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Wednesday newspaper round-up: Oil prices, IPO market, Tony Blair

Rishi Sunak is facing a fresh setback to his target of halving inflation as oil prices hit $95 for the first time this year. The price of Brent crude closed in on $96 per barrel on Tuesday, the highest level since November 2022 as Russia and Saudi Arabia conspire to limit production and push up global costs. Inflation figures published on Wednesday [today] are expected to show the first acceleration in consumer prices since February. Analysts have forecast a 7.1pc rise for August on the year, up...
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Tuesday newspaper round-up: Electric cars, supermarkets, HS2, oil prices, Fed protests

Hopes for the mainstream adoption of electric cars have been punctured by figures revealing a fall of more than 11 per cent in the sale of zero-emission vehicles to private buyers. The Society of Motor Manufacturers and Traders has said that motorists are holding back from the switch because of continued uncertainty about whether a government ban on petrol and diesel cars will be enforced, the cost of electric vehicles, the cutting of financial incentives, and fears about the lack of a public re...
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Monday newspaper round-up: Rents,.Manufacturers, BAE Systems

Residential rents across Britain are rising at their fastest on record as high interest rates shut would-be buyers out of the property market. Monthly rental costs are on average 12 per cent higher than they were this time last year, up £140 to breach £1,300 for the first time, according to the estate agent Hamptons. Separate research from the property website Rightmove suggests that more than a third of homes for sale have had their asking prices reduced as vendors try to drum up de...
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Friday newspaper round-up: HS2, BP, flotations

The HS2 high-speed rail line is at risk of further cuts to its route north of Birmingham as the government considers whether it can afford high-cost projects in advance of the autumn budget. The project has been mired in fresh uncertainty after the prime minister’s spokesperson refused to guarantee on Thursday it would run to Manchester, after publication of a photographed document suggesting further cuts were under discussion. – Guardian
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Thursday newspaper round-up: Cash, ARM, EY

Households could save up to £400 a year on energy bills under a new means-tested scheme to insulate more than 300,000 of Great Britain’s draughtiest homes. The government is spending £1bn on grants for homes that have low energy efficiency ratings and are in lower council tax bands. – Guardian
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