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Altmann turned down pensions minister job

Ros Altmann was offered the role of pensions minister by the Conservatives but turned it down, Money Marketing can reveal. Instead, Altmann will be made a peer and appointed minister responsible for financial consumer protection and education. Former pensions minister and LibDem Steve Webb lost his seat in today’s general election, leaving the Conservatives without […]

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Tesco posts record loss of £6.4bn

Tesco has posted a record loss of £6.4bn, one of the biggest losses outside of banking in British corporate history. In its annual results, published today, the supermarket group revealed it made a pre-tax loss of £6.38bn in the year to the end of February, compared with a pre-tax profit of £2.3bn the previous year. […]

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First year-on-year deflation since records began

The consumer prices index has fallen year-on-year for first time since official records began in 1996. Office for National Statistics data show CPI fell by 0.1 per cent in the year to April 2015, compared to no change in the year to March 2015. It is the first year-on-year fall since 1960 based on comparable […]

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Advisers cheer Conservative victory

Advisers have welcomed news of the Conservatives’ election victory despite mourning the loss of some Liberal Democrat ministers. David Cameron’s party have been swept back into power today, gathering enough seats to rule without the support of the Lib Dems. Alpha Investments and Financial Planning director Alan Solomons says the news is positive for investment markets. […]

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