BMW is increasing its bets on the future of next-generation fuels for passenger cars and will deliver its first mass-produced hydrogen powered cars in 2028. German Motor Group has been testing iX5 Hydrogen prototypes for two year. It is now stating that it will put its reputation at risk by claiming there will be a […]

Renting cloud services using Nvidia’s artificial intelligence chip is cheaper in China than it is in the US. This shows that the advanced processors can easily reach the Chinese market, despite Washington’s export restrictions. Companies and customers have reported that four small-scale Chinese cloud service providers charge local tech companies around $6 per hour for […]

Michel Barnier, former Brexit negotiator for the EU, now chosen as France’s prime minister in order to avoid a crisis of political nature, hasn’t always been kind towards his new boss Emmanuel Macron. The veteran politician, aged 73, said that Macron had governed the country in an arrogant and solitary manner, both at home and […]

According to Sir Nigel Wilson, a City grandee, the UK must overhaul its capital market to attract £1tn in investment over the next decade for housebuilding, infrastructure, and new start-ups. His report published on Friday stated that “the UK economy and its capital market have fallen behind the US ever since the global financial crises”. […]

City taskforce says the UK will need to invest £1tn over the next 10 years if it is to meet its economic growth goals. The Capital Markets of Tomorrow Report, headed by City veteran Sir Nigel Wilson and former Legal & General boss, stated that to achieve a minimum of 3% growth annually, the UK […]

Group of creditors holding approximately £10 billion of Thames Water’s £15 billion senior debt are set to gain access to the company’s financial records and regulatory business plan. This move comes as they attempt to formulate a strategy to reduce the utility’s debt and address its urgent need for fresh capital. The creditors have set […]

Recent forecasts suggest that the impact of new offshore wind farms on household energy bills will be relatively modest. According to predictions by Cornwall Insights, a leading energy consultancy, these renewable projects are expected to add only £5 to annual energy costs by the end of the decade. The latest auction round for renewable energy […]

In a significant move towards regulating artificial intelligence (AI), the United Kingdom has become a signatory to the first international treaty aimed at implementing AI safeguards. The framework convention on artificial intelligence, drawn up by the Council of Europe, was signed on Thursday by the UK, EU, US, and Israel in Vilnius. This legally binding […]

The Competition and Markets Authority (CMA) has initiated an investigation into Ticketmaster’s handling of Oasis ticket sales, following widespread criticism of the company’s pricing practices. This probe comes in response to the recent uproar over ticket prices for the iconic band’s upcoming reunion tour. At the heart of the investigation lies the controversial use of […]

Employees at the bookmaker Betfred have reported significant financial distress following a technical glitch in the company’s salary advance system. The issue, which persisted for at least two weeks, left many of the firm’s 8,000 staff members struggling to meet basic living expenses. The problem stemmed from a malfunction in Wagestream, an app that allows […]

Donald Trump’s social media venture has experienced a dramatic reversal of fortune on the stock market. Shares in Trump Media & Technology Group (TMTG), the parent company of Truth Social, closed below $17 on Wednesday, effectively wiping out all gains since the company’s meteoric rise began in January. The former US president, who holds a […]

In a surprising turn of events, Topshop and Topman could soon make their return to the high street following Asos’s decision to sell a 75% stake in the fashion brand to Heartland, a subsidiary of the Danish fashion conglomerate Bestseller. The deal, valued at £135 million, marks a significant shift in strategy for the online […]

In a significant shift for the British retail landscape, John Lewis has announced the reinstatement of its iconic “never knowingly undersold” price-match pledge. This move comes two years after the department store chain abandoned the century-old promise, signalling a renewed focus on customer value and competitive pricing. Peter Ruis, John Lewis’s executive director, has spearheaded […]

In a significant overhaul of Royal Mail’s universal service obligation, Ofcom, the UK’s communications regulator, has proposed scrapping the delivery of second-class letters on Saturdays. This move comes as part of a broader review aimed at ensuring the sustainability, affordability, and reliability of the postal service in the face of changing consumer habits. Under the […]

Associated British Foods (ABF), the conglomerate behind Primark and various food brands, has issued a cautionary statement regarding its sugar division’s performance in the upcoming financial year. The company anticipates a significant decline in operating profits for its sugar business, projecting between £50 million and £75 million for the 2025 financial year, a stark contrast […]

In a surprising turn of events, electric vehicle (EV) sales in the UK saw a significant uptick in August, defying the overall downward trend in the automotive market. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), EV registrations rose by 10.8% to 19,100 units, accounting for 22.6% of all […]

The British Chambers of Commerce (BCC) has issued a stark warning about the UK’s inflation outlook, projecting that consumer price inflation will climb steadily to 2.6% by the end of the year and remain above the Bank of England’s 2% target until early 2027. According to the BCC’s latest quarterly forecasts, high energy prices, robust […]

In a landmark achievement for the legal sector, DLA Piper has become the first English law firm to break the £3 billion annual revenue barrier. The firm, which originated in Yorkshire before expanding globally, reported a 6.3% increase in earnings over the past year, reaching £3.01 billion according to independent researchers. This impressive feat places […]

Volvo, the Swedish automaker known for its environmental commitments, has reversed its plan to sell only fully electric cars by 2030. This decision comes amidst growing signs of a global slowdown in the electric vehicle (EV) market. The company, owned by Chinese conglomerate Geely, had previously been at the forefront of the electric revolution. As […]

The chief executive of Enquest, a major North Sea oil and gas producer, has issued a stark warning about the detrimental effects of the windfall tax on offshore oil and gas operations. Amjad Bseisu claims that the Energy (Oil and Gas) Profits Levy is inflicting “irreversible damage” to the sector and jeopardising billions of pounds […]

The UK’s largest housebuilder, Vistry, has reported a significant increase in half-year profits, bucking the trend in a challenging market. The company’s decision to focus on affordable homes appears to be yielding positive results, with adjusted pre-tax profit rising 7% to £186.2 million in the first six months of the year. Vistry’s chief executive, Greg […]

Petrol and diesel prices at UK pumps have plummeted to their lowest levels in nearly three years, offering temporary relief to motorists. However, this respite may be short-lived as the Labour government is expected to introduce the first increase in fuel duty in 14 years in the upcoming autumn statement. According to data from the […]

In a significant development for the pharmaceutical giant AstraZeneca, Chinese authorities have reportedly detained five current and former employees as part of an investigation into potential breaches of data privacy and import regulations. The detentions, which occurred earlier this summer, targeted Chinese citizens involved in marketing cancer drugs for AstraZeneca’s oncology division. The investigation, led […]

Volkswagen AG, Europe’s largest carmaker, is facing a challenging situation as it has “a year, maybe two” to restructure in response to declining sales in its home market. This warning was issued by the company’s finance chief, Arno Antlitz, during a meeting at the Wolfsburg headquarters, indicating that significant measures such as job cuts and […]

The United Kingdom is set to close its final coal-fired power station at the end of September, marking the end of a 140-year reliance on coal for electricity generation. This closure is a significant step in the nation’s efforts to decarbonise its power supply by 2030 and aligns with broader goals to achieve net-zero emissions […]

The UK’s nuclear power sector is at a pivotal moment as Labour’s Energy Secretary, Ed Miliband, prepares to announce the next steps in Britain’s nuclear revival. Key decisions are imminent regarding two significant initiatives: Sizewell C in Suffolk and a series of mini nuclear plants. The industry is confronted with both challenges and opportunities. Labour’s […]

In a controversial decision, the Payment Systems Regulator (PSR) plans to significantly lower the maximum reimbursement for victims of authorised push payment (APP) scams from £415,000 to £85,000. This change follows strong lobbying from banks and payment companies, which argued that the previous limit was excessively high and could be exploited by fraudsters. The new […]

The government’s first renewable energy auction has resulted in a record-breaking 131 new green infrastructure projects, including nine offshore wind farms. This is a notable increase from the 92 projects approved in the previous auction, as reported by the Department for Energy Security and Net Zero. Wind and solar projects were the primary focus of […]

The UK’s zero-emission vehicle (ZEV) mandate is significantly disrupting the automotive industry, particularly affecting traditional brands like Ford and Vauxhall. These companies are witnessing a sharp decline in market share as they struggle to meet electric vehicle sales targets mandated by the government. Specifically, under the current ZEV mandate, manufacturers must ensure that 22% of […]

In a significant development in the UK media landscape, Sir Paul Marshall, the renowned hedge fund founder, is on the brink of acquiring The Spectator for approximately £100 million. The deal, expected to be announced imminently, marks the culmination of a protracted takeover battle for the esteemed news magazine. The Spectator’s sale process began over […]

The US Department of Justice has issued a subpoena to Nvidia Corporation, indicating an escalation in its antitrust investigation into the company. This legal request requires Nvidia, a major player in artificial intelligence computing, to provide information as officials look for evidence of possible violations of competition law. Nvidia, which briefly became the world’s most […]

Apple has issued a strong warning to Britain’s Competition and Markets Authority (CMA), claiming that the CMA’s analysis of the company’s dominance in the mobile browser market is “flawed and insufficient.” The tech giant argues that the CMA is relying on outdated information and unsubstantiated claims from developers, rather than objective evidence, in its ongoing […]

The UK government is preparing to implement a significant increase in the state pension, with reports suggesting an increase of over £400 per year. This adjustment is linked to the triple lock mechanism, which is set to take effect in April. According to internal Treasury calculations reportedly obtained by the BBC, the full state pension […]

Barratt Developments, the largest housebuilder in Britain, has reported a significant 75% decline in annual profit, alongside a notable drop in home completions, following a challenging year for the industry. The company’s pre-tax profits fell to £171 million for the year ending in June, down from £705 million the previous year. This steep decline highlights […]

In a significant development that has impacted the property sector, FTSE 100 company Segro has announced a £552 million all-share takeover of its smaller rival, Tritax EuroBox. This unexpected move could provoke a response from Brookfield, the Canadian investment firm chaired by Mark Carney, who is the former Governor of the Bank of England. The […]

In a startling revelation, leaked Russian state correspondence has unveiled Moscow’s clandestine efforts to establish a covert trade channel with India. The primary objective of this secretive network is to secure critical electronics and components for Russia’s ongoing war effort in Ukraine, whilst circumventing Western sanctions. The confidential plans, drawn up by Russia’s industry and […]

Blencowe Resources has announced significant progress in its Orum Cross graphite project in Uganda, East Africa. The company, which acquired the project five years ago, has been diligently advancing through various stages of development, including resource drilling programs, a scoping study, and a pre-feasibility study (PFS). Currently, Blencowe is in the latter stages of a […]

Klarna, the prominent buy now, pay later lender, has significantly reduced its workforce by more than 1,000 employees, largely due to the integration of artificial intelligence (AI) into its operations. The Stockholm-based fintech giant, which wrote off £173 million in bad loans during the first half of 2024 as more shoppers defaulted on their borrowings, […]

Nvidia, the artificial intelligence chip designer, is expected to announce a remarkable doubling of sales year-on-year when it reports its highly anticipated quarterly earnings tonight. Analysts forecast sales of $28.6 billion for the second quarter, representing an impressive 112 percent increase compared to the same period last year. Operating income is also projected to soar […]

The interconnectedness of the global shipping network has been thrust into the spotlight in recent years due to a series of supply chain shocks. From the pandemic-induced increase in goods spending to the Suez Canal blockage caused by the stranded Ever Given ship and the recent Houthi rebel attacks in the Red Sea, these disruptions […]

The UK government has approved a significant battery storage project with connections to China after a national security review. Chancellor of the Duchy of Lancaster Pat McFadden has greenlit the development of an 80-megawatt storage plant near Grimsby, which is financed by US investment firm BlackRock and KX Power, a UK-registered asset manager linked to […]

Aviva, the FTSE 100 insurance giant, faces serious allegations of tax evasion and regulatory violations in India, according to a report by the country’s tax authority. The Directorate General of Goods and Service Tax Intelligence claims that Aviva’s Indian branch used fake invoices and covert cash payments to conceal $26 million in commissions paid to […]

The European electric vehicle (EV) market is undergoing a notable transformation as Chinese manufacturers respond to newly imposed European Union tariffs. According to data from automotive analyst Dataforce, the market share of Chinese EVs in Europe has decreased to 9.9% in July, down from 10.2% a year prior. This decline aligns with the EU’s introduction […]

In a surprising turn of events, British property search powerhouse Rightmove is facing a potential takeover bid from Australian rival Rea Group. The news sent shockwaves through the property and financial sectors, with Rightmove’s shares surging 27.4% to close at 708p. Rea Group, which is 61% owned by News Corp, announced to the Australian stock […]

French train manufacturer Alstom has finalised its 2 billion euro recapitalisation and asset disposal programme by selling its American rail signalling business for $690 million. This sale marks the culmination of Alstom’s efforts to address financial challenges stemming from its 5.5 billion euro acquisition of Bombardier Transportation during the pandemic. The North American signalling business, […]

The pound is expected to become one of the top-performing major currencies in 2024, according to leading American investment banks. Analysts predict that sterling will reach a four-year high of $1.41 against the dollar by the end of next year, driven by strong economic growth in Britain and a government change that is helping to […]

The future of a significant £900 million oil and gas project in the North Sea is uncertain as Neo Energy, the lead developer, plans to reduce investment. This decision is influenced by increased windfall taxes and the potential implementation of stricter emissions regulations. The Buchan project, which was expected to start oil production in 2027 […]

In a significant shift from its 87-year history, Volkswagen is contemplating the closure of factories in Germany and potential job cuts as it faces a challenging economic environment. This consideration arises after the company’s savings program, initiated last year, fell short of its targets by several billion euros. Chief Executive Oliver Blume has expressed concerns […]

Ryanair, Europe’s largest low-cost airline, is considering a significant shift in its business strategy by potentially entering the package holiday market. This move, as indicated by CEO Michael O’Leary, represents a departure from the airline’s traditional focus on no-frills air travel. O’Leary, who has historically been against bundling flights with accommodation and transfers, mentioned to […]

In a significant development for social media regulation, Brazil’s Supreme Court has mandated the suspension of X (formerly Twitter) operations within the country. This decision follows the platform’s failure to comply with a court order to appoint a legal representative in Brazil. Justice Alexandre de Moraes, who has had ongoing conflicts with Elon Musk since […]

A recent study has highlighted concerning practices in animal research facilities that may worsen the global crisis of antimicrobial resistance. Published in the journal *Plos One*, the research indicates that antibiotic use in laboratory rodent facilities in Australia and New Zealand is both widespread and excessive. The survey, which included 95 laboratories, found that 71% […]

The number of privately funded hip replacements has nearly doubled in recent years as patients seek to avoid lengthy NHS waiting lists, according to a new study by the Health Foundation. Data from the National Joint Registry for England, Wales, and Northern Ireland reveals that privately paid hip replacements rose from approximately 17,000 in 2019 […]

The Alternative Investment Market (AIM) in London has faced another setback with the announcement from Reneuron, a biotechnology company, regarding its departure from the junior stock exchange. Once valued at over £500 million, Reneuron has entered administration after struggling to secure sufficient working capital to continue trading on AIM. The company cited limited cash availability […]

In a significant setback for British aerospace innovation, Reaction Engines, the company developing a revolutionary space vehicle engine, has seen major investors drastically reduce the value of their stakes. Artemis, a prominent London-based fund manager, has slashed the value of its 2.3 per cent holding by 75 per cent, following a previous 25 per cent […]

Anglo American, the owner of a controversial fertiliser mine in North Yorkshire, has entered into a strategic partnership with two Chinese producers to develop a market for the unproven crop nutrient, polyhalite. The mining giant has signed a memorandum of understanding with Sinochem Fertilizer, China’s largest distributor of agricultural products, and BeiFeng AMP, the country’s […]

The pharmaceutical industry stands on the cusp of a major transformation as revolutionary weight-loss injections demonstrate potential far beyond their initial scope. Semaglutide, marketed under brands like Ozempic and Wegovy, has shown promise in decelerating biological ageing by addressing the root causes of various diseases, according to experts at the European Society of Cardiology conference. […]

The Delaware Supreme Court has agreed to hear an appeal by GSK and other pharmaceutical giants, including Pfizer, Sanofi, and Boehringer Ingelheim, in their bid to halt more than 70,000 lawsuits alleging that the discontinued heartburn medication Zantac caused cancer. The companies are requesting the state’s highest court to reverse a lower court judge’s decision […]

Blenco Resources is making significant strides in the graphite market with its Orum Cross project in Uganda. This project stands out due to its remarkably low capital and operating costs, attributed to existing infrastructure, low strip ratio, and affordable energy and labor. Extensive metallurgical testing has confirmed the high purity of the end products, positioning Orum Cross as a unique and highly promising graphite mine.

The co-founder of Hargreaves Lansdown, Stephen Lansdown, has expressed doubts about the fairness of the £5.4 billion agreed bid price for the UK’s largest DIY investment platform. While he believes the offer is “fair” compared to previous bids, he questions whether it truly represents the right value for the company. Lansdown’s comments come amidst speculation […]

Mike Ashley’s Frasers Group has taken a significant step towards its goal of becoming a leading global sports retailer by acquiring a 14.65 per cent stake in Accent, a prominent retail and distribution business operating in Australia and New Zealand. The £85 million investment, described as strategic by Frasers, will enable the FTSE 100 company […]

Prudential, the London and Hong Kong-based insurance and investment group, has reported a 6% increase in first-half profit to $1.54 billion, surpassing consensus forecasts of $1 billion. However, the company’s growth in key markets such as Hong Kong and mainland China has stalled due to economic challenges in China. Anil Wadhwani, who became chief executive […]

The Financial Conduct Authority (FCA) has announced its intention to launch a comprehensive market study into the £4bn life insurance sector, focusing on pure protection products. This move comes amidst growing concerns that insurance companies may be exploiting vulnerable customers who purchase policies designed to provide financial security for themselves and their families in the […]

As the UK housing market continues its rebound, a recent analysis by Zoopla, a leading property website, has revealed that one in five home sellers are being forced to reduce their asking prices by 5% or more. Despite the market’s recovery, with a 23% increase in sales agreed and a 20% rise in buyer inquiries […]

As consumer demand for pure electric vehicles (EVs) experiences a slowdown, the South Korean carmaker Hyundai has announced plans to double its range of hybrid car models. The company, which ranks as the world’s third-largest carmaker, is expanding its hybrid vehicle portfolio to 14 models in response to the shifting market trends. Hyundai’s decision to […]

In a significant move towards sustainability, Lego has announced its plan to make half of the plastic used in its iconic bricks from renewable or recycled materials by 2026. The Danish toymaker is striving to reduce its reliance on fossil fuels and has set an ambitious target to completely switch to renewable and recycled plastic […]

The music industry is abuzz with the news of the Oasis reunion tour, which is expected to be the most popular tour in British history and a solid gold financial hit. The band’s shows next summer are anticipated to generate a massive economic impact, not just for the band members, managers, ticket sellers, and stadium […]

In a remarkable turnaround, Victoria Beckham’s eponymous fashion and beauty business has witnessed a staggering 52% surge in sales, reaching an impressive £89 million in the past year. This substantial growth has led to a significant reduction in losses, with the company reporting a mere £200,000 loss in 2023, a notable improvement from the £900,000 […]

The Spanish government has taken the extraordinary step of blocking a €619 million bid by a Hungarian consortium to acquire the Spanish trainmaker Talgo, labelling the move a threat to national security and public order. The decision, announced by the economy ministry on Tuesday, has sparked controversy and promises of legal action from the spurned […]

GreenR Strategic Materials, a company focused on developing critical mineral projects in Greenland, has announced plans to establish its graphite active anode material production plant in southern Norway. The decision is driven by several strategic advantages, including Norway's low energy costs, green energy credentials, and supportive industrial policies.

Chinese electric vehicle manufacturer Xpeng has launched a new, affordably priced electric car that incorporates technology acquired from ride-hailing giant Didi’s failed attempt to enter the highly competitive automotive market in China. The Mona M03 saloon, which Xpeng developed using an unfinished car project it purchased from Didi for HK$5.84bn (£744mn) last year, boasts a […]

Thames Water, the embattled London utility serving 16 million people in south-east England, has called for yet another increase in customer bills as it warns that proposed cuts to its business plan by the industry regulator, Ofwat, would jeopardise the company’s recovery. The UK’s largest water supplier is now seeking to raise customer bills by […]

In a stunning turn of events, Telegram chief executive Pavel Durov found himself arrested upon arrival at a Paris airport on Saturday. French prosecutors have revealed that the arrest is part of an extensive investigation, initiated in July, into the messaging app’s alleged failure to moderate criminal activity, including the dissemination of child sexual abuse […]

In the wake of Sir Keir Starmer’s keynote speech in Downing Street, wealthy households and businesses across the UK are preparing for potential tax increases as the government aims to address a £22bn shortfall in public finances. Starmer’s strong indication that those with “the broadest shoulders” will bear the heavier burden has left many wondering […]

The surge in living costs across the United Kingdom has had an uneven impact on various segments of society, with mortgage holders and renters bearing the brunt of the inflation, according to data from the Office for National Statistics (ONS). The figures underscore the challenges faced by the government in assisting struggling households. In the […]

The UK housing market is gearing up for a bustling autumn season, fueled by the Bank of England’s recent interest rate cut, the first since the onset of the Covid-19 pandemic. According to an analysis published by property website Zoopla on Wednesday, the stock of homes for sale in the UK has surged by 14 […]

Prime Minister Keir Starmer has initiated efforts to secure a new bilateral treaty with Germany during discussions with Chancellor Olaf Scholz in Berlin. The meeting, which took place on Wednesday, is part of Starmer’s broader strategy to reset Britain’s relationship with the European Union following Brexit. The two leaders aim to finalise the treaty by […]

As the demand for artificial intelligence inference grows exponentially, driven by the increasing popularity of chatbots and generative AI applications, Nvidia’s competitors are mobilizing to challenge the company’s dominance in the AI chip market. Companies like Cerebras, d-Matrix, and Groq are focusing on developing more affordable, specialized chips specifically designed for running AI models, with […]

As Prime Minister Keir Starmer warns of “painful” decisions ahead for the UK’s public finances, speculation is mounting about which taxes could be raised in the upcoming Autumn Budget. While Chancellor Rachel Reeves has ruled out increases to income tax, national insurance, and VAT, economists believe she will still seek to raise at least £20 […]

Sir Tim Martin, the head of Wetherspoons, has come out in defence of pre-flight drinking, stating that the pub chain removed two-for-one alcohol deals and “shooters” from their airport menus “years ago”. This statement comes in response to Ryanair’s group chief executive, Michael O’Leary, who recently called for a two-drink per passenger limit at airport […]

In a surprising turn of events, Thomas Ingenlath, the chief executive and founder of Polestar, has stepped down after seven years in leadership. Polestar, a Swedish electric vehicle manufacturer controlled by Volvo and China’s Geely, confirmed his resignation on Wednesday, with a new CEO set to take over on October 1st. Ingenlath’s departure comes amid […]

In a significant development in the fight against lung cancer, doctors have initiated the world’s first mRNA lung cancer vaccine trials in patients across seven countries. This pioneering jab, known as BNT116 and developed by BioNTech, has the potential to revolutionise the treatment of non-small cell lung cancer (NSCLC), the most prevalent form of the […]

Richard Walker, the managing director of Iceland, has cautioned the Labour Party that a sudden and substantial rise in the minimum wage could potentially bankrupt his business. Walker, a former Conservative donor who shifted his support to Labour in January, acknowledged the importance of reforming working practices and improving employee compensation. However, he emphasised that […]

The Royal Mint has left millions of unwanted 1p and 2p coins languishing in warehouses across Britain, as speculation mounts over the future of copper coins. According to industry data, approximately 260 million surplus copper coins, worth around £4 million, are accumulating in cash centres nationwide. This staggering figure includes roughly 150 million 2p coins, […]

In the heart of London, a pioneering startup is set to transform the fast food industry with its innovative robot chefs. Kaikaku, founded by a group of young entrepreneurs, has raised £1.9 million to develop a cutting-edge machine system called Fusion, which can assemble a salad in just 10 seconds. Josef Chen, one of the […]

In a strategic move to capitalise on the resurgence of its clothing business, Marks & Spencer is considering the launch of standalone clothing boutiques. The British retailer plans to open a trial store in London’s Battersea Power Station later this year, potentially paving the way for further expansions. M&S has witnessed a remarkable turnaround in […]

As the hospitality industry evolves, restaurants are adapting to cater to the preferences of Generation Z diners. According to Tom James, managing director of the casual dining chain Bill’s, younger customers increasingly prefer to order and pay for their meals through mobile apps rather than interacting with waiters. “I just think it’s how they’ve grown […]

The rapid advancement of generative AI is set to transform the creative industries, with British technology companies leading the charge. As the actors’ strike in America last year highlighted, the implications of AI automation extend far beyond Hollywood. Traditional structures throughout the creative sector are being challenged by this technological revolution, which allows machines to […]

In a surprising turn of events, an executive at Diageo, the parent company of Guinness, has predicted that the non-alcoholic version of the iconic beer could one day outshine its traditional counterpart. Anna MacDonald, marketing director at the drinks giant, has made this bold statement amidst a surge in demand for alcohol-free beer, particularly among […]

In a bold move, Marks & Spencer (M&S) is set to open its first-ever clothing-only store at London’s Battersea Power Station this autumn. The decision comes on the back of a resurgence in the retailer’s fashion sales, prompting the company to showcase its clothing range in a dedicated space. The new store, simply branded as […]

As Canadian owner Brookfield Asset Management prepares to auction off PD Ports, a Teesside-based operator with 1,400 staff across 11 UK locations, potential bidders are lining up for the £1.2 billion sale. Investment banks have reportedly begun reaching out to interested parties, with Peel Ports and Macquarie said to be among those considering a bid. […]

One of Britain’s largest undertakers, Dignity Funerals Limited, has taken steps to reduce its debts after raising concerns about its ability to continue as a going concern. The company, which was taken private from the London Stock Exchange in April last year in a £789 million deal, filed accounts revealing “material uncertainties” that could cast […]

The ongoing crisis in the Red Sea is causing a significant shift in the transport of goods between China and Europe, with an increasing number of freight companies turning to rail lines that run through Russia. This shift is not only causing delays and higher costs for shipping companies but also boosting profits for Vladimir […]

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) is inching closer to achieving ‘commerciality’ as per an investment bank’s assessment, following the company’s latest well test results and a strategic acquisition that is expected to accelerate its journey towards generating revenue. In a recent note, Panmure Liberum praised Helium One’s $6.75 million acquisition of a 50% working […]

Bunzl PLC (LSE:BNZL) shares surged to an all-time high after the company announced impressive interim results and a substantial share buyback programme. The FTSE 100-listed distributor reported a 10% increase in its interim dividend and launched a £250 million share buyback, while also raising its outlook for the year. In the first half of 2024, […]

As the world emerges from the shadows of the pandemic, business travel is making a strong comeback, but with a notable shift in priorities. Companies are now prioritising cost-effectiveness and environmental responsibility over the luxuries of the past. The once-coveted business class seats are being swapped for economy, as corporations adapt to a new era […]

British businesses are losing out on billions of pounds in revenue by neglecting to file international patents at the same rate as their counterparts in other countries, experts have cautioned. A report by the Chartered Institute of Patent Attorneys reveals that UK companies are filing patents in crucial markets such as Europe and China at […]

The Financial Conduct Authority (FCA) is taking action against unregulated firms that facilitate investment deals for private companies without proper regulatory permissions. This move comes as entrepreneurs increasingly turn to online services and social media to seek funds from investors. Odin, a service that helps private companies pool investments, has been instructed by the FCA […]

American tech giant IBM is shutting down most of its research and development efforts in China, joining the growing list of US companies pulling back from the world’s second-largest economy amidst escalating tensions between Washington and Beijing. Employees have reported that over 1,000 staff members are being laid off across several offices in mainland cities, […]

Nvidia, the US chipmaker, is poised to announce its quarterly sales have more than doubled on Wednesday, even as year-on-year growth slows. Wall Street anxiously awaits what has become one of the most closely watched earnings reports in the world. Analysts forecast Nvidia will report $28.7bn in revenue for the quarter, representing an increase of […]

As predictions of a dealmaking boom in the mining industry gain traction, top executives are urging caution, warning against repeating past mistakes. Companies are eager to secure commodities critical for clean energy, such as copper, which could drive a surge in mergers and acquisitions (M&A). Rio Tinto’s CEO, Jakob Stausholm, referenced the experience of his […]