1. Bank of England raises base rate to 1.25%
The Bank of England increased its interest rate today by 25 basis points, in line with expectations.
2. FCA urges lenders to assist with cost of living
The UK's financial regulator has insisted that lenders help customers to manage the cost of living crisis.
3. Asos issues a profit warning due to the impact of inflation
The retailer reduced its full-year revenue growth guidance after inflation dented its profitability.
4. Apple sued for secretly 'throttling' iPhones
A consumer rights activist has lodged a complaint with the UK Competition Appeals Tribunal over its alleged attempt to slow older phone models.
5. FTSE 100 losses lengthen
The FTSE 100 crashed over 3% lower on the day, or around 228 points, to close at 7,044.98, as traders both sides of the Atlantic worried about rising interest rates and recession.