Catch up on the latest business and finance news in our weekly round-up

 

RBS set for share sale after agreeing $4.9bn US penalty

Royal Bank of Scotland has agreed a $4.9bn (£3.6bn) penalty with US investors, giving the Government the green light to sell its 71% stake.

Bank of England holds UK interest rates at 0.5%

The Bank of England has put back plans for an increase in interest rates until later this year. This comes after a weaker performance of the economy in early 2018.

Pension saving not considered a financial priority by UK workers

According to LifeSight, retirement saving is only the seventh most important financial concern for employees in the UK.

Zoopla shares soar as US firm makes £2.2bn takeover bid

Shares in Zoopla Group soared by 30% after it was reported that US venture capital firm Silver Lake has offered to buy the firm for £2.2bn.

BT to axe 13,000 jobs and move out of central London HQ

Two-thirds of the 13,000 job losses are to be in the UK, mainly from the back office and middle management. They are also looking to move out of their headquarters, where they have been since 1874.

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