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Sky News
Key points from day one of Paula Vennells at Horizon inquiry as sub-postmasters and a top executive don’t believe answers
The account of the Post Office’s former chief executive about what she knew during key years of the firm’s scandal is not believed by the former CEO of Royal Mail, the inquiry into the injustice has heard. Paula Vennells has been giving evidence as part of a three-day appearance at the inquiry into the impact …
Business
Evening Standard
Paula Vennells admits ‘mistakes’ but denies conspiracy in Horizon scandal
Former Post Office boss Paula Vennells has apologised to postmasters and their families who “suffered” from the Horizon IT scandal as she began her evidence to the inquiry.The disgraced ex-chief executive admitted she “made mistakes” but denied there was a conspiracy to cover up the Horizon scandal.The 65-year-old ordained priest began her evidence at the …
Business
Evening Standard
Average London home price falls below half-million pound mark
The average price of a home in London has fallen below the half a million pound mark for the first time since July 2021, official figures revealed today.Data from the Land Registry shows UK house prices in March rose year-on-year for the first time since last summer, but property values in the capital continued to …
Business
Evening Standard
Regulators fine Citigroup after £1.1bn of equities sold in ‘fat-finger’ error
Regulators have fined Citigroup £61.6 million for a trading controls failure that led to 1.4 billion dollars (£1.1 billion) of equities being sold mistakenly.The Financial Conduct Authority (FCA) said “poor design” and “ineffective” real-time monitoring led to the incorrect sale of the shares across several European exchanges.The incident happened in May 2022, when a trader …
Business
Evening Standard
People still feeling worse off than pre-pandemic, says Jeremy Hunt
People still feel worse off than before the pandemic, Jeremy Hunt acknowledged, as he was also challenged about his personal wealth.The Chancellor conceded that the majority of the public have still not seen living standards rise again, as UK inflation fell to the lowest level in nearly three years in April.Consumer Prices Index (CPI) inflation …
Business
Sky News
Coventry Building Society races to finalise £780m Co-operative Bank deal
The Coventry Building Society is racing to finalise a £780m takeover of the Co-operative Bank that would catapult the mutual into the ranks of Britain’s biggest high street lenders.Sky News has learnt that the Coventry is trying to put the finishing touches to a definitive deal within the next few days to avoid it falling …
Business
Euro News
EU Elections: What happens if the far-right parties gain more power?
Business
Euro News
Online car dealer Cazoo crashes into insolvency putting jobs at risk
Business
Business Live
Eight North East tech start-ups use Gateshead scheme to boost sector
A group of North East start-ups focussed on virtual and augmented reality have landed places on a support scheme designed to boost uptake of immersive technologies among businesses. Eight companies have joined the Government-backed ImmexCity Programme, led by Digital Catapult North East Tees Valley and covering use of immersive technology in heritage conservation projects and …
Business
Sky News
Headline inflation figure is reassuring – but shouldn’t distract from the ongoing cost of living crisis
Let’s start with the good news.After nearly three years in which inflation was well above the Bank of England’s 2% target, it is finally back into what might be considered “normal” levels. Money latest: Interest rate cut blow as inflation drops less than expectedInflation is the rate at which prices are changing over the past …
Business
Euro News
UK inflation slows less than predicted: Is a summer rate cut now in doubt?
Business
Sky News
The government is taking credit for the inflation rate fall – should it?
From its 40-year high of 11.1% in October 2022, the headline rate of inflation – the consumer prices index (CPI) – is back within touching distance of the Bank of England’s 2% target rate.The government, naturally, will seek to take credit for it. Rishi Sunak, after all, promised to halve inflation last year and was …

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