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The latest industry news and updates
Posting the biggest fall in more than a year, retail sales dropped last month, increasing the risk of another economic contraction. The British Retail Consortium said this week that the like-for-like retail sales dropped by 3.3% in value terms compared to April 2011 despite a 1.3% increase in March.
In a ruling published today, the European Court of Justice (ECJ) has recommended that all aspects of discretionary fund management (DFM) including dealing fees and commission should be subject to VAT.
Following concerns about Greece’s commitment to its bailout pledges, the FTSE fell to its lowest level since the beginning of the year, closing down more than 100 points at 5,554.55 points.
After winning the French Presidency, Francois Hollande spent the day with aides discussing how to present his plan for “the priority for growth in Europe” to Germany’s Chancellor Angela Merkel next week when they meet for the first time in Berlin.
Following the expiration of the first time buyers tax break, the Halifax has reported that house prices fell 2.4% in April, which is the smallest annual fall in house prices since 2010 according to the Halifax.
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