Business

THE pound strengthened against the euro as inflation hit its highest level in five years, raising the chance of an interest rate hike in November, ahead of Bank of England Governor Mark Carney’s appearance before the Treasury Select Committee. Daily Express :: City and Business Feed

ONLINE retailer Asos is expected to report a surge in full-year sales as it was boosted by its strategy of international expansion. Daily Express :: City and Business Feed

THE pound mounted a recovery against the Australian dollar this morning, making tentative gains as the pairing rallied from a sharp drop at the end of last week’s session. Daily Express :: City and Business Feed

THE pound leapt against the euro as Theresa May jetted to Brussels to hold special Brexit talks with European Union president Jean-Claude Juncker and chief negotiator Michel Barnier, in the hope of breaking a Brexit deadlock. Daily Express :: City and Business Feed

SHAREHOLDERS are gearing up for a long-awaited trial this week as they seek £600million in damages from Lloyds Banking Group and five former executives over claims they were misled during the acquisition of HBOS. Daily Express :: City and Business Feed

THE pound has been an in-demand currency today, rising by 0.4 per cent against the euro and posting notable gains elsewhere. Daily Express :: City and Business Feed

VAUXHALL is cutting 400 jobs at its Ellesmere Port factory by the end of the year, the manufacturer has announce. Daily Express :: City and Business Feed

UNIVERSITIES generate almost £100 billion a year for the UK economy, according to a report. Daily Express :: City and Business Feed

LIDL UK has unveiled plans for a new warehouse in Peterborough in a move that will create 500 jobs. Daily Express :: City and Business Feed

BUSINESSES in England and Wales are bracing themselves for a £1.2 billion tax hike next year, while a staggering number of companies are being dragged to court for failing to keep up with climbing payments. Daily Express :: City and Business Feed