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Government borrowing lower than forecast – but next chancellor ‘facing Pandora’s box’
Government borrowing was less than expected in May, new figures have revealed.Net borrowing – the difference between public sector spending and income – was £15bn, an increase of £0.8bn on the same time last year, the Office for National Statistics (ONS) reported on Friday. The amount is below the £15.7bn forecast by the Office for …
Business
Sky News
Microsoft back as world’s most valuable company
Microsoft has regained the title of the world’s most valuable public company just days after it was overtaken by one of its rivals.Computer chip maker Nvidia lost its hold on the top spot after its shares slipped by 3.5% in the US on Thursday, leaving the company valued at $3.2trn (£2.5trn). Microsoft’s shares also dipped …
Business
Evening Standard
Consumer confidence up amid increasing optimism in the economy
Consumer confidence has seen its third monthly increase since March bolstered by increasing optimism about the economy, a survey suggests.GfK’s long-running Consumer Confidence Index rose by three points in June as it made its slow climb out of negative territory to minus 14.The increase was driven by a seven-point improvement in confidence in the general …
Business
Euro News
Beijing protests EU tariff increase on Chinese electric vehicles
Business
Euro News
‘You want to be surgical’: How AI and big data are shaking up B2B marketing
Business
Euro News
UK retailer Sainsbury’s to offload banking business to NatWest
Business
Sky News
A rate cut is coming but the election could have a role in delaying it – Ian King
The Bank of England’s monetary policy committee (MPC) was never going to cut interest rates today. Not two weeks before a general election.Cutting the cost of borrowing would have been perceived as highly political, potentially offering support to the government, even though some Conservative politicians, such as the former business secretary Jacob Rees-Mogg, sought to …
Business
Business Live
Draeger maintains profitability despite end of PPE contracts
A drop in demand for products has led to a fall in revenues and profits at major Northumberland employer Dräger Safety. Draeger Safety UK Ltd, which trades as Dräger Safety, has manufactured safety and medical technology solutions from its base in Blyth for more than 60 years. It has now published accounts for 2023, showing …
Business
Evening Standard
Adnams chairman to step down as historic brewer makes ‘progress’ on fundraising
Jonathan Adnams, the chairman of beer brewer Adnams, is to step down, marking the end of the family’s representation on the Suffolk-based company’s board.The company said on Thursday that Mr Adnams would step down before next year’s annual shareholder meeting, pencilled in for June 2025.Mr Adnams is a descendent of George and Ernest Adnams, who …
Business
Sky News
Restructuring firm Interpath in talks to buy KPMG French unit
The British-based restructuring firm spun out of KPMG three years ago is to stage another raid on the accountancy giant by acquiring a unit of its French operation.Sky News has learnt that Interpath Advisory is in advanced talks to acquire KPMG‘s restructuring division in France, with a deal possible as soon as next month. City …
Business
Sky News
Future of new oil and gas projects in UK thrown into doubt after landmark Supreme Court decision
The future of new oil and gas projects in the UK has been thrown into doubt following a landmark decision by the Supreme Court.The court concluded the environmental impact of emissions from burning fossil fuels must be considered in planning applications for new extraction projects – not just the impacts of the emissions produced in …
Business
Evening Standard
YouGov shares crash after shock profit warning in ‘busiest year for elections on record’
The busiest year of elections on record has failed to deliver profits for YouGov, as the pollster’s shares crashed today on the back of a shock profit warning.With well over a billion voters across the globe going to the polls this year, YouGov polls and projections have been all over newspaper front pages. YouGov has …

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