Finance HeadlinesRetail sales slump in JuneLONDON (Reuters) - Retail sales slumped in June at the sharpest rate on record, official figures showed on Thursday, more than wiping out May's record rise and dragging three-month growth down to its weakest since late last year. Focusing On Your FinanceCost of credit card cash on the riseCredit card providers have been hiking up their interest rates - especially for cash-strapped customers forced to withdraw money from ATMs
House sales drop by half in a yearThe number of homes sold has halved in a year, and repossessions have increased three-fold in three years, according to new figures
Does insurance help if you lose your job?Sales of insurance policies that cover your bills if you lose your job have soared in recent weeks as the credit crunch starts to hit jobs
Banks vs building societies: Who's best?The credit crunch has sparked a fierce battle for your money. But who is worthy of your custom - the bank or the building society?
BBC Finance NewsLoch Fyne wages 'below minimum'Staff at the ethical restaurant chain Loch Fyne are being paid less than half the national minimum wage, the BBC finds. Fuel poor tariffs 'must be cheap'Regulator Ofgem tells energy companies the tariffs offered to their poorest customers must match their cheapest deals. Fears for wedding gift list firmWedding gift firm Wrapit says it is having financial problems, amid fears that brides and grooms will not get their presents. Boss of BP Russia venture leavesBP says the chief executive of its Russian venture TNK-BP has temporarily left Russia because of "sustained harassment". British Energy close to sale dealFrench energy firm EDF and British Gas owner Centrica are close to buying British Energy, the BBC learns. UK retail sales fall 3.9% in JuneRetail sales in the UK fell 3.9% in June, reversing a sudden and unexpected 3.6% record surge seen in May. |