LATEST BUSINESS NEWS

Models of men and women on a pile of coins and banknotes

58% of over-55s ‘want to see benefits of legacies in their lifetimes’

A shopper looks at salad vegetables in a branch of Waitrose in south London

Shoppers face £454 jump in annual grocery bills as food inflation soars

A US Air Force MQ-9 Reaper unmanned aerial vehicle over Afghanistan

New weapons hub in Scotland to develop anti-drone lasers

School children

Six weeks of holiday childcare costs nearly £890 on average, report finds

Pound coins and banknotes

Nearly £25bn of consumer spending could be ‘lost’ this financial year – report

Gym equipment

Young adults ‘twice as likely to prioritise gym as savings in a typical week’

shoppers shopping in the freezer aisles of ASDA supermarket in the UK

Cutting taxes ‘would be a mistake’, senior IMF official warns

Airport stock image

Luton Airport and RAF Brize Norton runways close in UK heatwave

The City of London

London stocks rise again as rate rise fears calm

Grant Thornton

Grant Thornton fined £1.3m over Sports Direct audit failings

LV= boss standing down

LV= boss quitting seven months after failed sale to private equity firm

A train passes through heat haze

Surge in home working as heatwave causes severe transport disruption

Conor Murphy 18.07.22

Inflation reduces Stormont spending powers by £375m, Murphy warns

Shops stock

H&M to wind down Russian business over Ukraine invasion

Haleon sign

GSK consumer spin-off Haleon floats in biggest London listing in a decade

A parcel being delivered

Parcel firms must ‘substantially’ improve complaints handling, warns watchdog

Energy pricing

Government launches electricity market review after prices soar for households

Bank of England

Interest rates could hit 2% or higher in the next year, says Bank policymaker