Asda was rated worst supermarket in a survey of more than 1,200 grocery suppliers by the industry watchdog. Photograph: Suzanne Plunkett/Reuters.
LONDON, June 25 Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognising that some turbulence in financial markets will have to be negotiated along the way.
The Co-operative Bank has dropped plans for a sale but is continuing talks with existing investors to bolster its capital reserves by about �700m to avoid being wound down.
Hornby, the lossmaking toy manufacturer of Airfix planes and Scalextric cars, says it is “significantly undervalued” by a takeover offer from its majority shareholder Phoenix Asset Management.
LONDON, June 26 (Reuters) - Tesco, Britain's biggest retailer, is to offer a one-hour grocery delivery service to customers in central London, firing the latest salvo in the cut-throat online supermarket sector.