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Evening Standard
Examples of how inflation has eased or accelerated 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.The jump in the overall rate of inflation in July to 2.2% has been caused by price rises accelerating across a range …
Business
Evening Standard
Scottish deficit increases by 2% but revenue 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.Scotland’s deficit has increased by more than £4.5 billion in the past year, data shows, reaching more than double the proportion of …
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Sky News
Inflation rate grows for first time in more than six months
The pace at which prices are rising has sped up, according to official figures.The rate of inflation grew to 2.2% in July, up from 2% a month earlier, data from the Office for National Statistics (ONS) showed. It is the first time since December last year that the rate has increased, rather than fallen. This …
Business
Sky News
Green energy start-up Drifts into Octopus Ventures’ grip
A start-up which uses hi-tech sailing vessels to generate clean energy at sea has floated into the grip of Octopus Ventures.Sky News understands that DRIFT Energy will announce this week that it has secured close to £5m of new backing from Octopus Ventures and Blue Action Accelerator. The funding will enable DRIFT Energy to commence …
Business
Business Live
Mining company uncovers eight massive diamonds in just six months despite falling demand
Gem Diamonds, the mining company, has reported a robust start to its financial year after discovering eight diamonds over 100 carats in the first half of 2024. The London-listed firm, which operates mines in Lesotho’s Maluti Mountains, stated that these high-carat finds have boosted its revenue to $77.9m (£60.8m), up from $71.6m (£55.9m) in the …
Business
Evening Standard
Inflation set to rise above 2% in first increase this 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.Inflation is set to rise for the first time in 2024 this week, in new data which highlights the battle facing the …
Business
Evening Standard
Electricity ‘superhighway’ between Scotland and England to go ahead
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.Energy regulator Ofgem has approved a £3.4 billion electricity “superhighway” between Scotland and England in the biggest single investment for electricity transmission …
Business
Euro News
Life in the slow lane? Porsche buys stake in FlixBus and Greyhound
Business
Sky News
Challenger bank Oaknorth hands shareholders maiden dividend
One of Britain’s leading challenger banks has agreed to hand out its inaugural dividend after reporting a bumper profit in its last financial year.Sky News understands that Oaknorth, which is chaired by the former chairman of the City watchdog, Lord Turner, notified investors last week that it would distribute roughly $40m (£31.2m) as a special …
Business
Sky News
Britain’s biggest single grid investment for ‘electricity super highway’ approved
The biggest electricity grid investment in British history has been approved, paving the way for an electricity superhighway, the energy regulator announced. The £3.4bn project will transport energy from Scotland to Yorkshire, helping support offshore wind development and powering two million homes and businesses for an hour, regulator Ofgem said. Money blog: Heinz urged to …
Business
Evening Standard
Business rates system ‘no longer fit for purpose’ says Sainsbury’s boss
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 boss of Sainsbury’s has said the business rates tax system is “no longer fit for purpose” and warned that current planned …
Business
Evening Standard
Grocery price inflation rises for first time since March 2023
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.Grocery price inflation has risen for the first time since March last year, figures show.Supermarket prices were 1.8% higher than a year …

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