PM ‘confirms guarantee’ for savers as troubled Italian banks face insolvency
People with accounts in two troubled Italian banks will have their savings guaranteed despite insolvency proceedings, the prime minister has said.
UK and abroad
People taking second step on property ladder ‘still rely on bank of mum and dad’
Nearly a third of people aiming to take their second step on the property ladder are still relying on help from the "bank of mum and dad" or other loved ones, research has found.
US stocks move higher after energy firms recoup some losses
US stock indexes nudged higher on Friday after energy companies clawed back some of their sharp losses from earlier in the week.
Tesco to increase pay rate for 250,000 workers by 10.5%
Tesco said it will hand around a quarter of a million staff a 10.5% pay rise, marking its biggest investment in store pay for 10 years.
Weak oil price continues to drag down FTSE 100 Index
The London market was rooted in the red on Friday as the blue-chip stocks continued to suffer in response to the weak oil price.
‘No evidence’ Bank of England broke law over liquidity auctions during crisis
The Serious Fraud Office (SFO) has closed an investigation into the Bank of England, saying there was "no evidence" it broke the law when holding liquidity auctions during the financial crisis.
Bailed-out Allied Irish Banks returned to stock market
Ireland has returned Allied Irish Banks (AIB) to the stock market in a landmark moment that underscores the lender's recovery since it was saved from collapse during the financial crisis.
Eurozone economic activity touches six-year high in second quarter
Economic activity in the eurozone touched a six-year high in the second quarter despite suffering a setback in June.
Toshiba bumped from Tokyo Stock Exchange top tier over £7bn losses
Toshiba has been demoted from the top tier of the Tokyo Stock Exchange as the firm warned that last year's losses will be bigger than expected.
Jeremy Corbyn suggests Labour’s £10 living wage pledge would cover 16-year-olds
Jeremy Corbyn has suggested that Labour's £10 an hour living wage pledge would also apply to 16-year-old workers, signalling a major rise on the current rates.
New rules rolled out to stop funding for organised crime and terrorism
New rules designed to clamp down on the funds used to finance organised crime and terrorism will be rolled out on Monday.
Dixons Carphone to reveal rise in profits despite consumer spending squeeze
Dixons Carphone is expected to show signs of wear from the squeeze on consumer spending, despite boosting profits, when it announces full-year results on Wednesday.
Santander offers high-tech option of video link with mortgage adviser
A service enabling people to apply for a mortgage via video link is being rolled out by Santander.
Competition watchdog targets online gambling firms over sign-up promotions
The competition watchdog is to take enforcement action against online gambling companies suspected of breaking consumer law.
European Central Bank bid to boost euro clearing oversight adds to Brexit fears
The European Central Bank has put forward proposals that would enhance its oversight over euro clearing, adding to fears that London is set to lose its grip on the multibillion pound market following Brexit.
Major UK cities see growth in house prices
House prices across the UK's major cities have recorded their strongest quarterly growth for three years, according to property analysts Hometrack.
US suspends meat product imports from Brazil
The United States has announced the immediate suspension of all imports of beef products from Brazil because of safety concerns.
Average car insurance premium up £90 over last year, analysis shows
The average car insurance premium has surged by £90 over the last year, according to analysis.
UK’s Brexit stance unclear after general election, says EU Parliament president
Britain's Brexit negotiating position is unclear after a general election which dealt a heavy blow to Theresa May's authority and in which the Tories lost their parliamentary majority, the president of the European Parliament said.
Warning of ‘risky and expensive’ nuclear project at Hinkley Point C
The Government's deal for a new nuclear power plant at Hinkley Point has locked consumers into a "risky and expensive project" with uncertain benefits, the National Audit Office (NAO) warned.
US stock indexes hold steady as oil’s dismal week eases
US stock indexes have held steady after the price of oil halted its slide, at least for now.
Departing Bank of England rate-setter takes swipe at Mark Carney in final speech
A departing rate-setter at the Bank of England has taken a final swipe at dovish Governor Mark Carney, saying record-low interest rates are no longer justified.
Southern, Merseyrail and Arriva Rail North workers to stage fresh strikes
Workers in three rail firms are to stage a series of fresh strikes in bitter disputes over staffing and driver-only trains, threatening fresh disruption for hundreds of thousands of passengers.
Manufacturers see rise in orders as weak pound boosts demand for UK goods
Manufacturers are enjoying their strongest pipeline of orders for nearly 30 years as the weak pound helps boost demand for "Made in Britain" goods, according to a survey.
Buy-to-let lending forecasts revised down after ‘weak start’ to 2017
Banks and building societies have revised down buy-to-let lending forecasts for 2017 and 2018 following a "weak start" to borrowing by the sector in the early months of this year.
Hornby says £27.4m takeover bid ‘significantly undervalues’ firm
Model toymaker Hornby has said that a takeover bid launched by Phoenix Asset Management "significantly undervalues" the company.
McDonald’s launches long-awaited home delivery trial in UK
McDonald's has launched its long-awaited home delivery trial in the UK after teaming up with Uber's takeaway service across parts of London, Nottingham and Leeds.
Daiwa investment bank to site its new EU subsidiary in Frankfurt
Japanese investment bank Daiwa has confirmed that it has settled on Frankfurt as the location for its new EU subsidiary in a move that is likely to see a number of London staff relocated to Germany.
FTSE 100 down amid energy market turbulence
London's premier index ended the day in the red, as commodity stocks failed to recover losses despite a oil price bounce-back.
China’s JD buys £314m stake in UK fashion retailer Farfetch
Chinese internet giant JD.com has splashed out 397 million US dollars (£314 million) on a stake in London-based online fashion retailer Farfetch.
Wizz Air celebrates ‘major investment’ as base opens at Luton airport
Low-cost European airline Wizz Air has hailed a "major investment in the UK" as it shrugged off Brexit uncertainties to open its first British base at Luton airport .
Southern Railway passengers warned of more disruption as overtime ban looms
The group behind strike-hit Southern Railway has warned over fresh disruption for long-suffering passengers ahead of next week's planned union action.
