UK borrows less than expected in June but public finances remain a challenge
UK government borrowing in June was £16bn, slightly below forecasts, though analysts warn public finances remain fragile with debt at near-record levels relative to GDP.
Defence shares rise after Andy Burnham appoints John Healey as chancellor
Defence company shares surged after John Healey was appointed chancellor, with investors betting his previous advocacy for increased military spending will translate into action in his new role.
Wall Street is selling more rental homes, as buying ban takes effect
Institutional investors are selling single-family rental homes at accelerated rates following newly enacted legislation that bans purchases by those owning 350 or more properties, with listings more than doubling since early February.
Ozempic-maker Novo Nordisk accuses rival Eli Lilly of false advertising
Novo Nordisk sued rival Eli Lilly on Tuesday, accusing it of false advertising by comparing higher doses of its weight-loss drugs to lower doses of Novo’s products in marketing campaigns.
GM announces new gas-powered Cadillac vehicles amid EV pullback
General Motors announced plans to launch new gas-powered Cadillac vehicles beginning next spring, marking a continued retreat from its earlier all-electric vehicle strategy.
British Sugar could close Cantley factory on Norfolk Broads
British Sugar announced plans to close its Cantley factory in Norfolk, putting over 100 jobs at risk and affecting regional farming operations and transportation costs.