Business

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‘I’d never seen anything like it’: how market turmoil sparked a pension fund selloff
Bank of England stepped in on Thursday to stabilise price of UK government bonds and avert a deeper crisis

Kalyeena Makortoff and Sarah Butler

29, Sep, 2022 @6:29 PM

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What’s Next for Britain? Simon Wolfson’s prediction isn’t cheery | Nils Pratley
Share price fell 13% after CEO’s warning worst is to come, but scale of uncertainty makes precise projections impossible

Nils Pratley

29, Sep, 2022 @6:15 PM

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Rationale behind abolition of 45p tax rate reflects failed ideology | Arun Advani, David Burgherr and Andy Summers
Figures show the cut to top tax rate will not reduce avoidance, bring people to the UK or make people work harder

Arun Advani, David Burgherr and Andy Summers

29, Sep, 2022 @2:42 PM

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40% of mortgage deals pulled since mini-budget; financial markets in turmoil – as it happened
Prime minister and Treasury secretary fail to restore investor confidence in series of interviews, as government bond yields rise and stock markets tumble

Julia Kollewe

29, Sep, 2022 @2:01 PM

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More than 40% of mortgages withdrawn as market reels after mini-budget
Lenders began pulling products on Monday as they struggled to price products amid financial uncertainty

Phillip Inman

29, Sep, 2022 @1:23 PM

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UK energy firms to assess oil rig security after Nord Stream pipeline leak
MI5, Royal Navy and RAF could be called upon to provide support for industry if situation escalates

Alex Lawson Energy correspondent

29, Sep, 2022 @12:17 PM

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FCA urges insurers to treat customers fairly amid cost of living squeeze
Financial Conduct Authority asks chief executives to avoid selling unnecessary products and add-ons

Alex Lawson

29, Sep, 2022 @11:35 AM

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Porsche shares rise on first trading day in €75bn stock market float
German carmaker Volkswagen lists 12.5% of Porsche shares to raise billions to invest in electric cars

Jasper Jolly

29, Sep, 2022 @11:28 AM

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Mark Carney accuses Truss government of undermining Bank of England
Former governor’s comments come after central bank forced into £65bn intervention to avert financial crisis

Kalyeena Makortoff Banking correspondent

29, Sep, 2022 @10:31 AM

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Sweden reports fourth Nord Stream pipeline leak
Reports say largest rupture is causing circle of bubbles at Baltic Sea surface of about 900 metres in diameter

Philip Oltermann in Berlin

29, Sep, 2022 @10:19 AM

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Next boss warns UK heading for ‘two cost of living crises’ as pound slumps
Simon Wolfson says currency crisis means inflation, which has soared because of energy prices, may be worse next year

Sarah Butler

29, Sep, 2022 @9:53 AM

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Amid rush to exit coal, AGL’s challenges are only just beginning
Energy retailer says it will need to find $20bn to meet its raised goal of adding 12 gigawatts of new wind and solar plants and storage by 2036

Peter Hannam

29, Sep, 2022 @9:28 AM

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