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Evening Standard
Bank of England likely to raise interest rates again after fast wage growth, but it could be the last hike
The Bank of England looks set to raise interest rates again next week after wages in the UK continued to surge at a record rate, according to latest official data.Total pay including bonuses jumped 8.5% in the three months to July, although this was boosted by one-off lump sum payments of at least £1,655 to …
Business
Business Live
Welsh med tech firm posts big revenue rise following £33m fundraise
One of Wales’ leading medical device companies, Creo Medical, has reported a sharp rise in revenues for the first half of its financial year following strong trading and new tech launches. The Chepstow-based Alternative Investment Market-listed firm, which is focused on the emerging field of surgical endoscopy, posted revenues of £15.7m in its latest interim …
Business
Euro News
Unemployment is on the rise in the UK, but so are wages
Business
Sky News
Why the end to interest rate hikes is now in sight
Wages are outstripping inflation for the first time in more than a year, meaning our living standards are no longer declining. So, have we finally found a way out of the cost of living crisis? The headline figures from the official statistics release sound promising but, for most people, they simply don’t ring true. Please use …
Business
Sky News
The 24 Wilko stores closing today – see if your local is on the list
Wilko will begin shutting its doors for good on Tuesday, as the high-street retailer prepares to close down.Stores across the country, from as far apart as Aldershot, Falmouth and Stafford, are among the 24 branches to shut, with a further 28 ceasing trading on Thursday. Next week, another 124 more shops will go and the …
Business
Sky News
Pace of wage growth outstrips rate of inflation while unemployment rate ticks up
A boost in household spending power has been revealed as basic wage growth in July outstripped the rate of inflation for the first time in more than 18 months, according to official figures.The latest employment data from the Office for National Statistics (ONS) showed that wages, excluding the effects of bonuses, were up 7.8% compared …
Business
Euro News
New economic corridor, new member: Five key takeaways from the G20 summit
Business
Euro News
Why is the US government taking Google to court and what could it mean for you?
Business
Euro News
Europeans approve of EU measures to deal with energy crisis and help Ukraine
Business
Euro News
Nvidia’s dominance in AI chips is detering investment in would-be rival semiconductor start-ups
Business
Sky News
Electric vehicle leasing group Onto collapses after L&G pulls plug
An electric car leasing company which raised tens of millions of pounds from backers such as Legal & General (L&G) has crashed into administration.Sky News has learnt that Onto Holdings, which secured new capital injections as recently as three months ago, called in Teneo Financial Advisory earlier on Monday. Onto, which had been running a …
Business
Sky News
‘Death knell’: All Wilko stores to close with the loss of 12,500 jobs – union
All 400 branches of collapsed retailer Wilko will close by early October with the “likely” loss of all 12,500 jobs at the chain, according to the GMB.The union said it was informed of the development by administrators PwC on Monday morning. The GMB said it meant it was “likely” that all of Wilko’s staff would …

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