A BATTLE is brewing within the Bank of England as the nine people who decide Brits’ borrowing costs are at odds over the timing of interest rate cuts. The Bank yesterday held interest rates at 4.75 per cent amid rising fears that inflation is creeping higher again. 6 The Bank’s Governor, Andrew… Bank of England … Read more
THE boss of Scottish Power has told youngsters to skip college or university and start earning instead. The energy giant is hiring thousands of workers to roll out cable lines across the country. 5 Scottish Power boss Keith Anderson has told youngsters to skip uni and start earning insteadCredit:… Scottish Power recruiting thousands of young … Read more
HOPES that interest rates will soon start falling were dashed yesterday after an unexpectedly big increase in wages stoked inflation fears. Official jobs figures showed that wages rose by 5.2 per cent in the three months to October. 3 After the surge in wage growth, traders have now put a… Wage surge dashes hopes for … Read more
ALDI has attracted more shoppers than ASDA and Sainsbury’s for the first time as people try to save on grocery bills. The discount supermarket had 19.58million in the year to December, say industry stats by Kantar, seen by Sun Business. 3 More customers are joining Kevin The Carrot by heading to… Aldi attracts more shoppers … Read more
Royal Mail fined £10.5million for missing its post delivery targets again …C0NTINUE READING HERE>>> ROYAL MAIL has been fined £10.5million for missing its post delivery targets again. Regulator Ofcom said just 74.7 per cent of first class post was delivered on time in the past year — well short of the 93 per cent target. … Read more
ICELAND’S boss has said “food is too cheap” despite three years of rising prices during the cost-of-living crisis. Richard Walker said the relaunch of its interest-free loans for customers to spend in-store was not because groceries are too expensive but due to wider pressures on household budgets. Iceland set up its Food Club with charity … Read more
Future of Boots plunged into uncertainty as US owner begins takeover talks …C0NTINUE READING HERE >>> THE future of Boots has been plunged into uncertainty while a buyout fund negotiates with its US owner. Pharmacy giant Walgreens Boots Alliance, which bought Boots in 2014, is understood to be in takeover talks with private equity firm … Read more
Poundland takes £639million hit to value as profits crash and costs soar …C0NTINUE READING HERE >>> POUNDLAND is facing an uncertain future as tumbling profits have prompted its owner to admit it was considering what to do with it. Polish owner Pepco has taken a £639million writedown on the value of the discount retailer, which … Read more
Travelodge boss says Labour’s Budget has made creating part-time jobs more expensive …C0NTINUE READING HERE >>> TRAVELODGE boss Jo Boydell says the Budget has made creating part-time jobs more expensive — at a time when the Government should be encouraging more people into work. But she said she is still determined to invest in recruiting … Read more
Direct Line accepts £3.6bn takeover offer from rival Aviva in move that will create home and car insurance giant …C0NTINUE READING HERE >>> DIRECT LINE has accepted a £3.6billion takeover offer from rival Aviva in a move that will create a home and car insurance giant. Aviva sweetened its bid to 275p-a-share yesterday after two … Read more