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Sky News
Inflation figures may shift dynamic in cost of living crisis but rate rise still likely
The headline numbers don’t do justice to the significance of the inflation data.On the surface, this only looks like a small fall, with the consumer price index (CPI) dropping from 6.8% in July to 6.7% in August. So what, you might ask? After all, it’s a far smaller drop than the one we heard about …
Business
Sky News
‘We’re not going to save the planet by bankrupting Britons,’ says home secretary – as car makers hit out at government
The home secretary has said that “we’re not going to save the planet by bankrupting the British people” in response to reports the government is looking at watering down some of its key green pledgesAmong the changes being considering are the pushing back of a ban on the sales of new vehicles with internal combustion …
Business
Sky News
UK inflation unexpectedly eases
The rate of inflation has eased slightly to 6.7% confounding the predictions of economists that it would rise.The Office for National Statistics (ONS) said the consumer prices index (CPI) measure slowed in the 12 months to August, from the 6.8% figure reported the previous month, thanks to food rising at a weaker pace during the …
Business
Sky News
CBI acknowledges financial distress and postpones crunch AGM
The CBI, the ailing business group, has acknowledged its financial travails for the first time as it postponed what was set to be a crucial annual meeting this week.Sky News has seen a message from the CBI to members which admitted it had “experienced some short term cashflow challenges”. It insisted, however, that it was …
Business
Euro News
US-Venezuela relations at a tipping point: investors bet on possible sanctions relief
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 …
Business
Euro News
Eurozone inflation revised down to 5.2% in August
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 …
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 …
Business
Euro News
Instacart sets IPO price at $30 a share, valuing the company at about $10 billion
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 …
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 …

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