Money Matters
Tesco promises to ‘curb prices’ as profits triple
Tesco’s profit more than tripled last year thanks to rising sales and a drop in Covid-related costs. The UK’s largest supermarket chain reported pre-tax profits of € 2.4…
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Oil prices go down, but it’s not felt by the pump yet
Oil prices continued to fall on Monday morning. They have now almost reached the level before the Russian invasion of Ukraine, which began on February 24. The recommended…
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Sainsbury’s sends British jobs to India
Sainsbury’s cuts Arndale office jobs as supermarket giant outsources to India. Supermarket giant Sainsbury’s is cutting jobs at its Arndale office in the city centre to cut costs,…
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UK retailers report highest price hike in eleven years
Major UK retailers increased their prices this month by the highest percentage in almost 11 years. This is shown by a survey that is in line with forecasts…
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UK regulators are concerned about stablecoins
The UK Government will soon announce plans to regulate the crypto industry. Stablecoins in particular will be the subject of extensive regulation, CNBC reports. It seems that the…
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British pound gains momentum because of the new trade agreement with the USA
The British pound has been steadily rising against the euro for months. The coin is worth almost 10 percent more than a year and a half ago. The…
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BoE raised the key interest rate amid galloping inflation and energy prices
The Bank of England has raised interest rates by 25 basis points. This was revealed on Thursday by the Bank of England’s interest rate decision. The key interest…
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