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ECONOMY
House prices are still rising despite higher interest rates, Rics estate agents say
A lack of homes coming to the market is continuing to drive up house prices despite a slowdown in demand from buyers, according to estate agents. Enquiries from potential buyers fell 25 per cent in July compared to the same time last…
BUSINESS LIVE: Entain buys rival; Coca-Cola HBC €190m Russia hit
The FTSE 100 is down 0.5 per cent in afternoon trading. Among UK companies with reports and updates are Entain, Coca-Cola HBC, Antofagasta and M&G. Read the Thursday 11 August Business Live blog below.> If you are using our app or a…
Energy debt is three times higher than last September
Household energy debt has hit at an all-time high of £1.3billion – nearly three times higher than it was in September, new data shows. Six million households are already behind on their energy bills by more than £200 since Ofgem's…
M&G shares jump as client capital returns with £1.2bn of inflows
M&G has cheered a bounceback in investor flows, with clients depositing £1.2billion with the investment manager in the first six months of 2022.The volume of inflows represents a turnaround from withdrawals of £2billion 12 months…
Over 500k learners still waiting to sit driving tests as lockdown backlog remains
More than half a million learners are on still on a waiting list to sit their practical driving test as the push to clear the huge backlog built up during lockdowns has yet to be cleared, it has been revealed.As of the end of May, some…
Elon Musk sells £5.7bn of Tesla shares ahead of courtroom showdown over Twitter deal
Elon Musk has sold £5.7bn worth of his shares in Tesla ahead of a courtroom showdown with Twitter after backing out of a £35bn deal to buy the social media site.Musk, 51, said he did not plan to sell any more of his holdings in the electric…
Buoyant Aviva unveils another share buyback after bumper half-year results
Amanda Blanc was cheered by investors as Aviva vowed to return more money to shareholders after unveiling a bumper set of half-year results.The insurance and savings business promised to complete another share buyback, in a boost for its…
MARKET REPORT: Energy giants rocked by windfall tax hike fears
A chill ran through the boardrooms of Britain’s oil and gas companies as the Government hinted at plans to tighten its squeeze on their profits.Bosses of the big energy companies have been summoned to a meeting today by the Chancellor of…
Retail tycoon Mike Ashley splashes £1.3m on private jets
Jet-setter Mike Ashley spent £1.3million using a private jet and helicopter last year despite a troubling time for the High Street. Mike Ashley's Mash saw profits fall to just under £100m from £200m the year beforeThe aircraft is…
Wall Street stocks surge as US consumer inflation cools to 8.5%
US Stock markets roared after inflation data was lower than expected, raising hopes that price rises had peaked.The Dow Jones, a key index on Wall Street, surged 1.6 per cent to its highest level in two months after figures showed inflation…
