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UK mortgage default rates rise; GSK’s shares surge after $2.2bn Zantac settlement; Unilever finally quits Russia – business live

Lenders report that default rates on secured loans to UK households increased in Q3 2024 and are expected to increase again in Q4

The cost of building a new UK nuclear power plant at Hinkley Point is weighing on French energy firm EDF.

Bloomberg are reporting that EDF is holding talks with investors over funding for the Hinkley Point C nuclear power plant.

“Over the past year, we have been carefully preparing the Unilever Russia business for a potential sale. This work has been very complex, and has involved separating IT platforms and supply chains, as well as migrating brands to Cyrillic.

“The completion of the sale ends Unilever Russia’s presence in the country.”

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