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Wednesday, September 26, 2018
Inflation is expected to have risen for the first time in ten months when official figures for April are published today. The Consumer Prices Index (CPI) measure of inflation is predicted to have rebounded to 1.8% after hitting a new...
Drugs giant Pfizer stepped up its pursuit of UK rival AstraZeneca by raising the value of its proposed takeover bid to more than £69 billion. The US company said the offer worth £55 a share was 15% more than its...
(London) Britain's booming housing market represents the "biggest risk" to the economic recovery, Bank of England Governor Mark Carney has warned. With approvals for large mortgages on the increase, Mr Carney expressed concern about the dangers of another "big debt...
(London) E.ON is to pay £12 million to vulnerable customers after it became the latest Big Six energy firm to be punished for mis-selling. The German-owned company also faces a bill of between £3 million and £8 million for compensating...
Under Russia's new legislation, Visa and MasterCard will have to pay $3 billion in ‘security fees’ to continue operating in Russia, more than five times higher than the companies combined revenues, a new Morgan Stanley report says. Under the new...
The Russian Finance Ministry believes moving away from international ratings agencies is just a question of time. Russia is eager to break the world monopoly of rating systems and create its own rating giants. “At Finance Ministry level we are...
Gazprombank transferred client funds from Belgium and Luxembourg back to home turf, to protect against any future sanctions. The securities were moved from Euroclear Bank (Brussels) and Clearstream Banking (Luxembourg) to the Russian Central Depository at the end of April. The...
(London) The Bank of England delivers its latest forecasts for the UK economy today, with any marked improvement likely to be seen as a signal that interest rates may increase earlier than expected. Experts have pencilled in a hike in...
Labour will challenge the Government to back a ban on expensive letting agent fees by forcing a vote on its plans in the Commons today. The Opposition has tabled an amendment to the Consumer Rights Bill aimed at tackling the...
(London) Business leaders have delivered a warning about overheating in the housing market, saying interest rates will need to rise early next year. In its regular assessment of UK plc's prospects, the Confederation of British Industry (CBI) raised its growth...

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