Business

It’s a red card for Monzo expansion

MONZO saw losses balloon last year after its banking ambitions led to a 336 percent surge in operational costs. The digital challenger logged pre-tax losses of £33.1million in the year to February 2018, having widened from just £7.9million a year earlier. Daily Express :: City and Business Feed

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Tesco link with Carrefour ‘will improve quality’

TESCO is to form a “strategic alliance” with French retailer Carrefour as part of efforts to cut prices and get a leg up on competitors. The long-term deal will be covered by a three-year framework and see the two companies form a strategic relationship when dealing with global suppliers. Daily Express :: City and Business Feed

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Gender pension gaps revealed

YOUNG women in their late 20s or early 30s putting money into a workplace pension may end up with less money than their male counterparts, according to new research. A study by investment firm Fidelity International found that a woman’s pension pot could be more than 10 per cent smaller than men’s. Daily Express :: City and Business Feed

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