turkish-army-pension-fund-set-to-buy-british-steel

Turkish army pension fund set to buy British Steel

Image copyright Getty Images The Official Receiver is to announce this week that an investment arm of Turkey's armed forces pension fund is the preferred bidder for British Steel.Ataer Holding would then be given several weeks to try to buy British Steel - the owner of the Scunthorpe works - out of insolvency.British Steel was…
drugs-firm-to-pay-nhs-8m-after-competition-probe

Drugs firm to pay NHS £8m after competition probe

Image copyright Getty Images Drugs firm Aspen is to pay £8m to the NHS after an investigation into the supply of a life-saving drug to thousands of patients.The Competition and Markets Authority (CMA) said the firm offered to make the payment following an investigation.The CMA said it suspects competition law was broken after Aspen paid…
what-is-the-uk039s-inflation-rate

What is the UK's inflation rate?

Image copyright Getty Images Inflation affects everything from mortgages to the cost of our shopping and the price of train tickets.It is why some rail season tickets, pegged to inflation, are expected to rise by more than £100 next year.So, what is inflation and what impact does it have?What is inflation?Inflation is the rate at…
rail-fares-set-to-rise-again-by-up-to-2.8

Rail fares set to rise again by up to 2.8%

Image copyright Getty Images Rail users in the UK will be hit by a further rise in ticket prices which will come into effect next year.The increase will be based on the Retail Prices Index (RPI) inflation measure for July of 2.8%. The figure is likely to lead to an increase of more than £100…
asda-staff-in-leeds-protest-over-new-working-contract

Asda staff in Leeds protest over new working contract

Image caption The Asda staff are marching in Leeds city centre Hundreds of Asda workers are holding a rally and march in Leeds over the details of a new contract.The protest by staff from across the country was organised by the GMB union.Asda is offering staff a higher wage in exchange for a new contract…
german-economy-slips-back-into-negative-growth

German economy slips back into negative growth

Image copyright Getty Images Germany's economy shrank during the April-to-June period of this year.A decline in exports dampened growth, according to official data, which comes amid concerns of a global slowdown.Gross domestic product (GDP) fell by 0.1% compared with the previous quarter, according to the Federal Statistics Office.That takes the annual growth rate down to…