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Archive for March, 2015

Honda invests £200m in Swindon car production plant

March 31, 2015

Car maker Honda is to invest £200m in its UK plant – a year after it cut hundreds of jobs due to falling sales. The Japanese firm said its factory in Swindon, Wiltshire, will become the “global hub” for its new five-door Civic model. It employs about 2,500 workers at the plant, which first produced […]

UK’s economic growth for 2014 revised up

The UK’s economy grew at a faster pace than initially estimated last year, revised official figures show. The economy grew by 0.6% in the final three months of 2014, up from the previous estimate of 0.5%, the Office for National Statistics said. The unexpected increase meant growth for the year was 2.8%, higher than the […]

Lagarde says IMF to co-operate with China-led AIIB bank

March 27, 2015

Mrs Lagarde has been attending an economics forum in China International Monetary Fund chief Christine Lagarde has said the IMF would be “delighted” to co-operate with the China-led Asian Infrastructure Investment Bank (AIIB). The AIIB has more than 30 members and is envisaged as a development bank similar to the World Bank. Mrs Lagarde said […]

The Russian massage that’s not for the faint-hearted

Russians have been going to banyas for more than 1,000 years – now people in Britain can too The Boss The man who transformed Foyles The high-climbing travel boss The art-loving property developer The immigrant who became a drone firm boss As leisure activities go, you would imagine that lying naked on a wooden table […]

Is what you spend on lunch a sign of financial health?

More than 10% of quick lunch purchases in London include a chicken sandwich The morning’s work is done. The stomach rumble cannot be ignored. It is time for lunch. The opportunity, perhaps, to delve into a work bag to pull out a lovingly crafted risotto or the leftovers of last night’s curry. More likely is […]

Japan nears deflation as consumer prices stop rising

The last time consumer prices in Japan remained flat was in May 2013 Annual core consumer inflation in Japan, the world’s third-largest economy, stopped rising for the first time in nearly two years in February. The core consumer price index (CPI) was flat from a year ago, stripping out the effect of last year’s sales […]

Kraft shares soar on Heinz merger

US food giant Heinz is to merge with Kraft Foods Group, creating what the companies say will be the third-largest food and beverage company in the US. Shares in Kraft closed up more than 35% on the news at $83.17 in New York. The deal was engineered by Heinz’s owners, the Brazilian investment firm 3G […]

Pepsi overtakes Diet Coke as US soda sales slide

Coca-Cola is still the most popular carbonated drink, but its growth is slowing Pepsi outsold Diet Coke last year to become the second most popular carbonated drink in the US, as health-conscious consumers continued to shun products with artificial sweeteners. Coca-Cola maintained the top-spot, but sales of its sugar-free alternative fell by 6.6%, according to […]

RBS sells Coutts International to UBP

Royal Bank of Scotland (RBS) has sold Coutts International, the overseas arm of the private bank that has the Queen’s account, to Switzerland’s Union Bancaire Privee (UBP). A spokesperson for Coutts International said both parties had agreed not to disclose the price of the deal. The bank has been owned by RBS since 2000, managing […]

UK inflation rate falls to zero in February

March 24, 2015

UK inflation rate fell to 0% in February, the lowest since records began, official figures show. Lower prices for food and computer goods helped to cut the rate from 0.3% in January, official figures show. February’s figure is the lowest rate of Consumer Prices Index (CPI) inflation since estimates of the measure began in 1988. […]

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