Costa sees sales fall 2% on 2017
Costa coffee has reported a 2% fall in sales compared to 2017 for the first quarter of 2018, according to BBC News. The coffee chain said total UK sales were…
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Brexit bill underestimated by £10bn plus, says Committee
A parliamentary committee has said that the government has underestimated the payment to be made to the European Union following Brexit by at least £10bn, according to Reuters. Negotiations between…
EU announces retaliatory tariffs on US exports
The European Union has announced a range of tariffs to be levied against US exports, according to BBC News. The move is in retaliation to US tariffs on steel and…
Lloyds to cut back office staff, invest in tech
Lloyds Banking Group has announced plans to cut 450 back-office jobs in the latest attempt to cut costs and focus on digital initiatives, according to Reuters. The group has said…
Visa says broken switch caused 1 June payment failures
Visa has cited a broken switch as the root cause of payment processing problems on Friday 1 June that saw failed transactions across Europe, according to the Guardian. Some 5.2m…
Clydesdale and Yorkshire Banks to merge with Virgin Money
Two major banking brands are set to disappear from the High Street following a Virgin Money takeover of Clydesdale and Yorkshire banks, according to the Guardian. The £1.7bn acquisition is…
Half of British employers worry about recruitment
One in two British employers anticipate that they will struggle to recruit permanent staff in the near future, according to a survey from the Recruitment and Employment Confederation (REC) reported…
Poundworld founder considering return to ailing retailer
Struggling retailer Poundworld may not vanish from the High Street after all, following news that its founder is considering purchasing some of the stores, according to BBC News. The discount…
Islamic banks call for UK tax reforms
Islamic finance firms are putting pressure on the UK government to reform the tax system in order to provide for their growth, according to Reuters. Islamic rules on finance prohibit…
CBI President warns Brexit could lead to ‘extinction’ of UK manufacturing
The President of the CBI has warned that sections of the UK car industry face ‘extinction’ unless the UK remains in an EU customs union, according to BBC News. Paul…
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