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Evening Standard
FTSE 100 Live: Pound tanks after Kwarteng meets with OBR
The pound fell 1.5% against the dollar to $1.10 after Liz Truss and Kwasi Kwarteng met with the head of the UK’s Budget watchdog, Richard Hughes. The Downing Street meeting followed a week of market turmoil set off by the government’s redrawn tax and spending plans. The government did not accept an offer from the …
Business
Sky News
September financial curse strikes again – and beware of October economic horrors
September has a deserved reputation for being a troublesome month in financial markets.It was, for example, the month in which Black Wednesday saw sterling ejected ignominiously from the Exchange Rate Mechanism in 1992 and the month in which Northern Rock collapsed in 2007. By then, the global financial crisis was well under way, an unfolding …
Business
Business Live
Matalan, Vita Group and BGF: The 52 latest North West hires and promotions
North West companies large and small have made a range of top hires and promotions over the last week. The likes of online retail giants, law firms and consultancies have all made announcements recently. Below, BusinessLive rounds up the latest hires and promotions we feel you should not miss. READ MORE: Click here to sign …
Business
Sky News
‘Sudden leap’ in mortgage approvals as buyers fear interest rate hikes
Mortgage approvals have surged as home-buyers race to lock in loans ahead of further interest rate hikes, latest figures indicate.The increase comes amid warnings of mounting “headwinds” facing the already slowing housing market in the face of rising inflation and the economic turmoil triggered by the chancellor’s mini-budget. Kwasi Kwarteng’s borrowing-funded tax cut plans have …
Business
Sky News
When are the 21 days of Royal Mail strikes and what’s affected?
Royal Mail workers are striking on multiple days across the next few months, with people warned to expect delays to their parcels and letters.Around 115,000 staff are walking out over pay and conditions in what the Communication Workers’ Union (CWU) says is the biggest national strike of any sector this year. Twenty-one days will be …
Business
Business Live
How the women’s Euros changed everything for business owner Helen Hardy
Helen Hardy says her business selling women’s football shirts and merchandise is a ‘genius idea’. You’d be forgiven for mistaking this declaration from the 32-year old businesswoman as bravado, overconfidence, even. But that’s not it. Most of us were on the backfoot until the Euro success of England’s Lionesses. Their performance brought the power of …
Business
Business Live
Three Northern Ireland companies named as new entrants on best managed list
A mineral processor, a building façade manufacturer, and a waste management company – all from Northern Ireland – have been named as new entrants in a list of the best managed companies on the island of Ireland. The 14 th annual Best Managed Companies Awards, led by Deloitte in association with Bank of Ireland, saw …
Business
Business Live
285,000 sq ft logistics site emerges in South Yorkshire
Construction is well underway on a £60 million state-of-the-art industrial and warehousing unit development covering 285,000 sq ft in South Yorkshire. The huge steelwork frames have now been erected at Catalyst at Sheffield Business Park with practical completion set for March 2023. Sitting just off the M1 and fronting directly onto Sheffield Parkway, the main …
Business
Sky News
Lidl told to melt ‘copycat’ chocolate bunnies
Lidl has been ordered to destroy its chocolate bunnies after it lost a court battle with Lindt.The Swiss firm had argued its gold-wrapped Easter rabbit deserved copyright protection from a similar product sold by the budget supermarket. Switzerland’s highest court agreed and overturned a ruling last year by the country’s commercial court that had sided …
Business
Business Live
Humber climate summit aims to break down business barriers to Net Zero
Businesses, public sector organisations, academic institutions and community groups will be asked to identify support needed to reach Net Zero at the Humber’s flagship climate event. The Waterline Summit takes place next month, at a time when the need to act has never been more evident. The Met Office has recorded the hottest July in …
Business
Business Live
The huge fallout from the mini-Budget has quelled its positive growth measures
A week is clearly a long time in politics. Last Friday, we saw the biggest tax cutting event in half a century followed by seven days during which the pound dropped to its lowest level ever against the dollar, the IMF criticised UK Government policy, the Bank of England made emergency interventions, and a potential …
Business
Evening Standard
FTSE 100 Live: Pressure eases on London stocks, pension providers make gains
London’s main stock ticked higher on Friday, while Liz Truss and Kwasi Kwarteng were preparing to talk with the head of the UK’s Budget watchdog, Richard Hughes. The Downing Street meeting will follow after a week of market turmoil followed the government’s redrawn tax and spending plans and comes as senior figures seek to reassure …

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