News

Some eight million British workers don't have any emergency savings

Today

An estimated 8.2 million people have no financial buffer to fall back on in the event of a shock, according to the data from the City of London Corporation.

Warsh heralds a new era: New Fed boss cuts the guff and proves he's no Trump lackey, says ALEX BRUMMER

Today

The first interest rate setting meeting for new US Federal Reserve chairman Kevin Warsh, pictured, was always going to be an arresting event.

Bank of England HOLDS rates at 3.75 per cent - as steady inflation slashes chances of a hike later this year

Today

The Bank of England held interest rates at 3.75 per cent today despite other central banks raising rates following the inflation shock caused by the Iran war.

Bank of England holds interest rates at 3.75%: What it means for your mortgage and savings

Today

While rates were previously expected to fall this year, worries about an inflation spike caused by the conflict in Iran have led the Bank to behave cautiously.

NatWest boss Paul Thwaite becomes latest bank chief to admit that some jobs in the industry will be taken by AI

Today

NatWest boss Paul Thwaite has become the latest banking chief to admit that artificial intelligence (AI) will take over some jobs in the sector.

Marks Electrical ordered to refund 40,000 customers following probe by competition watchdog

Today

Marks Electrical is managing the refunds and affected consumers will receive a letter or email. Some refunds have already been paid.

Why the new Porsche Taycan fakes gear changes to make EVs more exciting

Today

A sweet gear shift is an element on many car fans' wishlists, which is a problem for electric cars. Now Porsche has added clever technology to spice things up.

Britain for sale: Intertek agrees £10.7bn takeover by Swedish firm EQT

Today

Intertek now becomes the latest British firm to fall into foreign hands, amid a takeover frenzy that has seen predators scouring the London stock market for firms they can snap up cheaply.

Economic case for an EV is getting stronger - but only for those who can charge at home

Today

The AA president said that while higher fuel prices had made more drivers consider going electric, 'Not every driver is ready to switch tomorrow.'

IG is paying up to £3,000 in free shares when you open an account - but there's a big catch

Today

The latest deal from IG offers an eye-catching amount in free shares, but as ever the devil is in the detail. Find out how the deal stacks up.

Premier Inn 'outperforming' wider hotels market as job cuts loom

Today

In Premier Inn UK, total accommodation sales rose 3% on a year ago in the 13 weeks to 28 May. Total revenue per room edged up 2%.

Tesco sales slow amid 'ongoing uncertainty' caused by Iran war

Today

Tesco reported a slowdown in sales in the first quarter as households cut back on spending in the face of 'ongoing uncertainty'.

Impax Environmental Trust hits out at FCA for allowing Saba takeover

Today

Impax Environmental Markets has been been seized by its largest shareholder Saba Capital, run by infamous fund manager Boaz Weinstein.

Tax hikes and uncertainty make life in Britain less appealing to the wealthy

Today

The migration consultancy Henley & Partners said tax reforms, fiscal uncertainty and policy changes were prompting wealthy families in Britain to 'reassess their options'.

Price gap between flats and houses hits 30 year high as buyers swerve leasehold properties

Today

The gulf between the cost of a flat and a house has reached its highest level for 30 years, with buyer concerns over leasehold properties largely to blame.

'Regime change' on hold as new Federal Reserve boss Kevin Walsh takes the reins

Today

The US Federal Reserve yesterday left interest rates on hold in its first meeting under new boss Kevin Warsh - after he was installed by Donald Trump.

Someone with same name as me ran up £4,763 EDF energy debt - now it says I have to pay the bill: CRANE ON THE CASE

Today

EDF and debt collector LCS say I must pay the bill for a flat in London - but I live in the North East and have never been an EDF customer.

Inflation fears recede in boost for borrowers: Bank of England set to keep interest rates on hold

Yesterday

The Office for National Statistics said consumer prices index inflation remained unchanged at 2.8% in May. Forecasters had expected it to climb to 3%.

SpaceX's rocket-fuelled float runs out of steam as shares crash back down to earth after record run

Yesterday

Shares fell by as much as 7% during volatile trading - after they had been up by 6% earlier in the session. They eventually closed almost 5% lower.

Cadbury-owner Mondelez defends decision to continue trading in Russia

Yesterday

Mondelez, led by Dirk Van de Put, pictured, has come under criticism for not following other western firms in exiting Russia after Putin's invasion in 2022..

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