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BUSINESS

Sainsbury’s reveals store overhaul as it warns over half-year profits

Digital Desk -
Sainsbury’s has said it will close up to 125 Argos stores and supermarkets but open even more amid an overhaul to slash costs. The group said...
FINANCE

RBS unveils bumper £1.7 billion dividend

Digital Desk -
Royal Bank of Scotland has unveiled a bumper £1.7 billion payout for shareholders, delivering a surprise windfall for the British taxpayer. The bank announced a...
ECONOMY

Bank of England Governor steps up no-deal Brexit warnings

Digital Desk -
Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
ECONOMY

US Federal Reserve cuts interest rate for first time in more than a decade

Digital Desk -
The US Federal Reserve has cut its key interest rate for the first time in a decade. The cut aims to counter threats ranging from...
BUSINESS

Five banks fined €1.07bn over foreign exchange cartel

Digital Desk -
Five banks handed a €1.07bn fine for taking part in a foreign exchange spot-trading cartel, the European Commission has announced. Barclays and Royal Bank of...
BUSINESS

Facebook agrees to donate £3m to Citizens Advice over scam adverts

Digital Desk -
Martin Lewis has dropped a campaign lawsuit against Facebook after the social network agreed to donate £3 million to Citizens Advice and set up...
BUSINESS

German police search Deutsche Bank offices in tax haven case

Digital Desk -
German authorities have searched the headquarters of Deutsche Bank in Frankfurt and other offices on the suspicion that bank employees helped clients set up...
BUSINESS

US stocks tumble to worst loss in three months

Digital Desk -
US stocks have plunged as losses for Cisco Systems hurt technology companies while Wal-Mart declined after its latest quarterly report. Banks also dropped as bond...
BUSINESS

Facebook tops first-quarter forecasts with £2.4bn profit

Digital Desk -
Facebook has reported a forecast-beating first-quarter profit of US$3.06bn (£2.4bn). On a per-share basis, the Menlo Park, California-based company said it had profit of $1.04,...
BUSINESS

Deutsche Bank fined €500m by UK and US for Russia ‘money-laundering’ failings

Digital Desk -
Deutsche Bank has been fined more than £500 million after British and US regulators found that failings at the German lender led to 10...
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