Finance

About 1,500 jobs at risk as shipbuilder waits on reported £200m state deal in early test for Labour industrial policy

In the first King’s Speech since the General Election, Labour will announce a specific offence of assaulting retail workers and close a Tory loophole downgrading shoplifting

This week alone Barclays, Halifax, First Direct, Nationwide and Virgin Money have all announced changes to their home deals while last week HSBC, Yorkshire Building Society, and Santander also lowered mortgage rates

The move does not mean Carpetright has fallen into administration, filing a notice of intent to appoint an administrator is a move retailers can make to prevent the company from going bust

Deal for undisclosed sum secures Bristol-based company’s future after ‘material uncertainty’ in 2023

A third party system which supports card payments for Visa and Mastercard went down this morning leaving shoppers across the country unable to use their debit card to pay or withdraw cash

Flights to Berlin are fully booked and Tesco thinks it will shift 1m pizzas in massive boost to the economy

End to Redstone family’s involvement in media group, which also owns CBS, Nickelodeon and the UK’s Channel 5

More than 3,000 staff could get right to bargain collectively for rights and pay for the first time

New business secretary Jonathan Reynolds confirms that negotiations with owner Tata Steel are continuing

There are just 300 electric HGVs in the 500,000-strong lorry fleet – and only one public charging point, says RHA.

Business community decries ‘act of arson’ as one-sixth of trade posts within British consulates in the US are scrapped

Ofwat to investigate circumstances around payment of dividend to intermediate parent company

The economy grew by more than initially estimated in the first three months of 2024 as the UK emerged from recession, revised official figures show.

Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year

Branches across three of the bank’s brands will be closing

A French court has rejected a Cameroonian businessman’s attempt to set aside an ICC award in favour of a Spanish food group based on allegations it terminated their partnership to benefit from corrupt links with Nigerian officials.

Proposal could net up to $250bn a year in extra revenue, says report commissioned by Brazil for G20

Here’s what it means for you

British trading platform CMC Markets (CMCX.L), opens new tab on Thursday forecast higher operating income in 2025 after a 52% jump in annual profit aided by strong retail and institutional trading and tight cost control measures, boosting shares to a near-two-year high.

The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% at its last meeting before July 4’s UK election, but the prospect of a future rate cut moved closer as some policymakers said their thinking was now "finely balanced".

Politicians shut down the Stormont Assembly for two years. Among the casualties: Northern Ireland’s hopes of greening its economy.