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's bleak third-quarter results - posting a 92% fall in pre-tax profits to �112M and news of the chairman's decision to quit - have provoked a predictably acerbic reaction from City and retail analysts.
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.
Just as 'last orders' were being called, Irish drinks firm C&C (LON:CCR) has entered the bid battle for the Spirit Pub Company (LON:SPRT).