One in five people struggling with debts has seen their credit card limit automatically increased – a higher proportion than for cardholders in general, a charity has claimed. Citizens Advice said 18 per cent of those struggling financially had seen the limit increased without request, compared with 12 per cent overall, reports The BBC. It […]
Category: News Wire
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British life sciences to get £160m funding boost
Details of a £160m Government investment in life sciences will be announced later at the launch of an independent review of an industry worth £64bn to the British economy. The review, by British-Canadian geneticist Sir John Bell, will set out proposals to encourage growth and investment as the Government tries to alleviate concerns about the […]
Government waters down PM’s plans for executive pay reform
Theresa May has been forced to abandon her flagship plan to reform executive pay, prompting relief among business leaders but criticism from unions and Labour MPs. The Prime Minister had previously vowed to return the Tories to its roots as the party of workers by clamping down on excessive executive pay and giving shareholders more power in […]
UK companies must publish pay ratios under new law
Companies will have to reveal how much more their chief executives are paid compared with the average employee, under a package of government reforms.
House price growth slows to annual rate of 2.1%
House price growth continued to ease this month as the economic slowdown takes its toll on activity in the market, according to Nationwide.
Pension deficit of UK’s leading companies equivalent to 70% of their profits
UK’s leading plcs have combined deficit of £62bn, with the percentage of their profits higher than in 2009 after financial crisis.
Steep wage rises weigh on services sector
Profits have been hit in the all-important services sector on the back of a steep rise in costs, even as demand remains robust.
Deloitte’s profits flatline after six month ban from UK government contracts
Deloitte’s profits flatlined last year as the accountancy firm navigated a six-month ban from pitching for UK government contracts.
UK ‘can halve oil imports by banning new petrol and diesel cars in 2030’
An ambitious target to phase out sales of new petrol and diesel cars by 2030 could halve UK oil imports, a study by environmental and aid organisations suggests.
Dixons Carphone shares plunge as it warns phone users are shunning upgrades
Shares in the owner of Carphone Warehouse plunged by a third as it warned consumers were shunning handset upgrades – partly due to higher prices caused by the slump in the pound.
Shoppers tighten belts as rising prices dent economy’s growth
British shoppers are no longer the biggest driver of economic growth as households slowed down their spending spree in the second quarter of the year.
Subaru counts cost of Takata failure by as £580m hit destroys profit growth prospects
Japanese carmaker Subaru has been left counting the cost of failed airbag manufacturer Takata, today booking an 81.3bn (£580m) yen hit.
Spotify signs crucial Warner Music deal
Spotify has signed a new licensing deal with Warner Music Group, paving the way for the music streaming service to go public.
Donald Trump’s luxury hotel handed £110,000 tax rebate
The US President’s resort at the famous Turnberry golf course on the coast of Ayrshire, saw 13.5 per cent slashed from its annual corporate tax bill of £811,850
One in ten BBC staff given pay rise of more than 10 per cent last year
Nearly 1,800 members of BBC staff received a pay rise of more than 10 per cent last year, figures have revealed.
















