Hope of oil price falls are dashed as OPEC+ agrees token production increase
Hope of a meaningful drop in global oil prices have been dashed after a major group of oil-producing nations, including...
Business
‘Big four’ supermarkets failing to reduce petrol prices in line with falling wholesale costs, RAC warns
The "big four" supermarkets and several other retailers are failing to reduce petrol prices in line with falling wholesale costs,...
How interest rate rise will impact your mortgage bill
The Bank of England has imposed the biggest interest rate hike since 1995 in a bid to tackle inflation, but...
Energy price cap to remain above £3,500 through most of 2023, report warns
The energy price cap will remain above £3,500 a year throughout most of 2023, according to the latest dire forecast...
Morrisons launches line of ‘carbon neutral eggs’ from hens fed on insects
Morrisons has launched a line of "carbon neutral eggs" from hens fed on insects reared on the company's own food...
FCA reveals new rules for the marketing of high-risk investments
The Financial Conduct Authority has finalised tougher rules for the marketing of high-risk investments.Under the new rules, firms approving and...
Marex clinches $220m deal to buy ED&F Man Capital Markets
A London-based commodities broker controlled by a group of former Lehman Brothers executives will this week clinch a takeover of...
Octopus Energy seeks £1bn taxpayer support to seal deal for stricken Bulb
Octopus Energy has asked the government for a £1bn taxpayer funding package to seal a takeover of Bulb, its stricken...
Bankers need to be on their mettle to help households and businesses through what’s ahead
With so much fog surrounding the prospects for the UK economy, results statements from the country's main commercial banks this...
Britons are borrowing more and saving less as cost-of-living crisis starts to hurt
Credit card borrowing last month increased at the fastest annual rate since 2005, according to new figures from the Bank...
Competition watchdog looking into ‘sustainability’ claims made by Asos, Boohoo and Asda
The UK's competition watchdog is investigating Asos, Boohoo and George at Asda over claims about the sustainability of their products.The...
BA owner returns to profitability but blames Heathrow for ‘operational challenges’
British Airways owner IAG has returned to quarterly profitability for the first time since the coronavirus pandemic, but blamed Heathrow...
Apple and Amazon beat expectations but still see profits slip as inflation bites
Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the...
Second Home shareholders wiped out as ex-Cameron adviser targets rescue deal
Investors in the shared-office company founded by a former aide to David Cameron are to be wiped out as part...
Travel misery to continue as train drivers at nine companies announce more walkouts
Train drivers at nine rail companies will strike on 13 August, the Aslef union has announced, as passengers faced further...
Shop price inflation rises to 4.4% in July – the highest rate since 2005
Shop price inflation rose to 4.4% in July, up from 3.1% in June, according to new figures.The rise is the...
IMF demands interest rate rises as UK set for weakest growth among G7 economies next year
The world's lender of last resort has appealed for central banks to raise interest rates and for governments to take...
MPs call for government to update energy support package after price cap forecasts worsen
With price cap forecasts pointing to an extremely difficult winter, MPs have called for the government to update its energy...
Ryanair warns of rising fuel costs – while reporting profit in first quarter
Ryanair has warned that rising fuel prices will increase costs despite reporting a first-quarter profit. The airline industry has been...
Barclays snaps up stake in $2bn cryptocurrency firm Copper
Barclays is taking a stake in Copper, one of the most prominent names in the fast-evolving cryptocurrency sector, even as...