Millions of borrowers were dealt a bitter blow yesterday as soaring inflation shattered hopes of an interest rate cut.

Thousands of the manufacturer's UK employees will walk out for ten days from early September, trade union Unite said.

Shares in Estee Lauder - where actress Ana de Armas (pictured) is a global ambassador - fell almost 5% on the New York Stock Exchange.

The former bosses of corporate raider Melrose have struck their first deal under a new venture. Rosebank Industries has completed a £1.5bn takeover of an American electronics manufacturer. The ...