LONDON (Reuters) - The Bank of England must watch for signs that sterling's recent strength has masked underlying inflation pressures in Britain, one of the central bank's newest policymakers said on Wednesday.
TESCO was put under further pressure yesterday after the Financial Conduct Authority (FCA) said it had launched a full investigation into the Tesco accounting scandal that had knocked �4bn off its market value.
SAINBURY'S has seen its like-for-like grocery sales dip 2.8 per cent in the second quarter but its Edinburgh based bank remains a bright spot and is said to be performing ahead of expectations.
Songbird Estates has agreed to sell one of its Canary Wharf buildings, 50 Bank Street, for �153.5m to a prominent Hong Kong family, the latest deal in a growing trend of Asian investment in the capital's commercial property market.
When the European Commission charged this week that Ireland's sweetheart tax treatment of Apple amounted to an illegal corporate subsidy, the company said that it had done nothing wrong.