DAILY BRIEFING: Lidl notches up an 8% rise in sales over Christmas as shoppers snap up turkeys and mince pies
FESTIVE CHEER Discount grocer Lidl notched up an 8 per cent rise in sales over Christmas as shoppers snapped up turkeys and mince pies.
The rise in sales in the six weeks to December 30 was driven by its deluxe range, where takings were up 33 per cent.
BANK PROBE A major investigation into the Royal Bank of Canada has reportedly been launched by the City watchdog.
Lidl notched up an 8 per cent rise in sales over Christmas
Dozens of former employees are said to have complained about their treatment by RBC.
The Financial Conduct Authority was alerted by London-based whistleblower John Banerjee, who won a tribunal case after the bank sacked him for raising concerns about its trading policies.
SLOW GROWTH The economy grew by just 0.3 per cent in the three months to November, its weakest pace for six months, as uncertainty over Theresa May’s Brexit deal took a toll.
The manufacturing sector shrank by 0.3 per cent according to the Office for National Statistics and is down for five months in a row, its longest losing streak since the Great Recession.
TRUMP OUT President Trump is pulling out of this year’s Davos conference to deal with political turmoil in the US which has seen a government shutdown over his plans for a wall along the Mexican border.
JOBS CUT Around 500 jobs are being cut at US investment group BlackRock as it slims down in the face of market turmoil.
The firm is slashing the roles from offices across the world.
‘RIGGING’ PAYOFF Lender HSBC agreed in a New York court to pay £23.5million to investors who claimed its staff rigged bond markets to boost their profits.
HIGH FLYING London airport Heathrow flew 80m passengers last year, 2.7 per cent higher than a year earlier.
It posted a 2.5 per cent rise in passenger traffic in December as 6.5m travelled through the airport.