Lloyds profit down following record year
Lloyds Banking Group has reported a 28% drop in first quarter profit, but said the figure was in line with expectations. The group -- which owns Lloyds Bank, Halifax and…
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Supermarket deals drive food inflation down
Grocery price inflation in the UK is continuing to come down, partly due to increased spending on promotional items, according to the latest data. Industry analyst Kantar found that grocery…
Inchcape exits UK retail arm
Automotive distributor Inchcape has agreed the sale of its UK retail operations for £346m. The business operates dealership franchises for brands including Audi, BMW, Jaguar, Land Rover, Mercedes-Benz, Toyota and…
Estate agents see increase in new buyer enquiries
Sentiment in the UK property market is gradually improving, according to a survey of estate agents. The Royal Institute of Chartered Surveyors (RICS) found that more properties are being listed…
Ted Baker to close 15 UK stores
High street clothing retailer Ted Baker is to close 15 stores across the UK and cut 245 jobs. Stores in Birmingham, Bristol, Liverpool, Oxford, Leeds and Milton Keynes among those…
Rise in mortgage rates hits UK property market
UK house prices declined in March for the first time in six months, according to the latest data from Halifax. The average cost of a home stood at £288,430 last…
Brexit fees on food imports ‘will increase prices’
New import regulations are likely to increase food prices in British shops. The Brexit-related Common User Charge will apply to imports of plant and animal products, such as cheese, fish…
Nationwide ad banned over ‘not closing branches’ claim
A TV advert for Nationwide that claimed the building society was not closing branches has been banned by the UK advertising watchdog. The ad featured actor Dominic West as an…
BT to convert 2,000 payphones into advertising screens
BT is to convert payphones into digital hubs in more than 200 towns and cities across the UK. The telecoms company has formed a 10-year partnership with outdoor media company…
Further easing of grocery price inflation
Price rises in the supermarkets are continuing to come down but consumers are still on the lookout for bargains, according to the latest data. Industry analyst Kantar has reported grocery…
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