Housing price slowdown in Q1 2019
The Halifax survey of British house price growth shows a slowdown in the first quarter of 2019 in annual terms and a subdued outlook, according to Reuters. Uncertainty about Brexit…
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FCA floats basic savings rate plan
The Financial Conduct Authority (FCA) has proposed a minimum interest rate for savings accounts to improve returns for loyal savers, according to BBC News. The FCA has said savers who…
Hot weather could worsen Brexit-related food shortages
The prolonged hot weather in the UK could impact food supplies later in the year, worsening the impact of any disruption caused by a no-deal Brexit, according to the Food…
Supermarkets struggle amid CO2 shortage
A shortage of carbon dioxide is causing problems in the food retail sector, according to BBC News. The gas is used to carbonate drinks and is also deployed to stun…
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…
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…
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…
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…
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