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Archive for May, 2017

ITV moves Britain’s Got Talent final to avoid Ariana Grande concert clash

May 31, 2017

ITV has moved the final of Britain’s Got Talent so it won’t clash with Ariana Grande’s benefit concert in Manchester on Sunday. The broadcaster will now broadcast the BGT final at 19:30 BST on Saturday, when it was originally due to show the British Soap Awards. A spokesman said ITV had “no desire to distract […]

BA to take ‘some days’ to clear baggage backlog

British Airways says it is “working round the clock” to reunite passengers with their bags but it will take “some days” to clear the backlog. Many people have contacted BA on social media to complain they still do not have their luggage back. The airline is now operating a full flight schedule and its IT […]

Food inflation ‘hits three-year high’ on weak pound

Food prices climbed at their fastest rate for more than three years in May as the weak pound pushed up import prices, new research shows. The British Retail Consortium measured the prices of 500 everyday goods and found food inflation was 1.4% during the month, up from 0.9% in April. But it said overall inflation […]

Indian growth figures miss estimates

India’s economy grew by 7.1% in the financial year to March, slower than the 8% recorded in the previous year. In the first three months of 2017, the annualised rate was 6.1%, slowing from the previous quarter’s 7% rate and lower than analysts had expected. The economy took a hit from the government’s decision to […]

Investment groups tell investors to give up tobacco industry

Four international investment groups have called on investors to quit the tobacco industry. Axa, Calpers, Scor and AMP Capital have already sold or are selling their tobacco investments. The companies launched their appeal on the annual World No Tobacco Day (WNTD). Along with 50 other firms with investments totalling $3.8tn, they have pledged “to openly […]

Aldi and Lidl sales soar as prices rise

Sales at Aldi and Lidl have grown at their fastest rate in more than two years as the discounters opened new stores and passed on price rises to consumers, new research shows. The two retailers’ combined sales rose almost 20% in the 12 weeks to 21 May compared with the same period last year, Kantar […]

Contactless payment fraud soars to £7m

May 26, 2017

The amount of money stolen from contactless bank cards and mobile devices has soared, it has emerged. Almost £7m was taken in 2016, compared to £2.8m in 2015, according to Financial Fraud Action UK. In the same period, contactless spending rose from £7.75bn to £25.2bn. A judge recently slammed the technology, which does not require […]

US growth rate revised up to 1.2%

The US economy grew at a faster pace than initially thought in the first three months of the year. The latest official figures indicated the economy expanded at an annual pace of 1.2% in the quarter, up from the previous estimate of 0.7%. The change came after upward revisions to business and consumer spending. The […]

UK achieves solar power record as temperatures soar

A record amount of solar power was generated on Friday as Britain basked in sunshine and temperatures of up to 28C, the National Grid has said. It said 8.7 gigawatts (GW) had been generated at lunchtime, representing 24.3% of total generation across the UK. The level tops the previous record of 8.48GW set on 10 […]

Call to raise retirement age to at least 70

The retirement age should rise to at least 70 in rich countries by 2050 as life expectancy rises above 100, according to a new report. The World Economic Forum said that employees should continue working until 70 in nations such as the UK, US, Japan and Canada. The increase will be needed, as the number […]

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