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FIVE at FIVE: Energy price cap, Royal Mail probe and SpaceX offer mobile coverage...

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. Energy price cap raised to £3,549

Average household energy bills rise 80% to £3,549, with the increase to kick in from 1 October.

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2. What have the politicians said?

No new financial support for households is likely until a new PM is appointed on 5 September, but it will be top of the in-tray for whoever does take charge.

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3. Largest stakeholder in Royal Mail wants to increase its holding

Royal Mail said in a statement it had received notification from the government that it “reasonably suspects” Vesa is looking to increase its holding from the current 22% to roughly 25%.

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4. FTSE 100 closes in red

The UK's top share index closed on Friday around 52 points, or 0.7% lower, to stand at 7,427.

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5. SpaceX to team up with T-Mobile

The new plans would exist alongside the mobile carrier’s existing network and eliminate the need for cell towers.

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