Finance
777
Barclays’ coal credits reveal ’big hole’ in its climate policy
Barclays helped raise nearly $2bn for companies running highly polluting coal-fired power plants in the US, exposing an “enormous loophole” in its climate policy.
998
Fears of US recession send stock markets tumbling
Concerns have been raised after the world’s largest economy reported much lower-than-expected job creation in July.
989
Wood Group suitor pulls out of takeover, blaming market turmoil
Shares in FTSE 250 company slump 37% in early trading after Dubai-based Sidara cites geopolitical risk
799
UK carmakers warn they may miss government targets on EV sales
Industry downgrades forecast for sales of battery vehicles after 18.8% rise in July on a year earlier
979
Major mobile and broadband firm reveals exact amount your bills will increase next April
A major mobile and broadband network has revealed the exact amount your bills will rise by next April.
1005
Full list of banks that have cut mortgages after Bank of England interest rates update
The Bank of England finally cut its base rate from 5.25% to 5% - the first time there has been a reduction since March 2020 and this is good news for those with a variable mortgage
997
Santander customer bemused as bank suggests using branch in another country
He would have to drive for almost two hours to get to the branch
876
Rolls-Royce to distribute £700 in shares to all staff as it makes a recovery
Aircraft engine maker’s share price hits record high as it restores dividend for first time in five years
1015
’Grimy’ house listed for £1 sells for higher price after buyers see hidden potential
A rundown pair of flats which were listed at auction with a starting price of just £1 have sold for a mega six-figure fee after buyers spotted a hidden potential
853
Bank of England braced for knife-edge interest rate decision
Markets predict quarter-point cut to 5% when policymakers meet on Thursday
739
Two City firms collaborate to invest £20bn of pension funds in UK businesses
Phoenix Group and Schroders will target fast-growing green energy, windfarms, solar, property and small business
800
Now every customer in the UK can detect counterfeit stamps
New tool is inside firm’s app and comes after row over £5 fines being levied on mail with allegedly fake stamps
983
Europe’s €10 trillion gamble
From Athens to Berlin, governments are coalescing around an idea to turbocharge the economy. If successful, it could be transformative ― but it’s a big if.
812
Charity shop chain closes changing rooms to deter callous shoplifters
Guild Care, a charity based in Sussex, has closed all but two of its changing rooms due to the increase in shoplifting in the UK. Levels of the crime are at a new 20-year high
714
Germany is the only country in the Eurozone that struggles with recession
Germany’s economy is back on the brink of recession. However, the Eurozone economy grew more than expected in the second quarter.
995
McDonald’s sales fall for first time since 2020, as higher prices deter consumers
McDonald’s global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped eating out or chose cheaper options.
873
Reuters: Amazon under second investigation in Milan for tax evasion
An Italian unit of Amazon, is being investigated by Milan prosecutors for suspected tax evasion, two sources said on Friday, but the inquiry was not linked to a multi-million euro seizure from another of the group’s Italian units this week.
954
Seven banks share data with UK law enforcement in a crackdown on ’dirty money’
Barclays (BARC.L),NatWest and Lloyds are among seven banks to share customer data with the National Crime Agency (NCA) in the largest project of its kind worldwide to tackle criminal gangs, money laundering and "dirty money" flowing through the country.
787
Anglo American incurs additional £1.2bn writedown on Yorkshire fertiliser mine
Production at Woodsmith site near Whitby set back to 2030 as firm plans to pause work during overhaul
1109
Thames Water violates licence as part of its debt is downgraded to junk status
Move by ratings company Moody’s puts Thames in breach its operating licence but Ofwat likely to hold off on large fine
1010
Officer from Italy forced to quit UK police due to post-Brexit barriers
Dani says his £26,000 salary is not high enough to sponsor his wife so she can join him in Britain
1081
Ryanair profits drop by nearly 50% due to reduced summer fares
Europe’s largest airline says passengers are waiting until later in the season to book tickets
771
Wowcher to refund £4million to 870,000 customers after ruling over ’misleading’ website
The refunds will be issued to thousands of Wowcher ’VIP members’ after it was ruled the use of pre-ticked boxes meant customers could have been signed up without their full understanding
952
Yorkshire Water bosses get hefty bonuses after company failed customers
CEO and CFO given total of £616,000 for a year in which some residents struggled to go about daily lives
824
UK house purchases delayed due to issues with Chaps payments system
Bank of England said issue affected some payments on Thursday but that service had been restored by 4.30pm
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