News
More mortgage rate reductions to be made as wave of cuts continues
12+ hour, 51+ min ago (293+ words) By Vicky Shaw, Press Association Personal Finance Correspondent Britain's biggest building society is cutting rates across its fixed mortgage range for new and existing customers from Friday, with many other lenders having also announced cuts in recent days. Two years…...
Marks Electrical flags caution over sales outlook amid consumer pull-back
6+ day, 20+ hour ago (272+ words) By Holly Williams, Press Association Business Editor Marks Electrical has said it is taking a more "cautious" outlook over annual sales and profitability as consumers rein in spending in the face of cost of living and unemployment worries. CCTV footage…...
Inflation holds steady at 2. 8% as food price rises ease
1+ week, 1+ day ago (383+ words) By Henry Saker-Clark, Press Association Deputy Business Editor UK inflation unexpectedly flatlined last month as a slowdown in food price rises offset pressure from airfares, according to official figures. Register for free to continue reading this story and access more…...
Uncertainty" and geopolitical tensions" hit NI economy hard in May
1+ week, 6+ day ago (807+ words) Geopolitical tensions had a "stark impact" on Northern Ireland's economy last month, as output fell by the sharpest rate seen here for over three years, according to a new report. Ulster Bank's growth tracker for May showed business activity falling…...
Australia's Sigma confirms talks over Boots takeover
2+ week, 1+ day ago (115+ words) By Henry Saker-Clark, Press Association Deputy Business Editor Pharmacy and beauty chain Boots is in talks with an Australian rival and the billionaire Weston family over a potential "7. 5 billion sale. Live updates below as police and politicians call for calm…...
Stocks mixed amid lack of Middle East progress
2+ week, 3+ day ago (198+ words) By Jeremy Cutler, Alliance News The FTSE 100 edged higher on Monday on a mixed day for stocks in London, as US markets recouped some of Friday's hefty falls and investors weighed another day of uncertainty in the Middle East. Conman…...
How will soaring fuel prices impact April's GDP data?
2+ week, 6+ day ago (126+ words) By Holly Williams, Press Association Business Editor Britain's economy is expected to show signs of an impact from the Iran war when official figures are released for April, with forecasts for a sharp pullback after a surprisingly strong start to…...
Inflation target should not be increased, says Bank governor
3+ week, 2+ day ago (217+ words) By Henry Saker-Clark, Press Association Deputy Business Editor The Governor of the Bank of England has said the Bank should not increase its inflation target, stressing that it is important to give households confidence it can bring down the rising…...
Borrowing surges by more than expected in blow to Chancellor amid Iran war woes
1+ mon, 3+ day ago (233+ words) By Holly Williams, Press Association Business Editor Chancellor Rachel Reeves has been given a further challenge as government borrowing soared by a quarter to a higher-than-expected "24. 3 billion last month after record debt interest costs, official figures have shown. Former Rape…...
Over 110, 000 Nationwide customers in NI to receive "100 payment
1+ mon, 4+ day ago (587+ words) Vicky Shaw, Press Assocation Over 110, 000 Northern Ireland Nationwide customers will receive a "100 payment from the lender, it announced on Thursday. They are among millions of Nationwide customers UK-wide set for the windfall as Britain's biggest building society unveiled the latest…...