1. Energy prices to be hiked by 10% from October
At £1,717, Ofgem’s energy price cap will be increased by £149 on its current level for standard variable tariff holders.
2. Rolls-Royce gets credit rating upgrade from S&P
S&P lifted Rolls-Royce’s rating from BBB/A-3 to BBB/A-2, noting better margins had led to improving expectations for profitability over the coming years.
3. Tributes pour in as final body recovered following Bayesian disaster
Close friend and colleague Andrew Kanter described Lynch as “the most brilliant mind and caring person I have ever known”.
4. FTSE 100 Live
Stocks up
5. Fed chair signals 'time has come' for rate cuts
“The time has come for policy to adjust,” Jerome Powell said on Friday during a speech at the Jackson Hole Symposium.