Economic news and events

Liz Truss received a surge in support as she battles it out against Penny Mordaunt to face Rishi Sunak in the Tory leadership election run-off...

The following is a summary of top news stories Tuesday.

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COMPANIES

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Novartis reported a drop in second-quarter income and a fall in sales...

UK grocery price inflation neared double-digits in recent weeks while supermarket sales nudged up for the first time in over a year, according to figures...

Furniture seller Made.com on Tuesday lowered guidance as UK consumers rein in spending and warned that it may need to raise additional financing.

The warning...

The UK unemployment rate remained unchanged in the three months to May, in line with market expectations, figures on Tuesday showed.

The jobless rate...

Former finance minister Rishi Sunak widened his lead in the latest round of voting Monday by Conservative MPs to decide Britain's next prime minister, but...

New UK Finance Minister Nadhim Zahawi on Tuesday will outline his plans to control inflation and ‘seize the opportunities of Brexit’, despite fears London is...

Rishi Sunak's place in the final two of the Tory leadership race looked increasingly secure on Monday, with Penny Mordaunt still clinging on to second...

Rishi Sunak remains the frontrunner after the third round of the Tory leadership contest, with Penny Mordaunt still in second place amid an increasingly bitter...

UK interest rates may have to rise to 2% or higher in the next year to rein in rocketing inflation and it is better to...