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The Guardian

Bank of England warns over risky lending in mortgage market

The Guardian | World media » Business aktuálně » Dnes

Regulation chief says stricter rules could be imposed as price war threatens stability The Bank of England has raised a red flag over the state of the mortgage market, warning lenders that stricter rules could be imposed if they take on too much risk.The head of the Bank’s Prudential Regulation Authority, which is responsible for stability in the financial sector, said it was “entirely unsurprising” that competition across the mortgage market had forced

The Guardian

Pound hits four-month low against the euro as no-deal Brexit risks rise - business live

The Guardian | World media » Business aktuálně » Dnes

Sterling is under pressure after Theresa May announces she’ll resign in June, paving the way for a Brexiteer successorLatest: Sterling slides below €1.13Moody’s: Uncertainty around Brexit is swirlingAnalyst: General election here we comePound volatile as Theresa May announces resignation plan 3.59pm BST Business leaders have a clear message for Theresa’s May’s successor - end the Brexit deadlock and avoid a messy no-deal crisis. Related: Theresa May's

The Guardian

Frank Field resumes fight with Philip Green amid Arcadia pension row

The Guardian | World media » Business aktuálně » Dnes

MP says Topshop tycoon should fund high-deficit scheme with his own moneyFrank Field has resumed hostilities with Sir Philip Green, calling for the businessman to personally fund the Arcadia pension scheme, which has a “worryingly high” deficit.The independent MP, who chairs the work and pensions committee, has written to Green over the proposed financial restructuring of his Arcadia fashion empire that raises doubts about the future funding of the

BBC News

Sir Philip Green told to fund Arcadia's pension deficit

BBC News | World media » Business aktuálně » Dnes

The Topshop tycoon has been asked to put his own money into the firm's pension pot.

The Guardian

Record number of flights to take to skies over UK in just one day

The Guardian | World media » Business aktuálně » Dnes

More than 9,000 planes will operate, despite fears over impact on the environmentThe number of flights operating in UK airspace is expected to hit a record high on Friday as more than 9,000 planes take to the skies on the same day as schoolchildren around the world stage a climate strike.The spike in British flights is down to a combination of factors, including the bank holiday weekend, the Monaco Grand Prix and the close of the Cannes film festival.

The Guardian

Virgin Trains takes government to court over West Coast route

The Guardian | World media » Business aktuálně » Dnes

Virgin, Stagecoach and SNCF allege DfT breached its duties in barring them from tenderingSir Richard Branson’s Virgin Group, Stagecoach and the French national rail operator have launched legal action against the UK government’s decision to bar Virgin Trains from bidding for the West Coast rail franchise.The high court action alleges that the Department for Transport breached its statutory duties barring the group from the tendering process. The

The Guardian

Moody's warns no-deal Brexit risks are rising - business live

The Guardian | World media » Business aktuálně » Dnes

Escalating trade tensions between Washington and Beijing worry investors, as markets digest Theresa May’s resignationMoody’s: Uncertainty around Brexit is swirlingPound back over $1.27 as May resignsClothing demand supports UK retail salesIntroduction: Trump says Huawei could join trade dealEuropean markets rally in early trading 12.02pm BST Uncertainty is no friend of the markets, or businesses. But investors and bosses now face two months of confusion

The Guardian

Online sales heat up in warm weather but high street feels chill

The Guardian | World media » Business aktuálně » Dnes

Clothing sales, a sunny February and web promotions drive fastest online growth British shoppers have notched up the fastest quarterly growth in online retail sales on record, in the latest sign of the shifting trends fuelling the decline of the high street.The Office for National Statistics said the amount of goods sold outside of bricks-and-mortar stores increased by 9.4% in the three months to April, the strongest growth of any quarter since comparable

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