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Evening Standard
The future for the City — two scenarios
In the longer run the City of London and the people who work in it will thrive – they always do.Brexit doesn’t seem to have done it (m)any favours but perhaps that’s secondary to wider global malaise – war and inflation.In the short term the Square Mile is rocky. There are (at least) two ways …
Business
Sky News
Chancellor sees ‘challenging times ahead’ amid record disposable income squeeze
Chancellor Rishi Sunak has admitted there are “challenging times ahead of us”, hours after official figures charted the longest period for falling disposable income because of soaring inflation.Data from the Office for National Statistics (ONS) covering the first three months of the year revealed that real disposable income had fallen for four quarters in a …
Business
Sky News
‘Surprising amount of momentum’ for housing market as prices hit new record
A closely-watched measure of the UK housing market has reported a “surprising amount of momentum” despite the mounting cost of living crisis, with prices hitting a new record.The Nationwide study covering June showed the annual rate of house price growth easing back for the third month in a row, to 10.7% from 11.2% in May. …
Business
Sky News
De La Rue chief has licence to print his money, top investor says
The chief executive of De La Rue, the banknote printer, has come under fire from a leading shareholder after taking a £265,000 bonus last year despite a sharp fall in its share price.Speaking to Sky News, Richard Bernstein, chief investment officer of the fund manager Crystal Amber, said Clive Vacher’s pay was inappropriate for the …
Business
Sky News
Some Heinz baked beans and ketchup products unavailable in Tesco stores after price dispute
Britain’s biggest supermarket group Tesco says some Kraft Heinz products are not available in its stores due to a dispute over pricing.The US food manufacturer has paused supply and some of its items are already out of stock, according to the Grocer magazine, which first reported the issue. Baked beans, ketchup, and tomato soup are …
Business
Evening Standard
Time to cut the green rubbish…and deliver a proper energy policy
Groupthink says Russia’s invasion of Ukraine shows we rely too much on fossil fuels. This is only partially right. A more accurate assessment would be that while still relying on fossil fuels, Western policymakers have failed for years to acknowledge the reality of energy transition: we still need them. Egged on by lobbyists and ‘the science’, …
Business
Euro News
Russia approves tax break on crypto and digital assets to soften blow of Ukraine sanctions
Business
Sky News
US reports drop in GDP after consumer spending fails to reach expected levels
The US has reported its first drop in economic output since the second quarter of 2020.The US economy shrank at 1.6% annual pace in the first three months of the year, according to the latest figures from the country’s commerce department. It follows a strong 6.9% expansion in the last financial quarter of 2021.The commerce …
Business
Sky News
Will I get £400 energy rebate if bills are included in my rent?
Tenants fear they could miss out on a £400 energy discount after Chancellor Rishi Sunak announced a rebate for homes.In May, Mr Sunak said he was doubling his planned energy bills rebate for Britons amid the cost of living crisis and offering a discount to homes that have a electricity supply contract. But how do …
Business
Sky News
Morrisons sees fall in sales amid ‘very fragile and difficult consumer environment’
Morrisons has warned of a “very fragile and difficult consumer environment” as it reported a fall in sales over the past three months.The supermarket group said like-for-like sales, excluding fuel and VAT, fell 6.4% in the 13 weeks to 1 May, blaming inflation and “increasingly subdued consumer confidence”. Total revenues for the company were up …
Business
Evening Standard
Fuel retailers are riding for a fall by raising prices
You would think fuel retailers would be showing restraint ahead of the Competition and Markets Authority’s “swift high-level” review of the sector due to be published next Thursday.But far from it.The price of a barrel of Brent Crude dropped $10 last week on fears of global recession and is still below the $120 levels it …
Business
Business Live
300 new jobs created at Nissan’s North East plant ahead of production of new electric vehicles
NIssan’s is recruiting for 300 new roles at its North East plant as it accelerates plans for its electric vehicle revolution. The Sunderland plant is currently making preparation for the production of two new eco-friendly versions of its popular crossover vehicles – the Juke and the new electrified version of the Qashqai. In moves to …

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