Business

UK BANKS will need to put aside an extra £10billion to protect themselves from consumer credit losses after the Bank of England warned lenders “underestimate” the risks of growing household debt. Daily Express :: City and Business Feed

STERLING made further gains against the euro this morning as the UK currency was buoyed by Britain’s latest mortgage statistics. Daily Express :: City and Business Feed

THE price of gold has surged after North Korea accused the US President Donald Trump of “declaring war” on the rogue state, prompting fears World War 3 could be about to erupt. Daily Express :: City and Business Feed

CONSUMER goods giant Unilever has struck a £1.9billion deal to buy South Korean cosmetics firm Carver Korea. Daily Express :: City and Business Feed

SIR JAMES DYSON has announced a £2 billion investment into the development of an electric vehicle that is set to be launched in 2020. Daily Express :: City and Business Feed

SHARES in Imagination Technologies rocketed by 36.5p yesterday after the British chip maker was bought by US fund Canyon Bridge Capital Partners in a deal worth £550million. Daily Express :: City and Business Feed

ALDI has seen sales jump to record heights, despite profits slipping by nearly a fifth as the supermarket drove investment into cutting prices and expanding its reach. Daily Express :: City and Business Feed

THE pound/US dollar exchange rate has been trending in a narrow range today, with the pairing down from its recent highs of $ 1.356 to trade in the region of $ 1.347. Daily Express :: City and Business Feed

THE AA will release half-year results tomorrow, with investors set to scour for any clues on the future direction of the business following the sacking of executive chairman Bob Mackenzie last month. Daily Express :: City and Business Feed

BITCOIN’S price leapt above $ 3,900 mark amid news that a company based in Hong Kong plans to launch an Initial Coin Offering – despite China’s ban on the fundraisers. Daily Express :: City and Business Feed