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Clydesdale and Yorkshire Banks to merge with Virgin Money

Two major banking brands are set to disappear from the High Street following a Virgin Money takeover of Clydesdale and Yorkshire banks, according to the Guardian. The £1.7bn acquisition is expected to lead … Continue reading “Clydesdale and Yorkshire Banks to merge with Virgin Money”


Half of British employers worry about recruitment

One in two British employers anticipate that they will struggle to recruit permanent staff in the near future, according to a survey from the Recruitment and Employment Confederation (REC) reported by Reuters. Fifty … Continue reading “Half of British employers worry about recruitment”


Poundworld founder considering return to ailing retailer

Struggling retailer Poundworld may not vanish from the High Street after all, following news that its founder is considering purchasing some of the stores, according to BBC News. The discount retailer was founded … Continue reading “Poundworld founder considering return to ailing retailer”


Islamic banks call for UK tax reforms

Islamic finance firms are putting pressure on the UK government to reform the tax system in order to provide for their growth, according to Reuters. Islamic rules on finance prohibit interest payments and … Continue reading “Islamic banks call for UK tax reforms”


CBI President warns Brexit could lead to ‘extinction’ of UK manufacturing

The President of the CBI has warned that sections of the UK car industry face ‘extinction’ unless the UK remains in an EU customs union, according to BBC News. Paul Dreschler said a … Continue reading “CBI President warns Brexit could lead to ‘extinction’ of UK manufacturing”


RAC calls for fuel retailers to cut prices

The RAC has said that fuel prices in the UK are unjustifiably high and wholesale price drops should be passed onto consumers, according to BBC News. The motoring organisation says there is ‘no … Continue reading “RAC calls for fuel retailers to cut prices”


UK inflation at a one-year low

Inflation in the UK remained at a one-year low in May, leaving open the possibility of a raise in the interest rate from the Bank of England. In May 2018 consumer price inflation … Continue reading “UK inflation at a one-year low”


Shareholder revolt for WPP over Sorrell departure

Advertising giant WPP is facing a shareholder revolt over its handling of the departure of former CEO Martin Sorrell, according to Reuters. Almost one in three WPP shareholders neglected to support the board’s … Continue reading “Shareholder revolt for WPP over Sorrell departure”


Tax havens required to build public company ownership registers

The government has said it will support a legislative amendment which will force British Overseas Territories to create public registers of company ownership, helping to address the global system of hiding places for … Continue reading “Tax havens required to build public company ownership registers”


Local opposition to tall wind turbines on Isle of Lewis

Plans for two major wind farms on the Isle of Lewis have been challenged by local inhabitants after developer EDF Energy said the turbines would need to be higher than expected, according to … Continue reading “Local opposition to tall wind turbines on Isle of Lewis”


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