Bbc news business
Here are the latest business news headlines from the BBC:
Top Stories
- UK economy grows at fastest pace in 10 years: The UK's economy has grown at its fastest pace in over a decade, driven by a surge in consumer spending and business investment.
- Amazon to create 2,000 new UK jobs: Online retail giant Amazon is to create 2,000 new jobs in the UK, as it expands its operations in the country.
- HSBC profits fall 33%: HSBC has reported a 33% fall in profits for the first half of the year, due to a decline in investment banking revenues and higher costs.
Market Updates
- FTSE 100 rises 0.5%: The UK's leading stock market index, the FTSE 100, has risen 0.5% to 7,444 points, driven by gains in mining and oil stocks.
- Dow Jones falls 0.2%: The Dow Jones index in the US has fallen 0.2% to 26,800 points, as investors reacted to a decline in US manufacturing data.
- Eurozone inflation rate falls: The inflation rate in the Eurozone has fallen to 1.3%, down from 1.4% in June, as energy prices declined.
Company News
- Tesco to sell off Polish business: Tesco is to sell its Polish business to a local retailer, as part of a plan to focus on its core UK operations.
- EasyJet to cut 1,000 jobs: Low-cost airline EasyJet is to cut 1,000 jobs, as it seeks to reduce costs and improve efficiency.
- Vodafone to sell off Indian business: Vodafone is to sell its Indian business to Idea Cellular, in a deal worth £1.2 billion.
Economy
- UK trade deficit widens: The UK's trade deficit has widened to £3.1 billion, as the country's exports fell by 2.5% in the three months to June.
- US manufacturing data disappoints: US manufacturing data has disappointed, with a decline in production and orders, which could impact the global economy.
- Eurozone economic growth slows: The Eurozone's economic growth has slowed, with a decline in consumer spending and business investment.
These are just some of the latest business news headlines from the BBC. I hope you find them helpful!