Business news

FirstGroup stays on track despite strikes and losing TransPennine fr...

The bus and rail group said it expects ‘broadly consistent’ earnings from its trains business in the year to next March.

A surprise rate hike from the RBA boosts the Australian dollar

At a time when inflation is cooling down in Europe and when the Federal Reserve of the United States thinks of pausing the rate hiking cycle, a surpri...

Turkish lira hits record lows at start of Erdogan’s new presidential...

The Turkish currency has weakened by around 20% since the start of the year.

World Bank offers dim outlook for the global economy

The bank’s latest Global Economic Prospects report, which it issued on Tuesday, marks an upgrade from its previous forecast in January.

SSE to pay £9.8m penalty for licence breach

Ofgem said SSE’s generation arm overcharged the electricity system operator to lower output from the Foyers pumped storage power station in Scotland.

UK ministers knock back call to include glass in Scottish deposit re...

UK ministers have knocked back demands for glass to be included in Scotland’s deposit return scheme.

Saudi Arabia cuts oil output by a million barrels a day to boost sag...

The announcement came on Sunday after a meeting of the alliance at OPEC headquarters in Vienna.

Opec+ producers consider more oil production cuts as prices slump

The 23-member group is meeting at Opec headquarters in Vienna after sending mixed signals about possible moves.

Opec+ producers consider more oil cuts as prices slump

The 23-member group is meeting at Opec headquarters in Vienna after sending mixed signals about possible moves.

AUD/USD forecast: signal for the week of 5th – 9th June

The AUD/USD exchange rate drifted downwards slightly after the strong American non-farm payroll (NFP) numbers. After peaking at 0.6641 this week, the...

Barclays, Lloyds, Halifax and Bank of Scotland announce 63 branch cl...

More and more customers are switching to online banking, reducing the need for branches to remain open

Europe sees inflation drop to 6.1% but real relief for consumers wil...

It is a welcome sign the explosion in price increases — which peaked in record double digits last October — is heading in the right direction.

Most and least expensive cities for first-time buyers revealed

Rightmove analysed 60 major urban locations across Britain to make the findings.

AUD/USD price forecast ahead of the monthly CPI release

Wednesday will be a big day for AUD/USD traders for at least two reasons. First, the monthly inflation report is due out. Second, Wednesday is the las...

4 events to impact financial markets this week and why should trader...

Today is Memorial Day in the United States, and most European banks are closed too. Therefore, liquidity in financial markets is thin, with little or...

Credit Suisse owes millions to Georgia’s ex-prime minister, court sa...

It is the latest scandal for the Swiss bank whose yearslong problems forced its takeover by a rival.

SSE announces plans to invest billions as operating profit rises

The FTSE 100 firm’s operating profit climbed to £2.53 billion and it announced plans that could see it invest up to £40 billion over the next decade.

Fashion tycoon named richest person in Scotland for second year runn...

Billionaire Anders Holch Povlsen has been named as the richest man in Scotland for the second year running, the Sunday Times Rich List revealed.

AUD/NZD forecast after the Australian jobs data and NZ budget

The AUD/NZD exchange rate dropped to a low of 1.0624, the lowest level since May 11 after the latest Australian jobs and New Zealand PPI data. It has...

Slender uptick for Scottish retail sales as inflation eats away at g...

In April, sales north of the border went up by just 0.3% last month once inflation was taken into account, the Scottish Retail Consortium said.