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Greggs Cuts 740 Jobs, Shuts Four Factories to Save £20m Annually
Greggs plans to shut four UK factories and cut 740 jobs over 2.5 years, saving £20m annually from 2028. Retail stores unaffected. Shares rose 6.5% on stronger Q3 sales of 7.7%.
SNB Sold CHF1.4B Francs in Q2 as Iran War Stokes Safe-Haven Demand
SNB sold CHF1.4 billion francs in Q2 2026 to offset safe-haven flows from Iran war. Central bank maintains zero rates as growth accelerates and inflation stays low at 0.8%.
RBA Lifts Rates to 4.6%, Highest Since 2011, as Mortgage Pain Deepens
RBA lifts cash rate to 4.6%, highest since 2011, adding A$120 monthly to average mortgages. Fourth rate rise of 2026 as inflation stays above 3%.
Triple Lock Pension Scrapped From 2030: What Burnham’s Plan Means for Your Retirement
Andy Burnham scraps the triple lock pension from 2030, replacing it with inflation or 2.5% rises. The change will save £15bn yearly by 2040 but removes the earnings link that currently protects retirees.
Swiss GDP Growth Forecast Jumps to 1.7% for 2026 on Pharma Surge
Switzerland raises 2026 GDP forecast to 1.7% from 0.9% after Q2 growth hits 1.5%, strongest since 2021. Pharma drives half the gains, but inflation expected to rise.
RBA Lifts Cash Rate to 4.60% on September 29, Highest Since 2011
RBA raises cash rate to 4.60%, highest since 2011, citing elevated inflation from energy prices and AI demand. Mortgage holders face higher repayments; savers may see improved rates.
RBA Hikes Cash Rate to 4.60% on September 29, Highest Since 2011
RBA raises cash rate to 4.60%, the highest in 15 years. Fourth hike of 2026 adds $100 monthly to $700k mortgages. Markets price 60% chance of sixth hike by mid-2027.
US 10-Year Treasury Yield Hits 5.18% on September 24, Highest Since 2007
US 10-year Treasury yield hits 5.18% on September 24, highest since 2007. Real rates drive 96% of the 45 basis point surge. Bond prices fall as borrowing costs rise.
First Home Buyers Face $11,200 Borrowing Hit as RBA Hikes Rates to 15-Year High
RBA rate hike on September 29 will cut first home buyer borrowing capacity by $11,200 and add $107-$152 monthly to mortgage repayments. Canstar analysis shows cumulative 2026 reduction of $47,400.