Facebook sales soar despite data scandal
Craig TaylorThe firm reports a near 50% revenue rise and says it is taking a broader review of its responsibilities. BBC News – Business
Business
UK powers on without coal for three days
National Grid says the 72-hour streak is the longest since the 1880s. BBC News – Business
Interest rates to rise twice this year, says EY Item Club
The EY Item Club predicts two rises this year and two next year, despite sluggish economic growth. BBC News – Business
Allied Healthcare: Home care provider seeks rescue plan
Allied Healthcare, one of the UK’s biggest providers of in-home care, blames a “challenging environment”. BBC News – Business
Barclays boss Jes Staley faces penalty for ‘conduct breach’
Regulators the FCA and PRA allege Jes Staley breached rules in trying to identify a whistleblower. BBC News – Business
Senior WPP boss says staff ‘liberated’ after Sorrell exit
The chief executive of WPP-owned Mediacom says Sorrell had an “owner’s mentality” about running the firm. BBC News – Business