Higher inflation has hit household budgets and dented the key driver of UK GDP growth, consumer spending. Photograph: Dominic Lipinski/PA Wire/PA Images.
The UK housing market appears to be 'moving sideways' mortgage lenders have said, as latest figures show a drop in borrowing.
Petrofac has suspended its chief operating officer and barred all contact between its chief executive and external agents, as a criminal probe into suspected bribery, corruption and money laundering deepens.
The company said Charles Rolls sold the shares due to "significant institutional demand" but its share price dropped on the news.
Wizz Air, the budget airline, said on Thursday that demand for travel to and from UK had remained strong since the Brexit vote as it outlined ambitious growth plans following “challenging conditions” in 2016-17.