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Sky News
Prices of popular brands have jumped – and the worst is yet to come
The maker of a host of well known consumer brands has revealed a big lift in prices and warned of worse to come as it battles “unprecedented cost inflation” around the world.Unilever, which produces foods such as Marmite, Cornetto ice creams and Hellmann’s mayonnaise alongside goods including Dove soap, said it had raised prices by …
Business
Sky News
Energy boss claims 20 more suppliers face bankruptcy over ‘£5bn’ price cap bill
The boss of one of the UK’s largest household energy firms has demanded urgent changes to the price cap shielding consumers from huge price rises, telling Sky News the industry is bearing a £5bn bill and “at least 20” more suppliers face bankruptcy as a result.Scottish Power chief executive Keith Anderson said the price cap, …
Business
Sky News
Household banks have invested billions in firms involved in deforestation, report claims
Household banks and asset managers have invested tens of billions of pounds financing businesses involved with deforestation, according to a new report.The research, undertaken by Global Witness and shared exclusively with Sky News, reveals the scale of investments being made in controversial and destructive agribusiness and, for the first time, calculates that financial institutions in …
Business
Business Weekly
F-Star wins over $1.52bn from blockbuster Janssen deal
Cambridge based F-star Therapeutics has clinched a minimum $1.52 billion windfall from US powerhouse Janssen with more royalty payments in the pipeline. It ranks as a global life science deal of the year. The deal with Janssen Pharmaceutical Companies of Johnson and Johnson, further validates F-star’s bispecific antibody platform. The agreement is for a worldwide, …
Business
Sky News
Bitcoin hits new high as launch of new fund opens up market to wider class of investors
Bitcoin has hit a new record high after the launch of a new exchange traded fund (ETF) linked to the cryptocurrency – seen as likely to open it up to a wider class of investors.The price topped $67,000 on Wednesday, surpassing a previous record of just below $65,000 set in April. Bitcoin – the world’s …
Business
Sky News
Weidmann exits after dogged campaign against ECB’s approach to ‘addictive’ cheap money
One of the world’s most important central bankers is stepping down.Jens Weidmann announced this morning that he was resigning as president of the Bundesbank, Germany’s central bank, after more than a decade in the job. It is a move that could have significant implications. Image: Mr Weidmann has led the Bundesbank since 2011 Pic: AP …
Business
Evening Standard
Nationwide becomes latest to up mortgage costs ahead of interest rate rises
NATIONWIDE Building Society today put up the cost of some of its most popular mortgages, the latest sign that home loans are getting more expensive.With the City betting on a rise in interest rates, perhaps as soon as next month, lenders are already binning their cheapest deals and replacing them with more costly offerings.While the …
Business
Sky News
Petrol retailers warn of record prices at the pumps within days
Petrol retailers have been accused of “taking a bigger cut” by a motoring group after warning that record pump prices are expected within days.The Petrol Retailers Association (PRA) – which shot to public prominence last month as the industry grappled delivery problems that sparked weeks of panic-buying in areas of England – blamed rising wholesale …
Business
Business Live
New maps of Welsh Metro project aimed at helping get Wales to net zero
Delivering the £1bn Welsh Metro project will be one of the most “ambitious and complex programmes” Welsh Government has undertaken says Deputy Minister for Climate Change Lee Waters. The minister, with a responsibility for transport, today unveiled new maps showing the enormous scale of the project. It comes a week before the Welsh Government publishes …
Business
Business Live
Clarks’ workers continue to strike amid shoe retailer’s ‘fire and rehire’ policy
Workers at Clarks in Somerset are continuing to strike amid a ‘fire and rehire’ policy they say will reduce pay and conditions. The shoe retailer posted a record loss of £180m for last financial year with a £600m drop in revenue – down 45%. It said the move would protect the future of the firm …
Business
Business Live
The benefits of independent financial advice
Following last week’s column on the difference between receiving independent financial advice, or advice from a “restricted” adviser, I had a few queries to answer. A restricted adviser works for just one company. An independent financial adviser chooses from all the companies and options available based on the needs of the person in front of …
Business
Evening Standard
Banks pull cheapest mortgage deals off market as interest rates set to rise
Banks are pulling their cheapest mortgage deals off the market as interest rates rise, sending the cost of home loans sharply upwards.The City now expects the Bank of England to raise rates from historic lows of 0.1% either next month or the month after, with base rates expected to hit 1% by August.Analysis for the …

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