The Latest Breaking News from Kathleen Brooks

The reported stake-buying by Elliott has fuelled speculation over strategy changes at the oil giant and an overhaul of its management.

UK central bank cuts interest rates, and warns growth will be half as fast as expected this year, sending pound sliding

Chancellor Rachel Reeves said over the weekend that her fiscal rules were ‘non-negotiable’.

Uncertainty over fiscal stability and wider global pressures caused sterling to weaken on Thursday.

It came as the pound slid to its lowest level since November 2023.

Sterling fell nearly 1% to just under 1.23 US dollars – its lowest level since November 2023.

European Central Bank makes 0.25-point cut as expected after eurozone inflation fell to 2.2% in August

The euro recoiled Monday after a far-right surge in weekend EU polls sparked a general election in France, although analysts believe the single currency will remain resilient.

Platinum prices are rising due to tight supplies although the metal has fallen out of favour as miner Anglo American seeks to offload assets and fight a vast takeover bid from Australian rival BHP. The metal is used in the manufacture of catalytic converters for high-polluting petrol engines -- but…