42 h. ago Councillor to host special advice surgery for local businesses in East Kilbride Village

Councillor Joe Fagan is looking for businesses and locals to give their views on replacing the dilapidated Showpark car park with a new event space.

Politics

3 d. ago Bank chief says world ‘too unpredictable’ when forecasting UK economic outlook

Andrew Bailey said he viewed domestic issues as more important than global ones when it comes to setting interest rates.

Economics

4 d. ago UK oil and gas industry welcomes talk of ceasefire in Middle East

The chief executive of Offshore Energies UK said there has already been a drop in oil prices.

Events

8 d. ago Consumer confidence up in June amid ‘dark shadow’ of inflation and war

GfK’s long-running Consumer Confidence Index rose two points but remains firmly in negative territory at minus 18.

Economics

9 d. ago UK interest rates kept on hold with Bank alert to ‘highly unpredictable’ world

The Bank of England’s Monetary Policy Committee decided to keep rates unchanged at 4.25%.

Events

9 d. ago UK interest rates expected to remain on hold; rate cuts in Norway, Switzerland and the Philippines – business live

Central bankers warn that trade war worries, and conflict in the Middle East, could hurt growthNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of a deceleratio...

Politics

9 d. ago Bank of England expected to leave interest rates on hold as Middle East conflict pushes up oil price – business live

Rolling coverage of the latest economic and financial news, as Switzerland and Philippines cut interest ratesNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of...

Economics

9 d. ago Bank of England expected to leave interest rates as Middle East conflict drives up oil price – business live

Rolling coverage of the latest economic and financial newsEurope’s main stock markets have dropped at the start of trading.In London, the FTSE 100 index has lost 33 points, or 0.37%, to 8810 points. Mining stocks are among the fallers. Continue reading...

Economics

9 d. ago Bank of England ‘unlikely’ to cut interest rates as inflation pressure grows

Most economists think the Bank of England’s Monetary Policy Committee (MPC) will opt to keep rates on hold when it meets on Thursday.

Economics

1 week ago UK inflation to edge higher if oil prices push up energy costs, experts warn

Experts have said that inflation is set to remain elevated over the coming months, particularly if global oil prices continue to spike.

Economics

1 week ago UK inflation set to cool as prices settle following April bill rises

The rate of Consumer Prices Index inflation is expected to have fallen to 3.3% in May, from 3.5% in April, according to a consensus of analysts.

Economics

1 week ago The remarkable Hayato Inamura story from J League rookie to Celtic transfer recognition

The Hoops have done some superb business in the Far East over the years with more hits than misses

Sport

1 week ago Trump claims EU is not yet offering a fair trade deal – business live

Rolling coverage of the latest economic and financial newsTrump says UK is protected from tariffs ‘because I like them’ as trade deal is signed offIran and Israel crisis: what does it mean for the price of oil?Global oil supply is set to increase “far” faster than demand in the coming years, the International Energy Agency has predicted.In a new report, the IEA argues that oil markets are undergoing structural changes as the key drivers of supply and demand growth of the past 15 years start to fade.This growth is set to be dominated by robust gains in natural gas liquids (NGLs) and other non-crude liquids. The strategic shift towards higher non-crude capacity is driven by strong global demand for petrochemical feedstocks and the development of liquid‑rich gas resources.UK’s FTSE 100: -46 points or -0.5% at 8828 pointsGerman DAX: down 267 points or -1.1% at 23,430 pointsFrench CAC: down 61 points or -0.8% at 7,680 pointsAfter rallying on Monday on hopes that the Israel and Iran confl...

Economics

1 week ago Fuel tanker rates surge as Middle East crisis worries markets – business live

Rolling coverage of the latest economic and financial newsTrump says UK is protected from tariffs ‘because I like them’ as trade deal is signed offIran and Israel crisis: what does it mean for the price of oil?Over in Tokyo, Japan’s central bank chief has warned that the jump in the oil price, if maintained, could push up inflation.Speaking after the BoJ left interest rates on hold today, governor Kazuo Ueda told reporters:“Coupled with already rising food prices, such moves in oil prices caused by tensions in Iran and Israel, if persist, could risk affecting inflation expectations and underlying inflation. So we must scrutinise developments carefully.”“Even if developments surrounding U.S. trade policy stabilise toward a certain direction, there’s very high uncertainty on how that could affect the economy .For the time being, there is extremely high uncertainty over each country’s trade policy. As such, there is bigger downside risk for both Japan’s economy and prices.” Continue re...

Events

2 w. ago East Renfrewshire doctor secures £65k Scottish Enterprise grant for innovative AI

An East Renfrewshire doctor has secured £65,000 in funding from Scottish Enterprise to develop an innovative medical education platform, following tailored support from Business Gateway East Renfrewshire and East Renfrewshire Council.

Economics

3 w. ago Dr Martens sees profits slide but on track for return to growth

The footwear group reported pre-tax profits of £8.8 million for the year to March 30, down from £93 million the previous year.

Politics