Co-op Bank report blames governance
Craig TaylorA major report into the near collapse of the Co-operative Bank will say poor oversight of the organisation sowed the seeds of its troubles. BBC News – Business
Business
Hidden company owners to be revealed
Companies will be forced to declare their true owners on a public register in a move to tackle corruption, Business Secretary Vince Cable says. BBC News – Business
‘Rogue directors’ crackdown planned
People convicted of commercial crimes overseas could be banned from running UK firms in an attempt to tackle “rogue directors”, Business Secretary Vince Cable says. BBC News – Business
Co-op Group reports £2.5bn loss
The Co-operative Group reports losses of £2.5bn, the worst results in its 150-year history, after what its chief executive calls a “disastrous” year. BBC News – Business
UK unemployment rate falls to 6.9%
The number of people out of work in the UK has fallen by 77,000 to a five year low of 2.24 million in the three months to February, official figures indicate. BBC News – Business
UK inflation falls to 1.6% in March
UK’s inflation rate, as measured by the consumer prices index, fell to 1.6% in March, the Office for National Statistics says. BBC News – Business