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Chancellor meets UK supermarket bosses to discuss cost of living

Rachel Reeves will address concerns about price rises and shortages with retailers as energy costs surge

Two-thirds of UK hospitality businesses plan to cut jobs and one in seven will close, survey finds

Sector cites ‘billions of pounds in additional costs’ from new business rates and increase in minimum wage thresholds

US average fuel price passes $4 a gallon for first time in four years amid Iran war

Stocks rally after reports suggest Trump might end the war soon, saying ‘we’re not going to be there for too much longer’

Head of NHS England ‘really worried’ about medicine supplies

Jim Mackey responds to concerns about cost implications and supply disruption link to war against Iran

Investors tell Thames Water to ‘eat humble pie’ over failed takeover and open bids

CK Infrastructure says watchdog should intervene to let other firms bid after KKR pulled out

Unilever’s food mashup is hardly a delectable prospect for shareholders

This ‘growth-led separation’ is an awkward, sprawling deal, far from the clean break some may have wished for

Marmite maker Unilever agrees $44.8bn deal to combine food arm with McCormick

Core focus will be on beauty, personal care and home products after spinning off brands such as Hellmann’s and Pot Noodle

Centuries-old pottery firm Denby set to call in administrators

Almost 600 jobs could go amid higher cost of gas and labour and softening consumer demand

‘There’s no safe place here’: Kuwaiti tanker hit by Iranian drone attack in Dubai port

Dozens of other vessels leave area after drone strike causes fire onboard tanker owned by Kuwait’s state oil company

UK aviation regulator rejects Heathrow’s plans to significantly raise landing fees

Heathrow wanted changes to fund upgrade, but airlines warned cost increases would be passed on to passengers

Oil price jumps to $118 a barrel after Trump comments; cost of filling up family car with diesel passes £100 – as it happened

Full tank of petrol now costs £84, as drivers face more than £500m in higher fuel costs due to oil crisis

Energy bills in Great Britain forecast to hit almost £2,000 a year this summer

Consumers brace for ‘awful April’ and Iran war cost hikes, which have pushed UK’s gas market past three-year highs

Steel bosses warn ‘back door’ loophole in UK trade rules could lead to job cuts and closures

New measures will protect Tata and British Steel but allow foreign pre-made parts into the UK, say industry bosses

‘Something out of the ordinary’: why are Japan’s oysters dying en masse?

A death rate of up to 90%, attributed to warming seas, is threatening the trade in Hiroshima prefecture, which produces most of the country’s farmed oysters

Jim Chalmers claims removing card surcharges will ease cost-of-living pressures. But will you be better off?

The reforms announced by the Reserve Bank on Tuesday will have ripple effects across the whole payments system, experts say

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  • Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – business live
  • Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
  • Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade
  • ‘Picky bits’ on the menu as British shoppers snap up picnic food in heatwave
  • UK pay growth slows as job vacancies hit five-year low
  • Sports Direct owner Mike Ashley tightens hold on Hugo Boss
  • Student bank accounts: don’t be swayed by the freebies, freshers told
  • Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility
  • At least 109 BHP workers sexually harassed colleagues in a single year, mining company says
  • Top economists urge Burnham to sign UK up to UN initiative on global inequality
  • Ministers drop plan to relax affordable housing rules after negative response
  • Virgin Trains a step closer to running services to Europe in blow to Eurostar
  • European farmers face ‘unprecedented crisis’ after successive heatwaves
  • US gas prices reach highest ever recorded for August amid stalled talks with Iran
  • China’s economy showing signs that slowdown may be extending
  • Leading economies’ borrowing costs hit highest since 2008 crisis
  • Alarm raised over ‘privacy dilemma’ of facial recognition technology at Coles and Woolworths
  • Government borrowing costs hit multi-year highs as markets fear inflation, and oil and gas prices rise – as it happened
  • UK government ‘irresponsible’ for not publishing emergency drought plans
  • Sainsbury’s store pauses AI scanning after false shoplifting accusation
  • JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks
  • Thom Yorke, Romy and Brian Eno among 200 musicians urging PM to reject new North Sea drilling
  • Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
  • Are Microsoft’s AI plans being held back by a shortage of chips?
  • Summer jobs bounce back in UK thanks to busy calendar of sport and music
  • Water companies in England and Wales explore ‘surge pricing’ during drought
  • Interest rate dilemma for central banks as inflation rises but growth slows
  • ‘I see the incredible promise’: on set of an AI film shoot as new studios embrace controversial tech
  • ‘Why did it become personal?’: furore over plans to expand Kent oyster shack
  • Burnham urged to crack down on gig economy firms to protect 4m workers

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