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Bombardier to partner Airbus on C-Series jets

Bombardier to partner Airbus on C-Series jets

Image copyright Reuters Image caption Parts of Bombardier’s C-Series planes are made in Belfast European aerospace firm Airbus is to take a majority stake in Bombardier’s C-Series jet project. Bombardier has faced a series of problems over the plane, most recently a trade dispute in the US that imposed a 300% import tariff. Bombardier’s Northern […]

House prices: Have they actually gone up in your neighbourhood?

House prices in more than half of neighbourhoods in England and Wales are still lower in real terms than a decade ago, BBC analysis has revealed. In 58% of wards, residential properties are selling for less now, after accounting for inflation, than they were in 2007. iframe { height: 100vh; } /* Apply some default […]

Vanguard boss warns on stock market highs

Vanguard boss warns on stock market highs

Image copyright Getty Images The boss of Vanguard, one of the world’s biggest investment funds, has expressed concerns about the record highs in stock markets. Bill McNabb, chairman of the US company, told the BBC the markets could be on course for a “decent-sized correction at some point”. US stocks closed at fresh highs on […]

Ikea: why we have a love-hate relationship with the Swedish retailer

Ikea: why we have a love-hate relationship with the Swedish retailer

Image copyright Ikea Image caption Ikea’s first UK store opened in Warrington in 1987 Mention the word Ikea to anyone and you’re guaranteed either a sigh of despair or an enthusiastic grin, but seldom something in between. The Swedish giant is the Marmite of retail outlets: you either love it or you hate it. But […]

EasyJet and Lufthansa make offers for parts of Alitalia

EasyJet and Lufthansa make offers for parts of Alitalia

Media captionItalian airline Alitalia went into administration in May German airline Lufthansa and the UK’s EasyJet have both submitted offers to buy parts of Italy’s Alitalia airline. Lufthansa said it hoped to establish a “new Alitalia”, but was only interested in parts of the existing business. EasyJet said it had submitted an expression of interest […]

Financial regulator warns of growing debt among young people

Financial regulator warns of growing debt among young people

Image copyright Getty Images The chief executive of the Financial Conduct Authority has warned of a “pronounced” build up of debt among young people. In an interview with the BBC, Andrew Bailey said the young were having to borrow for basic living costs. The regulator also said he “did not like” some high cost lending […]

The seaside towns hit by a rising tide of debt

The seaside towns hit by a rising tide of debt

Seaside towns in England and Wales – and the young families living in them – are suffering the worst levels of debt in the country, new figures reveal. The Isle of Wight has the highest level of insolvencies amongst young adults, according to the Insolvency Service, followed by Torbay and Scarborough. Overall the number of […]

Interest rate rise should be delayed, EY Item Club says

Interest rate rise should be delayed, EY Item Club says

Image copyright PA The Bank of England should hold off from raising interest rates next month, according to a forecasting body. Bank Governor Mark Carney said rates could go up in the “relatively near term”, with many analysts expecting a hike in November. However, EY Item Club said such a move risked hurting the UK’s […]

Vauxhall plans 400 job cuts at Ellesmere Port as sales fall

Vauxhall plans 400 job cuts at Ellesmere Port as sales fall

Image copyright Vauxhall Vauxhall is cutting about 400 jobs at its Ellesmere Port car plant due to falling sales. The carmaker, now owned by France’s PSA Group – maker of Peugeot and Citroen – is “facing challenging European market conditions,” a spokesman said. Ellesmere Port, which makes the Astra models, will move staff from two […]

Inflation ‘to cause £300 benefit squeeze’- think tank

Inflation ‘to cause £300 benefit squeeze’- think tank

Image copyright PA Benefit freezes combined with the predicted rise in inflation could set some low-income households back £300 next year, a think tank has warned. September’s inflation data will be released on Tuesday, and some analysts predict the Consumer Price Index (CPI) will be 2.9%. The Resolution Foundation says loss of income due to […]

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