Business
Business news live – Pound climbs against the dollar, FTSE 100 hits new record high
House prices on the rise again – but one property type is bucking the trend
Nationwide data shows prices are up 0.5 per cent month to month, keeping annual prices rising at 2.2 per cent.
But the statistics show there are major differences in price changes between the north and south of the UK, as well as in the property type.
Semi-detached properties rose 3.4 per cent over the last 12 months, while detached (2.5 per cent) and terraced (2.4 per cent) saw slightly slower price rises. The cost of flats continues to decline, seeing average prices fall by 0.3 per cent.
Karl Matchett1 October 2025 16:00
Business and Money live – 1 October
Morning all, new economic data this week continues to paint a general picture of slow, perhaps grudging, growth in multiple areas – but not manufacturing.
We saw in GDP data that it had been hit in the second quarter and more numbers today back that up.
Karl Matchett1 October 2025 10:50
Manufacturing falls in ‘worrying news’ for industry
The latest data on UK manufacturing PMI from S&P shows a September slowdown, hot on the heels of ONS’ data showing the sector fell in the second three months of the year.
Rob Dobson, director at S&P Global Market Intelligence, said: “The final Manufacturing PMI results provide further worrying news for the health of UK industry.”
Commenting on what it might mean going forward, Mike Thornton, head of industrials at RSM UK, said: “The latest fall in manufacturing activity in September was another blow for the sector, showing a continued downward trend rather than a seasonal dip in August.
“The output index has dropped to 45.7, the lowest level since March, signalling a sharp slowdown in production levels as weak demand, falling new orders and subdued export activity continue to weigh heavily on the sector.
“This sustained contraction suggests manufacturers are scaling back operations to mitigate deteriorating market conditions, with little sign of a rebound in the short term. Businesses should therefore expect a stagnant outlook for the remainder of the year.”
Karl Matchett1 October 2025 10:58
UK business confidence plunges to lowest level on record
Business confidence slumped to its lowest level on record last month amid concerns over soaring costs, according to a new survey of company bosses.
Data from the Institute of Directors (IoD) showed that firms said higher labour costs has been the biggest contributor to growing pessimism about the economy.
The industry group’s monthly economic confidence index, which measures business leader optimism about the prospects of the UK economy, posted a minus 74 reading for September.
It marked a significant decline from minus 61 and struck the lowest level since the index was launched more than nine years ago.
Karl Matchett1 October 2025 11:02
Pound strengthens against the dollar after government shutdown
The US government is now in shutdown, with the two parties not managing to agree a funding plan.
While stock markets have generally not reacted too much to this outcome – futures show the S&P 500 down about 0.5 per cent – the dollar has weakened further.
That means you are right now getting more for your money if you are heading to the US.
£1 is now $1.3465, up almost 0.2 per cent today.
It was slightly higher earlier and we can expect a little more movement across the day.
At the start of the year it was $1.2521 – it’s up more than 7.3 per cent since then.
Karl Matchett1 October 2025 11:20
FTSE 100 surges to new record high
The City is cheering new FTSE 100 highs today, as the benchmark index topped 9,400 points for the first time ever.
After rising 0.7 per cent this morning, it’s currently around 9,414 points.
The highest risers include pharma trio AstraZeneca (up 6.1%), Hikma (3.6%) and GSK (2.5%).
“AstraZeneca, Hikma and GSK rallied after Donald Trump announced plans to launch a government-run website for consumers to buy drugs directly from manufacturers. It looks like investors are regaining confidence in the pharma sector following recent uncertainty around pricing and tariffs. More clarity on both points is helping to regain investors’ interest,” explained Russ Mould, investment director at AJ Bell.
Karl Matchett1 October 2025 11:40
Greggs sales growth cools after July heatwave deters consumers
Greggs has revealed its sales rose in recent months but blamed unusually hot July weather and a tough consumer backdrop for a slowdown in growth.
The high street bakery chain, with 2,675 shops in the UK, has continued to expand its sprawling estate across the country.
It reported a 6.1% increase in sales over the third quarter of 2025, compared with the same period a year ago.
On a like-for-like basis, which strips out the impact of new shop openings, sales growth across company-managed shops slowed to 1.5% year on year.
Karl Matchett1 October 2025 12:00
Key deadline approaching if you have a side hustle
Another reminder that 5 October is fast approaching – and that’s the deadline to register for self assessment if you have a side hustle and your income from it is beyond £1000.
To put that in perspective if you’re on Vinted, eBay and anywhere else – that’s only an average of £20 a week means you surpass that threshold.
Kate Steere, money expert at Finder, said: “Side hustles are becoming increasingly popular as household budgets are squeezed by inflation, but many people don’t realise they could be liable for tax even if they’re earning a relatively small amount on the side each month. All it takes is earning more than £80 a month, and you’ve exceeded the £1,000 yearly limit.
“If you’re in this boat, while you don’t need to submit your tax return until the end of January, you do need to register for Self Assessment before 5 October.
“Miss this, and you could face a failure-to-notify penalty. While you’re at it, why not give your future self a break by opening a dedicated business account? Separating your personal finances from your side hustle income will make the whole process that much smoother when it comes to filing your tax return.”
Karl Matchett1 October 2025 12:20
Young adults turn to TikTok more than uni for financial information
Credit card firm Aqua have released results of a survey of 500 young adults (18-24 year olds) and, while a small sample size, the results are eye opening.
The top financial lessons they wish they’d known earlier are ‘how to invest’ (21%), ‘how to budget’ (19%) and detail around what credit scores mean (18%).
Perhaps more notable is where they are going for this.
18-24-year-olds are more likely to turn to TikTok (22.2%) than to their university (15.8%) for financial guidance, reads the report.
Good that they are going out and trying to find the information, of course, but be wary on social media – there’s a lot of misinformed or outright incorrect stuff on there.
Always ensure you’re using reputable accounts, persons or companies if that’s where you go for info.
Aqua’s Sharvan Selvam said: “These results show that many young people feel underprepared when it comes to managing their money, especially around credit and budgeting. It’s worrying to see such high levels of stress around finances at such a formative stage in life, and it highlights the need for more practical, accessible guidance.”
Karl Matchett1 October 2025 12:40
Royal Mail to take over thousands of UK convenience stores
International Distribution Services (IDS), the firm which owns the postal service, has concluded a purchase of 49 per cent of shares in parcel company Collect+, with part of the deal meaning about 8,000 stores will now be branded Royal Mail.
It means high street stores will sell postage over the counter and customers can pay bills in person rather than only online.
The deal, which is worth £43.9m, will also see self-service kiosks installed in some shops next year, extended opening hours including weekends and evenings – plus retaining the normal operations of Collect+, which include sending and returning parcels from other carriers.
Karl Matchett1 October 2025 13:00
Business
The NBA doesn’t just want to build a European basketball league — it wants to revolutionize the international pro game
Business
Major UK supermarket to stop selling mackerel in coming weeks
Waitrose is set to remove mackerel from its shelves amid escalating concerns over unsustainable fishing practices.
The retailer said that it is the first major UK supermarket to suspend sourcing of the popular fish.
It said that fresh, chilled, and frozen mackerel, primarily sourced from Scottish waters, will be unavailable to shoppers by 29 April. Tinned varieties will follow once the current stock is depleted.
Conservationists are welcoming the move and urging other supermarkets to follow suit.
The measure comes as governments have repeatedly failed to implement catch limits recommended by scientists, jeopardising the long-term viability of mackerel stocks.
The International Council for Exploration of the Sea (ICES) has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels.
With the stock consistently fished above sustainable thresholds, this translates to a 77 per cent cut on the 755,143 tonnes scientists estimated would be caught in 2025.
Overfishing has resulted in depleting mackerel stocks in the north-east Atlantic, with Ices saying the species, and the wider fishing industry, could face long-term risks unless countries stick to recommended catch limits.
Waitrose said the decision in December by four of the coastal states which fish mackerel to cut catches by 48 per cent was a step forward, but did not meet Ices advice.
North-east Atlantic mackerel will no longer meet the supermarket’s responsible sourcing requirements in line with the Sustainable Seafood Coalition codes of conduct, the retailer said.
Jake Pickering, head of agriculture, aquaculture and fisheries at Waitrose, said: “By suspending sourcing of mackerel at Waitrose we are reinforcing our ethical and sustainable business commitments, acting to tackle overfishing and protect the long-term health of our oceans and this crucial fish.
“Our customers trust us to source responsibly, and we are closely monitoring the fishery.
“We look forward to bringing mackerel back to our shelves once it meets our high sourcing standards.”
As alternatives, Waitrose is launching a new range of fish products including hot smoked herring, hot smoked peppered herring and hot smoked sweetcure seabass, all of which are Marine Stewardship Council (MSC) certified.
The retailer said it would also introduce MSC-certified frozen sardines from May as a sustainable replacement for frozen mackerel, and plans to become the first retailer to sell 100 per cent MSC tinned sardines.
Waitrose said it would maintain its relationship with its mackerel suppliers and its new supply of herring, seabass, sardines and trout will be sourced through current supplier partnerships.
But there is currently no predetermined time-frame as to when Waitrose will start sourcing mackerel again.
Marija Rompani, director of ethics and sustainability at the John Lewis Partnership, said: “We believe sustainable food production must balance climate action, nature protection and responsible fish sourcing is fundamental to protecting our oceans.
“We will continue to work closely with suppliers and industry partners to support the recovery and responsible management of fish stocks.”
Charles Clover, co-founder of conservation charity Blue Marine Foundation, said mackerel – one of the largest remaining commercial fish stocks in the north-east Atlantic – had declined 75 per cent in the last 10 years because fishing nations, including the UK, had overfished it.
“They have put too little effort into the task of reaching agreement on a sharing arrangement – and some countries have been awarding themselves more quota than is justified by science,” he said.
“This crisis has been ignored for too long.
“We hope that this action by Waitrose sends it to the top of the political agenda. We call on other retailers to follow Waitrose’s example.”
Business
If Your Salary Never Lasts Till Month-End, These 5 Mistakes Might Be Why
The arrival of a salary credit message at the beginning of the month often brings a sense of relief and optimism, with many planning to save money or make long-delayed purchases. However, for a large number of salaried individuals, that confidence fades quickly as expenses begin to pile up. Rent, electricity bills, EMIs, online purchases, dining out and everyday spending gradually reduce bank balances, leaving many struggling by the third week of the month. (News18 Hindi)

Financial experts say that recurring cash shortages are often not caused by insufficient income but by poor money habits. Small and unnoticed mistakes in managing personal finances can gradually weaken long-term financial stability. The good news, experts note, is that these habits can be corrected with simple changes and better planning. (News18 Hindi)

1. One of the most common mistakes is the absence of a proper budget. Many people begin spending as soon as their salary is credited without deciding in advance how the money will be used. Without a clear spending plan, expenses tend to rise uncontrollably. Experts recommend allocating money for essential needs such as rent, groceries, utility bills and savings immediately after receiving a salary. Preparing a simple budget by listing fixed monthly expenses in a notebook or mobile app can help maintain financial discipline. (News18 Hindi)

2. Frequent small online purchases also contribute significantly to unnecessary spending. With doorstep deliveries and frequent discounts, cashback offers and flash sales, consumers often buy items that are not essential. While individual purchases may seem minor, repeated spending of a few hundred or thousand rupees can add up to a substantial amount by the end of the month. Financial planners advise clearly distinguishing between needs and wants before making purchases. (News18 Hindi)

3. Another major mistake is the absence of an emergency fund. Unexpected expenses such as medical bills, urgent travel or home repairs can disrupt monthly budgets. Without savings set aside for emergencies, many individuals rely on credit cards or loans, which can lead to debt and reduce the following month’s disposable income. Experts suggest building an emergency fund gradually, ideally covering at least three months of essential expenses. (News18 Hindi)

4. Saving only what remains at the end of the month is another common but ineffective approach. In most cases, little or no money is left after regular spending. Financial advisers recommend setting aside savings as soon as the salary is credited, a strategy often referred to as the “pay yourself first” principle. This method helps create a consistent saving habit. (News18 Hindi)

5. Spending to maintain a certain lifestyle is also a growing concern, particularly in the age of social media. The desire to match others’ lifestyles often leads to purchases such as expensive gadgets, branded clothing or frequent dining out, even when these expenses exceed one’s income. Experts warn that such spending patterns can increase financial stress and recommend aligning lifestyle choices with income and financial priorities. (News18 Hindi)

To improve financial discipline, experts advise reviewing expenses from the previous three months to understand spending patterns. Based on this assessment, individuals can create a simple plan that divides income into spending, saving and investing. Automated savings options such as Systematic Investment Plans (SIPs) or recurring deposits can help ensure consistent saving. Even small financial changes, experts say, can lead to significant long-term benefits. (News18 Hindi)
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