John Lewis Partnership profits fall 53.3%
Profits of the John Lewis Partnership have fallen more than 50% following a major programme of restructuring and redundancies, according to the BBC. A £56.4m transformation programme meant that profits…
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Fox’s Sky bid to be referred to CMA
An additional hurdle has been placed in the path of Rupert Murdoch’s bid to become majority shareholders of Sky TV. Culture secretary Karen Bradley has indicated she will refer the…
Boeing urged to save Ulster peace by dropping Bombardier complaint
The UK Prime Minister has warned the US Vice President that a dispute between Boeing Co and its Canadian competitor Bombardier could have dire consequences for the peace process in…
Offshore wind energy cheaper than nuclear for the first time
The cost of energy generated in the UK by offshore wind is cheaper than nuclear power for the first time, according to figures from the Department for Business, Energy and…
France seeking veto over post-Brexit UK clearing houses
France is seeking to give European Union regulators a veto over how Britain supervises Euro-denominated trades in UK-based clearing houses after Brexit. In June, a draft law was prepared by…
Economists do not expect interest rate rise until 2019
A survey of economists has revealed that UK interest rates are not expected to rise until 2019, despite inflation being above the Bank of England’s target. A BBC survey found…
Investment advisory costs rise 17% in three years
Asset management has become less profitable as investment advisory costs rise while management fees fall, according to a new report from fund research body Fitz Partners. According to the ‘Investment…
Millennials Reject Workplace Pension Opt Out
Millennials have embraced the new automatic enrolment in a workplace pension, according to research by Royal London. A survey found that 71% of Millennials decided not to opt out of…
Can online estate agencies disrupt an entrenched property industry?
Offline agents have for a long time dominated the real estate industry and led many people to believe that they are unshakable. The revolution on how people buy and sell…
Competition authority to look at price comparison sites
The UK’s competition watchdog has launched a market study into price comparison websites to investigate how they generate a profit and whether the arrangements they make with suppliers might restrict…
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