Financial news

• FTSE 100 fights back ahead of Yellen testimony - live

  10-02-2016 12:29
  
  European stock markets rebound from two-year lows, buoyed by a recovery in banking stocks, while Australia enters bear market territory
  
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• ‘The emperor is naked’: Uefa president Ceferin takes new swipe at Infantino

  29-09-2026 21:05 via theguardian.com
  Aleksander Ceferin condemns FFE and Balogun affairTells club chiefs it is ‘time to say enough’ to FifaThe Uefa president, Aleksander Ceferin, has attacked his embattled Fifa counterpart Gianni Infantino in a scathing takedown of the failed Fifa Forward Enterprise (FFE) project and other recent scandals, saying “the emperor is naked” and declaring “it is time to say ‘enough’”.In a pointed address to the European Football Clubs (EFC) general assembly
  
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• Give BrewDog ‘second chance’ says new owner as it invests £50m

  29-09-2026 20:35 via theguardian.com
  US cannabis and drinks firm Tilray, which took over in March, says it will improve beers, pubs and working conditionsBrewDog’s new owner has urged drinkers to give the ailing brand “a second chance” as it invests more than £50m in improving the company’s beers, pubs and working conditions.The US cannabis and drinks company Tilray bought BrewDog for £33m in March this year, after the company collapsed into administration after five years of losses and a series
  
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• The Guardian view on Andy Burnham: grounds to hope for a better Britain | Editorial

  29-09-2026 20:22 via theguardian.com
  By linking Brexit, voting reform and public services, the prime minister made a powerful, personal pitch for a brighter futureAndy Burnham’s first speech as prime minister to a Labour conference was a serious attempt to argue that rebuilding the public realm will be better for the country than shrinking the state. He is right about this. Mr Burnham’s belief in the power of government is welcome, as is his instinct that by spending now on public services he will save money later. Admi
  
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• Burnham gambles on radical progressive plan to help Britain ‘rise again’

  29-09-2026 20:21 via theguardian.com
  PM accepts some of his plan could be difficult and admits he ‘may pay a political price’Analysis: PM’s promises will take time to come goodKey takeaways from Burnham’s conference speechAndy Burnham has staked his future on a gamble that the public will back radical progressive policies on social care, electoral reform and Europe, telling voters that his agenda will break the mould of the last 40 years and “allow us to rise again”.In a deeply personal speech at
  
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• Burnham’s triple lock gamble | Politics Weekly

  29-09-2026 20:03 via theguardian.com
  Andy Burnham has delivered a powerful and emotional speech to the Labour conference. He announced policies on the pensions triple lock, social care and electoral reform. He said he was willing to talk about the things politicians usually avoid. But without a big budget can he deliver his big dreams for the country? Continue reading...
  
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• Burnham’s electricity grid idea is interesting – but it’s not ‘public control’

  29-09-2026 20:01 via theguardian.com
  For all the talk, the real value of GB Grid lies in giving the regulator perfect data to drive down costsWhat is Burnham’s GB Grid plan and could it bring down energy bills?Did share prices shudder as Andy Burnham unveiled Great British Grid (GBG) as a public sector challenger to the trio of private sector firms that own and operate the electricity grid? Not exactly. National Grid and SSE, the two listed in London, were down by about 0.5%, in line with the wider market.That mild reaction l
  
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• Smart ring maker Oura puts off initial public offering due to market ‘uncertainty’

  29-09-2026 19:57 via theguardian.com
  Researchers say the IPO market was off to a solid start but tailed off in the third quarterSmart ring maker Oura Inc says it is postponing a planned initial public offering due to market “uncertainty”.In a Tuesday press release, Oura said it is delaying the stock market float “despite strong demand”. Continue reading...
  
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• Will pensioners be poorer as a result of Burnham scrapping the triple lock?

  29-09-2026 19:47 via theguardian.com
  Original triple lock was designed to lift pensioners out of poverty but OBR says it contributes to unsustainability of public financesThe prime minister has announced that the pensions triple lock will be scrapped in its current form, to partly fund a national care service. Continue reading...
  
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• Barclays softens return-to-office plans for UK staff after backlash

  29-09-2026 19:12 via theguardian.com
  Bank allows employees to delay being in workplace at least three days a week until 2027, if permission grantedBarclays has watered down its return-to-office plans after a major staff backlash, with the bank allowing some employees to wait until next year before having to be in at least three days a week.The bank this summer announced the attendance requirement would come in for its 45,000 UK staff from 5 October, with more senior employees expected to come in for at least four days. That compare
  
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• Conference laps up Andy unplugged as he offers chance to take road less travelled | John Crace

  29-09-2026 18:38 via theguardian.com
  Nothing was off the table, no coded hints, and by the end no one could be in any doubt about what Burnham believedYou’ve got to hand it to Andy Burnham. He left nothing out on the pitch. It would have been so easy to play it safe. To deliver a traditional leader’s speech to a home crowd. One we’ve been seeing from leaders of all parties for more than 15 years. Something warm, a feelgood vibes word salad with the odd minor spending announcement thrown in. Hell, the Labour confer
  
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• Manchester City guilty over Premier League charges after £900m of ‘sham’ contracts

  29-09-2026 18:05 via theguardian.com
  Commission: club broke rules over nine-season periodCity will appeal against verdict before Friday deadlineThe Premier League has confirmed Manchester City have been found guilty of all charges of breaching its financial rules over a nine-year period, with the club found to have boosted their income by a staggering amount of more than £900m.In a bombshell announcement the Premier League revealed an independent commission had found City guilty of arranging “sham contracts” with
  
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• Eiffel Tower chief to quit after female staff told to stay hidden during Hindu group visit

  29-09-2026 17:57 via theguardian.com
  Patrick Branco Ruivo to leave post after decision contrary to France’s ‘value of equality’ sparked outrage and strikeThe head of the operating company that runs the Eiffel Tower is to step down after a row over female staff being ordered to stay out of sight during a visit by a Hindu religious group.Patrick Branco Ruivo will leave his job at the end of the year, the Eiffel Tower Operating Company (Sete) announced in a statement on Tuesday. Continue reading...
  
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• Diesel export ban: will Trump push global energy prices even higher? - The Latest

  29-09-2026 17:29 via theguardian.com
  As the fallout from the Iran conflict continues, the price of diesel has soared to record highs in the UK, Europe and US. With his country facing an increase of 70% in costs compared with this time last year, Donald Trump is threatening a ban on US diesel exports to keep costs low for American consumers. But the plans have been met with alarm – the UK is holding talks with US counterparts to try to block the move, which France says would be ‘catastrophic’ if introduced. Lucy Ho
  
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• South West Water fined £8m for hundreds of sewage spills in Cornwall and Devon

  29-09-2026 17:19 via theguardian.com
  District judge orders record fine for region and says incidents of pollution cannot be toleratedA water company has been ordered to pay a record fine of almost £8m for hundreds of sewage spills at popular bathing spots and sensitive habitats in Cornwall and Devon.On one occasion, untreated sewage gushed through a harbour wall on a bank holiday weekend but South West Water (SWW) engineers took 10 hours to attend. Continue reading...
  
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• Andy Burnham fights tears as he speaks of his dad at Labour conference – video

  29-09-2026 17:14 via theguardian.com
  Andy Burnham appeared on the verge of tears as he paid tribute to his father, Roy, on the second day of the party conference. The prime minister said he was 'utterly determined' to ensure the UK, which had given his dad 'a good life', stayed unitedUK politics: latest updates Continue reading...
  
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• Soho House launches investigation after out-of-date food mislabelled in kitchen

  29-09-2026 16:58 via theguardian.com
  Private members’ club apologises after former employee exposes issue at its Shoreditch House venueThe Soho House private members’ club has launched an investigation after out-of-date food was mislabelled in one of its kitchens.The club, which charges up to £4,500 a year for membership, has apologised after a former employee made a video on TikTok exposing the issue. Continue reading...
  
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• US ban on Canadian imports likely to weaken already fragile relationship

  29-09-2026 16:04 via theguardian.com
  It marks another ratcheting up of Trump’s trade war and affects nearly $1bn in imports of a $880bn trade relationshipUS-Canada relations, already tense, are likely to deteriorate further after the United States went ahead early on Tuesday with a decision to ban nearly $1bn worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles.The ban amounts to barely a ripple in $880bn worth of annual two-way trade between the two northern neighbors. But it marks another
  
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• The Manchester City case shows us how the global mega-rich now expect to operate with impunity | Jonathan Liew

  29-09-2026 15:30 via theguardian.com
  When transnational alliances have scarcely been weaker, the way the club was allegedly run offers a bleak vision of a world driven by brute power and wealthThe cache of leaked emails and documents that would eventually lead to the crisis in which Manchester City are now embroiled was published by Der Spiegel in 2018, and often it was the tone of the club’s communications that was as startling as their content. Of City chairman Khaldoon al-Mubarak, a trusted adviser to the royal family of t
  
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• UK mortgage demand drops to 32-month low as Iran war drives up borrowing costs

  29-09-2026 15:11 via theguardian.com
  Average five-year fixed mortgage interest rate has hit 5.94%, its highest since October 2023, says MoneyfactsBusiness live – latest updatesDemand for UK mortgages slumped to a 32-month low in August as buyers were deterred by rising costs linked to the war in Iran.Just 54,918 mortgages for new home purchases were approved in August, the Bank of England reported on Tuesday, the lowest monthly total since December 2023. Continue reading...
  
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• What is Burnham’s GB Grid plan and could it bring down energy bills?

  29-09-2026 15:09 via theguardian.com
  Proposed government-backed network body welcomed by some in sector but others call it just another quangoNils Pratley: Burnham’s electricity grid idea is interesting – but it’s not ‘public control’Andy Burnham’s first address to the Labour party conference as prime minister addressed Britain’s rising energy costs and sluggish economic growth with plans for a new government-backed body to invest in the electricity grid.The proposals to set up Great Britis
  
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• M&S links up with Sephora to lure younger shoppers

  29-09-2026 14:17 via theguardian.com
  Beauty specialist will open branded areas in 100 Marks & Spencer stores and will sell its products on chain’s websiteBusiness live – latest updatesMarks & Spencer has signed a deal with Sephora to open areas under the beauty brand’s name within its stores, in its latest tactic to attract younger shoppers.The French retailer is to launch branded areas staffed by Sephora employees in 100 M&S stores and sell through the British retailer’s website in spring next y
  
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• Stop shaming people for using AI. Start organizing to prevent our obsolescence | Garrison Lovely

  29-09-2026 14:00 via theguardian.com
  The industry is engaged in a perverse quest to replace humans. We cannot cede the best tools available to the other sideI don’t need to tell you that people hate AI. The list of grievances is long: slop, cheating, bias, enfeeblement, electricity bills, environmental destruction, exploitation, theft, cybercrime, doom. But resistance to the technology has often taken the form of shaming people for personally using it, with precious little organizing against the companies building the machine
  
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• How gold surpassed cocaine as Peru’s most profitable criminal industry

  29-09-2026 14:00 via theguardian.com
  As gold prices surge, illegal mining has laid waste to swathes of Tambopata National Reserve’s rainforest “Halt, stop right there,” shouts a Peruvian Navy Seal, firing warning shots into the air. But the fleeing man pays no attention, scrambling up to the rim of a football pitch-sized crater and disappearing into the dense rainforest as the commandos give chase, swearing and shooting.Meanwhile, other marines set dynamite charges on a makeshift wooden raft that floats in the cra
  
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• ‘Visible and engaged’: Burnham in listening mode with businesses at Labour party conference

  29-09-2026 13:43 via theguardian.com
  PM reassures firms and chancellor vows help on costs – but unease remains over possible budget tax risesBusiness live – latest updatesA year ago Andy Burnham had a tough business reception at Labour’s party conference. The then mayor of Greater Manchester, with clear ambitions to replace Keir Starmer, had rattled the City of London with his comment that Britain should be less “in hock” to bond markets.Returning to the annual gathering in Liverpool a year later as pr
  
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• Anthropic ‘warns of existential AI risks to humanity’ in IPO document

  29-09-2026 12:17 via theguardian.com
  Reported admission to investors of AI’s ‘self-preserving behaviours’ comes as company prepares for a potential $2tn flotationAnthropic is telling investors that advanced AI could pose “catastrophic or existential risks to humanity”, according to reports, as it prepares for a potential $2tn (£1.5tn) flotation.The warning inside the startup’s IPO prospectus, which has yet to be made public, was reported by Reuters and the Financial Times. It follows the co
  
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• Cutting immigration to the UK means billions less for the Treasury. Can the country really afford that? | Zoe Williams

  29-09-2026 12:00 via theguardian.com
  ‘Taking back control’ turns out to be staggeringly expensive. That’s something to mull over as budget day approachesEvery 100,000 immigrants lost to the UK costs the treasury £7bn, according to the Office for Budget Responsibility. That figure is unsurprising if you’ve been concentrating at all – the calculation was made in 2024 – but at the same time completely staggering. Nobody ever says, “The chancellor’s going to be in trouble because of
  
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• Dale Vince plans London-wide news operation to take on ‘rightwing bias’ in the media

  29-09-2026 11:48 via theguardian.com
  Green energy entrepreneur plans rescue package for the group behind the Camden New Journal, Islington Tribune and Westminster ExtraThe green energy entrepreneur and Labour donor Dale Vince is planning to launch a London-wide news operation, as part of a “rescue” of one of the capital’s most highly regarded local newspapers.Vince, who has vowed to take on what he sees as rightwing bias in the UK media, said he would invest “whatever it takes” to support the loss-maki
  
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• On the rocks? Scotch distilleries pause production as unsold ‘whisky loch’ grows

  29-09-2026 11:01 via theguardian.com
  Demand for Scotland’s most famous export has slumped, with industry facing job cuts and closuresObscured by the Scottish countryside on the outskirts of Kirkcaldy, Cluny bond is, in effect, a small town built to store whisky. By the time the latest set of warehouses are finished on the former opencast coal mine, Diageo’s 220-hectare (544-acre) maturation campus will be able to store almost 3m casks of Scotch. The drinks multinational needs the space.After a 15-year boom turbocharged
  
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• RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% – video

  29-09-2026 08:45 via theguardian.com
  The Reserve Bank of Australia has raised its key interest rate to 4.6%, its highest level since 2011. RBA governor Michele Bullock says the global AI boom has 'driven significant price rises' and is contributing to demand in the Australian economy. In a statement accompanying the RBA's rate setting board's unanimous decision, it warned its fears about inflation are beginning to be realised and it is ready to lift interest rates againRBA interest rates: Reserve Bank hikes cash rate to 4.6%, the h
  
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