2 hours ago Eurozone interest rates could be cut today; Uber ‘explored bid for Expedia’ in super

Rolling coverage of the latest economic and financial newsThere’s a flurry of takeover drama in the City this morning.N Brown Group, the online fashion retailer, has agreed to be taken over in a £191m deal, led by its fourth largest shareholder, Joshua Alliance. Continue reading...

Politics

3 hours ago Why is Germany shooting its own stagnating economy in the foot? | Simon Nixon

A proposed Italian-German bank merger makes sense for Europe, but Berlin is opting for domestic protectionismA potential merger between a German bank and an Italian rival would not normally elicit much interest beyond the business pages. But these are not normal times. The Italian bank UniCredit recently provoked a political backlash in Germany by acquiring a 21% stake in the German lender Commerzbank. Even chancellor Olaf Scholz weighed in, calling the Italian move “an unfriendly attack”. The significance of this row runs far beyond the worlds of Italian and German finance.News of the acquisition came just weeks after the publication of a report by Mario Draghi, the former president of the European Central Bank, on how to address the EU’s declining competitiveness against the US and Ch...

Events

4 hours ago Labour must avoid killing off 'green shoots' of economic recovery with high business taxes

As inflation hits lowest level for more than three years, an interest rate cut that would boost investment looms

Economics

20 hours ago Fuel and flight price cuts see inflation drop to 1.7 per cent in September

Lower inflation was partly caused by a significant fall in fuel prices and air travel, according to the ONS

Economics

23 hours ago UK inflation rate: what it means for interest and mortgage rates, Bank of England 2024 target explained

Inflation has dropped to 1.7%, falling below the Bank of England’s target for the first time since April 2021 📉

Economics

24 hours ago UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves

Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leewayAnalysis: Sharp inflation drop gives green light to more aggressive rate cutsBusiness live – latest updatesInflation in the UK has fallen to its lowest level in three and a half years, giving a pre-budget boost to Rachel Reeves as expectations grow for the Bank of England to cut interest rates.Figures from the Office for National Statistics show the consumer prices index dropped sharply to 1.7%, down from 2.2% in August, in a bigger than expected fall than anticipated in financial markets driven by lower air fares and petrol prices. Continue reading...

Economics

24 hours ago What is inflation? Rate falls below Bank of England's target of 2% for first time in nearly three years

The decline has given weight to market predictions that the Bank of England could cut interest rates at its next policy conference

Economics

24 hours ago What this unexpected inflation drop means for your spending, savings and mortgages

Inflation dropped below the Bank of England target rate last month for the first time since April 2021, according to new figures.

Economics

25 hours ago Hopes of Christmas gift for Brits with TWO quick interest rate cuts as inflation tumbles faster than expected to 1.7%

Headline CPI dropped to 1.7 per cent in September from 2.2 per cent the previous month - much better than analysts had expected.

Economics