Petrostate Azerbaijan is planning to raise at least $500mn to fund green projects as its first step in marshalling climate finance before the UN COP29 Summit it will be hosting in November. Baku plans to launch the project under the working title ” Climate Investment Fund for Future”, with a contribution by the state oil […]

Envestnet, which sells specialised software for wealth management, has agreed to get acquired by an American private equity group, and a consortium consisting of traditional asset managers. The $4.5bn transaction shows how traditional asset management firms are looking to benefit from the increased longevity of savers and the $90tn transfer in wealth that will occur […]

Oasis management, an activist fund, has become Greencore’s largest shareholder. This puts pressure on the UK sandwich manufacturer to accelerate its turnaround plan following years of lax share price performance. The Hong Kong fund, which previously advocated for change at Premier Foods, The Restaurant Group and other companies, increased its 5.1% stake of Greencore from […]

Hong Kong’s CK Infrastructure Holdings is being controlled by the family that controls the richest man in Hong Kong, Li Ka-shing. The company has been considering a secondary listing at the London Stock Exchange as the UK’s reputation as a trading hub continues to grow. In a filing made to the Hong Kong Stock Exchange […]

The pound rose to its highest value against the dollar since almost a full year after the UK’s economy grew faster than expected in May, while US inflation was lower than forecast. This led to a general decline in the greenback. The pound reached a high of $1.2947 – the highest since July 2023 – […]

The Labor government faces a legal dilemma in its plans to ban new North Sea oil exploration and gas before the latest licensing round for the industry closes. After sweeping to power with a pledge that it would end the granting of new North Sea exploration licenses, the timing of the current licensing round has […]

Carpetright is for sale, which could result in hundreds of closures of stores and the loss thousands jobs. PwC has been appointed to launch the formal sale process by the flooring retailer. The company, which has over 3,000 employees and operates from 300 stores, is struggling due to a decline in demand and increasing competition. […]

City regulators are set to implement the most significant change in listing rules for three decades to attract and retain companies on London’s equity markets. Financial Conduct Authority (FCA) said that loosening the rules governing the rights and information provided to shareholders when companies are listed on the stock exchange would align “the UK regime […]

Water companies and regulators are at odds over a £16-billion cut in infrastructure spending, while households see their water bills rise by £94. Ofwat is accused of sabotaging efforts to clean waterways, after it trimmed investment plans for water companies following an initial proposal to increase bills by £144. Water UK spokesman said: “As a […]

London has always been a favourite among the rich and famous because of its well-connected financial center, which also offers a great deal in terms of culture. The UK capital could be losing its favored position among ultra-rich individuals as the new government is preparing to increase taxes for those who are resident in the […]

A pharmaceutical giant will test an experimental treatment in response to the surge in demand for obesity treatments Pfizer has accelerated the trials of a weight loss pill that can be taken once a day. Drug makers are racing to create easier-to-take obesity treatments. The US pharmaceutical firm said that it plans to begin studies […]

After almost 200 years, Royal Mail will no longer use its trains to transport mail. The company confirmed that it would decommission the remaining freight trains before 10 October. It also plans to increase its amount of mail it transports by road. This move is made as Royal Mail parent company International Distributions Services has […]

BP predicted that global carbon emissions will stop rising by mid-2020 due to a boom in wind and solar energy. In its influential outlook report, the energy company found that oil consumption will rise by approximately 2m barrels per day and peak at around 102m in about 2025. The first scenario depicts the current trajectory […]

The chief economist of Bank of England has warned that key inflation measures remain “uncomfortably” high. This is a blow to the hopes of households for a rate cut. Huw Pill, a member of Threadneedle Street’s monetary committee (MPC), hinted that he would vote for a rate of 5.25% on official borrowing costs when he […]

South East Water says it needs cash injections from investors in order to remain in business. It is preparing for an Ofwat major ruling on future spending plans. The struggling water company, which provides services to 2.3 million customers in Kent, Sussex and Surrey, Hampshire and Berkshire, said that it was “in discussion with lenders […]

After other net-zero projects failed, the aviation giant is now focusing on hybrid power. Airbus will use small electric motors in its first hybrid aircraft to reduce carbon emissions using technology developed for automobiles. The motors have already been tested on an experimental helicopter, which flew for the first time last year. This gives hope […]

Mike Jatania, a British tycoon, is close to completing a deal with The Body Shop as he continues his race to save the remaining high-street chain. Mr Jatania, it is believed, is part of a group that has engaged in exclusive discussions with administrators who are overseeing The Body Shop. Sources say that Charles Denton, […]

Microsoft and Apple resigned from their board observers seats at OpenAI to quell global regulators’ concern over the close relationship between big tech companies and a few powerful AI start ups. Microsoft, less than nine months after assuming the role of ChatGPT, which they have backed with 13 billion dollars, has sent a letter to […]

Labour’s ambitious plan to “get Britain back building” has been dealt a major blow after one the country’s largest developers announced that it would be building fewer homes over the next year. Barratt Developments is expecting to deliver 13,000-13,500 apartments and houses from now until the end of 2025. This is down from 14,004 in […]

One of the leading rating agencies in the world has warned that the UK’s high level of debt and its “constrained” fiscal future remain a weakness for the country’s sovereign debt status. S&P Global stated that the UK’s debt was on track to reach 100 percent of GDP by next year, and will only “slowly […]

Thames Water warned that the company only had enough money to cover its operations through to May next year. It is still looking for funding to ensure survival. The largest water provider in the country said that, if it doesn’t reach a favorable settlement with water regulator Ofwat by Thursday, its £16.5billion of borrowings may […]

The Competition regulator said that pet owners who “humanise” their animals are paying more than necessary to keep them alive. The Competition and Markets Authority said that some pet owners pay for expensive treatments which would have previously been “addressed by euthanasia”, as they want to keep their pets alive as long as possible. Some […]

Alain Roux’s three Michelin star restaurant in Berkshire is now losing money due to rising wage pressures. The Waterside Inn, Bray, posted a loss in 2023 of £181,000 compared to a profit of £814,000 the previous year. This was despite the fact that sales were stable over the past year. The company, which runs Roux […]

Shein, an online fast fashion group planning to list in London, has launched a €200mn “circularity fund” that, according to its executive chair, will address fashion waste. This comes amid concerns over the sustainability of the brand. Donald Tang, the CEO of the China-based company, said on Tuesday that the firm intends to invest the […]

Italian coffee giant Lavazza warned that the price of coffee will rise as climate change and shipping disruptions, along with new EU regulations, drive up costs for roasters. London robusta futures reached a record high of $4.844 per ton on Tuesday. The global benchmark has risen by 70 percent over the last year, due to […]

The Chancellor Rachel Reeves announced that the new flagship National Wealth Fund of £7.3bn to decarbonise Britain’s heavy industry would start investing “immediately” in areas like green steel and megafactories. She announced on Tuesday that the money from the fund, which will be spent over a five-year period, would be distributed by the UK Infrastructure […]

Dyson has cut about 1,000 jobs, which is more than one quarter of the workforce. People familiar with the situation say that the staff at the vacuum cleaner manufacturer and air filter maker were informed of the redundancies on Tuesday morning. The move is part of an overall plan to reduce the 15,000 employees in […]

After President Emmanuel Macron’s snap legislative election resulted in a hung Parliament, France’s corporate leaders prepare to say goodbye to a decade of business-friendly conditions. On Sunday, many executives breathed a huge sigh after the far-right party was neutralised by a new National Assembly where no political group has a majority. The feeling of relief […]

According to a new analysis, UK pension plans pay fund managers £1.5bn more than necessary in fees each year. This puts pressure on trustees to negotiate better deals for members. ClearGlass, a data analytics company, conducted an analysis and shared it with revealing a “extreme” range in charges that asset managers charge defined benefit pension […]

BlackRock, Norges, and GIC have signed up as investors to support a listed private-equity vehicle founded by Melrose Industries. The float will be a welcome boost for the London market. Simon Peckham (CEO of Rosebank Industries) said that the company’s new shell would first list on London’s junior Aim Market. The founders believe that Rosebank […]

Saudi Aramco, the world’s biggest oil company, is betting that the internal combustion engines will last for “a very, very long time”. The company sees a potential business opportunity in the growth of electric cars. Last month, the state-owned oil company, which generated $500bn of revenue last year, mostly from selling and producing crude, acquired […]

While health campaigners are happy that young people seem to prefer soft drinks over alcohol, companies who produce the stronger stuff is concerned. It is possible that sales will fall and profits will drop. Carlsberg was among those who considered their options, and decided to join the Danish brewery if they couldn’t be beaten. In […]

Ocado Group is planning to build a robotic third warehouse with its Japanese retail partners. The online supermarket group and technology company announced that it would expand its partnership with Aeon – Japan’s largest grocery retailer – by launching another customer fulfillment centre. In 2027, the third automated warehouse of Ocado will be opened in […]

The German government has started auctioning confiscated bitcoins worth €2.5 billion. This sale may have contributed to the recent drop in cryptocurrency value. In January, authorities seized a digital wallet that contained nearly 50,000 Bitcoins from the owners Movie2k, a now-defunct website for film piracy. This seizure is believed to be the largest of its […]

After a tough year that saw its cancellation rate soar, British Airways faces pressure to improve operations just as summer travel begins. Cirium, a company that provides aviation analytics, has found that the airline cancelled 4,033 flights out of UK airports in the last year. This is nearly twice as many as its low-cost competitor, […]

Sir Keir started a tour in Scotland, Wales, and Northern Ireland, and Britain’s newly appointed prime minister promised to “reset the relations” between Westminster and UK’s nation. In this week’s election, Labour secured a majority of seats in England, Scotland, and Wales. Starmer won 411 seats in total, a massive victory that brought his party […]

The tax officials have been under pressure to release estimated figures about offshore taxes avoided, after they withheld the information from a report that was published during the campaign. Lucy Frazer, the then Financial Secretary to the Treasury in June 2022, promised that HM Revenue and Customs would publish figures about the offshore tax gap, […]

Royal Mail is preparing to reduce more freight flights this month. Martin Seidenberg is the CEO of International Distribution Services and plans to “make the biggest network change in twenty years” for Royal Mail deliveries, despite the uncertainty caused by the takeover by Daniel Kretinsky, a Czech energy tycoon , who has the support of […]

During talks with Indian-owned Tata Steel regarding the future of the Port Talbot site, the UK will insist on “job guarantees” as a return for taxpayer funded investment. Jonathan Reynolds, the new business secretary of Wales, confirmed that negotiations were still ongoing with Tata. He said there was “a better deal” available for the South […]

Harland & Wolff shipyard, Belfast, is known for building the Titanic. It was the largest passenger vessel of its day before it struck an iceberg during its maiden voyage over the Atlantic. Things have changed since 1912. Samson, the yellow gantry crane that dominates Belfast’s skyline and is one of two that are visible, was […]

The foreign secretary, David Lammy has stated that Labour wants a broad joint declaration with the EU in order to introduce a comprehensive security pact, covering defence, energy and pandemics, as well as the climate crisis. Lammy said that as part of the plan for the new government to reset its relationship with the EU, […]

A family dynasty in India nicknamed the “Rockefellers” of Uganda has joined forces with General Electric to propose a number of mini-nuclear power reactors for Britain. The Madhvanis have been in Uganda since the 19th century and are now the head of a conglomerate that includes sugar farming, construction, steel production, hotels, and insurance. The […]

A report by the London School of Economics found that climate campaigners are suing energy companies to stop the use of fossil-fuels. The LSE has found that there are currently 132 climate-related cases in British law, an increase from the 102 cases a year earlier. This makes the UK the third most active centre of […]

If a landmark case against British Airways or easyJet is successful, millions of passengers may be compensated for delayed flights. British Airways and easyJet have been fighting to dismiss the case. This could force airlines to pay hundreds of millions to passengers for late flights. Both carriers are being sued by the High Court for […]

A study found that people who were prescribed a weight loss injection are at an increased risk of developing a condition in the eye which can cause blindness. Researchers found that diabetics who took semaglutide (also known by the brands Wegovy or Ozempic) were four times more likely than other people to develop a condition […]

Investors in City have stated that a landslide win for Keir Starmer at the general elections on Thursday would give Britain a premium of stability in global markets. This could boost the pound, share prices and investment in Britain during a period of political turmoil in other countries. Analysts in London’s City of London, in […]

Hawksmoor, a high-end chain of steakhouses, has been listed for sale. The deal could be worth around £100m. The restaurant chain hired Stephens Investment Bank to begin looking for potential buyers for its business. It hopes to expand overseas. Hawksmoor was founded by Will Beckett & Huw Gott in 2006. It now has 13 locations, […]

The EU has plans to charge customs duties on low-cost goods. This could affect imports from online retailers, and a London listing that was hoped for by fast-fashion seller Shein. This potential change is a response to growing concerns among retailers in mainland Europe and the US over the increasing competition from Chinese-linked marketplaces Shein […]

Ineos, owned by Sir Jim Ratcliffe, has delayed the release of its Fusilier electric vehicle. The company blames a lackluster consumer demand as well as uncertainty over government policies. Ratcliffe announced its plans to manufacture the low-emission vehicle in February. Production is expected to start in 2027. On Wednesday, however, it was revealed that the […]

The employee share scheme of Britain’s largest supermarket chain is set to pay out more than £30million in total. Tesco announced that over 20,000 employees, who work mainly in its stores and warehouses, will benefit from the growth of its share price. It has increased by a fifth in the last year. The company announced […]

Jeff Bezos is the founder and executive chair of Amazon and a multi-billionaire. He plans to sell shares worth almost $5 billion in the ecommerce group and technology. This will bring his total sales this year to over $13.4 billion. The shares of the largest cloud computing and online retail company in the world hit […]

Belfast has undergone many changes since the 1930s. The Short Brothers factory continued to produce planes and parts through the Second World War, the Troubles, and the decline of heavy industries. But now, a takeover of Spirit AeroSystems by US planemaker Boeing has raised concerns about the future of this factory. Workers and politicians are […]

Two of Europe’s largest arms companies will form a joint venture worth €20 billion to build tanks. Leonardo and Rheinmetall announced that they would jointly develop, industrialise, and market a fourth generation main battle tank to be used by the Italian Army. Leonardo, the Italian aerospace and defence group, was formerly called Finmeccanica. In Britain, […]

You might find car parts, berries and medicines in your hold luggage this summer, as well as mail or even drum sets from pop bands. It’s a big deal. According to the International Air Transport Association, airlines worldwide are expected to deliver more than 62 million tons of cargo in 2018. Traffic is expected to […]

The partnership between GSK CureVac that was formed during the pandemic is now restructured into a deal valued at up to €1,45 billion. The FTSE 100 drug company has acquired full rights worldwide to develop, manufacture, and commercialise mRNA candidates vaccines for influenza, Covid, and combinations. CureVac, the German biotechnology expert, will receive an initial […]

Marks & Spencer faces shareholder concerns over its annual dividend of just 3p, despite paying millions of pounds to its top executives in bonuses. At the retailer’s annual meeting, held on Tuesday evening, several investors expressed their disappointment at the “really low dividend payment,” the first in four years. This was after the retailer had […]

The European Central Bank (ECB) is “very worried” that member states are not adhering to the fiscal rules of Brussels. This is because the bank fears it will be unable to use its emergency tool to prevent a French bond market crash after the upcoming election. Christine Lagarde said that the ECB was “monitoring’ the […]

HM Revenue & Customs has filed a petition to wind up Jessops. The 89-year old camera shop chain is now owned by Peter Jones. He is the Dragons’ Den actor. If the retailer fails to pay its tax, it could fall into insolvency. It has already filed for bankruptcy three times over a period of […]

The London-listed studio behind Fortnite, Call of Duty, and Harry Potter has agreed to be acquired for £2.1 billion. EQT is a Swedish private equity company that has acquired the Dublin-based Keyword Studios. The deal is funded by a consortium that includes Temasek Singapore, the state-backed fund of Singapore, and CPP Investments Canada, a Canadian […]

Tesla’s deliveries surpassed Wall Street expectations Tuesday, as its price cuts and incentives stimulated demand. Elon Musk’s carmaker delivered 443,956 cars in the three-month period ending June. This is a 4.8% drop year-on-year, but it was better than analysts’ expectations of 438,000 vehicles for the second quarter. Its shares reached a new five-month high after […]

Although the private sector grew faster than originally estimated, domestic spending “stopped up” after the election as people delayed their purchases. The composite purchasing manager’s index, compiled jointly by S&P Global & the Chartered Institute of Procurement & Supply (CIPPS), fell to 52.3 from 53 the month before. The closely watched survey’s reading was below […]

Investors in Britain are anticipating a possible cut in interest rates, and have poured money into equity funds faster than ever before. Calastone’s latest data on funds flows shows that over £11 billion has been invested in equity funds so far this year. This is up from just £700 million for the same period last. […]

A landmark Supreme Court judgment ruled that individuals and private landowners can sue water companies for sewage discharged into UK waters. The lawsuit is one of many that water companies are facing as the anger grows over the storm water and raw sewerage mixtures pouring into rivers, coastal waters and threatening the health of humans […]

Big ports say that the UK’s transition towards net zero is threatened by delays in the approval of new infrastructure, which puts billions of dollars of investment into offshore wind schemes as well as other essential upgrades at risk. The British Ports Association has written to both the government and Labour to urge them to […]

Google’s greenhouse gases emissions have risen 48 percent in the last five years, due to its expansion of data centres which underpin artificial-intelligence systems. This puts its commitment to achieve “net zero” by the year 2030 into doubt. Google’s annual environmental report said that the Silicon Valley company will pollute 14.3mn tonnes equivalent carbon in […]

Marine Le Pen’s high-spending policy will be funded by debt, according to the president of the European Central Bank. Christine Lagarde, who won the first round of France’s snap elections just days before, made a veiled warning to the leader National Rally on Tuesday. Ms Lagarde stated: “There are certain guidelines within which the members […]

People who care for family members without charge take a big hit on their finances. This could last into retirement, as they are unable to balance their paid work and their caring obligations. According to a recent analysis by the financial firm just Retirement, seven out of ten people receiving carer’s benefits are not working […]

Lloyd’s of London’s opposition casts doubt on plans for City Tower The decision on whether to approve London’s tallest skyscraper was delayed after new criticisms that the design would “robb” office workers vital outdoor space. Officials had expected the 1 Undershaft, a proposed behemoth of 73 floors in the heart the financial district to be […]

The energy price cap in Great Britain will be reduced by £122 per year, which is equivalent to £1,568 annually for the typical charge. The latest cap only applies from July to the end of September. Bills are expected to increase again this winter and millions will struggle to heat their homes. The Monday adjustment […]

Jensen Huang did not mention a fall in the share price when he spoke last week at the Nvidia Annual General Meeting. The US chipmaker briefly became the most valuable company in June, but it quickly lost the title. Nvidia lost about $550bn from its $3.4tn peak market value (£2.68tn), as investors combined profit-taking and […]

Shell has suspended the construction of Europe’s biggest biofuel plant, which was to convert waste by the end the decade into green jet fuel or biodiesel. The oil company announced on Tuesday that it will “temporarily” pause work on one its largest energy transition projects in order to resolve the technical issues which have slowed […]

Marks & Spencer has increased its stock of women’s clothing in smaller sizes after a surge in sales left gaps in the shelves. Stuart Machin is the chief executive at the high-street stalwart. He said that, three years ago, about a fifth of its seasonal items were in sizes six to ten. That number has […]

Harland & Wolff has suspended trading in its shares after failing to publish audited results for the past year. PKF Littlejohn’s auditor failed to sign the accounts on time because of a delay in deciding whether revenue should be recognised in the latest financial year or deferred into future years. The company that is most […]

Legal & General announced a new fund that can handle billions of pounds. This will allow millions of employees to invest their workplace pension savings in illiquid assets. L&G operates workplace pension schemes, including those for Tesco and NatWest. Its new fund will invest the money of pension savers in private equity, debt, and infrastructure […]

Boeing has agreed with Spirit AeroSystems to purchase the company in an all-shares deal worth $4.7 billion as it attempts to overcome its production crisis. Spirit, a Boeing spin-off from 2005, manufactured the door plug on a 737 Max 9 Alaska Airlines jet that blew open in midflight on January 5. This exposed safety and […]

The external auditor of the EU has warned that a proposed agreement between the UK and EU allowing lawyers, bankers, or architects to work more easily across the continent will not solve the mobility issues faced by professionals after Brexit. Rachel Reeves is Labour’s shadow chancellor. She has proposed that London and Brussels work together […]

Norway has blocked the sale the last privately-owned property on Svalbard. Invoking national security concerns amid increased activity by Russia and China in Arctic Ocean. Oslo’s centre left government told the owners of a property in the Arctic archipelago of Sore Fagerfjord that they could only sell it with the Norwegian state’s approval after they […]

The proposed Japanese takeover by Graphcore of the British artificial-intelligence company is being reviewed for national security reasons amid concerns that foreign investors are targeting UK technology. SoftBank, a Tokyo-based conglomerate of technology companies that holds a majority stake at Arm , has been questioned after it struck a deal to acquire Graphcore. The government […]

The couple who built an outdoor theater on their Suffolk farm estate were catapulted to the top of Britain’s Rich List after they made £2bn off the sale of their financial information business. Mark and Lindy o’Hare who own a Grade II listed farmhouse and a 350-seat theater have signed a deal with fund giant […]

The European stock market rose today on signs that France’s Hard-Right will not be able to win enough seats in the legislative elections for an overall majority. On the bond market the premium investors demanded to hold French government bonds fell from its 12-year-high. Analysts said that investors hoped there would be less chance for […]

After the split of Spirit AeroSystems by Boeing and Airbus, the future of a British aerospace facility is uncertain. Up to 2,400 jobs are at risk. The future of the Belfast factory is in danger because a large part of Spirit’s Belfast operations has been left unowned. Boeing will buy Kansas-based Spirit, for $4.7bn ($3.7bn), […]

France’s flag carrier, Air France, is preparing for a €180m loss (£153m), as tourists avoid Paris during the Olympics. Air France reported on Monday that despite the alleged allure of the Paris Games, many people avoid the City of Light, leaving empty seats and reducing revenue. It said that “international markets show a significant lack […]

Tata Steel is facing a £500-million loss from its shocking decision to close its Port Talbot plant earlier than planned. The bosses are scrambling to reach a last-minute deal. The Indian-owned firm has decided to delay plans to take a final decision about closing the plant early. The company had originally planned to close the […]

British territory consults with islanders about plans to drill 500m barrels for oil First time in history the Falkland Islands have opened their waters to oil exploration, which could lead to an economic boom. The ruling council of the territory has asked the islanders whether they support the plan to extract 500m barrels from the […]

Restaurants are desperate to hire UK workers but can’t find them The celebrity chef Yotam Ottolenghi blamed a lack of staff when he cut the hours for some of his London-based restaurants last year. There are many pubs, hotels and restaurants that are struggling to fill their positions. The Office for National Statistics’ (ONS) latest […]

Under Britain’s largest former naval base, vast salt caverns will be excavated to store hydrogen as part of plans for the country to boost its energy security. The 19 caverns, each the size of St Paul’s Cathedral in Dorset, will be dug and filled with sufficient hydrogen to power a power station for several days. […]

The crop nutrition industry warned that a flood of cheap Russian fertilizer could drive European producers out or off the continent. This would pose a threat to food security on the long term. After Russia’s invasion of Ukraine at full scale, the flow of Russian gas into Europe slowed down significantly. European countries began to […]

Marks & Spencer will launch a clothing-repair service. Customers will be able to get alterations and repairs from August, as the retailer responds to an increased demand for fashion that is sustainable and reused. It has partnered up with Sojo, an expert repair and tailoring company founded in 2021 to launch this service on its […]

An investigation revealed that Rishi Sunak had abandoned his “legacy policy” to ban smoking in future generations due to a backlash by the tobacco industry, which included legal threats, lobbying, and a charm campaign aimed at Conservative Members of Parliament. The UK was on track to be the first country in the world to ban […]

Vanessa, a project manager in Brighton, 35, says that having children is an expensive luxury. My friends who started a family received large sums from their parents in order to get onto the property ladder. For those who are not lucky enough, they are stuck in the rental market with largely insecure and poorly paid […]

The road haulage sector is calling for the new government’s urgent attention to investment in infrastructure for electrical trucks. They point out that there is only one public charging station for HGVs across the UK. According to Zapmap, the number of electric vehicles is on the rise. There are currently 1.1 million fully-battery powered cars […]

Nursery and garden centres in Britain and Europe warned that the new border posts after Brexit are not functioning properly, causing delays, damage, and extra costs to importers of plants. The Horticultural Trade Association (HTA), which represents more than 1,400 garden retailers in the UK and grows, wrote an open letter with other European trade […]

Boots, the struggling US-owned chemist chain, has for the second consecutive time abandoned plans to sell its multi-billion pound assets. This puts the high street chemist in danger of further cuts on investments. Walgreens has abandoned its plans to cash out Boots after it issued a profit warning that was damaging on Wednesday. After the […]

The machines have already surpassed humans in a number of areas, including chess and bird identification. They can also predict complex protein structures. When it comes to really clever and intuitive things, such as original scientific research or chess, humans still like to believe that they have the edge. It’s possible that we need to […]

The head of Britain’s biggest business organization has warned that the next UK government should stop “walking around on eggshells” when it comes to improving EU trade relations. Shevaun Haivland, the director-general of British Chambers of Commerce urged on Thursday the winner of the election next week to intensify the current EU-UK deal for trade […]

The Bank of England warned that millions of UK mortgage holders will soon see their borrowing costs increase. Rightmove reported that the central bank stated more than 3mn home owners still pay interest rates below 3 percent, while Rightmove said the average rate for homeowners is currently above 5 percent. By the end of 2026, […]

This year, the number of UK residents paying the highest rate of income tax will surpass £1 million for the first. The state’s finances are boosted by a freeze on thresholds and wage increases. Due to the freezing of income tax thresholds, the number people who pay the 45 percent levy has more than doubled […]

Boeing was sanctioned for “blatantly violating” regulations when it revealed private information to media and speculated about the cause of the cabin-panel blowout that occurred on a brand new airplane operated by Alaska Airlines in January. The National Transportation Safety Board said that it was cooperating with the Department of Justice in deciding whether or […]

Official data shows that the number of people forced to pay income tax in Britain has risen by an estimated 4,4 million in just three years due to the government’s freezing of thresholds. This statistic is likely re-ignite the tax debate in the UK ahead of the election. According to the figures, a continued freeze […]

Shadow business secretary said that Labour would prefer stability in the UK-Europe relationship than to try and accelerate economic growth through joining the EU’s customs union or single market. Jonathan Reynolds, speaking at the British Chambers of Commerce conference (BCC), acknowledged that the Brexit has been “very hard for businesses”, because it has erected trade […]