Industry warns Iran war spike to come as food inflation falls June 17, 2026 The surprise drop in food and drink inflation seen in May is likely to be short-lived, as the impacts of the war in Iran are due to take hold, leading industry figures to warn. The rate of inflation of food and non-alcoholic drinks fell from three per cent in April to 2.2 per cent in [...]
‘Fantasy land’: AO World boss blasts Labour over employment costs June 17, 2026 The boss of AO World has hit out at the government after it shifted hundreds of jobs to South Africa in a bid to dodge soaring employment costs. John Roberts, chief executive of the electrical retailer, claimed the UK’s political class lives “in an economic fantasy land” and blasted Labour for forcing his company to [...]
Inflation stays below three per cent despite price warning June 17, 2026 Inflation has stayed below three per cent although economists are predicting further price increases later this year. The Office for National Statistics said inflation in the year to May was lower than economists expected with the consumer prices index (CPI) showing a reading of 2.8 per cent. Core inflation, which strips volatile energy and food [...]
Berg Finance 2021 DAC Expected to be Repaid on the July Payment Date June 16, 2026 KBRA UK (KBRA) expects to withdraw its ratings on Berg Finance 2021 DAC following the repayment of the notes, after an RIS notification published on 12 June 2026 indicated that the underlying Sirocco loan was repaid in full on the same date. The notes are expected to be repaid on the note payment date of [...]
KBRA Assigns Preliminary Ratings for RRE 30 Loan Management DAC June 16, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of Notes and two of Loan issued by RRE 30 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 30 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” [...]
More Big Four blues as Deloitte plans to slash UK audit roles June 16, 2026 Big Four giant Deloitte is seeking to cut nearly 200 jobs across its audit business in the UK, the latest in a series of cuts at the accountancy giants. The firm is offering voluntary redundancy packages to a number of employees in response to low levels of staff attrition in its audit practice. A Deloitte [...]
Moody’s Brings Its Decision-Grade Intelligence to Amazon Quick June 16, 2026 Moody’s Corporation (NYSE: MCO) today announced that its connected intelligence is now available in Amazon Quick – a personalized, proactive AI assistant – through a dedicated Model Context Protocol (MCP) server. The integration gives customers operating in Amazon Web Services (AWS) direct access to ratings and research from Moody’s Ratings, as well as Moody’s curated [...]
Bank of England should hold interest rates, City AM Shadow MPC says June 16, 2026 The Bank of England should hold interest rates as inflation could stay above three per cent for several months, top economists have said. City AM’s Shadow Monetary Policy Committee, a group of leading economists who have provided responses independently of their respective organisations, said interest rates should be kept at 3.75 per cent. Economists warned [...]
Usercentrics CMP and Cookiebot by Usercentrics Claim Extended G2 Leadership in Summer 2026 June 16, 2026 Cookiebot by Usercentrics Earns Enterprise Recognition for the First Time and Claims #1 in Cookie Tracking
Fuse boss attacks planning rules as a ‘self-imposed bottleneck for growth’ June 16, 2026 Alan Chang believes Britain’s energy crisis is largely self-inflicted. The founder of Fuse Energy, the $5bn (£3.72bn) energy supplier and infrastructure developer, argues that the UK already has the ingredients needed to drive investment in the sector. What it lacks, he says, is a planning system capable of turning that potential into projects. “There is [...]