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Evening Standard
Hopes of rate cut in US boost markets as FTSE 100 rises
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.The FTSE 100 rose on Friday after US Federal Reserve chairman Jerome Powell signalled that he will cut interest rates at the …
Business
Evening Standard
Bank of England to chart ‘steady’ course on future rate cuts, says Bailey
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.Bank of England governor Andrew Bailey is set to signal more caution on potential future rate cuts at a speech on Friday, …
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Sky News
What is the energy price cap?
The energy price cap will rise in October to an annual average of £1,717.Industry regulator Ofgem said the 10% rise was largely due to higher wholesale gas prices and urged bill-payers to “shop around” for fixed-rate deals. Money latest:Warning £2,500 will be added to stamp duty ‘overnight’But the latest increase – which means households paying …
Business
Sky News
Pound at highest level versus dollar since early 2022
The pound has hit its highest level against the US dollar since March 2022 after the chair of the Federal Reserve declared that “the time has come” for an interest rate cut.Jay Powell’s remarks to the US central bank’s annual economic conference at Jackson Hole, Wyoming, did not specify when rate cuts would begin or …
Business
Sky News
Lynch family ‘devastated’ and being ‘comforted by friends’ after deadly superyacht sinking
The Lynch family have said they are “devastated” and “in shock” but are being “comforted and supported by family and friends” after the Bayesian superyacht tragedy.British tech tycoon Mike Lynch, 59, was confirmed dead by local authorities on Thursday after the Bayesian superyacht he was holidaying on sunk in the early hours of Monday. Family …
Business
Sky News
London universities draw up plans for £500m spinouts fund
Some of London’s leading universities are plotting to create a £500m fund to back start-ups created by their academics, even as the wider higher education sector confronts a growing financial crisis.Sky News has learnt that University College London (UCL), Kings College London and Queen Mary University are in talks to establish a jointly owned vehicle …
Business
Business Live
Sherwoods Motor Group toasts second ever highest profits despite headwinds
Directors at North East automotive retailer Sherwoods Motor Group are toasting the firm’s second highest profit level despite battling a number of headwinds. The Washington company, which has dealerships across Tyneside, Wearside and County Durham, has published accounts for 2023 showing rising turnover from £91.5m to £96.4m, while operating profit rose from £1.1m to £1.5m. …
Business
Evening Standard
Households cut food shop by 7.5% last year amid cost-of-living crisis
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.Households in the UK cut their real-terms spending on food and non-alcoholic drinks in the year to March 2023, the Office for …
Business
Evening Standard
Hiscox appoints new interim chair after death of Jonathan Bloomer
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.Hiscox has appointed a new interim chair, after the death of its former chair Jonathan Bloomer was confirmed yesterday.Colin Keogh, a senior …
Business
Evening Standard
Household energy bills to rise for winter as Ofgem lifts price cap
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.The average household energy bill is to increase by £149 from October after Ofgem said it was increasing its price cap as …
Business
Euro News
Beach Wars: Are EU and Italy close to resolving beach concession feud?
Business
Sky News
Energy price cap to rise in October amid winter fuel payment row
The energy price cap will rise to an average annual £1,717 from October, the industry regulator has confirmed as the clock ticks down to the loss of winter fuel payments for millions of pensioners.The new figure represents a 10% a year – or £12 per month – leap in the typical sum households face paying …

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