WH Smith won’t open any more UK High Street stores
Craig TaylorInstead it will focus on travel retail and opening up in the US and Europe, its boss tells the BBC. BBC News – Business
Business
The loan sharks profiting from the pain of soaring prices
The BBC gains exclusive access to illegal moneylenders who are charging interest rates of up to 50%. BBC News – Business
Tesco, Sainsbury’s and rivals asked to explain high prices
Tesco, Sainsbury’s, Asda and Morrisons quizzed on their prices – but there are signs food inflation is starting to slow. BBC News – Business
Rishi Sunak urges people to hold their nerve on interest rates
The prime minister continues to back the Bank of England as mortgage pressure rises for homeowners. BBC News – Business
Heathrow security staff call off strikes
Security staff at Heathrow will no longer strike after accepting an improved pay offer. BBC News – Business
Facebook and Instagram to restrict news access in Canada
It comes after parliament passed a bill requiring tech giants to compensate publishers for news. BBC News – Business