Britons put big ticket purchases on hold last month as consumer spending fell to its lowest quarterly level in two years.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
George Osborne flies to Wall Street to reassure investors after Brexit
‘We now set out to build a more outward-looking, global-facing Britain, with stronger links with its friends and allies around the world,’ says Chancellor
Nintendo value surges £6bn on new Pokémon app
Biggest jump in share price for Japanese firm since 1983 with 36% rise in two days since launch of Pokémon GO app
£50bn plan to heat UK cities with hydrogen
Major cities across the UK could be converted to run on hydrogen instead of natural gas, under an ambitious £50bn proposal to help tackle climate change.
Libor-rigging trial: ex-Barclays traders jailed for two to six years
Judge hands down sentences of between 33 months and six-and-a-half years to four former bankers for conspiring to rig rates
UK shares and pound hold steady
UK shares opened slightly higher, helped by rising mining stocks, while the pound stabilised
London pays almost a third of UK tax, report finds
Centre for Cities study says London generates almost as much tax as the next 37 largest cities combined
Consumer confidence plunges at fastest pace since 1994 as Brexit woes hit high street
Consumer confidence fell at the fastest pace in 22 years after Britain voted to leave the EU, as uncertainty triggered by the decision saw high streets suffer their worst June for more than a decade.
Tata Steel ‘to pause’ Port Talbot sale
Tata Steel is expected to announce on Friday that it will pause the sale of most of its UK business, including Port Talbot, the BBC understands.
M&S clothes sales crash 8.9pc in ‘soggy start’ to the year
Marks & Spencer has suffered an 8.9pc plunge in clothing sales during its first quarter of the year, disappointing even the most bearish of analysts.
Elon Musk gets defensive over Tesla autopilot death
Elon Musk is digging in his heels in defending Tesla’s autopilot feature on its Model S cars.
Bangladesh clothing industry hit by terror attack fears as fashion brands pull staff out
The terror attack killed twenty, many of whom worked in Bangladesh’s garment industry
BHS: Tina Green denies family firms are based offshore for tax reasons
Philip Green’s wife says companies behind retail empire are based in Jersey and BVI because of their ‘strong regulation’
Pound plunges further after hitting new 31-year low after Carney warns UK has ‘entered period of uncertainty’
The Bank of England took steps on Tuesday to ensure British banks can keep lending in the Brexit aftermath.
Dominic Chappell: My BHS money was ‘drip in the ocean’
The former owner of failed High Street retailer BHS has described the £2.6m he took out of the company as a “drip in the ocean”.
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