1 A scheme to help young people to save has been derided after it emerged that the first account would pay an interest rate more than five times lower than inflation. The Lifetime ISAhttps://www.thetimes.com/article/lifetime-cash-isa-for-young-savers-pays-just-0-5-interest-xqvl7982g , known as the Lisa, was promoted by George Osborne in his final budget as a way for young people to save money for their first home or their retirement.
2 Shoppers are shunning high streets and retail parks after the two most recent terror attacks. Retail visits in central London fell 7 per cent on Sunday and Monday, compared with the same time last year.
3 Vodafone has launched a crackdown on fake news and hate speech, saying that it will prevent its adverts from appearing alongside objectionable content. The mobile telephone company spends half of its £750 million global annual advertising budget on online ads.
4 Fred Goodwin has escaped having to defend himself in court over Royal Bank of Scotland’s £12 billion rights issue after a group of shareholders abandoned a lawsuit against the bank and former directors.
5 Tesco has been criticised over the £142,000 it paid to the supermarket’s chief executive in relocation costs. Pensions & Investment Research Consultants, a governance advisory body, advised shareholders to oppose the remuneration report, saying that a 179 per cent increase in benefits for Dave Lewis was “not considered appropriate”.
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6 Britain’s start-up businesses are more optimistic about their prospects than their rivals in the United States, Europe and Asian economies, despite the uncertainties caused by Brexit, according to research by EY.
7 Christopher Bailey, the chief designer and outgoing chief executive of Burberry, will receive a £10 million loyalty reward next month as he steps down as boss.
8 Nearly half of the sum spent on house purchases in the past year has come from cash buyers, as an ageing population dominates Britain’s housing wealth. A total of £138 billion was spent on house purchases in the UK by outright cash buyers.
9 Companies with a chairwoman or female chief executive are making greater strides towards gender diversity in the boardroom and have almost twice as many women directors as corporations led by men, research shows. Overall, however, women are still under-represented on corporate boards.
10 An American company is to open the largest coworking space in the world at London’s South Bank as the demand for flexible, shared office space surges. We Work, which has more than 100,000 members, has signed a deal with Almacantar, the British property developer, to take 280,000 sq ft at Two Southbank Place.