Next forecasts bigger profits after hot weather lifts sales
Next has thanked warmer weather for an “unexpected” boost in sales, leading the clothing retailer to raise its profit forecasts for the fourth time this year.
Economy
‘I feel invisible’: over-50s reveal harsh realities of trying to get a job
Readers describe feelings of rejection after submitting hundreds of applications but getting a handful of interviews
OpenAI reveals cases of ‘concerning’ AI behaviour as it announces new disclosure system
Model adopting ‘jailbreak-like instructions’ among cases as firm says it is introducing new way of tracking AI misalignment
Peers call for UK to enact tobacco-style ban on gambling advertising
The UK should introduce a ban on almost all gambling advertising to protect public health, a cross-party group of peers has urged, prompting fury from the lobby group for bookmakers and casinos.
BOJ preview September: 25 bps hike expected with hawkish outlook
It's going to be a busy week ahead, with plenty of important events to watch. Monday will bring inflation data from Canada and Tuesday will see the release of the U.K. claimant count change, average earnings index 3m/y,…
Interest rates hold expected but Bank of England facing tough choices
Policymakers at the Bank of England are expected to keep interest rates unchanged despite price rises accelerating due to the prolonged conflict in the Middle East.
Why Trump's hand-picked Fed chair defied him by raising interest rates
US interest rates have been raised for the first time in more than three years to 3.75%-4% from 3.5%-3.75% by the Federal Reserve. Fed Chair Kevin Warsh warned they could be increased further later this year in a bid to…
‘Made in Europe’ law threatens UK plans for reset with EU
The UK government’s EU reset summit will be delayed again unless the bloc agrees to discuss legislation that could lock British business out of parts of EU industry, government sources have said.
Watch: How will higher interest rates impact US consumers?
Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data …
US interest rates raised for first time in three years
US interest rates have been raised for the first time in more than three years and could be increased further in a bid to slow rising prices.
US Federal Reserve raises interest rates for the first time since 2023
The US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as the central bank continues to fight to tamp down inflation.
Reform-linked thinktank ‘to call for big tax cuts for the rich’
A thinktank linked to Nigel Farage’s Reform UK is preparing an influential policy plan that is reportedly going to call for substantial tax cuts for the rich.
Chancellor announces Bank of England appointments
David Craig and Paul Nowak are appointed to four-year terms until 31 August 2030. Hanneke Smits will begin her four-year term on 1 January 2027, until 31 December 2030. David Craig and Paul Nowak take up the positions v…
Henry Zeffman: Andy Burnham and his chancellor have a battle on their hands
Today's inflation figures underscore that the economy is the biggest challenge facing Andy Burnham.
Saudi Aramco targets half East-West pipeline capacity within days - Bloomberg
The global oil market is running out of safety nets. Prices are unlikely to fall below $100 per barrel anytime soon, analysts said, with traders increasingly pricing in a significant loss of regional supply as Saudi Ara…
Amazon to launch Ring ‘neighbourhood watch’ app in UK amid US privacy fears
Amazon’s doorbell camera maker Ring is to launch its Neighbours community app in the UK in an attempt to supplant neighbourhood WhatsApp or Facebook groups.
SEC Proposes Rescission of Shareholder Proposal Rule and Reforms to Proxy Solicitation Process
Welcome to the McGuireWoods Quarterly Securities & Capital Markets Update, a review of important securities law developments from the previous quarter that alerts readers to significant considerations for the upcoming r…
Sunderland gets its Kicks: Nissan to invest £170m to build new hybrid SUV
Nissan has said it will invest £170m to build a new SUV at its factory in Sunderland – but said the move was subject to the UK weakening its electric vehicle sales mandate.
Crypto firms get guidance on how the new regime applies
New FCA guidance will help firms understand how the law underpinning the UK's future cryptoasset regime applies to their business. It also sets out which activities may require FCA authorisation.
Petrol and diesel price rises push UK inflation higher
Rises in petrol, diesel and airfares pushed UK inflation up to its highest level in five months in the year to August.
The Global Story
WASHINGTON — The U.S. military hit targets in Iran on Tuesday and Tehran fired missiles and drones at various sites across the region in response as hostilities flare once again in an intermittent war that has lasted mo…
Mayors and other local leaders could be given powers to oversee water firms
Mayors and other local politicians could be given powers to oversee water companies under plans being considered by the UK government to bring utilities under greater public control.
‘If you’re building Frankenstein, stop’: JD Vance dismisses calls for AI regulation
The US vice-president has dismissed calls for global regulation of AI safety risks, telling companies creating the most advanced models: “If you’re building Frankenstein, stop.”
McLaren to build SUVs geared towards Formula One fans with children
McLaren is gearing up to build an SUV for the first time in its 63-year history, betting that the glamour of its all-conquering Formula One team can sell cars to wealthy fans who do not own its supercars.