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Sky News
Bank of England governor cautious on prospect of more interest rate cuts
The Bank of England has cut interest rates by a quarter percentage point to 5% but signalled caution on when another might happen.The Bank’s nine-member Monetary Policy Committee (MPC) voted five to four to bring borrowing costs down, bringing to an end the joint-longest plateau for rates since the Bank was granted independence in 1997. …
Business
Evening Standard
Rolls-Royce to resume dividends for first time since pandemic as outlook hiked
Engine maker Rolls-Royce has raised its full-year profit outlook and announced plans to resume shareholder dividend payouts for the first time since the pandemic.The group saw shares surge 10% as it cheered investors with news that it will hand out a dividend at its full-year, having last made such a payout in 2020 just before …
Business
Evening Standard
Swinney urged to act to avert strike by refuse staff during Edinburgh festivals
The leader of Edinburgh City Council has called on First Minister John Swinney to intervene and prevent refuse workers from taking strike action during the Scottish capital’s busy summer festival period.Cammy Day warned the eight-day strike later this month, announced by three local government unions, will be a “tough time” for the council, adding “the …
Business
Euro News
CrowdStrike sued by shareholders over mass IT outage
Business
Evening Standard
Uber expands partnership with GMB union
Delivery giant Uber has expanded its partnership with the GMB union, it has been announced.Uber Eats will partner with the GMB, with couriers across the UK able to be represented by the union.The GMB said the partnership builds on the “landmark” agreement between the union and Uber, signed in 2021.GMB representatives and Uber Eats leaders …
Business
Sky News
Hedge fund tycoon Marshall closes in on deal for The Spectator
Sir Paul Marshall, the hedge fund tycoon and GB News shareholder, is closing in on a deal to buy The Spectator, one of Britain’s most influential political media titles.Sky News has learnt that Sir Paul, the co-founder of Marshall Wace, has emerged as the leading contender to buy The Spectator, which is part of an …
Business
Euro News
Meta: Intelligent use of AI gives earnings boost to Facebook’s owner
Business
Euro News
Arm shares take a tumble on disappointing hints of flat growth ahead
Business
Sky News
Next weathers the storm as it reports better-than-expected sales
Clothing chain Next has reported better-than-expected sales and raised its profits forecast for the year despite the wet start to the summer.The retailer said it had been bracing for a 0.3% fall in full-price sales between the end of May and the end of July – when compared to the same period last year when …
Business
Sky News
Interest rate cut a watershed moment – but the Bank is still paranoid about inflation
It has been a long time coming.After two years during which the Bank of England raised interest rates at nearly every meeting – and another year in which those rates sat at what is, for many households and businesses, a painfully high level – today they have finally been cut. So this is a watershed …
Business
Euro News
Delta CEO says airline facing €461m in costs from global tech outage
Business
Sky News
Which tax rises could Labour introduce in autumn budget?
Tax rises will likely be announced in the autumn budget, chancellor Rachel Reeves has admitted.She said Labour would stick to its election manifesto pledge not to raise national insurance, income tax or VAT. During the election campaign, Labour candidates avoided answering questions on whether other taxes would be increased – and the Conservatives warned that …

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