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Sky News
Average mortgage rate on five-year fixed deal slips below 6% for first time in months
The interest rate on the average five-year fixed mortgage has dropped below 6% for the first time in nearly three months.According to financial information firm, Moneyfacts, the last time the average five-year rate was below 6% was 3 July. As of Thursday, the firm said, the charge for the average five-year fixed mortgage is 5.99%.Mortgage …
Business
Sky News
Latest setback for world’s most indebted property developer as chairman reported taken by police
Share trading in the Chinese property giant Evergrande has been suspended following reports the company founder and chairman had been taken by police. Concern about the company’s future and ability to pay its bills has grown as investigations have meant it’s been unable to issue new debt. Evergrande has been teetering on the brink of …
Business
Euro News
Households lost a record €6.6 trillion across the world in 2022
Business
Euro News
Tesla and car manufacturers under scrutiny in EU’s probe of China’s electric vehicle subsidies
Business
Sky News
Lights more likely to stay on this winter as risk of blackouts fades
The risk of the lights going out is down this winter, with power margins almost back to levels seen before the energy crisis, according to an eagerly awaited report.National Grid ESO’s annual winter outlook, which assesses its own readiness for the coldest months of November to March, said it only saw a matter of minutes …
Business
Sky News
‘Not enough hours in the day’: Parents planning to quit their jobs as firms move away from remote working
Moving away from remote working is costing parents more than £600 extra per month in childcare, Sky News has learned.Figures shared by Pebble, a flexible childcare service, show that half of the 2,000 parents polled said they were planning on quitting their jobs as a result. A third said they have already moved to a …
Business
Euro News
Explainer: What happens if the US government shuts down in a few days?
Business
Sky News
Rosebank heralds new North Sea oil frontier as UK’s climate ambitions shift
The timing could hardly be any more provocative.Barely 24 hours after the International Energy Agency (IEA) reiterated in a new piece of analysis that there was no need for new oil or gas projects if the world is to get to net zero, Britain has approved the biggest new oilfield in more than a decade. …
Business
Euro News
Evergrande’s Chairman Detained by Police, what’s next for the indebted property developer?
Business
Sky News
North Sea Oil, wine and the Sunshine State
On today’s episode, Ian King discusses the development of Rosebank – the UK’s largest untapped oil and gas field. He also speaks to the Mayor of Jacksonville about investment in Florida.And Ian chats to the chief executive of Chapel Down, the UK’s biggest winemaker about its profits.:: Listen and subscribe to The Ian King Business …
Business
Euro News
Russian economy expected to grow despite Ukraine war fallout
Business
Business Live
Ideal Heating turns up the sales temperature with strong market share wins
Ideal Heating has turned up the sales temperature once again as it closes in on becoming an employer of 1,000 in Hull. The boiler and heat pump manufacturer, investing heavily in the city to meet the Net Zero transition, saw turnover hit £383.2 million in 2022, up 9 per cent from £351.9 million. Profits were …

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