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Tesco boss handed £10.8million pay package as millions of Britons skip meals
Tesco chief executive Ken Murphy received a total remuneration package worth £10.8million during the 2025/26 financial year, according to the supermarket giant’s latest annual report.The package represents an increase of around £1million compared with the £9.8million Mr Murphy received during the previous financial year.Tesco’s annual report revealed the chief executive was awarded a £3.4million bonus alongside £5.7million in share awards linked to company performance.The retailer reported earni...
DWP benefits crackdown: Universal Credit, PIP and Pension Credit among payments under fresh review
The Department for Work and Pensions (DWP) has confirmed five major benefits will be scrutinised for fraud and error during the 2026/27 financial year as part of a wider Government crackdown on incorrect welfare payments.Universal Credit, Housing Benefit for pension-age claimants, Pension Credit, the state pension and Personal Independence Payment (PIP) have all been included in the department’s latest review programme.The results of the assessment are expected to be published in May 2027 follow...
STARTEEPO Invest Announces 5% Stake in Xerox Holdings Corporation
STARTEEPO Invest (“STARTEEPO”), an alternative investment fund focused on public equity opportunities, today announced that it has acquired a significant ownership position in Xerox Holdings Corporation (“Xerox” or the “Company”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260515594020/en/ As of the date of this release, STARTEEPO and its affiliates beneficially owns 6.6 million shares of Xerox (excluding options), representin...
Gold Bond’s popular skin-tightening neck cream is on sale for $12
Deals and SalesA 53-year-old says this now-$12 Gold Bond neck cream fixed their ‘waddle-like, crepey’ neckIt contains hyaluronic acid to hydrate and salicylic acid to exfoliate.May 15, 2026, 12:54 PM EDTBethany HeitmanContributing EditorSkip to table of contentsFor maximum results, apply this neck cream twice a day, massaging it into skin with upward motions.AmazonWhen it comes to getting older, your neck is one of the first spots to show signs of aging. Experts have previously told me that the...
What to expect as Jerome Powell's tenure ends as Federal Reserve chair
Kevin Warsh is expected to take over as chair of the Federal Reserve as Jerome Powell concludes his tenure. Kristin Myers, the senior vice president of content and editor in chief of ETF.com, joins CBS News with more.
UK cake maker plunges into administration as 120 staff face uncertain future
Sussex Bakes Ltd, trading as More Foods, has entered administration, putting 120 jobs at risk at its Chichester, West Sussex cake factory. The business has been supplying traybakes and baked goods to major retailers since 2003.
Global Bond Selloff Halts Stock Rally | Open Interest 5/15/2026
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." The global bond selloff accelerates as inflation fears ripple across markets. Plus — from Nvidia to Boeing — the biggest winners and losers emerging from President Trump and President Xi’s Beijing summit. SambaNova CEO Rodrigo Liang breaks down the coming AI infrastructure war, SūmerSports CEO Lorrissa Horton explains how AI is reshaping the NFL, and Dexcom CEO Jake Leach on why glucose monitors...
UAE to accelerate oil pipeline project to bypass Strait of Hormuz
The Crown Prince of the UAE says the project would help 'meet global demands'.
Global Bond Selloff Deepens as Rising Oil Prices Spook Investors
Government bond markets tumbled around the world, sending yields surging from Japan to the US on intensifying fears that the war-driven price shock will force central banks to raise interest rates. Ian Lyngen, Head of US Rates Strategy at BMO Capital Markets, discusses the rise and why the US 30-year over 5% is particularly concerning. (Source: Bloomberg)
$25,000 short-term CD vs. $25,000 high-yield savings account: Which will earn more this year?
MoneyWatch: Managing Your Money $25,000 short-term CD vs. $25,000 high-yield savings account: Which will earn more this year? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section fo...
Oil price gains and Westminster worry sink stocks
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Hedge fund boss husband of Pippa Middleton says their family's 'high public profile' justifies banning ramblers from the drive of their £15million mansion
James Matthews and the sister of the Princess of Wales, who live in the Grade I-listed Barton Court in Berkshire, are battling with Britain's walking charity over access to a footpath on their property.
Power prices are up 76% on America’s biggest grid, and a watchdog is pointing fingers
The largest electrical grid in the U.S., the PJM Interconnection, saw prices nearly double over the last year, according to a report published yesterday by an independent monitor. The culprit? Data centers. Wholesale prices for one megawatt-hour of electricity rose to $136.53, up from $77.78 at the same time last year. Crain’s Chicago Business was first to report on the spike. Monitoring Analytics, the independent market monitor that serves as a sort of watchdog for the PJM grid, pointed the fin...
What happens to your Social Security if a creditor wins a lawsuit against you?
MoneyWatch: Managing Your Money What happens to your Social Security if a creditor wins a lawsuit against you? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com,...
G-7 to Discuss Bond Selloff Sending Yields to Multi-Decade Highs
Group of Seven finance chiefs are set to discuss the selloff in government bonds that’s sending yields on some benchmark securities to their highest levels in decades, with at least one member viewing the move as temporary.
FTSE 100-listed insurer Hiscox’s shares leap amid report of takeover bid
Canada’s Intact Financial Corp is said to be exploring offer, as London-listed Tate & Lyle attracts US suitorShares in Hiscox surged to record highs on Friday as it became the latest UK takeover target after a flurry of overseas bids for British businesses this week.Canada’s Intact Financial Corp, which provides property and casualty insurance, is said to be exploring a potential takeover of Lloyd’s of London insurer Hiscox, according to a report by the Insurance Post. Continue reading...
Championship clubs up promotion gamble by adopting new financial rules
Loss-making Championship clubs have raised the stakes in their £1.2bn gamble to reach the Premier League by voting in new financial rules. Teams in the second tier have agreed to adopt a framework based on squad cost ratio (SCR), similar to those set to be implemented in the top division, from next season. The new rules will replace profit and sustainability (P&S) regulations, which were themselves modelled on the Premier League’s similar PSR scheme. They will require all clubs to limit sp...
Turkey’s Kontrolmatik Defaults on 450 Million Liras Debt
Turkey’s Kontrolmatik Enerji ve Muhendislik defaulted on two separate lira bonds that matured on Friday, according to a statement by Turkey’s Central Securities Depository, marking a rare corporate debt default in the country’s local bond market.
Labor leaders call veto of collective bargaining bill a ‘betrayal’ by Virginia governor
Union leaders say veto from Democrat Abigail Spanberger is an about-face from promises she made on campaign trailVirginia’s Democratic governor Abigail Spanberger vetoed a bill Thursday that would have restored collective bargaining rights for 50,000 public sector workers in the state. Union leaders say the veto is a “betrayal” and “slap in the face” after the governor campaigned last year on promises to restore collective bargaining rights.Though majorities in both chambers of Virginia’s genera...
Bloomberg Surveillance 5/15/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)