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Hot Off The Wires - 10 January 2020

News

  • A passenger aircraft that crashed in Iran killing 176 people was mistakenly brought down by an Iranian anti-aircraft missile, western intelligence officials believe.

  • Optimism soared among Britain’s large companies after last month’s election, with many now increasing investment and preparing to hire more workers. The latest Deloitte CFO survey shows that business sentiment among finance chiefs rose at its fastest in 11 years after the Conservatives’ victory.

  • The City regulator is planning to stop banks and building societies ripping off loyal customers by forcing them to offer savers a minimum interest rate. Savers are penalised if they stick with a provider for more than a year as rates plunge after an introductory period. Banks tend to offer higher rates to new customers.

  • Northern Rail is months away from financial collapse amid growing anger over poor performance on the busy commuter network. Grant Shapps, the transport minister, said yesterday that the franchise would “only be able to continue for a number of months”.

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