Thames Water has said it could be blocked from raising new debt as early as next week, as the struggling water company fights for its survival. The debt-laden company, which is facing the prospect of a temporary nationalisation if it collapses, has until 7 October to agree an extension to much-needed financing, according to accounts…
The owner of Vauxhall, Fiat and Peugeot has issued a profit warning, blaming a hit to sales from a deterioration in the global automotive market and increased competition from Chinese rivals. Stellantis shares plunged by 14% on Monday after it said it expected profit margins to be between 5.5% and 7% for the year, down…
Mike Ashley’s Frasers Group has filed a possible £83m offer to buy the luxury brand Mulberry as it expressed concerns about the future of the British handbag maker. Frasers – the owner of Sports Direct, Evans Cycles, the House of Fraser department stores, the luxury streetwear chain Flannels and multiple brands from Slazenger to Jack…
Kamala Harris in Pittsburgh last week. Photograph: Kevin Lamarque/Reuters Kamala Harris in Pittsburgh last week. Photograph: Kevin Lamarque/Reuters The economy is one of the election’s major issues – but do you know which policy was put forth by which candidate? 1.Which candidate has proposed a federal ban on price-gouging food and groceries? Trump Harris Both…
Nicola Gobbo was a young and vulnerable barrister “looking for a way out” of dealing with gangland clients, such as Tony Mokbel, when police saw an opportunity, her lawyers claim. At 25 years old, the youngest woman in Victoria to sign the bar roll suddenly found herself “neck deep” in the underworld and feared for…
Key events Show key events only Please turn on JavaScript to use this feature Here’s a map from ORF showing which parties came first in each Austrian municipality. Austrian election 2024 Photograph: ORF Austrian media is noting this morning the geographic differences in the far-right’s performance yesterday. The far-right did especially well in rural areas…
A venue in Lincoln has apologised for the treatment of some male attendees at a planned concert by the Last Dinner Party – which the band ultimately cancelled shortly before show time due to illness. On X, one man wrote that on arriving at the Engine Shed, he was “funnelled into a dark corner with…
Introduction: Fastest annual UK house price growth in two years Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. We start the week with news that UK house prices have risen at their fastest pace since the aftermath of the mini-budget two years ago. Lender Nationwide has…
UK house prices are growing at their fastest annual rate for nearly two years as borrowing costs continue to fall on expectations that the Bank of England will keep cutting interest rates, Nationwide has said. The building society said prices grew by 3.2% in September compared with the same month last year, well above the…
Nadhim Zahawi instructed his lawyer to threaten legal action against a tax campaigner who helped reveal that the then chancellor was under investigation by HM Revenue and Customs, according to a tribunal document. Zahawi’s solicitor, Ashley Hurst, is accused of breaching his regulator’s code of conduct by attempting to prevent Dan Neidle from publishing correspondence…
