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19.09.2023 - 10:46
Business
Sky News
B&Q owner and Lloyds urge Hunt to hand out ‘rebate to renovate’
Britain’s biggest high street bank and the owner of DIY retailer B&Q are among a group of companies urging Jeremy Hunt to support the energy transition by overhauling the stamp duty regime for housebuyers.Sky News has learnt that Lloyds Banking Group, Kingfisher and Santander and E.ON UK, the domestic energy supplier, have signed up to …
19.09.2023 - 10:43
Business
Euro News
Eurozone inflation revised down to 5.2% in August
19.09.2023 - 10:11
Business
Business Live
UK-made driverless shuttle bus takes to streets of Prague
A company that makes driverless pods and shuttle buses is deploying its transport tech in mainland Europe for the first time. Coventry-based Aurrigo International, which listed on AIM in 2022, has seen its Auto-Shuttle vehicle take to the cobbled streets of Prague as part of the €305,000 (£263,000) EU-backed project. The Auto-Shuttle is an electric …
19.09.2023 - 09:53
Business
Evening Standard
Kingfisher shares hammered after B&Q owner warns on profits
Shares in the owner of B&Q and Screwfix slumped today after a profit warning followed a disappointing showing from its Polish and French businesses.Kingfisher cut its full-year profit forecast to £590 million, down from £634 million. It reported a drop in first-half profit before tax of a third, to £317 million.It came with what the …
19.09.2023 - 09:38
Business
Euro News
Instacart sets IPO price at $30 a share, valuing the company at about $10 billion
19.09.2023 - 09:17
Business
Sky News
Aldermore hires advisers to plot raid on Co-operative Bank
Aldermore Group, the mid-sized consumer and business lender, has hired advisers to plot a takeover of the Co-operative Bank.Sky News has learnt that Aldermore, which is itself owned by South Africa’s FirstRand Group, is working with investment bankers on BNP Paribas on the size and structure of an offer. City sources said on Tuesday that …
19.09.2023 - 09:00
Business
Sky News
UK forecast to have highest inflation rate among G7 nations
The UK economy will have the highest inflation rate among the world’s richest nations this year, according to new forecasts.The Paris-based Organisation for Economic Co-operation and Development (OECD) said in its interim economic outlook report that it expected the UK’s inflation rate to average 7.2% during 2023. That was a rise on its previous forecast …
19.09.2023 - 08:42
Business
Sky News
‘A joke’: Farage fury as ‘no evidence’ found of bank account closures due to political views
The City regulator has found no evidence that banks are closing accounts on the basis of customers’ personal views, prompting a furious response from Nigel Farage.The Financial Conduct Authority (FCA) had been investigating the issue covering the 12 months to June in the wake of the so-called de-banking row that engulfed NatWest Group in relation …
19.09.2023 - 05:59
Business
Sky News
‘In the right area’: Ex-Bank of England governor urges interest rate caution
A former governor of the Bank of England has told Sky News that while it was too slow to turn off the stimulus taps after the COVID pandemic, its actions to tame inflation are now “in the right area.”Lord Mervyn King, who presided over the Bank‘s response to the global financial crisis in 2008, was …
18.09.2023 - 15:44
Business
Sky News
Post Office Horizon victims offered £600,000 of compensation
The government has announced a new fixed sum payment for victims of the Post Office Horizon scandal in an effort to provide quicker compensation.An award of £600,000 is on offer to the 86 postmasters who have had their convictions over turned after faulty Horizon software made it appear they were stealing as money looked to …
18.09.2023 - 15:17
Business
Sky News
Chancellor offers olive branch to ailing CBI business group
The chancellor has offered an olive branch to the CBI, the stricken business lobbying group, by agreeing to meet its boss for the first time since a sexual misconduct scandal erupted in the spring.Sky News has learnt that Jeremy Hunt has agreed to hold in-person talks with Rain Newton-Smith, the CBI director-general, in the run-up …
18.09.2023 - 12:55
Business
Euro News
Spain sees better-than-expected post-COVID growth
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