The UK wage growth in May slowed to its lowest level in the past two years, amid a cooling job market. This highlights the challenges facing the Bank of England in deciding whether or not to reduce interest rates. The Office for National Statistics has released figures showing that the annual wage growth rate has […]

Grant Thornton’s US business is in talks to buy the UK and Irish affiliates of the accounting group. This would be the largest M&A transaction in the industry to date. Grant Thornton US announced a transatlantic merger after selling a majority stake in the company to private equity investors. The firm had promised to boost […]

Facebook’s Meta explored the possibility of investing multi-billions in EssilorLuxottica as it intensifies its efforts to develop smart eyewear. Multiple people familiar with the company’s thinking have confirmed that it has considered a small stake of €87bn in the Franco-Italian Group. Some people have said that the move is a result of Meta holding discussions […]

The Labour government will launch legislation as soon as possible to nationalise railways. Takeovers of UK’s largest operators are expected to occur within months. According to an analysis of data from the official sources, Labour’s plans are likely to see nearly three-quarters (75%) of all train trips in Britain be nationalised within a year. Labour […]

Netflix’s second-quarter revenue and earnings exceeded Wall Street expectations thanks to the success of shows like Bridgerton and Baby Reindeer . The number of new subscribers was the highest in a quarter two since 2020 when Netflix experienced explosive growth due to the pandemic. The company did warn that the number of new subscribers in […]

Semiconductor shares listed on Wall Street have lost almost $500 billion in market value since Wednesday, amid fears that trade tensions between China and Taiwan could escalate. Nvidia shares dropped almost 7 percent, losing over $200 billion in capitalisation. The Nasdaq composite index, which is heavily weighted towards technology, closed New York down 2.8%, or […]

Babcock has suffered losses that nearly doubled, to £190million, on its attempt to build cheap warships in Britain. Five Type 31 frigates that were supposed to cost £1.25bn are the latest in an ongoing series of Ministry of Defence purchases which have been hopelessly overbudget. Babcock is the one who is paying the price in […]

The Bank of England is debating whether or not to reduce interest rates in the next month. This slowdown in wage growth in Britain in May was the lowest in almost two years. According to official figures, the average weekly income, excluding bonuses and other incentives, dropped from 6% to 5.7% in the three-month period […]

Carpetright’s rival is the frontrunner in the race to purchase the flooring retailer. Tapi, a company founded by the members of the Carpetright family, has submitted a formal offer to buy the brand, intellectual property and portfolio of stores. The company is believed not to be interested in buying the head office of Carpetright, located […]

Reuters reported that Samsung Electronics had agreed to purchase Oxford Semantic Technologies. Thw British startup specializes in technology which can be used for artificial intelligence applications. Oxford Semantic is a specialist in knowledge graph technologies, which store information as a web of interconnected ideas that mirrors human reasoning. Samsung stated in a press release that this […]

Private equity group , behind the Six Nations Rugby tournament as well as English Premiership Rugby, is considering making a bid to buy the Telegraph. The deadline for the auction for the newspaper group’s first round approaches this week. CVC Capital Partners has yet to finalise its plans. It may not make a firm bid. […]

Skin, one the UK’s biggest plastic surgery providers, with over 70 branches, collapsed. This has put hundreds of jobs in danger. Skin’s website was replaced at 5pm on the Tuesday with a message stating that “the company has undertaken an extensive process in order to secure investment so it can continue trading, but unfortunately we […]

A shake-up that aims to increase the average pensioner’s savings by £11,000 could benefit the more than 15,000,000 people in the UK who contribute to workplace pension schemes. The king announced a package of measures in his speech on Wednesday, including steps to assist workers who have many small pension pots and bring them together. […]

The co-founders from Silicon Valley’s largest venture capital firm announced that they support Donald Trump in his bid for reelection and will make large donations to further back him. Ben Horowitz (A16Z) and Marc Andreessen (Andreessen Horowitz), the two heads of Andreessen Horowitz revealed their plans on a 90-minute long podcast. They argued that a […]

According to the latest anti-ageing breakthrough, mice can live up to 25 percent longer with a therapy based upon the same science that enables axolotls to regrow their severed limbs. This technique protects rodents from multiple diseases and is being tested in human clinical trials at an early stage for fibrotic lungs disease. The findings […]

Disney’s Bob Iger, and his wife Willow Bay, agreed to purchase a controlling interest in the US National Women’s Soccer League team Angel City FC for $250mn. This is a record-breaking deal in the league, making it the most valuable female sports team in the entire world. The agreement, subject to league approval, demonstrates the […]

The pound reached a new high of one year against the dollar after UK inflation data for June came in slightly higher than expected at 2%. The data showed that consumer prices were higher than analysts’ expectations of 1.9%, and traders reduced their bets on whether the Bank of England would lower interest rates next […]

Sir Keir has laid out 40 bills that he says will start “a decade of renewal for our nation” in a King’s Speech for economic growth. The plan includes a large role for the government and an upgrade to worker’s rights. The new Prime Minister’s Legislative Plan — read by King Charles on Wednesday at […]

In a London court battle with luxury brand Thom Browne, Adidas was accused of trying to establish a “monopoly on clothing featuring stripes” by threatening fashion designers’ creative freedom. The New York designer and the sportswear group faced off at the High Court in Wednesday’s latest round of the long-running dispute about stacks of stripes […]

Semiconductor stock prices fell on Wednesday, after Donald Trump, the former US President said that Taiwan should be responsible for its own defense and reported reports suggested that the US may consider tighter restrictions regarding trade with China. The Nasdaq Composite Index, which is heavily weighted towards technology stocks, fell by 2.8 percent in New […]

The pound reached a new high against the US dollar, as traders re-wrote their bets about a rate cut by the Bank of England in the next month. The pound rose 0.45 percent against the dollar, to $1.30. This is the highest level since July 2023. Official figures revealed that a key measure for inflation […]

The company that is behind the first new mine in the UK in 30 years argued before the High Court on Tuesday that the mine would be “unique and net zero”. West Cumbria Mining, (WCM), continued to defend its mine in court, which will produce up to 60m tonnes coking coal over its lifetime. This […]

International Monetary Fund warned that the UK could face higher interest rates for longer if there are no further progresses in reducing inflation in the service sector. The Washington-based IMF raised its growth forecasts in 2024 for the UK but identified the sticky price growth of the service sector as an issue for the Bank […]

Adidas has raised its full-year forecast for the second time this year, in just three months. This is the latest sign that the turnaround plan of its CEO’s is gaining momentum. Sportswear Group now expects an operating profit of €1bn over the course of the year, compared to its earlier guidance for €700mn. The group […]

The gold price reached a new record on Tuesday, as the prospect of Federal Reserve rate cuts and a Donald Trump second term in office provided a double boost for the precious metal. Gold rose 1.7 percent to $2,465 per troy-ounce, surpassing the record set in May. Gold’s latest gains came after US inflation data […]

Harland & Wolff is asking the Labour government to reject a £200mn request for a loan guarantee. This will remove a vital lifeline that was being offered to this troubled shipbuilder in its quest for desperately needed funding. The company that built the Titanic employs 1,500 people at its four UK-based shipyards. It has been […]

The UK Transport Secretary has called for train companies to “take immediate action” to improve reliability, while launching an investigation into the “worse performance” of Britain’s railways. Louise Haigh, the British Transport Minister, announced on Tuesday that she would invite the leaders of Britain’s poorest-performing train companies to a meeting about performance after the number […]

In the next few months, Britain and the EU will hold their first ever bilateral summit as part of Labour Premier Sir Keir starmer’s efforts to “reset”, post-Brexit relationships with Brussels. Officials from the EU and Britain have confirmed the possibility of a summit, similar to the EU’s regular meetings with tertiary countries like India […]

Elon Musk announced on Tuesday that X and SpaceX would be moving their headquarters to Texas in response to a gender identity law passed by California. This is a major blow to Silicon Valley, as the billionaire has been at odds with California’s Governor, Gavin Newsom, for a long time. Newsom, a Democrat from California, […]

Ocado’s boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100. Tim Steiner said that he did not plan to take the online grocery group private or move its listing abroad, despite speculations about it possibly moving from London to New York. […]

Morgan Stanley’s investment bankers and traders have helped to boost the company’s quarterly profits, which has offset a decline in its wealth management business. The bank’s CEO, Ted Pick, said that the trading of equities, and fixed income, was “back” as the second-quarter revenue for the equities division rose by 18% to $3.02billion, while the […]

The International Monetary Fund upgraded its growth forecasts for the UK’s economy in this year. This is a major boost to the Labour Government, just weeks after the General Election. The Washington-based fund stated that the UK is on track to grow by 0.7 percent of GDP this coming year. This was up from the […]

Goldman Sachs’ chief executive hailed “the early innings of a recovery in capital markets and M&A” after the investment firm announced that its quarterly profit more than doubled from the previous year. The American Investment Bank, one of most influential institutions within the mergers and acquistions world, announced profits of $3 billion for the three-month […]

Goldman Sachs’ profits more than doubled during the second quarter, as it reaped benefits from a faster recovery in dealmaking and its bond and equity traders performed better than anticipated. After a slow two-year period in which central banks raised interest rates to fight inflation, dealmaking is now picking up. Goldman Sachs’ profits grew by […]

BlackRock CEO Larry Fink stated on Monday that investors are creating a “barbell effect” in the fixed income markets when they choose low-cost exchange-traded funds and alternative assets over traditional bond funds. Fink, the world’s biggest money manager, announced that BlackRock had reached a new record of $10.6tn of assets under management. He also cited […]

The French Football League has reached a last minute broadcast agreement for the coming season. This deal will prevent a financial crisis from arising at some clubs, but it will also lock in a lower price than originally hoped. Two people with knowledge of the situation say that DAZN, a sports streaming service, will pay […]

A US judge dismissed a criminal charge against Donald Trump for his handling of classified documents. This is a significant legal victory for the ex-president, just days after he escaped an assassination. Judge Aileen A Cannon ruled Monday that the Department of Justice’s appointment of Jack Smith as the outside attorney to handle the investigation […]

The net migration accounted for the largest population growth in England & Wales in 75 Years last year, while births fell to a two decade low. This highlights the changing demographic pressures that Sir Keir’s Starmer government is facing. Office for National Statistics announced on Monday that the population of England and Wales will grow […]

Lloyds Banking Group is converting disused office buildings into social housing. The UK’s biggest mortgage provider will lay the foundations for a new housebuilding boom following Labour’s victory in the election. The bank began reviewing its property portfolio in 2020 during the Covid Lockdown. It is now launching the program with an old data and […]

The alliance of far-left parties that won the majority of seats in the French parliamentary elections on Monday suspended all talks with their partners, throwing the efforts by the left to capitalize on its win into chaos. The newly formed Nouveau Front Populaire, which includes La France Insoumise (a far-left party), the Greens, and the […]

One of Bank of England’s doveish rate-setters called for interest rates to be cut in order to reduce the cost of living, and because inflation is on a “firm downward trajectory”. Swati Dhingra is an external member on the monetary committee. She said it was time for the Bank “to start normalising [monetary policies] so […]

Opening a fourth berth on the north side of the Thames at London Gateway next month will be the start of a fierce maritime battle with Felixstowe for Britain’s top port. London Gateway, in a fight that pits the industrial and financial might of Dubai against the Hong Kong billionaire Li Kashing, will expand its […]

Elon Musk, Bill Ackman and other tycoons have publicly endorsed Donald Trump for the White House race in the wake of the attempted assassination at a Pennsylvania rally. Musk, the CEO of Tesla and the owner of X/Twitter posted his support on social media alongside a video showing Trump pumping his hand after being hit […]

Burberry’s chief executive has been fired and its dividend canceled after the latest of a string of profit warnings. The shares of the British luxury brand plunged after the announcement that Joshua Schulman had been appointed to replace Jonathan Akeroyd, who failed to achieve his turnaround plan. A 22 per cent drop in sales, to […]

Thomas Jefferson said that good beer “softens tempers, cheers up the spirit, and promotes health”. This could also help solve the prison crisis in Britain. Craft brewery that employs ex-convicts to train them in ale-making is proving to be a success at reducing reoffending. It’s now being hailed for a template to help ease the […]

Some England fans would not be able to watch the Euro 2020 final without beer. However, with work the next morning, they will avoid a hangover and switch to alcohol-free drinks. In the last few days, retailers have seen a huge increase in sales of “mocktails”, wine, and cider with no or low alcohol (nolo), […]

A small, but loud team of GMB union organisers are taking on Amazon on a traffic island outside of Coventry. Armed with homemade signs and a pile of orange bucket caps, they’re ready to take on Amazon. Last week, more than 3,000 employees here – or “associates” as Amazon calls them — were allowed to […]

OpenAI whistleblowers urged the US Financial Watchdog to investigate nondisclosure contracts at the startup. They claimed the contracts contained restrictions, such as requiring that employees seek permission before contacting regulatory agencies. Non-disclosure Agreements (NDAs), which are typically used to prevent employees from disclosing company information to third parties, could have resulted in workers being punished […]

The complex corporate structure of Thames Water will be put under strain by the financial crisis that has engulfed the water provider. It was revealed that Trinzic Operations Ltd., which is owned by Thames parent company Kemble Water Holdings in the end, will be shut down voluntarily. Sources say that Trinzic is being liquidated by […]

Lawyers say that Shein’s pursuit for a London listing placed the UK Financial Conduct Authority (FCA) under intense scrutiny. The regulator is weighing up its approval while trying to balance Britain’s reputation as a country with strong corporate governance and its appeal as a business location. has filed a confidential document to the FCA, indicating […]

One of the world’s most successful investors in technology said that chipmaker Nvidia may be worth more than $50tn over the next decade. This is greater than the current market value for the entire S&P 500. James Anderson is best known for early bets made on companies like Tesla and Amazon. He said that the […]

Google’s parent Alphabet has been in talks with Wiz to purchase the cyber security startup for $23bn. This would be the biggest acquisition in the history of the tech group. Alphabet is still weeks away to complete its acquisition of Wiz, according to a person who has direct knowledge of the situation. However, people briefed […]

Elie Maalouf cannot be accused of being too PC. InterContinental Hotels Group’s chief executive, who was born in Lebanon, recalls what it was like to be sent away at age six to a school that spoke English, despite having no knowledge of the language. The 60-year old woman, who is sitting in the sumptuous suite […]

Deborah Embley, her husband John Deiss and their son were fined £240 for not downloading a parking application quickly enough. The couple was on a day trip with friends to Southwold, Suffolk. However, the signal of their mobile phones was so bad that they were unable to download the parking app within the 15 minute […]

The latest phase of Hinkley Point C, located deep beneath the Bristol Channel is almost complete. Engineers in orange overalls are fine-tuning three tunnels that extend miles beneath the seabed. Two of the tunnels will be filled with seawater to cool the plant when the plant is fully operational. They are 6m wide by 3.5km […]

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 […]