Economic news and events


LONDON BRIEFING: Co-op exits petrol station business with sale to Asda

Co-op on Wednesday said it has agreed to sell its petrol forecourt business to food retailing peer Asda for an enterprise value of £600 million....

Wed, 31/08/2022 - 08:06


Food prices rise at fastest rate since 2008, retail group figures show

The price of food rose at its fastest rate since 2008 in August as pressure from the war in Ukraine continued to push up costs,...

Wed, 31/08/2022 - 05:43


UK pub chains urge government to act as energy prices hike

Pubs in the UK could be forced to close because of massive increases in energy prices, leading industry figures said on Tuesday as they urged...

Tue, 30/08/2022 - 16:40


TOP NEWS SUMMARY: China sends millions into new Covid-19 lockdown

The following is a summary of top news stories Tuesday.

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COMPANIES

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Toyota Motor reported a 6.2% decrease year-on-year in total sales for July...

Tue, 30/08/2022 - 10:54


UK mortgage approvals nudge up in July despite higher interest rates

- UK mortgage approvals edged up in July, but remained below the pre-pandemic average, data from the Bank of England showed on Tuesday.

Approvals...

Tue, 30/08/2022 - 10:21


LONDON BRIEFING: Bunzl raises guidance as gets inflation boost

London-based distribution firm Bunzl on Tuesday upped its margin guidance after strong first-half trading.

Revenue for the first half of 2022 rose 16% to £5.65...

Tue, 30/08/2022 - 08:25


Truss delays finalising cost-of-living support plans until becoming PM

Liz Truss's camp says she will not finalise her plans for crucial cost-of-living support before receiving the ‘full support and advice’ only available to the...

Tue, 30/08/2022 - 05:57


UK Chancellor visits US to push for co-operation on cost-of-living

UK Chancellor Nadhim Zahawi is travelling to the US this week to seek joint solutions to the cost-of-living crisis with top bankers and US government...

Tue, 30/08/2022 - 05:50


UK's Liz Truss pulls out of interview with BBC's Nick Robinson

Liz Truss has pulled out of an interview with veteran political journalist Nick Robinson which was due to air on Tuesday.

The Tory leadership frontrunner's...

Mon, 29/08/2022 - 21:08


TOP NEWS SUMMARY: Powell's remarks spark sell-off across Asia, Europe

The following is a summary of top news stories Monday.

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COMPANIES

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US retail giant Walmart announced a potential offer to acquire remaining stake...

Mon, 29/08/2022 - 11:21


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