Rolling coverage of the latest economic and financial news, as the UK’s supply chain crisis continuesLatest: Grant Shapps says ‘signs of stabilisations’ in petrol storageShapps: don’t fill up water bottles with fuelIntro: More queues and shortages at p…
‘Eerie silence’ as Evergrande misses payment deadline
As debt-laden Chinese property giant enters 30-day grace period, officials look to limit unrest and job lossesThe embattled Chinese property developer Evergrande is inching closer to the potential default that investors fear, after missing an interest …
Bank of England warns energy price surge will push inflation over 4%– business live
Inflation expected to rise ‘slightly over 4%’ in the final quarter of this year, as energy and goods prices surgeLatest: Bank predicts CPI inflation will rise over 4%MPC leaves rates on hold, but two policymakers want to end QE earlyBank says case for …
Markets rally as Evergrande fears ease; CO2 prices to rise sharply – business live
Rolling coverage of the latest economic and financial newsLatest: Supply chain problems to hit Germany’s recoveryCO2 prices to jump, government warnsFull story: Bailout of US CO2 supplier will cost UK taxpayers ‘millions’Evergrande strikes deal over on…
DraftKings makes $20bn offer for Ladbrokes and Coral owner Entain
Shares in FTSE 100 gambling company rise by almost a fifth after approach from US rivalEntain, the gambling company behind Ladbrokes and Coral, has received a $20bn takeover approach from DraftKings – the latest swoop by an American rival.Shares in Ent…
British retail sales fall unexpectedly in August – business live
Rolling coverage of the latest economic and financial newsRetail sales fell 0.9% in AugustSupply chain problems hit retailersFood store sales drop as more people dine outTravel shares jump on reports of restrictions easing 9.09am BST The slide in iron …
UK GDP: growth stalls as rising virus cases and shortages hit recovery – business live
Rolling coverage of the latest economic and financial newsBREAKING: UK GDP rose just 0.1% in JulyService sector and manufacturing stalledONS: staff shortages a factorConstruction output fell as firms struggle to source raw materialsIntroduction: UK’s J…
EasyJet needs investors on board as next takeover bid may be serious | Nils Pratley
Wizz Air’s offer was rejected, of course, but £1.2bn rights issue hardly put fizz back into sharesThe pandemic has transformed the airline industry in unexpected ways: Wizz Air, whose shares have recovered all the altitude lost in the early months of l…
Oxford Covid biotech firm plans £2.4bn flotation on LSE
Business founded in 2005 has won contracts to track global variants worth £144m from UK governmentOxford Nanopore, whose Covid-19 technology was snapped up by the UK government and used to track variants of the virus globally, has unveiled its plans to…
European Central Bank slows pandemic stimulus; US jobless claims at pandemic low – business live
Rolling coverage of the latest economic and financial newsLatest: ECB slows PEPP stimulus programmeLagarde: The lady isn’t taperingGrowth and inflation forecasts nudged upEarlier:More UK firms struggle to find workers, as costs riseLack of candidates a…