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Sky News
Return to pre-pandemic living standards for poorest families will take ‘until end of 2026’
The poorest half of UK families will have to wait until the end of 2026 for their real incomes to return to pre-COVID levels, according to independent analysis.The National Institute of Economic and Social Research (NIESR) said low to middle income households face seven years of falling living standards due to the fallout from the …
Business
Sky News
Oil costs drop to lowest level since July
The battle against inflation could receive a boost – if a big fall in global oil costs is sustained.Brent crude futures fell by 4% on Tuesday to levels not seen since July on the back of data that suggested demand would continue to slide in China – the world’s second biggest economy. Brent was trading …
Business
Euro News
UBS shares up by 4% despite $785 million loss following Credit Suisse deal
Business
Euro News
Italy police seize €779 million from Airbnb in tax probe
Business
Euro News
Nintendo profits jump after boost from Super Mario movie
Business
Business Live
World’s biggest luxury watch retailer Watches of Switzerland plans to double sales and profits
The world’s biggest luxury watch retailer has set out bullish plans to more than double sales and profits over the coming five years and grow its share of the posh branded jewellery and pre-owned watch markets. Watches of Switzerland Group, which owns Goldsmiths and Mappin & Webb, said despite the headwinds facing retail it was …
Business
Evening Standard
Metro Bank says outflows return to normal after £325 million rescue deal
Business
Sky News
House prices back on the rise for first time in six months
After six months of falls house prices across the country are on the rise again, according to analysis from part of the UK’s biggest mortgage lender.Last month, for the first time since March, the cost of buying a house increased as the number of properties on the market shrunk, according to the Halifax house price …
Business
Euro News
Income inequality in Europe: Which countries have the highest and lowest disposable income?
Business
Sky News
Grocery inflation ‘back in single digits’ – as supermarket with fastest sales growth named
The pace of grocery inflation has eased back to single digits for the first time since July last year, according to closely-watched industry data.Kantar Worldpanel, which records supermarket sales and price data, put the annual rate at 9.7% during the four weeks to 29 October. It said the decline, from the 11% recorded over the …
Business
Sky News
New law to ensure 40% of trains run during strikes, government announces
The government will introduce a new law to parliament on Tuesday, which they say will ensure 40% of trains will still run on strike days. The new minimum service level regulations will also make sure “certain priority routes can remain open” – though it is not yet clear which journeys will be covered. Other rules …
Business
Sky News
British Steel to shut down blast furnaces ‘leaving 2,000 jobs at risk’
British Steel has revealed a decarbonisation plan that could result in the loss of 2,000 jobs in Scunthorpe, according to unions.The Chinese-owned company confirmed it wanted to shut down the blast furnaces at its manufacturing base there. Replacing them would be two cheaper, greener electric arc furnaces (EAFs) – one in Scunthorpe and the other …

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