London24NEWS

BUSINESS LIVE: Revolution rejects Nightcap provide

Among the companies with reports and trading updates today are Revolution Bars Group, Victorian Plumbing, Bunzl, AstraZeneca, Intermediate Capital, and Edinburgh Investment Trust.

ECB rate cut forecast adds pressure on Bank of England

Interest rates in Europe are set to be cut next week, stepping up pressure on the Bank of England to follow suit.

Policymakers at the European Central Bank (ECB) are preparing to lower borrowing costs from a historic high when they meet on Thursday.

The most important factors when buying an EV are revealed

The most important factors drivers consider when it comes to choosing a new electric vehicle (EV) have been revealed in a new survey.

Price and range are the two purchasing factors new EV buyers prioritise the most, scoring 52 per cent and 45 per cent respectively in the poll from Direct Line EV Insurance.

Rachel Reeves vows to lead ‘most pro-growth Treasury’ in history

Shadow Chancellor Rachel Reeves will tomorrow promise to lead the ‘most pro-growth Treasury’ in history in a bid to attract business back to Britain.

In a speech to business leaders she will vow that a Labour government will give companies a ‘bedrock of stability’ in which to operate.

Will Labour reinstate the lifetime allowance?

Savers with large pensions are keen to know whether Labour plans to curb how much you can save for retirement without facing a tax penality.

The Tory Government abolished the old £1.073million lifetime allowance last year, but Labour said at the time the party would bring it back if elected.

ALEX BRUMMER: Copper displaces diamonds at Anglo American

Diamonds have been the core of Anglo American since the modern company was created by Ernest Oppenheimer nearly a century ago.

In an industry where brands stand for little, De Beers is the great exception.

Flora and Branston maker Princes Group sold to Italians in £700m deal

The British maker of Flora and Branston has been bought by an Italian food giant for £700million.

Liverpool-based Princes Group has been sold by Mitsubishi Corporation to Newlat Food.

Czech Sphinx will cut up to 1,000 Royal Mail jobs, union bosses warn

Union bosses have warned the ‘Czech Sphinx’ could press ahead with plans to cut up to 1,000 posties if he succeeds in his bid to buy Royal Mail.

The Communication Workers Union (CWU) is set to hold talks with the billionaire businessman Daniel Kretinsky in early June if a deal goes ahead.

The FTSE 100 Index opened at 8317.59

The pound at 8am was 1.2772 dollars compared to 1.2771 dollars at the previous close.