Business Archive
Weak US consumer spending expected to delay interest rate rise
Subhadip
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Fresh evidence of subdued consumer spending and soft inflation in the US has bolstered expectations that the Federal Reserve will hold back
Royal Mail raises first class stamp price to 64p
Subhadip
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The cost of a first class stamp will rise to 64p this week, taking the price increase to 100% over the past
China sees industrial profits grow at start of 2016
Subhadip
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China’s industrial profits returned to growth in the first two months of 2016, partly due to a recovery in the property market
Financial sector confidence about UK economy drops sharply
Subhadip
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Fears over the UK’s faltering economic outlook have been underlined by a survey showing a sharp drop in confidence among financial services
Savers withdraw £6bn from retirement funds after pension reforms
Subhadip
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Savers have withdrawn almost £6bn from their retirement funds after the introduction of pension reforms last year. New industry figures show that
Pop-up village in south-east London to house homeless families
Subhadip
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A council in south-east London has created what it describes as “the UK’s first pop-up village” to house families who are forced
Hinkley Point C nuclear deal contains £22bn ‘poison pill’ for taxpayer
Subhadip
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The Hinkley nuclear power deal contains a “poison pill” which could leave taxpayers with a £22bn bill if a future UK government
Sainsbury’s confirms £1.4bn Home Retail bid as Steinhoff pulls out
Subhadip
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Sainsbury’s has tabled a £1.4bn takeover of Home Retail Group after South African retail group Steinhoff ditched plans to make a rival
Billionaire arms deal fixer Wafic Saïd weighs up Barclays lawsuit
Subhadip
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Wafic Saïd, the billionaire philanthropist and arms deal fixer, is considering legal action against Barclays after the bank forced him to close
China’s Anbang and Blackstone in $6.5bn US hotel deal
Subhadip
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China’s Anbang bought New York’s famous Waldorf-Astoria hotel from Blackstone in 2015 Chinese insurer Anbang has agreed to buy a US luxury