Axa stubs out €1.7bn tobacco investment
Axa, the world’s largest insurer, plans to stop investing in the tobacco industry to help highlight the human and economic cost of smoking. BBC News – Business
Axa, the world’s largest insurer, plans to stop investing in the tobacco industry to help highlight the human and economic cost of smoking. BBC News – Business
A UK vote to leave the European Union would cause an “immediate economic shock” that could slow house price growth, Chancellor George Osborne says. BBC News – Business
Bookmakers Ladbrokes and Gala Coral may have to shed hundreds of stores if their proposed merger is to go ahead, the Competition and Markets Authority says. BBC News – Business
The US Federal Reserve is likely to increase interest rates next month if the economic data supports such a move, the central bank’s latest minutes show. BBC News – Business
The UK’s inflation rate fell in April for the first time since September, largely due to cheaper air fares after the Easter holidays. BBC News – Business
Wage growth is likely to remain “stuck in the slow lane” until the end of the decade, according to a survey. BBC News – Business