House prices in England and Wales hit record high
Average house prices overtake the pre-crash record for the first time, Land Registry figures reveal House prices in England and Wales have climbed to a new record high after overtaking the previous peak reached at the height of the property boom, according to official data. The Land Registry said the average home saw more than […]
Bank of England: Gertjan Vlieghe named as new MPC member
Senior economist at hedge fund returns to Bank of England, replacing David Miles on rate-setting committee Chancellor George Osborne has announced that Gertjan Vlieghe, a senior economist at hedge fund Brevan Howard, will replace David Miles on the Bank of England’s monetary policy committee. The move marks a return to the Bank for the dual […]
Tesco to stop selling lunchbox-size sugary Ribena and Capri-Sun
High-sugar drinks withdrawn over concerns about childhood obesity, but supermarket will still sell ‘no added sugar’ versions and larger bottles for adults Sugary drinks designed for children’s school lunchboxes are to be withdrawn from sale at Tesco amid concern over childhood obesity. From September, Tesco will stop selling pouches and cartons of high-sugar Ribena, Capri-Sun […]
Next raises profit expectations after warm weather helps sales
Forecast for full-year profits is increased to £825m after sales rise of 3.3% in the six months to 25 July Next has increased its profit expectations for the year by 2% after warm weather helped to increase sales. Shares in the clothing and homewares retailer rose 2% to £76.55, close to a five-year high, as […]