Bank of England holds interest rates at 0.1%
The Bank of England signalled today that it is ready to pump yet more stimulus into the UK economy as fears grow about rising unemployment and a possible no-deal Brexit. …
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Aspinal of London looks to close shops in CVA proposal
Handbag maker Aspinal of London has become the latest retailer to launch a Company Voluntary Arrangement restructure proposal that would see it shut stores. The company, majority-owned by chairman Iain …
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Pound plunges as Bank of England says it will talk with regulators to implement negative interest rates
The pound plunged today after the Bank of England said that it will engage with regulators to implement negative rates. The Bank said: “The Committee had discussed its policy toolkit, …
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Former Bank of England Governor Mark Carney adds to his wealth by joining PIMCO
Former Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world’s biggest bond investment companies, adding to his existing roles with the United …
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John Lewis will not give bonus to staff for first time since 1953 after group hit by lockdown store closures
The John Lewis Partnership will not give staff members a bonus for the first time since 1953 after the staff-owned business was hit by lockdown. The announcement comes as the …
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Co-op sees profits leap as consumers shop closer to home
The Co-op on Thursday reported a 35% jump in half-year profits after lockdown drove the food retail business to its biggest market share in two decades. The group, which is …
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Trump to shut off TikTok, WeChat to new U.S. users on Sunday
The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns …
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