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Monthly Archives: June 2017

iPhone celebrates its 10th anniversary

It's hard to imagine the world without smartphones as today marks the iPhone's 10th anniversary. Over a billion have been sold making it one of...

Payments app Revolut reaches £300m valuation

One of the UK's fastest growing financial technology companies is finalising a new round of funding that will value it at £300m. Sky News has...

Pound up as Carney comments seen as 'hawkish'

Financial markets have interpreted comments by the governor of the Bank of England as making a rise in interest rates more likely. Sterling shot up...

Why not everything is doom and gloom in retail

Nuclear winter is supposed to have descended on the high street. During every month this year apart from April, which was due to the late...

Tesco axes 1,200 jobs in cost-cutting drive

Tesco is axing 1,200 jobs at its head office as part of a cost-cutting drive. The supermarket giant informed affected staff on Wednesday morning about...

Co-op Bank agrees £700m investor rescue deal

The Co-op Bank has agreed a £700m rescue deal with US hedge fund investors that will see it continue as a stand-alone business. It ends...

Rail firm counts cost of loss-making line

Transport operator Stagecoach is in talks with the Government over the terms of its deal to run the East Coast mainline after the loss-making...

Shock over death of stabbed teacher Julie Parkin, 39

A primary school head teacher has spoken of her shock after a teacher at her school was found stabbed to death. Julie Parkin, 39,...

FCA shake-up to protect savers from rip-offs

Plans to protect millions of savers from being ripped off have been announced by the City watchdog after an investigation into the £7tn asset...

More Britons rejecting austerity, survey finds

Nearly half of Britons think the Government should raise taxes and spend more on health and education, according to a new survey which shows...