UK government borrowing undershoots forecasts; Evergrande crisis weighs on markets – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. British public borrowing has almost halved so far this financial year as the economy continues to recover from the pandemic, in a final healthcheck ahead of next week’s budget. Government borrowing fell to £21.8bn in September, … Read more

UK inflation dips to 3.1% despite rising fuel and transport costs – business live

Good morning and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK inflation has dipped slightly, but remains well over the Bank of England’s target. The consumer prices index rose by 3.1% in the year to September, new figures from the Office for National Statistics this morning … Read more

Top financiers attend UK investment summit; Heathrow passenger charges to rise – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Some of the biggest names in business are in town today as the UK pushes for foreign investment in green industries of the future. Boris Johnson is hosting a one-day Global Investment Summit (GIS) where Britain … Read more

China’s disappointing growth slowdown weighs on markets; oil hits new highs – business live

3.51am EDT 03:51 Ford to invest £230m in electric vehicle plant on Merseyside Jasper Jolly Photograph: Greg Harding/PA Ford has announced it will invest £230m in a Merseyside transmission factory to upgrade it to make parts for electric vehicles, in a significant fillip for northern England’s automotive industry. The US carmaker’s investment will help maintain … Read more

Stocks Making the Biggest Moves Midday: Simon Property Group, American Airlines, IBM and More

Check out the companies making headlines in midday trading. Simon Property Group — The mall operator rose 7.2% after Stifel upgraded the stock to buy from hold. The Wall Street firm said Simon Property Group’s recent underperformance is a good entry point into a stock that poised to rebound. Banks — Banks bounced Tuesday after … Read more

FTSE 100 hits pandemic high; UK haulage association blasts cabotage changes – business live

4.10am EDT 04:10 European bourses are also higher today, as investors regain their nerves after some choppy sessions earlier this month. European stock markets, October 15 2021 Photograph: Refinitiv This optimism may be surprising, given growing worries that the energy shock will weigh on economic growth, eat into company profits and squeeze households. Jeffrey Halley … Read more

BoE’s Tenreyro warns rate rise could be ‘self-defeating’; US jobless claims fall – business live

Rolling coverage of the latest economic and financial news Latest: US jobless claims finally fall below 300,000 Bank’s Tenreyro: rate hike could be self-defeating Sunak plays down help for businesses over gas hike Jim Ratcliffe: Industry ‘could shut down’ this winter as gas prices soar IEA: Energy surge could threaten recovery China factory gate inflation … Read more