Britain's biggest lenders are shutting hundreds of branches and culling thousands of staff in a push to cut costs and move towards a digitally focused model that is irrevocably changing high street banking.
LONDON (Reuters) - New British bank TSB (TSB.L) said it was picking up nearly one in ten of all new current accounts being opened in the UK, swelling its deposit base as competition intensifies for the country's biggest lenders.
Tesco shares closed the day 6.5% down after the firm announced that its profits have been overstated by �263m. That is up from an initial estimate made last month of �250m.
The Handforth-based company, which listed on the stock market in March, said like-for-like sales for the 28 weeks to October 9 were up 4.2 per cent.
A new house price survey looking at selected UK cities shows the three cities with the highest growth over the last 12 months are London (18.1 per cent), Cambridge (17.9 per cent) and Bristol (14.1 per cent).