BUSINESS LIVE: Retail sales up 1% in August; Investec profits rise; Volution makes takeover deal

Companies publishing reports and trading updates today include Investec and Volution Group.

Retail sales rose 1 percent in August, according to the Office for National Statistics, as better weather boosted sales at supermarkets and clothing stores.

Pound hits two-year high as Bank keeps interest rates at 5%

Sterling rose to a two-and-a-half-year high against the dollar after interest rates in the UK were left unchanged just hours after they were cut sharply in the US.

The Bank of England kept base rate at 5 percent yesterday at noon, when Governor Andrew Bailey urged that “caution is needed not to cut too much or too quickly.”

Rolls-Royce shares hit record high as Miliband urged to back mini-nukes

Rolls-Royce shares hit a record high yesterday as pressure mounted on Energy Secretary Ed Miliband to approve Britain’s mini-nuclear power stations.

Shares in the British engineering giant rose 5 percent to 525p, taking gains since Tufan Erginbilgic became CEO in early 2023 to 462 percent after winning a landmark contract in the

1726816328 440 BUSINESS LIVE Retail sales up 1 in August Investec profits