Business

Dismal weather piles pressure on UK retailers as sales decline

Dismal weather piles pressure on UK retailers as sales decline

SUMMARY: Its head of retail sales Rhian Murphy, said: "Retail sales continued to grow in the latest three months despite two consecutive monthly falls, with clothing sales declining considerably in May, due to unseasonably cold weather.

sky news
US rate cut hopes lift pound over $1.27, ahead of Bank of England decision - business live

US rate cut hopes lift pound over $1.27, ahead of Bank of England decision - business live

SUMMARY: Rolling coverage of the latest economic and financial news, as the dollar falls after US Federal Reserve hints that borrowing costs will fall soonIntroduction: Fed hints that rates will fall soonMarkets think July rate cut is nailed-onComing up: Bank of England decision at noon

the guardian
Loss of market share means 'more pain' for Currys PC World owner

Loss of market share means 'more pain' for Currys PC World owner

SUMMARY: The company behind Carphone Warehouse and Currys PC World has warned its UK mobile division will remain "significantly loss-making" this year.

sky news
What if – whisper it – 5G doesn’t matter?

What if – whisper it – 5G doesn’t matter?

SUMMARY: What if – whisper it – 5G doesn’t matter?

sky news
Half of Britons say we should only trade with those respecting human rights

Half of Britons say we should only trade with those respecting human rights

SUMMARY: Half of Britons say we should only trade with those respecting human rightsHalf of Britons say we should only trade with those respecting human rightsHalf of Britons said trade should only be with countries that have a good human rights recordHalf of Britons believe the country should only trade with those that have a good record on human rights - even if it hurts the economy.

sky news
Chancellor Philip Hammond: No-deal Brexit could break up the UK

Chancellor Philip Hammond: No-deal Brexit could break up the UK

SUMMARY: Image: The final four Conservative leadership candidatesParliament has already shown it will not allow a no-deal Brexit and has rejected Theresa May's Withdrawal Agreement, Mr Hammond will stress.

sky news
Fed chairman on reports that Trump is seeking to oust him: 'I'm here to stay'

Fed chairman on reports that Trump is seeking to oust him: 'I'm here to stay'

SUMMARY: Fed chairman on reports that Trump is seeking to oust him: 'I'm here to stay'The Federal Reserve chairman, Jerome Powell, has responded to reports that Donald Trump is seeking to fire or demote him.

the guardian
US interest rates left unchanged as 'uncertainties' arise

US interest rates left unchanged as 'uncertainties' arise

SUMMARY: The Federal Reserve kept its benchmark rate in a range of 2.25% to 2.5%US interest rates have been left unchanged, but the Federal Reserve signalled it is prepared to start cutting rates if needed, to protect the US economy.

sky news
Retail carnage deepens as Bathstore nears collapse

Retail carnage deepens as Bathstore nears collapse

SUMMARY: Sky News has learnt that privately owned‎ Bathstore is lining up BDO, the accountancy firm, to handle an insolvency process.

sky news
Global financial bodies not fit for purpose, John McDonnell says

Global financial bodies not fit for purpose, John McDonnell says

SUMMARY: McDonnell will use a conference next month with left-leaning economists to discuss institutional reforms to combat the climate crisis.

the guardian
Centrica to cut 700 jobs amid 'growing challenges'

Centrica to cut 700 jobs amid 'growing challenges'

SUMMARY: British Gas owner Centrica plans to cut around 700 management and back office jobs under previously announced reductions, as it faces "growing challenges."

sky news
Brexit uncertainty hits UK manufacturing; London house prices drop again - business live

Brexit uncertainty hits UK manufacturing; London house prices drop again - business live

SUMMARY: Search with google

the guardian
Car price war and falling air fares cool UK inflation

Car price war and falling air fares cool UK inflation

SUMMARY: Transport costs fell by 3.8% overall between April and May this year, led by falling air fares.

the guardian
Monsoon offers landlords profit-share deal in rescue bid

Monsoon offers landlords profit-share deal in rescue bid

SUMMARY: Under chief executive Paul Allen, Monsoon Accessorize's holding company, Drillgreat, has been closing stores when leases expired in recent years.

sky news
Inflation falls back to 2% as air fares dive after Easter

Inflation falls back to 2% as air fares dive after Easter

SUMMARY: Air fares made a substantial contribution to rising inflation in April because of the timing of EasterThe rate of inflation has fallen to 2% as the cost of air travel fell in May following increases ahead of Easter the previous month.

sky news
Weak pay rises and dearer housing fuel jump in working poor, says IFS

Weak pay rises and dearer housing fuel jump in working poor, says IFS

SUMMARY: “The rise in pensioner incomes driven by state and private pensions has pushed up the relative poverty line.

the guardian
Looking beyond economic growth and towards wellbeing

Looking beyond economic growth and towards wellbeing

SUMMARY: So instead of pursuing a single false god, our governments need to change the way investment decisions are made.

the guardian
Trump reportedly discussed firing Fed chair Jerome Powell over rate hikes

Trump reportedly discussed firing Fed chair Jerome Powell over rate hikes

SUMMARY: Donald Trump has reportedly discussed firing the Federal Reserve chairman, Jerome Powell, his latest move a series of unprecedented attacks on the central bank.

the guardian
What Are The Blue-Collar Jobs Of The Future?

What Are The Blue-Collar Jobs Of The Future?

SUMMARY: The truth, however, is that the future for American blue-collar workers is teeming with a new kind of opportunity defined by jobs more aptly categorized as “green-collar” instead of blue.

forbes
Boeing 737 Max: BA-owner IAG signs deal to buy 200 planes

Boeing 737 Max: BA-owner IAG signs deal to buy 200 planes

SUMMARY: Boeing is currently trying to develop a software fix for 737 Max planes after two deadly crashes.

bbc