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Sky News
Energy bills to fall by more than £100 – but predictions say they will rise again
The average annual energy bill will be £506 cheaper than a year ago from July, the sector’s regulator has announced.The energy price cap – which limits what can be charged per unit of energy – is due to fall from the month after next. It means the average annual bill will be £1,568 a year, …
Business
Sky News
Evidence of weakening in economic recovery as election campaigning begins
Growth in the UK’s powerhouse services sector has cooled by more than expected to its weakest level in six months, according to a closely-watched survey of businesses.As campaigning got underway for a general election that is widely expected to be dominated by the economy, the S&P Global UK Composite Purchasing Managers’ Index (PMI) suggested an …
Business
Business Live
Crown Estate launch £50m fund to boost indigenous supply chain for floating offshore wind
The Crown Estate has launched a new £50m fund aimed at accelerating and de-risking early stage development of offshore wind projects. Its Supply Chain Accelerator programme is seeking expression of interests for a first phase £10m round of funding, which has been designed support the development of a new UK supply chain capability for floating …
Business
Evening Standard
Influential survey offers hope Bank of England may cut interest rates in August
Tentative signs emerged today that the Bank of England could be ready to cut interest rates in August, as an influential business survey suggested that the service sector may finally be cooling down.The S&P Global Flash United Kingdom PMI survey for May showed that prices charged inflation fell to its lowest level since February 2021. …
Business
Euro News
Hargreaves Lansdown rejects private equity takeover bid
Business
Evening Standard
Private sector growth falls in May amid signs of cooling services inflation
Growth across the private sector slowed in May, though economists were buoyed by early signs of cooling services sector inflation.The fresh data showed that the UK’s economic recovery from the mild recession seen at the end of 2023 lost momentum this month, according to experts.On Thursday, the closely watched S&P Global/CIPS flash UK purchasing managers’ …
Business
Euro News
Eurozone business activity up the most in a year: Is a recovery here?
Business
Evening Standard
AJ Bell sees customer numbers – and profit margins – jump
AJ Bell today shrugged off caution in UK markets to record another jump in profits and customer numbers.The investment platform saw customer numbers grow past half-a-million as 27,000 new investors signed up.Revenue in the half year was up 27% to £131 million, with profit up 47% to £61.4 million. That leaves AJ Bell with a …
Business
Evening Standard
NatWest share sale in jeopardy after General Election called, analysts warn
A sale of shares in NatWest to the general public could be in jeopardy after the Prime Minister called a General Election on Wednesday night, analysts have warned.Shares in NatWest were down on Thursday morning following reports that the timing of the election, set for July 4, could put the retail share offer on ice.The …
Business
Evening Standard
Struggling to afford vet care? Here are some tips amid investigation into sector
Roughly 16 million UK households have pets, but many owners are struggling to pay vet bills and are potentially overpaying for medicines, the competition watchdog has found.Here are tips for pet owners from the Competition and Markets Authority (CMA) as it carries out a full market investigation into the vets market amid concerns over practices.Choosing …
Business
Euro News
Orange juice prices soar as poor weather squeezes citrus crops
Business
Sky News
Will the economy save Rishi Sunak?
The news that inflation had fallen to 2.3%, its lowest level for nearly three years, seems to be one of the reasons the PM called an election for 4 July.Mr Sunak declared at his first stump speech: “The economy has turned a corner… our plan is working”.The latest ‘economic optimism index’ for May from pollsters …

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