Shares in Falklands oil explorers plunge as Argentina threatens sanctions; UK car sales hit eight-year high – business live

Rolling coverage of the latest economic and financial news It’s official, UK car sales jumped last month. New car registrations rose by 13.7% to 94,236 units in August, the Society of Motor Manufacturers and Traders has reported. Plug-in hybrid electric vehicles (PHEVs) posted the strongest growth, up 39.8% to account for 14.5% of registrations, while hybrid electric vehicles (HEVs) rose 26.3% with 12.7% of the market. Battery electric vehicles (BEVs) increased 27.7% to claim 29.8% of overall uptake. Continue reading...