high quality inward investment into the UK, announced the publication of a report on…
Supermarket products getting smaller but the prices stay the same
Consumer association Which? published a report on Wednesday that reveals supermarket products are shrinking in size, but still cost the same. Which? research has revealed the latest products that aren’t…
Pret A Manger’s veggie sales double
Fast food chain Pret A Manger announced its full year financial results on Tuesday, which revealed a growth in sales of its vegetarian options. The company reported a 13.9% increase in…
Co-op CEO voluntarily cuts remuneration package
The Co-operative Group announced on Thursday that its CEO Richard Pennycook has asked for a substantial reduction in his remuneration package, following the completion of a rescue plan for the…
New National Living Wage results in pay rise for over one million low-paid UK workers
HM Treasury declared on Friday that the new compulsory National Living Wage (NLW) of at least GBP7.20 per hour, for workers aged 25 and above, is effective as of 1 April 2016. Chancellor…
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