FCA proposes payday loans rate cap
Craig TaylorPlans for a cap on interest rates on payday loans from January 2015 are announced by UK regulator the Financial Conduct Authority. BBC News – Business
Business
UK to remove takeover ‘wiggle room’
Business Secretary Vince Cable says he will tighten the rules to deal with foreign takeovers of UK firms. BBC News – Business
Burberry investors reject boss’s pay
Investors have delivered a blow to fashion house Burberry, by voting against the chief executive’s pay package at the annual general meeting in London. BBC News – Business
Church of England cuts Wonga ties
The Church of England says it no longer has any investment in payday lender Wonga, ending an embarrassment to the Archbishop of Canterbury. BBC News – Business
Competition pushes shop prices lower
Shop prices in June fell at the fastest annual rate since at least 2006 as retailers fought to attract customers, the British Retail Consortium (BRC) says. BBC News – Business
Website woes hit sales at M&S
Marks and Spencer reports a sharp fall in online sales after a move to a new website platform hits trading. BBC News – Business