Rolling coverage of the latest economic and financial newsLatest: August car sales hit eight-year lowIntroduction: Car sales dropped last month, preliminary data showsGerman factory orders jump, thanks to shipbuilding demandUK labour crisis could last …
US job creation slows sharply in August as Delta variant hits economy – business live
Rolling coverage of the latest economic and financial newsEarlier:Latest: Wall Street drops as jobs growth stumblesUS jobs creation much weaker than forecast, just 235kAugust slowdown after over 1m new hires in JulyDelta variant hits leisure and hospit…
China ‘plans to ban’ overseas IPOs for data-heavy tech firms, and proposes algorithm controls – business live
Rolling coverage of the latest economic and financial newsLatest: 996 overtime policy illegalNew proposals for how algorithms usedAlgorithms must comply with law, social ethics and fairness…No disrupting public order, unfair pricing, or harming minorsE…
UK labour shortage hits consumer firms, as car and engine production tumbles – business live
Rolling coverage of the latest economic and financial newsONS: 7% of firms couldn’t get materials and staff in last fortnightTransport and storage firms lagging in the recoveryRetail footfall dropped 2% last weekEarlier:UK labour shortage hits consumer…
Iceland boss: Christmas at risk from HGV driver shortages and supply chain crisis – business live
Rolling coverage of the latest economic and financial newsLatest: Iceland boss warns that supply chain crisis threaten ChristmasNeed to put HGV drivers on skilled workers list, he saysRichard Walker: Self-inflicted wound after BrexitEarlier:Supply chai…
UK property sales slide after stamp duty holiday scaled back – business live
Rolling coverage of the latest economic and financial newsLatest: UK house sales fell over 60% in July after busiest ever JuneHousebuyers rush to complete deals before stamp duty cut scaled backEarlier:Oil surged 5% on Monday on rising demand hopes and…
UK growth hits six-month low as staff and materials shortages bite – business live
Rolling coverage of the latest economic and financial newsLatest: UK private sector growth hit six-month low in AugustFirms report big problems with staff and material shortagesEarlier:Eurozone private sector growth near 15-year high, but supply chain …
UK economic recovery speeds up in June after lockdown measures relaxed – business live
GP visits, advertising spending and reopening of hospitality venues all helped economy grow for fifth month running in JuneBREAKING: UK economy returned to growth in Q2Growth faster than expected in JuneONS: Economy is rebounding stronglyGDP up by 1% i…
Pound at 18-month high vs euro as German investor morale takes Covid-19 hit – business live
Rolling coverage of the latest economic and financial newsLatest: Sterling highest since February 2020 vs euroGerman investor morale hit by fourth-wave fearsUS small business confidence falls amid struggle to find workersEarlier:Philip Morris shifts to…
Vectura may face takeover auction; oil hit by pandemic fears; US job openings hit record – as it happened
Rolling coverage of the latest economic and financial news, as cigarette maker Philip Morris and private equity group Carlyle battle to own UK health companyLatest: US job openings hit recordOil hit by China’s Covid-19 restrictions.Auction process loom…