Business

Hard-pressed savers see another door slammed shut

A piece of paper with money next to it



Life got even tougher for savers last week after National Savings & investments slashed the maximum sums payable into some of its most popular products by an incredible 99 per cent. The treasury- backed savings specialist has hacked down the investment limit on its hugely popular guaranteed growth Bonds and guaranteed income Bonds from £1 million to just £10,000 per person, with immediate effect.

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Tesco hits 4-year high after Booker sales lift

Tesco



TESCO shares hit a four-year high as it rang up its tenth straight quarter of improving sales, yesterday. Britain’s biggest supermarket reaped rewards from its £3.7billion acquisition of wholesaler Booker Group, cutting food prices and relaunching own brand products as group turnover in stores open at least a year grew 1.8 per cent in the 13 weeks to May 26.

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