UK stock market shrinking at fastest pace in history, says Goldman

British mining giant Anglo American has rejected a £31.1bn takeover offer by Australian rival BHP. The FTSE 100 miner said the bid was “opportunistic” and “significantly undervalues Anglo American and ... Read More

FTSE 100 hits record high; UK economy’s recovery from recession gathers pace – business live

Rolling coverage of the latest economic and financial news ... Read More

UK annual government borrowing higher than forecast in blow to Chancellor

The ONS estimated that full-year public sector net borrowing was £120.7 billion in 2023-24, £6.6 billion more than predicted. Read More

UK Public Borrowing 11.9 Billion Pounds in March

LONDON (Reuters) - British public sector net borrowing, excluding state-controlled banks, was 11.94 billion pounds ($14.74 billion) in March, the Office for National Statistics said on Tuesday. Read More

Mortgage News: Halifax Joins Ranks Of Major Lenders Raising Borrowing Costs

More lenders have cropped their borrowing rates as competition for new business ... lowest recorded level since 2020. The next Bank of England interest rate decision is on 21 September. The current ... Read More

World risks ‘tepid Twenties’ as debt levels and inflation soar, warns IMF

Interest rate cuts should still be a “way off”, according to a top Bank of England official, as she warned there was a bigger risk of “inflation persistence” in the UK than in other countries. Read More

Wall Street and Europe higher as Google owner crosses $2tn

It came as US Treasury secretary Janet Yellen told Reuters that US economic growth for the first quarter could be revised higher, and inflation will ease after a clutch of "peculiar" factors held the ... Read More

GB News to axe 40 jobs weeks after revealing heavy losses

GB News is to cut 40 jobs as the opinionated broadcaster battles to stem losses. Staff were informed of the cuts at a company-wide meeting on Friday afternoon following previous warnings that a ... Read More

News updates from April 23: Tesla to speed up launch of ‘affordable’ models; US regulator bans non-compete agreements

Russia’s deputy defence minister Timur Ivanov has been detained on suspicion of receiving a bribe, the country’s top investigative police agency has said. “Corresponding investigative actions are ... Read More

Live news: Greece will not send air defence systems to Ukraine despite EU pressure

Prime Minister Kyriakos Mitsotakis said Greece will not send Patriots and S-300s to Ukraine, despite pressure from EU and Nato allies to provide more air defence systems to Kyiv. Read More