Finance

854
Court of Appeal rejects challenge to London Metal Exchange nickel ruling
Commodity trader Elliott previously said the LME’s decision to suspend and cancel nickel trades in March 2022 caused it to lose millions in profit.
719
British food companies lobbied to delay the £1.7 billion plastic packaging tax, as revealed by documents
New scheme to improve recycling rates and tackle pollution was pushed back by Tories after industry complaints
828
NatWest, RBS, and Ulster Bank have experienced outages, leaving Brits unable to access their money through mobile banking
Several banks, including NatWest, Royal Bank of Scotland and Ulster Bank, are all experiencing web outages according to DownDetector and customers can’t access their money as a result
911
Unresolved water complaints in England and Wales have reached a near-decade high
Customer disputes over sewage spills, billing mistakes and water meters soar in past year
948
Co-op bank app and website down with customers reporting issues
Co-operative Bank’s mobile app and online banking are down, driving customers to vent frustration on social media.
574
Monitoring UK bank accounts for benefits fraud would deal a "significant blow to privacy"
Privacy and rights groups fear government may resurrect Tory plan for mass algorithmic surveillance
887
Thames Water may be prevented from securing new debt financing next week
Troubled firm has until 7 October to agree to extension, according to holding company accounts
841
DWP shares new update for those needing to claim the £300 Winter Fuel Payment
Earlier this year, the new Labour Government means-tested the DWP benefit so instead of all pensioners over the age of 66 getting between £100 and £300 in support for energy costs this winter only those claiming certain benefits will
785
Sainsbury’s in the UK sells its cash machine business
British supermarket group Sainsbury’s (SBRY.L), opens new tab said it has sold its cash machine operation in a further move to simplify its banking business and reduce costs.
788
Theft and fraud cost the Co-op Group nearly £40 million in just six months
To clamp down on stealing, Co-op began trailing AI theft detection technology. The company’s interim results also said it will open 120 new shops by the end of next year.
844
Dulux owner AkzoNobel has announced plans to cut 2,000 jobs globally
Dutch group has not said how many of its 3,500 employees in the UK and Ireland will be affected
898
Amazon, Tesla, and Meta are among the world’s top companies undermining democracy, according to a report
Corporations such as ExxonMobil and Blackstone also big funders of climate crisis, new trade union report finds
750
Figures reveal that fifty pubs per month closed during the first half of the year in England and Wales
Number of pubs open fell to 39,096 by end of June and experts say tax rises in 2025 could result in more closures
874
MPs received over £700,000 in free gifts and hospitality last year
Furore over freebies like tickets to Taylor Swift concerts and football games has led to calls for reform to MPs’ gift declarations and an overhaul of the ministerial code
792
Over 2,000 jobs have been cut as UK prison construction company ISG collapses
Administrators EY confirm construction company, involved in 69 live government projects, has ceased trading
843
More UK employers are planning to reduce pay increases for 2025, according to an IDR survey
British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation pressures in the economy are easing.
748
UK companies say that the packaging tax will increase the price of many everyday items
The cost of soft drinks, beer, and kettles is expected to rise due to a scheme that transfers recycling fees to producers.
761
Next warns of potential store closures following £30 million legal defeat
High street giant Next is facing an uncertain future — it’s warned of possible store closures after losing a landmark £30 million legal case over equal pay.
792
Campaigners estimate that taxing superyachts and private jets could raise £2 billion annually
Oxfam says ‘commonsense solution’ would reduce emissions and raise urgently needed climate finance
634
DWP benefit claimants warned ’apply within three months’ to ’avoid disruption’ to payments
The DWP is contacting everyone who is being moved over to Universal Credit in stages - and when it is your turn, you’ll receive a letter in the post known as a ’migration notice’
844
HMRC warning issued to state pensioners who could get an unexpected bill
The warning has come as hundreds of thousands of pensioners across the country could be at risk of receiving a bill from the government tax department next year
1279
Harland and Wolff finance chief resigns
Another board member has resigned from Harland and Wolff, the troubled Belfast shipbuilder.
884
Canary Wharf owners’ credit rating downgraded further into ’junk’ status
Further downgrade prompted concerns about debts as firm struggles to attract workers back after the pandemic
666
Millions of pensioners will lose their winter fuel payments
Millions of pensioners are set to lose winter fuel payments this year after an attempt to block the cuts failed in Parliament.
812
’Bleak’ September forecast with 6,000 steel and oil jobs set to be cut
The government warns of a "grim" September, with up to 6,000 jobs expected to be cut in steel and oil refining, according to the BBC.