Tread carefully with reform of bank ringfencing, chancellor Ditching the regulation in its entirety risks another financial crisis. Stamp duty on shares remains the background drag
JP Morgan chief defends independence of Fed chair amid Trump attacks Jamie Dimon cautions against interference as treasury secretary says process to replace Jerome Powell has begun
Reeves says rules and red tape are ‘boot on the neck’ of business At the Mansion House dinner she calls for regulators to allow more risk to clear the way for economic growth
BAE Systems says it is ‘confident’ of receiving orders for Typhoon jets Unite union had raised concerns over roughly 500 jobs in assembly lines due to a lack of future export orders
Workers at Hinkley Point C nuclear plant stage wildcat strike over alleged bullying Hundreds of mechanical engineers stopped work in protest over ‘management practices’ at construction site
FTSE 100 breaks 9,000-point barrier to reach new high London’s blue-chip index has risen 10% in 2025 helped by investor flight from US stocks amid Trump’s trade policies
FTSE 100 share index hits 9,000 points for the first time; US inflation rate rises to 2.7% – as it happened London stock market hits new peak, Thames Water reports £1.6bn loss, and Rachel Reeves outlines ‘Leeds reforms’ for financial services
US inflation rose in June as Trump’s tariffs start to show in prices Inflation remains far below the peaks seen three years ago, when price increases reached as high as 9%
Elon Musk’s Grok chatbot melts down – and then wins a military contract It was a week of lows and highs for the tech billionaire after the CEO of X resigned and its AI chatbot declared itself a super-Nazi – followed by scoring a contract of up to $200m
Reeves unveils City strategy aimed at cutting red tape and fuelling UK growth ‘Leeds Reforms’ include streamlined accountability for senior bankers and a campaign to get more consumers investing in stock market
Thames Water warns nationalisation is likely if emergency creditor talks fall Company slumps to a £1.6bn annual loss as it blames rainfall for rise in pollution incidents
Starbucks tells corporate staff in US and Canada to work in office at least four days a week Seattle-based coffee chain offers payment to those who choose to quit instead as it seeks to ‘re-establish in-office culture’
Thousands of vehicles sit idle at EU port as Trump’s tariffs leave their mark Port of Antwerp-Bruges figures show 15.9% drop in export of cars, vans, trucks and tractors to US
Fear of being ordered back to office affecting UK staff wellbeing, poll finds Exclusive: More than a third of employees surveyed say stories about firms hardening stance have had impact
To hoard or not to hoard? UK consumers on the pros and cons of cash Events such as the Iberian power blackout have led some to go back to physical money, but others are not convinced