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Sky News
Bumper US interest rate cut aims to boost flagging economy
US interest rates have been slashed for the first time in more than four years – by more than many expected – amid fears the world’s largest economy is flagging.The US central bank, the Federal Reserve, brought interest rates down by 0.5 percentage points to 4.75% to 5%. Unlike the UK, the US interest rate …
Business
Sky News
Former TSB boss Pester to chair wealth start-up Firenze
Paul Pester, the former boss of TSB, is to chair a recently launched fintech which offers customers loans secured against their investment pots.Sky News has learnt that Mr Pester, who has backed a string of financial services companies since leaving TSB in 2018, is to become chairman of Firenze, a so-called embedded finance platform. Firenze …
Business
Evening Standard
Tesco ‘could use Clubcard data to nudge customers towards healthier choices’
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Tesco could use shoppers’ Clubcard data to warn them when their baskets are becoming unhealthy, the grocer’s chief executive has said.Ken Murphy …
Business
Evening Standard
Historic food container brand Tupperware files for bankruptcy in US
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Tupperware, the food container company founded 78 years ago, has filed for bankruptcy in the US.The historic brand, reportedly once used by …
Business
Evening Standard
Nick Read to step down as chief executive of Post Office next year
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Post Office boss Nick Read is set to step down from the role next year, the company has said.Mr Read described it …
Business
Business Live
Public consultation on Tata plans for £1.25bn electric arc furnace at Port Talbot
A public consultation exercise ahead of a planning application for Tata Steel’s £1.25bn electric arc furnace investment at Port Talbot has begun. The 3.2 million tonne capacity arc furnace, which will make steel from scrap, is being backed with £500m in funding from the UK Government. The rest is being financed by Tata itself. The …
Business
Evening Standard
Examples of how inflation has accelerated or eased for everyday items
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.While the overall level of inflation in August remained at 2.2%, there was a wide variation in the rate across everyday goods …
Business
Evening Standard
Asda co-owner Mohsin Issa steps back as hunt for CEO continues
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Asda co-owner Mohsin Issa has confirmed he will step down from running the supermarket and will hand over the reins to chairman …
Business
Sky News
Embattled Post Office chief executive Read resigns 
Nick Read is to end his torrid tenure as chief executive of the Post Office as he prepares to give evidence to the inquiry into the Horizon IT scandal.Sky News has learnt that Mr Read, who took over five years ago, has decided to resign from the government-owned company. He initially stepped back temporarily from …
Business
Sky News
What next for interest rates – as central banks try to avoid unnecessary pain
Inflation held steady at 2.2% in August, in line with expectations and confirming that, while prices and interest rates rose like a rocket, they will return to earth like a feather.The latest figures for the Office for National Statistics show goods prices finally falling – minus 0.9% in the year to August – but services …
Business
Sky News
No change in inflation ahead of interest rate decision – but another measure ticks unexpectedly up
There’s been no change in the rate of price rises, official inflation figures showed. The rate of inflation stood at 2.2% in August, the Office for National Statistics said, the same as a month earlier. The announcement comes the day before interest rate setters at the Bank of England decide on the cost of borrowing, …
Business
Sky News
End of ‘longest train drivers’ strike in history’, as new pay deal accepted
Train drivers have voted overwhelmingly to accept a multi-year pay deal, ending a two-year dispute at 16 rail companies. Members of the ASLEF union voted by 96% in favour of the pay rise, which is worth 15% over three years, the organisation said. Politics Live: Minister dismisses concerns over free Taylor Swift ticketsThe offer was …

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