News

Bond yields rise as Bank dents hopes of rate cuts - and analyst says next move may even be UP

Today

With inflation in the UK the highest in the G7 and nearly twice the 2% target, the central bank, led by Andrew Bailey (pictured), held rates at 4%.

Energy giant Octopus to spin off £11bn technology arm Kraken ask it seeks to speed up its global expansion

Today

It comes amid reports Kraken could seek a stock market listing in London or New York, in the next year. The business could be valued at as much as £11bn.

Former Institute of Directors boss banned from directorships for 11 years over Covid loan fraud

Today

The Insolvency Service has barred Anna Daroy, 61, after she secured two £50,000 "Bounce Back" loans for a management consultancy in 2020

The Bank of England is stuck in the slow lane - but now is the time for bold decisions, says ALEX BRUMMER

Today

The most fascinating takeaway from the decision to hold the bank rate at 4%, is the demand from dissenters for lower rates to support growth and jobs.

Nationwide cuts mortgage rates despite Bank of England's decision to hold

Today

Mortgage rates are heading lower after Britain's biggest building society announced it will be cutting rates.

REVEALED: This is where property asking prices have DROPPED in the last year

Today

Properties in the south have seen asking prices tumble by thousands of pounds over the past year to the dismay of homeowners, property portal Rightmove says.

Savers stick extra £28bn into cash Isas compared to a year earlier - and that's before rumours of a limit cut by Rachel Reeves

Today

An extra £28bn flowed into cash Isas in 2023/24 compared to the year before - a 67% rise year-on-year - taking the amount of money kept in cash Isas to £70bn.

Bank of England slows £558bn debt-sell off scheme after spike in long-term gilt yields

Today

Rachel Reeves was handed a boost ahead of her November Budget on Thursday after the Bank of England opted to slow the rate of its £558billion debt sell-off scheme.

M&S cashes in as demand for suits bounces back and it aims for younger customers

Today

As big firms from HSBC to John Lewis demand staff head back to the office, jogging bottoms are out and the suit is back.

Nissan's to downsize London Design Centre and close international sites to save cash

Today

Nissan's is downsizing its London design studio, and shutting two international design centres as part of its ongoing cost-saving plan. It follows 20,000 job cuts and seven factory closures.

Last chance to grab £200 cashback when opening a pension with Interactive Investor

Today

There are a dearth of cashback deals currently available, so Interactive Investor's offer is worth considering if you'd like to give your pot a boost. The deal is set to close at the end of the month.

Britain's top town centres REVEALED: Is your local high street thriving?

Today

New data shows where shoppers are lapping up what's on offer, as well as areas rapidly sliding down the rankings.

Pension savers 'at risk of costly mistakes'

Today

Ms Reeves is facing a £50billion cavity in the public finances - more than double last year's £22billion blackhole. She is planning a raft of tax hikes this autumn to shore up the public purse.

Pension savers 'at risk of costly mistakes unless Rachel Reeves rules out lump sum cut'

Today

Ms Reeves is facing a £50billion cavity in the public finances - more than double last year's £22billion blackhole. She is planning a raft of tax hikes this autumn to shore up the public purse.

Report: How much first-time homeowners spend on rent before buying

Today

The amount doled out by first-time buyers to landlords today is enough to put down a 60% deposit on the average home.

This is how much first-time home owners spend on rent before buying - it's risen £46,621 in a decade

Today

The amount doled out by first-time buyers to landlords today is enough to put down a 60% deposit on the average home.

Next boss warns Britain faces another year of 'anaemic' growth

Today

The chief executive of Next has warned Britain faces another year of 'anaemic' economic growth and falling employment.

Next boss warns Britain faces a year of 'anaemic' economic growth thanks to 'rising tax burden'

Today

The chief executive of Next has warned Britain faces another year of 'anaemic' economic growth and falling employment.

Domino's UK replaces finance chief as it struggles to reverse decline

Today

The pizza chain has seen its value fall by a third since the start of the year amid weaker consumer demand and higher costs.

Domino's UK replaces finance chief as it struggles to reverse decline

Today

The pizza chain has seen its value fall by a third since the start of the year amid weaker consumer demand and higher costs.

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