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Cheaper airfares helped to pull Britain’s inflation rate down to 2.4% last month
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The FTSE 100 was on the slide this morning after two consecutive record high closes. Investors appear to be cashing in on the sharp rises to bank some profit after the market began to look a touch overdone.
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Annually the value of homes was still growing however, with an increase of 4.2 per cent on March 2017 taking the average price up to £224,000.
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The UK's biggest car maker reports a drop in profits after slowing sales growth and more business investment.
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French president said to be seeking frank exchange with tech bosses including Facebook CEO Fresh from
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US pay TV giant, which is mounting separate bid for Sky, is in ‘advanced stages’ of putting together all-cash offer Comcast has confirmed it is preparing to top Disney’s $52bn (£39bn) bid for 21st Century Fox. The US pay TV giant, which is also mounting
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Taxi app Uber is giving European drivers access to medical cover, sick pay and parental leave.
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It's the very car used in the famous opening chase scene of the '90s Bond movie, where 007 dices with arch villainess Xenia Onatopp in her Ferrari 355 through the hills above Monaco.
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In the worst case Santander customers are charged £179 for using a £100 overdraft for 30 days. According to Which? banks earn some £1.2bn a year from unauthorised overdraft fees.
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Buyers ‘sense blood in the water’ as annualised inflation for London dips to minus 0.7%
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Cornwall creamery expansion to be funded partly by sale of £70m of new shares to institutional investors Dairy Crest has announced plans to invest £85m in the expansion of its cheese factory in Cornwall to meet growing demand for cheddar in markets such as China. The company behind the mature cheddar brands Cathedral City and Davidstow said the investment would be phased over the next five years and funded partly by the sale of £70m of new shares to institutional investors.
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The internet, along with younger, sharper rivals, threaten the dominance of the grande dame of retail Profits are down sharply at
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Pace of growth slows but the average UK property now costs £224,00 - £9,000 more than March 2017.
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Annually the value of homes was still growing however, with an increase of 4.2 per cent on March 2017 taking the average price up to £224,000.
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The prospect of an increase in UK interest rates this year recedes after inflation dips in April.
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Lower airfares helped bring down consumer price index last month, says ONS UK inflation unexpectedly fell further last month to the lowest level in more than a year, as lower airfares provided some relief for cash-strapped Britons. The consumer price index dropped from 2.5% in March to 2.4%, according to the Office for National Statistics (ONS). Economists had expected the annual rate of growth in prices to remain unchanged.
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Analysts say the prospect of a rate rise this year has receded after a fall in inflation.
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Consumer Price Inflation (CPI) was 2.4 per cent in April, down from 2.5 per cent in March. Analysts had expected the rate to hold steady.
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The profits were dragged down by £321.1million in costs linked to a store closure programme. But when adjusted, with costs stripped out, pre-tax profit fell 5.4 per cent to £580.9million.
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Cheaper airfares helped to pull Britain’s inflation rate down last month
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Chief executive Steve Rowe says customers need to have a "better experience" when shopping in M&S stores
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Consumer Price Inflation falls to 2.4% in April - its lowest level since March 2017.
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Consumer Price Inflation falls to 2.4% in April - its lowest level since March 2017.
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Fraudsters stole the entire £1,600 in Tracey Best's TSB current account, leaving the mother from Woodbridge, in Suffolk, having to feed her family from tins in her kitchen cupboards.
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Consumer Price Inflation falls to 2.4% in April its lowest level since March 2017.
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The expense of shutting stores contributes to a big slide in annual profits, as sales keep falling.
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All the day’s economic and financial news, including the latest UK cost of living figures
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Figures from analysts at Global Data suggest M&S’s market share by the end of 2018 will be 7.6 per cent, while Primark’s will be 7 per cent.
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Welcome to the smart-home revolution. Within a few years, experts expect most new household appliances will be controlled by our phones and be able to 'talk' to one another.
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All the day’s economic and financial news, including the latest UK cost of living figures
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In Wellingborough in Northamptonshire, a property in band D - the most common council tax bracket - was charged £245 a year in 1993. Now, the annual bill is £1,625.
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Research by charity Age UK has found that four in ten councils are telling the elderly and vulnerable that they must go online to claim housing benefit or a reduction in their council tax.
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Fraudsters stole the entire £1,600 in Tracey Best's TSB current account, leaving the mother from Woodbridge, in Suffolk, having to feed her family from tins in her kitchen cupboards.
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The watchdog launched a formal investigation into the telecoms giant last summer into the fairness of its terms and conditions after receiving scores of complaints from customers.
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The profits were dragged down by £321.1million in costs linked to a store closure programme. But when adjusted, with costs stripped out, pre-tax profit fell 5.4 per cent to £580.9million.
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A costly store closure plan contributes to a 62% fall in annual profits.
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Clothing and food sales fall as closure plan incurs £321m bill
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The FTSE 100 ended the day 18.3 points or 0.23 per cent higher at 7877.5 after breaching 7,800 for the first time yesterday..
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A big charge to cover store closures contributes to a 62% fall in annual profits.
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A big charge to cover store closures contributes to a 62% fall in annual profits.
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The alarm company continues to overcharge customers by shocking amounts. Has anyone had an even bigger bill?
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Arriva has run the Wales and Borders franchise since 2003 but pulled out of the race in December.
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Fraudsters stole the entire £1,600 in Tracey Best's TSB current account, leaving the mother from Woodbridge, in Suffolk, having to feed her family from tins in her kitchen cupboards.
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Supporters say Dodd Frank reform will helps banks grow, but critics warn of a return to reckless behaviour.
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After years of growth, the UK's challenger banks are fighting hard to survive in a tough new market.
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Joe Garner, chief exec, of Britain’s biggest building society, said more than 40 per cent of new accounts opened in the year to April were set up by customers who physically visited branches.
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If you are selling your home you're missing a trick if you have a separate dining room or area and do not show it off to its full potential, say property design experts and estate agents.
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The power giant had sold debt belonging to several thousand energy accounts to a debt recovery agency Lowell. But many of these accounts were held as 'occupier only'.
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Bank of England governor Mark Carney emerged from a light sauteing by the Treasury Select Committee yesterday with barely a hair from his immaculately coiffed head out of place.
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Sales at John Lewis fell 6.3 per cent last week as shoppers stayed outside, but its Waitrose chain saw a 3.3 per cent boost as people stocked up on champagne for the royal wedding.
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Stacey Cunningham, 43, will take over from current president Thomas Farley later this week. She is being promoted from chief operating officer and has worked at the Wall Street institution for decades.
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The Dow Jones fell after Trump said he isn’t satisfied with US-China trade talks and cast doubt on the North Korea summit The Dow Jones stock index dropped 200 points on Tuesday after Donald Trump said he is not satisfied with
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The president faces criticism after saying he may fine the Chinese telecoms firm rather than ban exports to it.
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M&S has revealed that it will close 100 stores in the next four years in a new terrible blow to Britain's high streets.
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The Chancellor pledges full-fibre connections for most homes and businesses by 2025.
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Chancellor sets target for most homes and businesses to have full-fibre connections by 2025
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Construction firm says bad weather will add tens of millions to scheme already hit by collapse of Carillion The construction firm Galliford Try blamed freezing weather earlier this year for delays to the Aberdeen bypass that will add tens of millions to costs incurred from the collapse of Carillion, its former partner on the project. Galliford Try
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With new checks added to the MOT making it harder to pass, a new calculator has been launched that claims to predict how much you will have to pay in repairs for your car to sail through the test.
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The Bank of England boss Mark Carney (pictured) said the Britain's relative slow down compared to other leading economies since 2016 meant people had lost ground.
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The Brexit vote has lowered growth by up to 2%, Bank of England Governor Mark Carney says.
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Bank of England governor’s comments risk renewed confrontation with Brexiters British households are more than £900 worse off after the vote to leave the EU, according to the governor of the
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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The FTSE 100 reached a new record high today, closing 18.28 points higher at 7,877.45. The index also hit a new all-time trading high of 7,903.50 earlier in the session.
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A former Uber engineer is suing the firm for sexual harassment and discrimination.
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As one of the UK's best-known retailers plans to close dozens of stores, how can it stem the decline?
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Tesco is shutting its website, Tesco Direct, putting up to 500 jobs at risk.
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The move, which will include the closure of the fulfillment centre at Fenny Lock which handles orders, puts 500 jobs at risk.
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The president prides himself on his deal-making, but the Chinese are claiming the upper hand.
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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Supermarket says Tesco Direct faces high costs, will not become profitable and will be closed.
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500 jobs at risk as company concludes it cannot make the loss-making arm profitable Tesco is shutting its clothing and homewares website Tesco Direct in a surprise move that puts 500 jobs at risk. Staff were briefed on Tuesday afternoon about the decision to close the loss-making website which was the supermarket giant’s attempt to take on Amazon.
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The regulator´s decision follows a formal investigation into the fairness of the company´s terms and conditions.
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Oil firm grilled over carbon emissions, but defeats motion calling for tougher targets Shell investors have rebelled over the company’s executive pay, as the Anglo-Dutch oil company came under pressure to take stronger action on climate change. While chief executive Ben van Beurden’s €8.9m (£7.79m) pay package for 2017 was approved, more than a quarter of shareholders voted against the firm’s remuneration report at its annual general meeting on Tuesday.
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Only three African nations appear in the list: South Africa, Nigeria and Egypt
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Oil firm grilled over carbon emissions, but defeats motion calling for tougher targets Shell investors have rebelled over the company’s executive pay, as the Anglo-Dutch oil company came under pressure to take stronger action on climate change. While chief executive Ben van Beurden’s €8.9m (£7.79m) pay package for 2017 was approved, more than a quarter of shareholders voted against the firm’s remuneration report at its annual general meeting (AGM) on Tuesday.
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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The North Sea Rhum field news came as BP announced it is to cut 3% of its global workforce.
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Lower than expected government borrowing in April could give more scope for spending in the next Budget.
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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The retailer has revealed that it is to close more than 100 outlets over the next four years
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Measures include autonomous emergency braking, lane-keep assistance and fatigue monitoring systems, all of which could save an estimated 7,300 lives between 2020 and 2030.
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Flaws pointed out in a review of Tesla's Model 3 have prompted Elon Musk to make changes.
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The oil giant co-owns the Rhum field - north east of Aberdeen - but is in the process of selling its stake.
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European cannabis industry could be worth €56bn but Britain is missing out as other countries such as Germany move to legalise
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The government launches a legal bid to unfreeze £400m fund set up 90 years ago to pay off national debt.
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The retail giant accelerates a closure programme it says is "vital for the future of M&S".
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The value of the digital currency has shifted wildly over recent weeks. This article is being regularly updated with the latest changes
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The price of bitcoin rose more than twenty-fold in 2017, generating huge amounts of interest in the cryptocurrency.
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Some 84 per cent expect home values in their area to increase before the end of the year - up from 70 per cent recorded in November 2017, Zoopla said.
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Retailer, which has already axed 21 outlets, reveals 14 more that will shut in next year
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Company to close 100 premises by 2022 to downsize faltering clothing and home business in favour of online sales and thriving grocery offering
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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Both the NYSE and the Nasdaq will be run by women following Stacey Cunningham's appointment.
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Mr Carney said that the economy has underperformed the Bank's pre-referendum forecasts and that the Leave vote was the culprit.
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The mutual said mortgage lending fell by 34 per cent to £5.8billion in the year to 4 April, from £8.8billion the previous financial year.
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The entertain and tech giant is paying twice what the operation was worth when it last changed hands six years ago
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In June, a California groundskeeper will make history by taking company to trial on claims it suppressed harm of Roundup At the age of 46, DeWayne Johnson is not ready to die. But with cancer spread through most of his body, doctors say he likely has just months to live. Now Johnson, a husband and father of three in California, hopes to survive long enough to make Monsanto take the blame for his fate.
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Marks & Spencer has announced plans to close more than 100 stores over the next two years as part of a restructuring plan.
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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The retail giant accelerates a closure programme which it says "is vital for the future of M&S".
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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Oil giant is in the process of selling its stake in the Rhum field to a smaller British company
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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All the day’s economic and financial news, as four Bank of England policymakers are questioned by the UK’s Treasury committee
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Baby goods firms soar on a report that China is considering abandoning control of family sizes.
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Supermarket made decision based on research by Women's Institutes
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The deal gives the Japanese firm more than two million songs by artists including Queen and Alicia Keys.
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Anti-establishment Five Star Movement (M5S) and anti-migrant League name lawyer Giuseppe Conte as Italy’s next leader Italy’s president is today in talks as the country awaits news about whether an unknown law professor without any political experience will be approved as the next prime minister. The country’s two populist parties – the anti-establishment Five Star Movement (M5S), and the anti-migrant League – announced a joint agreement naming Giuseppe Conte, 53, a lawyer and M5S member, as the next leader of the eurozone’s third largest economy, after Matteo Salvini of the League, and Luigi Di Maio, of the M5S, ruled themselves out.
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Michael O’Leary unscathed despite insulted pilots, cancelled flights and rising oil prices Ryanair cancelled thousands of flights last year, insulted its pilots but then was forced to recognise their unions, and generally generated an above-average level of bad publicity, even by its own elevated standards. The financial effect of the disharmony? Roughly zero. At the after-tax level,
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Fabletics signed her up to VIP membership even though you have to be 18 to buy anything
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Michael O’Leary unscathed despite insulted pilots, cancelled flights and rising oil prices Ryanair cancelled thousands of flights last year, insulted its pilots but then was forced to recognise their unions, and generally generated an above-average level of bad publicity, even by its own elevated standards. The financial effect of the disharmony? Roughly zero. At the after-tax level,
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Insulted pilots, cancelled flights and rising oil prices – yet Michael O’Leary has emerged unscathed Ryanair cancelled thousands of flights last year, insulted its pilots but then was forced to recognise their unions, and generally generated an above-average level of bad publicity, even by its own elevated standards. The financial effect of the disharmony? Roughly zero. At the after-tax level,
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Online sportswear brand signed her up to VIP membership even though you have to be 18 to buy anything
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Poll of CEOs finds backlash from political populism among leading concerns Business leaders around the globe have said the rise of economic nationalism triggered by Brexit, Donald Trump and populist politics poses the greatest threat to their growth. According to a survey of 1,300 chief executives from some of the world’s biggest companies, carried out by the accountancy company KPMG, British business leaders are notably more pessimistic than their peers.
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If approved, the $2.3bn deal will see Sony indirectly own about 90% of the record label.
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A Government study could shed light on alternatives to tenancy deposits available to renters.
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Glasenberg will be handed the cash tomorrow as the commodities giant he has run since 2002 pays out the first half of a dividend. The 61-year-old, who owns an 8.4 per cent stake in Glencore.
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Company bosses also admitted unrealistic expectations of return on investment in tech leads to tension at board level
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Supermarket says 93% of its 130,000 staff get a pay rise under deal but MPs say loyal workers stand to lose thousands
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A share price of 48p values Hurricane at around £955million but stockbroker Cantor recently slapped an 80p price target on the growth stock.
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Drivers may be confusing autonomous cars with driver assistance technology, with sometimes fatal consequences.
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Banks sent 512 mobile alerts last year as our money management moves from spreadsheets to smartphones.
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The cost of fuel is now at its highest level for three-and-a-half years.
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