Tesco have announced that their new finance director, Alan Stewart, is to start work three months early. The move comes after reports emerged that the company overestimated their profits for the last six months by £250m.
Ed Balls has revealed that Labour will continue to cut costs if they win at the next general election. The shadow chancellor said that the Labour party is serious about “balancing the books”, but claimed that they do this in a “fair way”.
British retail growth increased significantly last month, according to official figures from the Office for National Statistics (ONS).
The underlying picture looks to be positive, as August is now in the seventeenth month of consecutive growth, and the 3.9% increase this month is the largest since October 2001.
Share prices in companies listed on the London stock exchange have increased as a result of the Scottish independence referendum. It was announced that Scotland voted against independence in the referendum, and as a result the FTSE 100 increased by 0.75% this morning.
Phones 4U, who look set to go bankrupt due to a loss of key suppliers, could be offered a final reprieve by the company's creditors. The company recently lost contracts with both Vodafone and EE, which essentially meant the business is no longer commercially viable.
Voters in Scotland will today answer "Yes" or "No" to the question "Should Scotland be an independent country?" We look at the reasons for this and how it will effect the UK economy.
An official report from The Office for National Statistics (ONS) has shown that unemployment rates have fallen to 6.2% over the last three months, its lowest rate since 2008.The number of unemployed people is now 2.02 million, which has fallen by 146,000 over the last three months.
The annual inflation rate fell to just 1.5% in August, according to the Office for National Statistics (ONS). Some of the major factors which have resulted in the falling rate of inflation are the costs of amenities such as food and petrol, which have decreased in recent months due to a supermarket price war.
High street mobile phone chain, Phones 4U is to be forced into administration after both Vodafone and EE decided not to renew their contracts with them.
Phones 4U employ over 5,500 people, all of whom could potentially lose their jobs.
David Kassler, chief executive at Phones 4U said that without the contracts with Vodafone and EE, the company “do not have a business”.
If Scotland votes yes in the upcoming independence referendum many business have advised that they may have to increase prices of goods and services in Scotland. The phone networks BT, EE, O2, TalkTalk and Vodafone and the shops John Lewis, Waitrose and Asda have all express concern.
