Finance

601
Homes hit with 'hidden' tax costs public and businesses £8billion a year
More than 3 in 10 have no idea what Insurance Premium Tax (IPT) is, study finds
1309
Savile Row tailor to stars opens £2m store as boss says menswear 'in a bubble'
Richard James has opened a new store in Clifford Street, just off Savile Row, as the company said it wants to see greater protections put in place for London's famous tailoring street
971
Premium Bond results for March 2024 announced today with two new UK millionaires
Premium Bonds are a savings product by National Savings & Investment (NS&I) but instead of earning a guaranteed rate of interest, you're entered into a monthly prize draw
874
Wahaca named UK's most sustainable restaurant chain by consumer group Which?
Wahaca and five other chains - Frankie & Benny's, Nando's, Pret a Manger, Wagamama and Young's Pubs - have been given Which?'s Eco Provider badge which indicates these companies are ahead of competitors in terms of addressing their environmental impact
955
Record credit card complaints, but majority made by claim management firms - FOS
Complaints about credit cards hit record high, says the Financial Ombudsman Service with nearly three quarters brought by claims management companies and law firms, up from a quarter of these complaints a year earlier
1359
Asda pay rise announcement as supermarket to increase basic pay to £12.04
Asda is set to become the highest paying UK supermarket for a starting salary, after announcing a record £150million investment, with hourly pay set to rise from £11.11 an hour to £12.04
1096
Supermarket users fume over 'unspoken' rule which many people don't follow
There are many unspoken rules of the supermarket, but shoppers have said they're tired of people breaking this one in particular - as it shows a lack of 'personal space'
1000
Sainsbury's to cut 1,500 jobs as part of £1billion 'cost cutting' plan
Sainsbury's said the money it saves through the job cuts will be reinvested into the business to give customers "great value, quality and service"
1053
DWP issues warning on Universal Credit sanctions as penalties get tougher
Last month, Minister of State for Disabled People, Health and Work Mims Davies confirmed that those claiming Universal Credit with LCW (limited capability for work) could potentially face sanctions going forward
791
Bank of England appoints top economist as deputy governor for monetary policy
Clare Lombardelli will replace Ben Broadbent when she takes over the role from July 1, for a term lasting five years
881
Budweiser brewer sees sales grow as it hikes prices, but Bud Light slumps in US
AB InBev said its sales grew by nearly 8% last year to 59.4 billion US dollars (£47 billion)
1277
More buyers coming back to market as mortgage approvals and house sales increase
55,227 mortgages for house purchase were approved in January, up from 51,506 the previous month and the highest level since 58,272 approvals were recorded in October 2022
1162
Electronic Arts to cut 5% of staff and cancel games in cost-cutting drive
The company will focus on its 'owned IP, sports, and massive online communities'
1197
Zuckerberg meets LG, Samsung chiefs in Seoul as Meta ramps up AI ambitions
Meta chief executive officer Mark Zuckerberg discussed cooperation on extended reality devices with LG Electronics executives on as part of his visit to South Korea that highlights Meta's ambitions in artificial intelligence
1128
The Body Shop collapses - see full list of 82 UK stores that will close
The Body Show will be closing a further 75 high street stores on top of the initial seven that were originally announced however, 116 sites will remain open - you can see the full list of which sites will close and which will stay open below
1198
Hong Kong lifts curbs on property deals as house prices fall to seven-year low
House prices have been dropping for nine months in a row and share prices have been low as changes to freedoms in the former British colony have worried investors
1142
The Body Shop confirms another 75 shops will close in major blow for shoppers
The Body Shop will close another 75 stores after collapsing into administration, with 489 staff being made redundant as a result - however, administrators have confirmed 116 shops will stay open
984
British Gas extends scheme that offers half price electricity every Sunday
British Gas previously said its PeakSave Sundays would end today (February 29) but it has now issued an update, and said it will now run every Sunday, between 11am to 4pm, until March 31
730
Ocado could take M&S to court over payments row, but boss hopeful of settlement
The boss of Ocado said he is confident the fellow retail firm owes it "a substantial amount of money" but hopes to secure a settlement over the dispute
576
Supermarkets urgently recall health product due to microbiological contamination
Tesco and Morrisons have not confirmed what the microbiological contamination is in the eye mist they sell in stores but have urged customers to not the use the product
941
International market to invest in nature does not exist at scale, MPs are told
UK policymakers, regulators, investors and businesses have started paying more attention to the risks related to nature and the need for the private sector to do something about the worldwide loss of nature
1126
Aldi launches cheaper alternative to Cadbury's Mini Eggs - but reviews are mixed
As Cadbury rises its prices due to increased costs of ingredients such as sugar and cocoa, budget supermarket Aldi has debuted a cheaper alternative to the popular Mini Eggs chocolate. However, some have branded the treats as 'revolting'
1079
62% of business leaders fear legal action for missing ESG targets, says survey
A survey has found that nearly two-thirds of UK business leaders are concerned about their firms facing litigation if they miss their environmental, social and governance targets
1306
Major retailer is axing loyalty scheme as shoppers given voucher deadline
The Works shoppers will no longer be able to collect points through the Together Rewards scheme from March 30, with a deadline of June 29 given for customers to spend their vouchers
1390
US logistics firm GXO tables £760m bid for Wincanton as takeover battle heats up
Wincanton manages supply chains for renowned brands such as Ikea, Primark, Waitrose, Wickes, and employs over 20,000 people