GSK invests £400m to move research centre to Cambridge as Burnham praises ‘vote of confidence’ in UK – as it happened Rolling coverage of the latest economic and financial news
Qantas plane flies for more than 24 hours in record-breaking flight The A350 landed in Toulouse 24 hours and 24 minutes after leaving Melbourne as airline plans direct London service
Banks charged mortgage holders $55m in extra interest after offset account errors, Asic finds Australian banks ‘not getting the basics right’, regulator says after review of more than 200,000 home loans
Ex-FCC officials warn agency sending ‘chilling message’ with ABC license review Ex-officials ask FCC to reject petitions to deny renewal of broadcast licenses for eight stations owned by ABC
GSK to cut jobs amid £1.9bn cost-cutting plan and bid for faster drug development Pharmaceuticals company is investing £400m in UK life sciences and moving scientists to new Cambridge R&D site
Marmite and Dove owner Unilever warns of price rises due to growing costs Consumer goods group reports strong sales growth, owing in part to World Cup marketing campaigns
ICE-linked security firm reports UK revenue slump after asylum contract ends MTC provided security at heavily criticised Manston centre in Kent – and could now make £500m managing arrivals at site
Burnham urged to increase tax on banks as Barclays’ profits soar TUC says lender ‘can easily afford to pay more tax’ as it increases half-year bonus pool by nearly 30%
Blow to NHS as Royal Mail raises prices for bulk users by a third Average 25% increase for letters such as marketing, bills and medical appointment notices from 5 October
Burnham is taking a bold risk by busting the big lie of politics – that change is impossible Unequal capitalist societies survive on the premise that certain things are inevitable. Admit that these are political choices, and who knows what voters will demand, asks Guardian columnist Frances Ryan
Cottage pie and glass of red, anyone? Britons shun salad despite heat in ‘reverse comfort eating’ Nostalgic foods like toad-in-the-hole also in demand at Waitrose as people pivot towards familiarity amid climatic and political upheaval
Train drivers in Great Britain consider strike action over lack of toilets Unions say basic needs still not being met a year after regulator told operators to improve facilities
Oil prices fall as US pauses strikes on Iran over strait of Hormuz Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall
Cracker Barrel CEO to step down after overseeing logo backlash last year Julie Masino faced criticism as restaurant chain was called ‘woke’ and ‘soulless’ after unveiling modernized logo
Private equity finds soft takeover targets in London – yet again Offer for DCC Energy leaves total of completed or agreed deals within FTSE 100 this year at five, but has Westminster noticed?