Category: News Wire

World’s oldest insurance market warns cost to global economy of cyber-attack could be as much as worst natural disasters.

The Government’s only sale of Royal Bank of Scotland shares left the taxpayer nursing a bigger-than-expected £1.9bn loss, according to calculations by the National Audit Office that cast even more doubt on the state’s ability to profit from its rescue of the lender.

Transport Secretary Chris Grayling says passengers have been let down and that the blame can not entirely be pinned on strikes.

Visa has said it is considering offering incentives to UK businesses to go cashless, after introducing a similar scheme in the US.

Budget watchdog warns country is in worse shape to withstand recession than on the eve of 2007 financial crash.

The UK housing market is in a state of lethargy, according to property surveyors, with estate agents reporting the lowest stock of properties for nearly 40 years. Members of the Royal Institution of Chartered Surveyors (RICS) said the market might continue “flatlining” for a while, reports The BBC. New instructions in June fell for the […]

Texts, emails and voicemails could be considered a valid will by courts under a radical overhaul of inheritance laws being proposed by the Law Commission, reports Sky News. It believes present rules concerning wills are outdated and need to be brought into the “modern world” because they are “failing to protect the vulnerable” by not […]

Mike Ashley swoops on video games retailer after profit warning forced by shortage of Nintendo Switch consoles.

The operator of Southern Rail will spend more than £13m on “customer improvements” after reaching an agreement with the Department for Transport, reports The Telegraph. The Go-Ahead group, which has experienced 18 months of disruption due to repeated industrial action, said the payments were a result of the impact of those strikes on train performance. […]

The competitions watchdog has pinpointed more than 350 local areas where competition could be damaged by Tesco’s planned £3.7bn takeover of Booker.

Aldi is not only showing rivals how to do it on pricing: now the budget grocer is leading the way on customer service.

Landmark moment as cards now account for more than half of all purchases, according to British Retail Consortium.

A Unite spokesman says the Government “doesn’t have a strategy” to deal with the rise of technology following a new report.

Fees for unplanned overdrafts are to be scrapped for the 20 million customers of Lloyds Banking Group, which includes the Halifax and Bank of Scotland.

Struggling FTSE 100 education publisher Pearson has agreed to sell a 22 per cent stake in Penguin Random House in a bid to raise around $1bn (£776m).