Matthew Denton

Finance

The Finance Roundup

UK borrowing falls to lowest level in 11 years It is good news for the UK economy. Government borrowing has fallen by £3.5bn in the past year, making last year the lowest year of borrowing for 11 years. It means that the budget deficit is being reduced at a faster rate than expected. Public debt,…

Finance

The Finance Roundup

Tesco continues profits turnaround New Tesco boss, Dave Lewis, has overseen the revival of the popular supermarket chain’s profits over the past two years. Previously having suffered blows from an accounting scandal, the retailer managed to make pre-tax profits of £1.3bn last year. Shares have risen by around six percent, meaning the company is now…

Finance

KFC’s flip-flop on suppliers

It’s been a nightmare few weeks for the popular chicken fast food restaurant KFC. After switching suppliers for their chicken, from Bidvest to DHL, there were complications at one of the warehouses they use to store their chicken. Mass queues of lorries, full of chicken, formed at the warehouse, which is located near Rugby. The…

Finance

The finance round-up

Co-Op to be investigated Co-Op will be investigated for its treatment of its suppliers, following accusations from the Groceries Code Adjudicator that it had fallen short of industry standards. The Co-Op has already paid around 110 suppliers a total of £500,000 to try and make amends. It has been accused of charging suppliers for product…

Finance

Unconditional offers under review

You may remember your final year of school, the stress and worry that can be caused by waiting for university offers. Thousands of students every year are faced with an excruciating wait while universities consider applications for places, but the type of offers that universities make looks like it’s changing. An unconditional offer for a university place…

Finance

The Finance Roundup

Interest rates set to rise The Bank of England has hinted that a rise in the interest rates could happen sooner than expected. Currently sitting at 0.5 percent, some economists are predicting a rise could come as soon as May this year. This would mean the cost of borrowing money will rise, and people will…

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