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Hot weather could worsen Brexit-related food shortages

The prolonged hot weather in the UK could impact food supplies later in the year, worsening the impact of any disruption caused by a no-deal Brexit, according to the Food and Drink Federation … Continue reading “Hot weather could worsen Brexit-related food shortages”


Supermarkets struggle amid CO2 shortage

A shortage of carbon dioxide is causing problems in the food retail sector, according to BBC News. The gas is used to carbonate drinks and is also deployed to stun animals prior to … Continue reading “Supermarkets struggle amid CO2 shortage”


EU leaders oppose US protectionism

EU leaders say they will respond firmly to US protectionism and have plans to introduce a law for screening foreign investments, according to Reuters. Leaders of EU Member States met in Brussels for … Continue reading “EU leaders oppose US protectionism”


Costa sees sales fall 2% on 2017

Costa coffee has reported a 2% fall in sales compared to 2017 for the first quarter of 2018, according to BBC News. The coffee chain said total UK sales were up 5.2% following … Continue reading “Costa sees sales fall 2% on 2017”


UK house prices rise at slowest rate in five years

House prices rose at their slowest annual rate for five years this month, according to figures from Nationwide reported by Reuters. The mortgage lender said the slowdown was linked to relatively low economic … Continue reading “UK house prices rise at slowest rate in five years”


Brexit bill underestimated by £10bn plus, says Committee

A parliamentary committee has said that the government has underestimated the payment to be made to the European Union following Brexit by at least £10bn, according to Reuters. Negotiations between the UK and … Continue reading “Brexit bill underestimated by £10bn plus, says Committee”


EU announces retaliatory tariffs on US exports

The European Union has announced a range of tariffs to be levied against US exports, according to BBC News. The move is in retaliation to US tariffs on steel and aluminium revealed earlier … Continue reading “EU announces retaliatory tariffs on US exports”


Lloyds to cut back office staff, invest in tech

Lloyds Banking Group has announced plans to cut 450 back-office jobs in the latest attempt to cut costs and focus on digital initiatives, according to Reuters. The group has said it will create … Continue reading “Lloyds to cut back office staff, invest in tech”


Address alpha male culture in UK banking, says report

MPs have called for a change in the ‘alpha male culture’ at UK banks in a parliamentary report that cites the gender pay gap and hazy criteria for performance bonuses as key problems, … Continue reading “Address alpha male culture in UK banking, says report”


Visa says broken switch caused 1 June payment failures

Visa has cited a broken switch as the root cause of payment processing problems on Friday 1 June that saw failed transactions across Europe, according to the Guardian. Some 5.2m transactions failed during … Continue reading “Visa says broken switch caused 1 June payment failures”


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