Business

Waitrose named best supermarket by Which?

Image copyright Getty Images Waitrose has been rated the best UK in-store supermarket in consumer group Which?’s annual satisfaction survey. The John Lewis-owned chain scored five stars in almost every category, but was ranked joint worst for value. It’s the second time it’s been voted the top grocery store, despite budget chains Aldi and Lidl […]

Business

Wells Fargo reaches $3bn fake accounts settlement

Image copyright Getty Images Wells Fargo, a major US bank, has agreed to pay $3bn (£2.3bn) to resolve a government investigation into its sales practices, including opening millions of fake customer accounts. The bank admitted it had wrongly collected millions of dollars in fees, misused customer information and harmed the credit rating of customers. The […]

Business

US business levels fall sharply amid coronavirus

Image copyright Getty Images Business activity in the US service sector fell last month for the first time since 2013, hurt by the coronavirus, according to a survey. The drop came amid a “notable worsening” in the services sector, which includes finance and retail, the IHS Markit research firm reported. New orders received by private […]

Business

Why are investors betting against shopping centres?

Image copyright Getty Images While the troubles facing well-known retail names on the UK’s High Streets have been much publicised, the plight of landlords has received less attention. However, two of the UK’s biggest retail landlords have seen a combined £573m wiped off the value of their shares this year. Hammerson and Intu, which own […]

Business

First class stamps to rise 6p to 76p

Image copyright Reuters The Royal Mail is increasing the cost of postage, with first-class stamps rising 6p to 76p and second-class up 4p to 65p. Prices will climb from 23 March, less than a year after they were hiked to their current levels. The 65p second-class stamp is the maximum under an Ofcom price cap. […]