Tesco will expand its discount range to try and entice budget conscious customers. Increasingly customers have been moving towards discount stores like Aldi, Netto and Lidl to try and cut costs as the credit crunch hits. Tesco has already discounted hundreds of everyday groceries but will cut the cost of hundreds more in the next few weeks. They claim that customers are already choosing less well known discount brands instead of costlier versions of products such as tomato ketchup, beef burgers, washing up liquid and lettuce. Personally I have been choosing more supermarket own brands as prices keep creeping up.

The ticket website paperticket.co.uk has been closed by the Metropolitan Police due to fraud fears. The site sold tickets for a number of shows including Barry Manilow and The Killers. It was closed last Friday on suspicion of fraud. Customers who have purchased tickets from the website have been advised to contact the Consumer Direct advice service  on 08454 04 05 06 for more information. People that brought ticket with a credit or debit card may be able to obtain a refund from their card issuer.

Some of the leading supermarkets have announced more petrol cuts in a second week of fuel cuts. Morrisons cut 2p from the price of a litre of unleaded and diesel making the prices 97.9p and 109.9p. Asda introduced the same prices for its fuel yesterday morning. Tesco have cut prices to less than £1 a litre and have said it will knock a further 2p off prices at most of its filling stations. Sainsbury's have said that they will reduce their costs of unleaded petrol to 97.9p a litre and diesel to 109.9p a litre. Total, BP and Shell have also announced cuts.

Production of White Rabbit candy products has resumed after the China milk scare. The vanilla flavoured sweets which are exported across the world were withdrawn during the Chinese milk scare after fears that they contained melamine. Chinese officials have accused milk suppliers of adding the chemical to batches of milk to artificially boost its protein content. Four babies have dies and more than 54,000 children fell sick as a result. China's state council made an announcement yesterday that they will overhaul the dairy industry and punish companies that have put profit above safety. The manufacturer of White Rabbit candy will now undergo government quality testing as checks are carried out on milk products in China. The company have not yet said when the product will be back on sale.

BHS has reported a fall in pre tax profits for the year end of March. Profits are down from 34% to £32.6m from £49.4m 12 months earlier. Total sales at BHS were down 1.4% to £860m. Mr Green who owns the chain said the results were "a solid performance in an exceptionally challenging market". Other retailers such as Marks and Spencer have also recently reported its worst quarterly sales performance for more than three years.

Gordon Brown intends to increase the Treasury's guarantee to savers from £35,000 to £50,000. He is also considering issuing a blanket guarantee to savers to protect all of their money in the event of their bank failing. Such a guarantee would reassure banks that they could continue to trade without the fear of a sudden collapse. The proposal could insure around £1.9 trillion in deposits.

It seems that everything is getting more and more expensive recently and it can be tough making it through until pay day. That’s where a short term loan like a payday loan can help. Basically a payday loan is a loan that you can get quickly with a short approval process and there are no credit checks involved. You just need to have a regular job and be over 18 years to apply for one. It is designed to as the name suggests help you through until your next pay cheque. You can apply for an Easy Payday Loan online and it often be approved in as little as 24 hours. 

Sales are up at Domino's Pizza as more customers choose to eat in. Sales across 535 UK Domino outlets in the UK and Ireland rose by 17.8% to £83.3m in the last 13 weeks. Over the past 39 weeks sales have increased by 18.9% to £253.5m. During the last recession in the 1990's Dominos eventually saw its sales flatten out but this time the company appears to be showing reliance leading analysts to increase their profit forecasts for the company.

Tesco is planning a move into the mortgage market as loans from traditional lenders become fewer. With the recent mergers of some of the larger banks like Lloyds and HBOS customers now have much fewer choices when looking for a home loan. Tesco will offer mortgages through a Tesco branded retail bank which will be launched after buying the other half of its Tesco Personal Finance venture from the Royal Bank of Scotland. The deal to but out RBS is expected to be completed in November.

A Cornish cheese has beaten more than 100 cheeses from around the UK to win a prestigious award. Sue Proudfoot makes Cornish Crumbly, a cheese which is handmade in small batches at her farm near Bude. The chief judge at the British Cheese Awards in Cardiff described it as having "a mildly acidic yet fresh taste with a delightful zing on the finish". Mrs Proudfoot also makes three other cheeses at her dairy.