Business news from the City desk of the London Evening Standard

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5h Sniffer dogs and pickaxes used in fresh Madeleine McCann searches

5h Tube workers vote to continue strikes for another six months

13h Disgraced TV entertainer Rolf Harris dies aged 93

13h Chelsea Flower Show 2023: the medal-winning gardens revealed

8h Police reviewing video of ‘chase’ shortly before Cardiff teen deaths

15h Duke of Sussex loses bid for second legal challenge over security

Business

The Financial Conduct Authority is encouraging people to apply the same principles to investing as they would to dating (picture posed by model/Tim Goode/PA)

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Younger adults ‘more likely to think long-term when dating than when investing’

The Financial Conduct Authority is encouraging people to apply the same principles to investing as they would to dating.

A Deliveroo rider

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Deliveroo riders to confront bosses over pay and ‘insecure’ jobs

Riders will challenge the company’s board at its annual general meeting on Wednesday.

By Henry Saker-Clark

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Health organisations call for ‘overdue’ baby food and drink guidelines

The move follows ongoing concern about the amount of sugar in many shop-bought baby and toddler food products.

By Josie Clarke

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Octopus Group launches new money-focused brand

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Think tank calls for drivers to be taxed on a per-mile basis

By Neil Lancefield

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Government failing to tackle alcohol harm, MPs say

Government ‘stands ready’ to update pricing rules after CMA review, says Hunt

European markets drop as US debt battle drags on

By August Graham

Interest rates cause 10% writedown of Helical London office portfolio

By Daniel O'Boyle

Going it alone with a love of bright design

“I built this business by refusing to be frightened of failure,” says the founder of Sara Miller London

FTSE 100 Live: ‘Pressure on the Bank of England to raise rates’

Patrick Drahi ups stake in BT to nearly 25%, but says he has no takeover plans

By Holly Williams

London’s financial dominance is under siege

By Professor Stefan Allesch-Taylor

Latest updates | Evening Standard Tech Rich List

Why is inflation in the UK higher than in other rich countries?

The UK’s 10.1% CPI figure in March compares with 6.9% in the eurozone and 5.0% in the US

By Daniel O'Boyle

Will Wikipedia be written by AI? Jimmy Wales is thinking about it

London Underground workers vote to extend strike action mandate

Members of the Rail, Maritime and Transport union voted by 96% to continue taking action for the next six months.

Climate change protesters try to storm the stage at tense Shell AGM

Security guards linked hands to try to fend off a handful of protesters who ran at member of the fossil fuel giant’s board.

By Rebecca Speare-Cole

Inquiry begins into unsafe goods ‘flooding’ online marketplaces

Trading Standards said it was ‘deeply concerned’ about the volume of everyday items available to buy online that pose serious safety risks.

By Josie Clarke

William hails ‘breathtaking’ advances by Hackney eco-packaging firm

Notpla was awarded £1million from the Prince of Wales’s Earthshot Prize last year

Cranswick hails Philippine butcher hires as Brexit hits labour supply

By Daniel O'Boyle

Inflation set to ease back below double figures for first time in eight months

By Holly Williams

ES MoneyMore

How To Buy XRP

By Bethany Garner

Ethereum’s price up 2.08% on yesterday

Bitcoin’s price up 1.50% on yesterday

Ethereum (ETH) price prediction for May 2023

Bitcoin (BTC) price prediction for May 2023

How to trade cryptocurrency

More Business news

Shareholders narrowly vote to approve The Restaurant Group CEO pay

Bank of England admits it made errors in UK inflation forecasts

Governor Andrew Bailey insisted inflation has ‘turned the corner’, ahead of official figures on Wednesday.

Tech giant Palantir to cut scores of jobs in London

People searching for bank holiday bargains warned to look out for purchase scams

Inheritance tax receipts grow to £597 million amid frozen thresholds

By Daniel O'Boyle

Pensions industry should drive innovation in the interests of savers – TPR boss

Climate change protesters try to storm the stage at tense Shell AGM

By Rebecca Speare-Cole

Interest rates ‘to stay higher for longer to get grip on inflation’

By Nicholas Cecil Rachael Burford Jonathan Prynn

Help to Save scheme extended until April 2025

More than 359,200 people have opened savings accounts since its launch in September 2018, HM Revenue and Customs said.

London fintech Paydock secures £25 million Series A funding round

Upper Crust owner to bring Brewdog pubs to London airports

BrewDog CEO James Watt said the pubs and breweries chain aimed to “bring fun to the airport”.

By Daniel O'Boyle

Choice of decade-long mortgages has shrunk in past week, says website

The move may influence other lenders to follow suit and reconsider their own deals, Moneyfactscompare.co.uk said.

Private sector growth slows faster than expected – PMIs

Some manufacturers said that output had been hit by the extra May bank holiday

By August Graham

Holiday fraud doubles as scammers target consumers trying to ‘snap up a deal’

Action Fraud said victims reported losing a total of £15.3 million in the last financial year, compared to £7.4 million in 2021/22.

By Neil Lancefield

Government debt is going only one way -- up

City Comment: Why governments run deficits

By Simon English

National Lottery firm Camelot posts sales rise as 382 new millionaires created

Camelot UK revealed that sales grew by £99.6 million to £8.19 billion for the year to March 31.

By Henry Saker-Clark

Government borrowing surges to £25.6 billion deficit for April

The Office for National Statistics said it is the second-highest April borrowing on record.

By Henry Saker-Clark

Grocery price inflation inches down amid £218 million coronation sales spike

The average cost of four pints of milk has come down by 8p since last month, but is still 30p higher than this time last year.

By Josie Clarke

Council and school support staff begin voting on strike action over pay

The six-week ballot, which closes in early July, includes refuse collectors, social workers, teaching assistants and librarians.

One in five people ‘would not seek support if they owed money’

One in six people said they had been taught to keep money matters to themselves, according to research commissioned by Experian.

Public being ripped off by ‘pitiful’ Shell tax contribution, say campaigners

A viral video from comedian Jolyon Rubenstein shows him mocking the oil giant for paying 22p per UK citizen in tax last year.

By Danny Halpin

‘Career criminal’ guilty of £70 million foreign exchange trading investment scam

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By Jordan Reynolds

Hunt to discuss curbing rampant food inflation with manufacturers

The Chancellor will examine measures the Government can take with industry to ease the pressure on households.

By Sophie Wingate

Junior doctors to stage fresh strike in dispute over pay

Members of the BMA will walk out for 72 hours from 7am on June 14.

How to be a CEO podcast: Raphael Sofoluke & The Black Business Show

By David Marsland Rachelle Abbott

London’s FTSE 100 holds on to gains ahead of US debt ceiling crunch talks

The FTSE 100, which is internationally focused and impacted by news in the US, gained 14.12 points, or 0.18%, to 7,770.99.

Staying human while embracing artificial intelligence

City Voices: Will our needs be met by mathematical algorithms?

By JJ Lopez Murphy

Inflation-hit households ‘typically needed £5,455 extra over past two years’

Households should not be afraid to reach out and ask for help, according to interactive investor, which made the calculations.

Close the ‘green gap’ to improve inequality, says garden designer

Lack of access to green space is contributing to mental and physical health inequalities, the founder of non-profit Grow2Know said.

By Danny Halpin

Companies pick office locations for most ‘pain-free’ commute

By Joanna Hodgson

Average UK household has lost £5,455 to inflation over past two years

By Daniel O'Boyle

The entrepreneurs behind warehouse studios

Meta slapped with £1 billion fine by EU regulators over data transfers

Morrisons launches new More Card loyalty scheme nationwide

The supermarket is also bringing back its Morrisons Fivers, giving shoppers a £5 voucher once they have accrued 5,000 points.

By Josie Clarke

Ryanair flies back into profit and warns of higher prices ahead

Michael O’Leary on course for €100 million payout as shares take off

By Michael Hunter

Chelsea Flower Show hosts first wedding with same-sex couple

Garden designer Manoj Malde married Clive Gillmor in his own Eastern Eye Garden of Unity.

By Danny Halpin

Central banks knew about Libor “rigging” -- of course they did

City Comment: The Libor traders are not the villains of the financial crash

By Simon English

Dechra profit warning could put private equity takeover at risk

A number of US wholesalers have cut back on stocking Dechra products.

By Daniel O'Boyle

Scotland’s junior doctors offered 14.5% cumulative pay rise amid walkout threat

Junior doctors in Scotland voted for a 72-hour walkout in what would be their first national strike over pay.

By Rebecca McCurdy

Wise CFO to quit after CEO says he will step away

Heathrow: Passengers ‘should not be concerned’ about half-term strike

By Neil Lancefield

Jumps in administrations and liquidations boost trading at Begbies Traynor

By Henry Saker-Clark

UK Government sells £1.26bn of taxpayer stake in NatWest

By Henry Saker-Clark

London pub workers see among the highest pay rises in the UK

Four convincing scams that Which? is warning people to watch out for in 2023

Insurer explains how to minimise subsidence risks when doing garden makeovers

Off-plan property sales slide amid squeeze on investors – index