Co-op accepts chief’s resignation
Craig TaylorThe Co-operative Group has accepted the resignation of chief executive Euan Sutherland, and named his replacement as chief financial officer Richard Pennycook. BBC News – Business
Business
Economy ‘to hit 2008 peak by summer’
The size of the UK’s overall economy will surpass its pre-recession peak by this summer, says the British Chambers of Commerce. BBC News – Business
‘Great uncertainty’ in tax crackdown
Government forecasts for what it expects to recoup from closing tax loopholes are vulnerable to “great uncertainty”, MPs say. BBC News – Business
Landmark default in China solar firm
Chaori Solar becomes the first Chinese firm to default on its onshore corporate bonds, say media reports quoting the firm, after failing to make an interest payment. BBC News – Business
Shell boss: Scots should stay in UK
The chief executive of the oil company Shell says he would like Scotland to “remain part of the UK”. BBC News – Business
Markets steady despite Ukraine fears
Global stock markets steady on Tuesday, with Russia’s main share index up more than 5%, as the country says it may abandon the US dollar as a reserve currency. BBC News – Business