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2h ‘This is a Labour moment’: Keir Starmer sets out vision for Britain
53m Labour MP suspended after calling Kwasi Kwarteng ‘superficially’ black
34m Bank warns of ‘significant’ rate rises as pound slumps again
6h Met chief: I’ll root out the racists and misogynists in our ranks
2h Police hunt 13 after protest erupts into violence at Iranian Embassy
4h Elizabeth Line delivers £20m boost for TfL
Business
Business News
3m

FTSE closes below 7,000 for first time in six months after late drop

The FTSE 100 closed at 6,984.59, a fall of 36 points, and the pound was a little higher than where it started.
Business

Boss of jewellery firm Astrid & Miyu inspired by ‘magical’ shopping

Connie Nam focused on her love of jewellery after a career in investment banking left her “burnt out”

Business News

Bank ‘should hold emergency meeting’ amid the threat of a further pound plunge

Former Bank of England deputy governor Sir Charlie Bean said policymakers may need to raise rates by as much as 1% before its November meeting.
Business News

Just Eat shares soar as firm ups earnings forecast

Shares jumped more than 10% after bosses said it would reach profitability sooner than expected.
UK

What does shorting the pound mean? Labour urges investigation

There have been reports that some hedge-fund bosses made huge profits by betting that the pound would fall

Business

Londoners donate half a million food bank meals via Deliveroo scheme

Deliveroo workers have also been volunteering at food banks

Business

Balfour Beatty wins £4 billion public sector engineering contract

The £4 billion framework includes work across the UK from bridges to roads to schools

UK

Where does the Government borrow money from?

The Government is expected to borrow more than £130 billion

Business News

AG Barr boss hails ‘momentum’ as drinks firm faces continued inflation

Roger White, chief executive of the Scottish drinks firm, told the PA news agency that it has come under pressure from rising CO2 prices.
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Politics

Bank of England urged to prop up pound as banks pull mortgage deals

Although the pound rallied on Tuesday morning some senior Conservatives want the Chancellor to go further to calm financial markets

Business News

Virgin Atlantic boss warns fall in value of pound is ‘hurting consumers’

Shai Weiss, chief executive of the transatlantic airline, urged Prime Minister Liz Truss to take a ‘difficult decision’.
Business News

Card Factory bounces back to profit as high street sales recover

Shares in the high street retailer moved higher in early trading on Tuesday.
Business News

Text service launched to help tradespeople open up about mental health

The scheme has been launched by the Band of Builders charity, and coincides with the return of the Big Brew campaign.
Business News

Saga shares slide after profit warning over rising insurance claims

It downgraded its expectations after facing high levels of claims inflation, currently about 13%, in its underwriting business.
Business News

Waste firm Biffa agrees £1.3 billion US takeover deal

It comes three months after Biffa told shareholders it was likely to accept a higher bid from ECP.
Business News

Domino’s UK hires board director as interim boss

The pizza delivery chain said non-executive director Elias Diaz Sese will take on the role from October 10.
Money

More than a third of people ‘have cut social activities amid high living costs’

Some 13% of people are already behind on bills and 42% have borrowed money to cope with rising costs, according to Christians Against Poverty.
Money

58% jump in scam messages where criminals pose as friends and family, bank finds

The cost-of-living scam may seem particularly plausible at a time when people are struggling with bills.
Money

64% ‘think banks and others should do more to help customers through crisis’

Some 64% of people surveyed said banks and other financial providers are not doing enough to help their customers during the tough current times.
Money

Coins and banknotes featuring the King and Queen Elizabeth II will co-circulate

New banknotes featuring Charles are expected to enter circulation by mid-2024.
Business News

Fresh strike for workers at UK’s largest container port

Around 1,900 members of Unite at Felixstowe will walk out.
Business News

New stamps and banknotes featuring Charles’ image to be introduced sustainably

King Charles III’s image will appear on stamps, coins and banknotes in the future.
Business News

Labour presents alternative to ‘out of control’ Tories after market chaos

Shadow chancellor Rachel Reeves said she would be a ‘responsible chancellor’ in contrast to Kwasi Kwarteng.
Business News

Bank says it will ‘not hesitate’ to intervene over market turmoil

Bank governor Andrew Bailey hinted at a possible rise in interest rates.
Business News

FTSE steady after Friday’s sell-off despite record-low pound

The index hit lows of around 6,939 in the morning but was 2.35 points higher, or 0.03%, at 7,020.95 when European markets closed.
Business News

Next Budget set for spring, Chancellor confirms after drama in money markets

While no firm date has been set, the Treasury said on Monday that it will take place in the spring.
Business News

Bank of England will change rates ‘as much as needed’ to control inflation

The pound crashed on Friday and Monday after the Chancellor’s mini-budget
Business

The pound: how low can it go?

City experts are watching for sterling hitting parity with the dollar amid talk of an emergency rate hike

Business

Global manhunt for crypto boss after stablecoin loses $45 billion

South Korea’s special financial crimes unit began an investigation into Kwon’s Terra after a group of five investors filed criminal complaints

Business News

Matalan put on market as former New Look boss named interim chief

The news came as the group said that chairman John Hargreaves, who founded the company in 1985, would be stepping down from his role.
Business

Apple boss Tim Cook makes first visit to new London Battersea HQ

Tim Cook is expected to stay in London for a number of days ahead of the company moving to its new headquarters early next year

UK

Slump in pound could push up price of pint, says brewery boss

The pound’s slide to a record low was described as ‘worrying’ for the British beer industry

Business News

UK economy to grow slower than previously predicted in 2022, says OECD

The influential economic body also forecast that GDP will stay completely flat in 2023 in the UK.
Business News

British banks to be tested against recessions worse than 2008 financial crisis

The Bank of England will put eight of the UK’s leading banks under a hypothetical scenario to determine how resilient the sector is.
Business News

Pendragon eyes up £400m takeover offer

The bid would see Swedish motor company Hedin Group buyout the entirety of Pendragon’s share capital at 29 pence per share.
Business News

Run on the pound sparks speculation over emergency interest rate hike

Pressure is mounting on Bank of England governor Andrew Bailey to step in and steady the pound after it hit an all-time low against the US dollar.
Business News

EasyJet to invest in new planes and optimise descents to reach net zero

EasyJet has unveiled a plan to reach net zero carbon emissions by 2050.
Business

Podcast: Lily’s Kitchen CEO, Nick Magalini

Growing Lily’s Kitchen into a global pet food brand

Business

Calls on Bank of England for emergency rate rises as bond yields jump

Pound falls to lows not seen in a generation as confidence in UK governments tax plans plummets on global markets