Category : Business News

BUSINESS / Business News - 1 day ago

Tesco plans to close Cardiff call centre

Tesco plans to close its call centre in Cardiff, leaving up to 1,100 jobs at risk. The supermarket chain has customer service sites in Cardiff and Dundee and wants to combine the two in Dundee, where it currently has 900 workers. It plans to close t...

BUSINESS / Business News - 1 day ago

Pound jumps as BoE economist mulls rate rise

The Bank of England's chief economist has broken ranks to declare he could support a rise in interest rates later this year. Andy Haldane was speaking almost a week after three members of the monetary policy committee surprised economists and financ...

BUSINESS / Business News - 1 day ago

Record VAT haul in May aids budget deficit

A record haul of VAT income for May has helped the budget deficit narrow to its lowest level for the month in 10 years. Figures from the Office for National Statistics (ONS) showed Government net borrowing of £6.7bn - down £300m or almost 5% on the...

BUSINESS / Business News - 1 day ago

All change! Hornby in mandatory takeover

Hornby is facing a mandatory takeover after its largest shareholder bought out a fund involved in a failed coup. The hobbies-to-collectables company - best known for its model railway interests - made the announcement months after an investor battle...