Business

Tesco Direct to close

Tesco Direct, the website that sells general merchandise, is to close putting 500 jobs at risk. The retailer said the non-food website was a “small, loss-making part of the business” and had “no route to profitability”. Tesco...

UK economic growth collapses to five-year low

The UK economy almost stalled in the first quarter of this year growing by just 0.1 per cent, the Office for National Statistics reported. This was down from the 0.4 per cent expansion registered in the final quarter of 2017 and well below the 0.3...

Manchester is becoming UK’s hotspot for property

Manchester is benefitting from the recent £1bn investment as part of the Government’s Northern Powerhouse initiative. It is showing itself to be a vibrant, forward-thinking metropolis with the most attractive city centre investment market in...

Labour to cap charges for overdrafts and interest

Labour has said it would bring in a cap on the total amount that can be paid in overdraft fees or interest payments. Shadow chancellor John McDonnell said the policy would end the “national scandal” of low-paid families being trapped in debt....

Asda and Sainsbury’s agree deal to merge

Sainsbury’s and Asda have confirmed that they will merge to create a new supermarket giant in a billion-pound deal. Asda owner Walmart announced it had agreed a deal to merge. Walmart will get 42% of the combined business, it said. The merger will...

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