P&O Ferries hires tiny four-person accounting firm to replace KPMG Move raises questions over governance of ferry company and ‘auditor independence’ of accounting firm
Credit Suisse was ‘warned’ about Greensill three years before firm collapsed Anonymous messages questioned judgment of senior managers in dealing with Greensill, says Swiss regulator
Does Labour’s spending review signal a return to austerity? Rachel Reeves is increasing overall budgets after deep Tory cuts, but some departments face bigger spending cuts than others
Demob-happy IFS director tears into Rachel Reeves’s spending review Blistering analysis by outgoing chief concludes chancellor likely to end up ‘gnat’s whisker’ away from tax rises
Dollar slides to three-year low while FTSE 100 hits record high Investors turn away from weakening US economy and erratic policy after Trump repeats tariff threats
First crash of Boeing’s 787 model comes weeks after $1.1bn 737 Max payout Air India tragedy comes after Boeing agreed US justice department payment to avoid prosecution over 2018 and 2019 crashes
UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – as it happened UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped.. but FTSE 100 ends at new record close
Rogue imports of ‘Dubai chocolate’ may threaten Britons with allergies, FSA says Food Standards Agency says some bars of the pistachio-filled treat do not have reliable labels
UK politics: Reeves only a ‘gnat’s whisker’ from having to raise taxes in autumn, says IFS – as it happened Institute for Fiscal Studies says Treasury figures for projected efficiency savings are not credible
Newly formed VodafoneThree vows to create thousands of jobs Company aims to more than double its broadband business by 2034 as it upgrades network
BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker Dolphin Surf will start at £18,650 – among the cheapest new vehicles on sale in Britain
Upmarket Finest range helps lift Tesco sales amid UK ‘home dining boom’ Sales of own-brand line jump 18% in first quarter, which may be reaction to high restaurant prices, say analysts
Britain on track to become a ‘National Health State’, says thinktank Resolution Foundation says half of all public spending will be allocated to the NHS and social care by the end of the decade
UK economy shrinks by 0.3% as firms hit by tax rises and Trump trade war Worse than forecast April GDP data shows challenge facing Rachel Reeves to kickstart growth to fund spending review