The Latest Breaking News from MPC

Factory Audi drivers Chris Mies and Kelvin van der Linde are heading to Adelaide for next week's GT World Challenge Australia finale.

Deputy governor Dave Ramsden makes comments as CBI snapshot predicts tough winter for UK factories

Dave Ramsden said that his ‘bias’ is toward further interest rate rises, but he would consider the case for cutting rates.

Rumors of OPEC increasing output were negated by Saudi Arabia amid the embargo on Russian oil. This could translate to a tight supply this winter. Hence, quality energy stocks Marathon Petroleum (MPC) and Valero Energy (VLO), which have crushed the market this year, could be solid buys now. Read on….

Oil & Gas company Marathon Petroleum’s (MPC) impressive third-quarter results added to its stellar track record. With the EU embargo expected to impact crude supplies from Russia, the fundamentally strong company seems well-positioned to capitalize on opportunities to fulfill the supply gap and deliver impressive returns on investment. Read on….

Senior execs at the UK’s biggest building society expect base UK rates to peak around 4%

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…

Huw Pill says there is ‘still more to do’ on tackling inflation despite risks of prolonged recession

The Bank of England issued a gloomy warning that the economy could fall into eight consecutive quarters of negative growth if current market expectations prove correct

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989, but it pushed back against expectations for further steep hikes, saying Britain faces a painful recession that could last two years.