Shares in ASOS and Boohoo plunge as cost of living crisis drives surge in returns
Shares in the online fashion retailers ASOS and Boohoo have taken sharp dives after both revealed...
Regulator warns banks and credit providers over treatment of customers during cost of living crisis
The City watchdog has fired a warning shot across the bows of banks and other lenders,...
Pace of food inflation to accelerate over summer and persist, industry body warns
A food industry research body has warned that grocery inflation is due to accelerate over the...
UK heading for recession, former chancellor Lord Hammond warns
The UK is heading for a recession, Lord Hammond has warned, saying "all the data points...
US interest rates increase by 0.75% – the sharpest rise in nearly 30 years
The US central bank has increased interest rates by 0.75% to combat inflation - the sharpest...
TfL funding crisis deepens with fresh row over pensions reform
The long-running impasse over the financing of London’s public transport system has deepened just days before...
Royal Mail issues union plea as costs crisis keeps prices ‘under review’
The boss of Royal Mail has told Sky News it is keeping prices "under review" as...
Airlines face further pressure over cancellations as one company benefits from the chaos
As airlines are told they must have "deliverable" schedules in a bid to avoid a repeat...
Pound falls to lowest level since COVID crash
The pound has fallen to its lowest level against the dollar since the onset of the...
Government keeps coal power station open to boost security, in spite of lobbying to ‘consign coal to history’
The British government has extended the life of a Yorkshire coal power plant in a bid...
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