HSBC Says Bank of England Unlikely to Cut Rates Before April 2026 as Inflation Persists
Bank forecasts a pause in rate cuts amid ‘more acute’ price rises and a hawkish shift among policymakers, a setback for borrowers.
Business & Markets News
Industry chiefs urge Chancellor to rule out pension tax changes ahead of November Budget
Phoenix Group chief warns speculation about raids on retirement savings risks undermining saver confidence as ministers weigh options to close a large fiscal gap
Pret A Manger warns higher costs and tax rise are putting hospitality under 'intense strains'
Chief executive says National Insurance increase cost Pret £15m as sales slipped and retailers urge caution ahead of the Christmas trading period
Beaverbrooks reports fall in sales and profits as rising costs bite
Family-owned jeweller's revenue slips 3% to £217.3m and pre-tax profit falls 20% amid higher wages and National Insurance costs
Wayfair launches 48-hour sale with discounts up to 78% on rugs, furniture and outdoor sets
Limited-time event runs through Sept. 10 with steep markdowns across bedroom, living room, outdoor and decor categories, Fox News reports
Murdoch Family Reaches Succession Deal, Handing Lachlan Control and Cementing Conservative Tilt
Agreement removes three siblings as beneficiaries, securing future direction of Fox News, The Wall Street Journal and The New York Post
McDonald’s Brings Back Extra Value Meals With Eight Combo Options to Cut Costs
Limited-time promotion returns Sept. 8 with combos priced about 15% below separate items as the chain seeks to boost traffic amid inflation-driven slowdown
Walmart drops fresh weekly deals across electronics, home and more
Retailer’s online sale includes TVs, iPads, vacuums, air conditioners and outdoor gear, according to a New York Post roundup.
Conservative Group Files Complaint Alleging Port Authority Favored Minority-Owned Firms, Allowed Overbids
America First Legal says Port Authority reserved 20% of contracts for MBEs and allowed price preferences up to 10%, warning federal funding could be at risk.