Economic news and events

LONDON BRIEFING: Lloyds beats expectations and raises 2022 guidance

Lloyds Banking on Wednesday raised its annual guidance against a beneficial backdrop of rising UK interest rates.

For the six months to June 30, net...

Wed, 27/07/2022 - 08:34

Sunak accused of U-turn after pledge to cut VAT on energy bills

Rishi Sunak has been accused of making a U-turn on tax after pledging to cut VAT on energy bills if he becomes prime minister.

On...

Wed, 27/07/2022 - 05:52

New UK consumer duty to cause 'major shift in financial services'

UK financial services firms will have a new duty to put their customers' needs at the heart of what they do, under plans being set...

Wed, 27/07/2022 - 05:44

TOP NEWS: UK shop prices up at record pace amid rampant food inflation

UK shop price inflation hit a record high in July, figures from the British Retail Consortium showed on Wednesday, with rampant food prices leading the...

Wed, 27/07/2022 - 05:02

UK Tory leadership debate halted after moderator faints

The latest televised debate between the two Conservative contenders vying to be Britain's next prime minister was abruptly halted Tuesday evening after the moderator fainted...

Tue, 26/07/2022 - 19:35

TOP NEWS SUMMARY: EU agrees emergency gas plan as Russia chokes supply

The following is a summary of top news stories Tuesday.

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COMPANIES

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UBS reported growth in second-quarter net profit, despite total revenue for the...

Tue, 26/07/2022 - 10:48

Truss and Sunak to clash again in second head-to-head debate

Liz Truss and Rishi Sunak will clash on TV for a second time in 24 hours after the first head-to-head debate saw the two contenders...

Tue, 26/07/2022 - 10:29

LONDON BRIEFING: Unilever raises prices as sales volumes decline

Consumer goods firm Unilever on Tuesday said it delivered a first half performance that built on the momentum of 2021, despite challenges posed by high...

Tue, 26/07/2022 - 08:28

Tory leadership hopefuls trash economic plans in first TV showdown

Rishi Sunak and Liz Truss have trashed each other's economic plans as the blue-on-blue attacks continued during their first head-to-head TV showdown.

Former chancellor Sunak...

Mon, 25/07/2022 - 22:05

Tory peer claims Boris Johnson wants to carry on as UK prime minister

Boris Johnson ‘does not want to resign’ and ‘wished that he could carry on’ as UK prime minister, according to a Conservative peer.

Peter Cruddas,...

Mon, 25/07/2022 - 19:56

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