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Sky News
Wage rises slow as interest rate decision too close to call
Wage rises have slowed, official figures show, potentially signalling good news for those hoping for a fall in the cost of borrowing. But pay has increased faster than the overall rate of price rises. Money latest – We tried the UK’s cheapest three-course dinner* – here’s what you get for £5Earnings rose at an annual …
Business
Sky News
Bitcoin surges but big tech has reason to fear JD Vance
Much is known about JD Vance, Donald Trump’s running mate, not least his past criticism of the Republican presidential candidate, his tough working class upbringing and his time in the US Marine Corps.What the business world is more interested in, though, is the Ohio senator’s previous career in venture capital and his views on commerce …
Business
Business Live
Trio of deals landed as Humber Enterprise Park marks 10 year milestone
Humber Enterprise Park in Brough has announced three deals as it marks 10 years as a strategic business location. Westcore Europe started investing in the site – the historic home to the Hawk jet – after defence giant BAE Systems significantly reduced its East Yorkshire footprint in 2014, with 2024 marking a decade since the …
Business
Euro News
Aer Lingus resumes full flight schedule as strikes over pay end
Business
Evening Standard
UK inflation stays at 2% despite surge in hotel prices
Inflation in the UK held steady last month with cheaper clothes prices balanced out by a surge in the cost of hotels amid a busy summer of events, official figures showed.The rate of Consumer Prices Index (CPI) inflation remained unchanged at 2% in June, the Office for National Statistics (ONS) said.It means that prices are …
Business
Evening Standard
Nationwide seeks power to triple executive bonuses
Nationwide is poised for a tense annual meeting today that will see chief executive Debbie Crosbie cement her controversial takeover of Virgin Money and put in rules to increase her own pay.The board is recommending moves to pay the CEO and finance chief Chris Rhodes three times their salary in bonuses, up from a mere …
Business
Evening Standard
Pernod Ricard toasts deal to sell Jacob’s Creek and other wine brands
Jameson whiskey-maker Pernod Ricard has agreed to sell its wine business, including Jacob’s Creek and Campo Viejo, to a group of investors, as it homes in on its spirits and champagne brands.The Paris-based company said it is selling the brands to Accolade Wines owner Australian Wine Holdco Limited (AWL).It did not reveal the value of …
Business
Sky News
Bank of England economists will not be panicking over inflation data – as ‘Taylor Swift effect’ appears minor
There is nothing in today’s inflation data that will cause the nine policymakers who decide UK interest rates to panic.The overall CPI inflation rate stayed steady at 2% – bang on the Bank’s target. Core and services inflation – other measures of the prices in the inflation “basket” which the Monetary Policy Committee focus on …
Business
Sky News
British millionaire close to agreeing deal to buy The Body Shop out of administration
A deal to buy The Body Shop has come closer to being agreed, the administrators have announced. The high street cosmetics chain went into administration in February with the closure of 75 shops and the loss of 489 jobs. Money latest: Blow for mortgage holders as rate cut predictions rewrittenBut a team managed by former …
Business
Sky News
No change in inflation rate as figure higher than expected
There has been no change to the rate of inflation which remained at 2%, the target rate for the Bank of England, according to official figures but the pound is at a year high against the dollar and nearly two-year high against the euro. It means prices in June rose at the same rate as …
Business
Sky News
UK economy to grow faster than expected but short of Labour pledge, IMF says
The International Monetary Fund has confirmed that it is expecting the UK economy to grow faster than previously expected this year.The Washington-based fund, which was predicting only last October the UK would be the slowest of all the G7 nations this year, now expects it to be firmly in the middle of the pack. Money …
Business
Business Live
Animation and special effects studio Axis goes into administration
An animation and special effects studio in Bristol has collapsed into administration after struggling with labour costs and “severe” cash-flow problems. Axis was headquartered in Scotland but its VFX arm was based at the Bottle Yard Studios on Whitchurch Lane for a decade. The Bristol division worked with major film and TV brands including Netflix, …

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