Check out our latest round-up of business & finance news


Bargain Booze owner Conviviality to file for administration

The company behind Bargain Booze and Wine Rack is to appoint administrations within a fortnight. This puts 2,600 jobs at risk as well as threatens supplies to pubs.

Amazon sinks as US tech stocks continue to slide

 The Nasdaq index dropped almost 60 points on Wednesday. This comes after calls for tighter regulation of tech firms, competition concerns and questions over autonomous driving.

Extreme fossil fuel investments soar to $115bn under Donald Trump presidency

Funding from big banks for “extreme” fossil fuels jumped by 11%, with finance for highly polluting tar sands projects more than doubled.

UK household saving ratio hits record low in 2017

The Office for National Statistics reported that a full year household ‘saving ratio’ fell to just 4.9% from 7% in 2016.

CME Group reaches deal to acquire NEX for $5.5billion

 Futures trading giant CME Group reached a deal to buy NEX Group for £3.9 million. The transaction is expected to close in the second half of 2018, pending approval of regulators.

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