RATE RISE Half the population are braced for a rise in interest rates from 0.5 per cent over the next 12 months, a Bank of England study has found.
CAR BOOST Customers borrowed £1.6billion to buy cars in April – up 31 per cent on a year earlier.
A total of 81,734 cars were bought with loaned cash during the month, a rise of 27 per cent, said the Finance & Leasing Association.
ROMAN RUINS Markets in Italy have suffered further stress as investors fret about its new Eurosceptic leadership. It suggests investors see Italy as a risk after a coalition hostile to the euro took charge.
BOSS BOOTED Compliance chief Neil Barry has left Standard Chartered bank after the lender found his management style and behaviour offensive, inappropriate and out of line with its values.
GAME ON Hollywood director JJ Abrams’s production company Bad Robot has teamed up with Tencent, China’s biggest technology company, to make video games.
AI IDEAS Principles dictating how Google uses artificial intelligence (AI) technology have been unveiled, including the requirement that it is socially beneficial.
JET DEAL Plane maker Airbus has taken a controlling stake in Canadian rival Bombardier’s flagship C-Series jetliner programme.
METAL LINK Copper miner Kaz Minerals has sold a 19.4 per cent stake in its Koksay project in Kazakhstan to China Nonferrous Metal for £52million.
SPENDING GUSH Not-for-profit firm Welsh Water plans to plough an extra £40million into its network, including £7million to reduce flood risk in Cardiff.
BOARD ROLE Alton Towers owner Merlin Entertainments has appointed Andrew Fisher, executive chairman of music discovery business Shazam, to its board.
CASH CALL Japanese pharma group Takeda is raising £5.6billion to bankroll the cash portion of its acquisition of Irish rival Shire.