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Sky News
Why the Bank of England’s governor will be closely watching South Korea, Australia, and New Zealand
The rush around the world to raise interest rates shows no signs of abating as central banks scramble to get inflation back under control.July has already seen interest rate rises in Israel, Poland, Pakistan, Peru, Uruguay and Serbia, among others, and overnight there were two more major moves in the Asia Pacific region. The Bank …
Business
Sky News
More than eight million households get £326 in their account from today to help with cost of living
More than eight million households will start receiving the first of two payments intended to help with the cost of living from today. Almost one in four low-income households in England, Wales, Scotland and Northern Ireland will get £326, with the second instalment of £324 sent this autumn as part of the government’s £37bn support …
Business
Sky News
US inflation reached 9.1% in June – a 40-year high
The rising cost of fuel, food and rent pushed US inflation to a 40-year high of 9.1% in June, according to the latest figures. Advertisement
Business
Sky News
Euro drops below parity with dollar after US inflation hits 9.1%
The euro has dropped below parity against the dollar the first time in almost two decades after news that US inflation reached 9.1% in June.The figures will place further pressure on the Federal Reserve to hike interest rates by 75 basis points later this month, as raising interest rates is one of the tools used …
Business
Sky News
Annual Mansion House dinner thrown into flux by Tory leadership battle
The Mansion House dinner, one of the City of London’s most important annual events, has been thrown into flux by the Conservative Party leadership contest as civil servants deliberate over whether the new chancellor, Nadhim Zahawi, should be permitted to speak at it.Sky News has learnt that Tom Scholar, the Treasury’s permanent secretary, is in …
Business
Evening Standard
Race for talent sees Page post record month
A race for talent in the City and the wider business world is leading to booming profits at recruitment house PageGroup, which enjoyed a record June.Employers large and small are fighting to grab staff as the available workforce falls in size post-Covid. Many formerly working people have chosen to retire or rethink their lives.Profit in …
Business
Sky News
What’s pushing up house prices? And is your area one of the worst affected by the housing crisis? Find out with our map
House building has not kept up with population growth in almost half of the local authorities in England, Sky News analysis has found.In the decade to 2021, the population grew faster or at the same pace as the number of homes in 150 out of 309 local authorities, according to our analysis of data from …
Business
Business Live
Banks Property seals land deals with housebuilders Miller Homes and Barratt Homes
A major housing development in Durham has moved forward after developer Banks Property struck land deals with two housebuilders. The County Durham company, part of the family run Banks Group, secured outline planning permission from Durham County Council for the Bent House Lane development last year and has since been working towards seeking out the …
Business
Business Live
VPI gets behind new Irish power plant after rapid expansion in UK from Humber start-up
Humber Bank-based power giant VPI has partnered with an Irish generation company to build a new 275MW plant in County Westmeath. A joint venture has been agreed with Lumcloon Energy Ltd for a consented open cycle gas turbine power plant. It will play a role in supporting peak demand, acting as a back-up for renewable …
Business
Evening Standard
UHY Hacker Young sanctioned by FRC over Laura Ashley audits
London-based chartered accountant UHY Hacker Young has been sanctioned by the Financial Reporting Council (FRC) over its handling of auditing for high street furnishings and clothing retailer Laura Ashley.The issues related to the financial years 2018 and 2019 before the company filed for administration in March 2020.The FRC said that UHY had not “challenged” the …
Business
Evening Standard
Twitter sues Elon Musk to force through takeover
Twitter is suing billionaire Elon Musk over his abandoned $44 million takeover of the company in a bid to force him to close the deal.The social media giant has filed a 62-pegal lawsuit at a Delaware court after hiring hotshot New York law firm Wachtell, Lipton, Rosen & Katz to hold him to the original …
Business
Business Live
IT firm co-owned by former star of The Apprentice sold
An IT firm co-owned by a former star of The Apprentice has been sold. Manchester-based Everything Tech has been acquired by Managed IT Services Group (MITSG) for an undisclosed sum. Everything Tech was co-owned by Ruth Hall who as Ruth Badger finished second in The Apprentice in 2006. READ MORE: How a runner-up on The …

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