LONDON, July 1 The Bank of England's risk watchdog will extend its focus beyond making banks more stable to look at the lack of liquidity in fixed-income markets, which are now braced for more volatility as bonds price in eventual interest rate rises.
... * Recommendation gives prime minister political headache. * Heathrow plan provides greatest benefits, commission says. * Business backs calls for increased capacity (Recasts, adds extra revenues from an third runway).
Troubled outsourcer Serco appears to have arrested its woes, reporting that first-half trading was stronger than expected. In March the FTSE 250 business reported a �1.35bn pre-tax annual loss, launched a �555m rights issue and chief executive Rupert ...
John Lewis has become the first department store chain to charge customers in the UK for picking up online orders in its shops as it overhauls a “bonkers” and “unsustainable” sales model.
Diageo has sold Gleneagles Hotel, scene of Europe's triumph over the US in last year's Ryder Cup, as the drinks company looks to focus on its core business having reaped the benefits of the golf tournament.