House of Fraser set for China sale
Craig TaylorDepartment store chain House of Fraser is poised to be sold to Chinese company Sanpower, the BBC understands. BBC News – Business
Business
Car sales see biggest rise in decade
Sales of new cars rose at their fastest pace for a decade, the Society of Motor Manufacturers and Traders (SMMT) says. BBC News – Business
Vodafone to create 1,400 jobs in UK
Mobile phone firm Vodafone says it will create 1,400 jobs by opening 150 new shops in 2014. BBC News – Business
Vince Cable defends Royal Mail sale
Business Secretary Vince Cable refuses to apologise over Royal Mail’s sale, despite criticism from the spending watchdog. BBC News – Business
Network Rail plans £38bn investment
The operator of Britain’s train tracks and stations, Network Rail, announces a five-year plan to invest £38bn in rail infrastructure. BBC News – Business
Watchdog accused of inquiry blunder
A senior MP says the Financial Conduct Authority appears to have made an “extraordinary blunder” by allowing details of an investigation into old insurance policies to emerge ahead of schedule. BBC News – Business