Check out the latest finance and business news in our round-up…

 

Pension contribution increase a ‘harsh jolt’ for millions

From Friday, workers in auto-enrolment pensions will see minimum contributions rise from 1% of their income 3%.

Echo Falls winemaker sold to private equity firm with eye on China

US private equity firm Carlyle Group has agreed to buy the Australian wine producer behind Hardys and Echo Falls for £547m.

Trade war ‘is the greatest threat to the world economy’ JP Morgan’s Frenkel says

The chairman of JP Morgan Chase International has said that the trade war between US and China represents the greatest threat to the world economy.

UK services sector felt the chill from the Beast from the East

Activity in the UK services sector fell to its lowest level since the Brexit vote, mainly due to the bad weather conditions.

Facebook shares rise as Zuckerberg soothes investors

Shares rose as much as 4.2% on Thursday after Mark Zuckerberg said it had not seen any meaningful impact on usage or ad sales after the data privacy scandal.  

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