Lewes rail line to reopen in September as work under way to remove train
The East Sussex railway line on which a train derailed will reopen in September as crews continue to remove the carriages that left the track.
Economy
Specsavers pays £12m dividend to parent company after jump in earnings
Pre-tax profits rose at high street opticians to £429.7m in the year to February while sales rose 7% to £4.3bn
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank
The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below:
Founder of China’s Evergrande jailed for life after pleading guilty to fraud
The founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison and had all of his personal property confiscated.
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch
The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below:
Travelodge boss quits amid fallout over hotel chain’s security failings
Joanna Boydell steps down after widespread criticism over company’s handling of guest safety issues
Unregulated loan notes and mini-bonds: don't risk your savings on promises of high returns
We banned the marketing of speculative mini-bonds and loan notes to ordinary retail investors from 1 January 2021.
Consumers warned to beware of risky mini-bonds and loan notes
The FCA is warning consumers about the risks of investing in loan notes and mini-bonds issued by unregulated companies, after continuing to see people lose money in these high-risk investments.
Sales of trainers dive as cost of living pressures hit JD Sports performance
Sports fashion retailer JD has slashed its profit forecasts as cost-of-living pressures, fuelled by the US war on Iran, weighed on sales of trainers.
Oxfam ‘can’t guarantee future’ of charity shops as it also reviews warehouse business
Oxfam is reviewing the operations of its three warehouses in Batley, Bicester and Milton Keynes and says it “cannot give guarantees” on the future of its high street shops in a “difficult economic climate”.
US gross national debt tops $40tn for first time
US debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade.
Zuckerberg lied about concern for child safety, Meta whistleblower testifies at landmark trial
Meta has taken a “don’t ask, don’t tell” strategy when it comes to the safety of children on its social media platforms, according to a whistleblower who testified during a landmark trial against the company on Tuesday.…
FCA fines and bans former SVS Securities CEO
Mr Hadjigeorgiou was the former director and chief executive officer (CEO) of SVS Securities Plc (SVS), a discretionary fund manager.
US long-term borrowing costs ease after government steps in
Long-term borrowing costs in the US eased on Wednesday after the Treasury department announced it would buy back more debt.
Jaecoo owner Chery takes ‘next step’ in UK push with R&D centre
The Chinese carmaker behind the irreverently nicknamed “Temu Range Rover” is plotting further UK expansion with a major research and development centre in England.
Lewes derailment: images show track defect before incident on hottest day
Rail operators have apologised after a report into last Thursday’s derailment in East Sussex found a track defect on the approach to where the train derailed on the hottest day of the year so far.
British energy bills forecast to hit three-year high this winter
Expected quarterly price cap rise of 4% likely to wipe out benefits of Andy Burnham’s VAT cut on electricity bills
US treasury doubles debt buyback to steady bond market amid inflation fears
The US treasury is doubling its buyback of government debt in an effort to balance out the bond market as officials at the US Federal Reserve remain divided over how to deal with high inflation.
Inflation is heating up but don't expect another crisis
The fallout from the war in Iran cranked up the heat on households last month as energy bills rose - how uncomfortable could inflation get from here?
Labour ‘could lose up to 50 seats’ to Greens if new drilling in North Sea approved
Greens say analysis shows government failure to take bold climate action could lead to big gains for party at election
Dog food recalled after reports of pets losing their sight
A dog food brand has recalled all of its fresh meals after reports that a recipe change may have caused some animals to develop an eye condition that, if left untreated, can lead to sight loss.
FOMC minutes ahead; Target, Analog Devices to report - what’s moving markets
The upcoming week’s U.S. financial focus centers on the July FOMC meeting minutes, key macroeconomic data including industrial production and preliminary August PMIs, and major corporate earnings reports. The Fed minute…
Hormuz shipping traffic slows as Iran war uncertainty persists - Reuters
An Iranian lawmaker said Tehran would respond in kind if the US used a nuclear weapon against Iran, commenting on a media report about the possibility of such an attack, according to local media on Wednesday.
Jump in energy bills drives UK inflation to highest rate for four months
Higher energy bills drove UK inflation up to 2.9% in the year to July, the highest level in four months, according to new figures.