The Independent Companies Full text
FTSE 100 falls as bond worries offset lower oil
The index ended down 48.17 points, 0.5%, at 10,636.71.
The Wire
The financial desks we read, gathered in one place. Stories we are licensed to carry are reproduced in full with the writer credited; everything else is a headline and a short quotation that links straight to the publisher.
Companies — 431 stories
The Independent Companies Full text
Bank of England policymaker says raising interest rates ‘not compelling’
Alan Taylor, a member of the MPC, played down the need for pushing up borrowing costs.
The Independent Companies Full text
PM announces new law to allow public ownership of water firms
Mayors will also be given new powers to hold failing water firms to account.
The Independent Companies Full text
Anthropic warns of ‘existential risks to humanity’ of AI in IPO plans – reports
The US tech giant reportedly laid out the risks of potential human extinction in its initial public offering prospectus.
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Close Brothers ramps up cost cutting after posting another loss
The banking group said it cut annual costs by around £36 million in the year to July 31 and was targeting more than £60 million in the year ahead.
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Why you could pay income tax on your state pension even if the triple lock ends
Some pensioners will be dragged into paying income tax – but there are exemptions
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Sephora to run beauty departments in 100 M&S shops from next year
M&S said the move, which will create Sephora at M&S, is part of the ‘next step’ in the transformation of its fashion, home and beauty business.
The Independent Companies Full text
AstraZeneca invests £1.5bn into US firm Summit for cancer drug tie-up
The firms will collaborate on Summit’s experimental new medicine as well as researching how it could be combined with Astra’s treatments.
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Sales grow at Card Factory despite ‘pressure on UK consumers’
The retail chain, which runs 1,126 shops across the UK and Ireland, revealed that revenues lifted by 5.3% to £260.8 million for the past six months.
The Independent Companies Full text
Close Brothers ramps up cost cutting after posting another loss
The banking group said it cut annual costs by around £36 million in the year to July 31 and was targeting more than £60 million in the year ahead.
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Major UK delivery firm issues delay warning to customers amid growing backlog
The issues are understood to be connected to an overhaul of Evri's network
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Irn-Bru maker AG Barr says supply chain issues lost firm £10m in sales
The Scottish drinks firm said stock availability and customer service has normalised over the second half of the year.
The Independent Companies Full text
Shop price inflation slows as retailers ramp up promotions to drive demand
Shop prices overall were 1.4% up on a year ago, down from August’s growth of 1.5%, according to the British Retail Consortium and NIQ.
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Chancellor John Healey ‘concerned’ as diesel prices in UK climb to record high
The average price of a litre of diesel stood at 199.18p on Monday, according to figures compiled by the RAC.
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Housebuilders star on buyer support scheme but weak miners limit progress
The FTSE 100 index ended down 10.37 points, or 0.1%, at 10,684.88.
The Independent Companies Full text
Healey sets out plan for ‘new age of industrialisation’ to boost economy
Chancellor John Healey used his Labour Party conference speech to try to revive confidence in the UK economy.
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Healey sets out plan for ‘new age of industrialisation’ to boost economy
Chancellor John Healey used his Labour Party conference speech to try to revive confidence in the UK economy.
The Independent Companies Full text
Shein cautions over uncertain backdrop after European sales slide
Shein revealed its latest performance in its first trading update since floating on the Hong Kong Stock Exchange at the start of this month.
The Independent Companies Full text
Britain’s electricity grid operator cancels call for power
Shortly after 4pm, Neso confirmed that it cancelled the notice issued earlier on Monday.
The Independent Companies Full text
Flutter and Entain warn over hit from Brazilian gambling ban
Brazilian President Luiz Inacio Lula da Silva signed an order on Friday to ban ‘all sports betting and online casinos’.
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Healey sets out plan for ‘new age of industrialisation’ to boost economy
Chancellor John Healey used his Labour Party conference speech to try to revive confidence in the UK economy.
The Independent Companies Full text
Electricity grid operator calls for more power generation
Neso issued an electricity margin notice early on Monday to increase the availability of electricity as a ‘contingency’.
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Evri facing delivery disruption amid network overhaul
Disruption to the delivery giant’s collections have reportedly led to a mounting backlog in ParcelShops.
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UK retail giant to hire 1,000 Christmas workers in major recruitment drive
The positions will be spread across 296 stores in the UK and Ireland
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