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Evening Standard
Bank policymaker says higher interest rates needed to ‘purge’ inflation risks
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.A policymaker at the Bank of England has said interest rates need to stay higher for longer in order to “purge” the …
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Sky News
Whitehall on alert as construction group ISG heads for collapse
Thousands of construction industry jobs are at risk as ISG, a construction group that builds prisons and police stations, faces imminent collapse.Sky News has learnt that Whitehall officials are lining up City advisers to work on contingency plans for ISG, which is expected to formally appoint administrators on Friday. EY is on standby to handle …
Business
Evening Standard
Thames Water to start fundraising talks in coming weeks amid cash 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.Thames Water has said it will kick off the process of raising more money from investors over the next few weeks.The struggling …
Business
Evening Standard
Epidemic of long working hours in UK – report
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.Health and safety experts are calling for urgent action to tackle an “epidemic” of long working hours.It follows a study by the …
Business
Sky News
National debt at 100% of GDP for first time since 1960s
The UK’s public sector debt has hit 100% of the value of the country’s annual economic output for the first time since the 1960s, according to official figures released ahead of the chancellor’s maiden budget.The Office for National Statistics (ONS) said, in a preliminary estimate, that the figure had risen from the 99.3% figure recorded …
Business
Sky News
Consumer confidence slumps following warnings of ‘tough choices’ in budget ahead
A long-running measure of consumer confidence has slumped to levels last seen at the start of the year following warnings of “tough choices” ahead in the looming budget.GfK’s Consumer Confidence Index fell seven points in September to minus 20, with significant drops in predictions for personal finances and the general economy over the coming year. …
Business
Evening Standard
Health and beauty spending surges despite cost-of-living pressures
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.Spending on health and beauty products is booming despite cost-of-living pressures as UK consumers increasingly consider make-up and perfume to be as …
Business
Sky News
Sir Alan Bates blames ‘flimflam artists’ for delaying Horizon scandal compensation payouts
Post Office campaigner Sir Alan Bates has blamed government “flimflam artists” for dragging out financial redress for victims.In a newsletter, seen by Sky News, he criticises the GLO (Group Litigation Order) scheme for being a “gravy train” for government lawyers. He adds it is “seemingly to ensure maximum income for the lawyers and minimal settlement …
Business
Sky News
UK interest rates an outlier after decision but inflation rises to continue
There has been no change to the UK interest rate despite the US and European central banks all moving to cut in the last week. The Bank of England has kept the interest rate at 5% as official figures this week showed some measures of price rises grew. It follows the first cut in more …
Business
Business Live
Close Brothers divests asset management division to Oaktree in strategic £200m deal
Close Brothers has agreed to sell its wealth management division for up to £200m in a bid to bolster its capital position amid costs arising from a City watchdog review into unfair car loans. The FTSE 250 merchant bank announced that the sale of Close Brothers Asset Management (CBAM) to funds managed by Oaktree Capital …
Business
Evening Standard
Next in line for £1bn of profits as internet shopping peaks
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.Next boss Simon Wolfson today declared that internet retail shopping has peaked and that the future of the high street is sunny …
Business
Evening Standard
Martin Sorrell’s S4 Capital warns of bigger annual revenue drop
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.Martin Sorrell’s digital advertising agency S4 Capital pointed today to a bigger drop in annual revenue as it reported a half-year operating …

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