A Gloucestershire-based company, Naicker Scientific, has garnered attention after winning a £150,000 prize for a groundbreaking device designed to produce clean drinking water from icy lunar soil. This achievement comes as part of the £1.2 million Aqualunar Challenge, funded by the UK Space Agency with the aim of addressing the pressing issue of water sourcing […]

The long-anticipated carbon levy on international shipping, designed to provide crucial climate finance, is facing significant dilution as the European Union (EU) appears to be conceding in global negotiations. Sources indicate that the bloc is poised to accept a compromise that would enable companies to trade carbon credits rather than pay directly for their emissions. […]

Air passenger travel between Canada and the United States is facing a dramatic downturn as flight bookings have decreased by over 70%. This startling trend comes in the context of escalating trade tensions initiated by Donald Trump’s tariff policies. Recent data released by aviation analytics firm OAG highlights these sobering statistics, revealing a stark reduction […]

In a significant move for prospective homebuyers, Santander has announced a relaxation of its mortgage lending rules. This initiative comes as the lender aims to address ongoing affordability challenges in the housing market. Starting Friday, the UK’s fourth-largest mortgage provider will adjust its stress-testing rates, allowing many borrowers to access loans ranging from £10,000 to […]

An aggressive American activist hedge fund has positioned itself with a substantial £850 million bet against shares in London-listed oil group Shell. This short position, which accounts for 0.5 per cent of Shell’s stock, marks the most significant disclosure of this nature against the FTSE 100 energy company in nearly nine years, according to filings […]

A British investor with significant holdings in 23andMe is reportedly interested in a potential rescue of the beleaguered Californian consumer genetics company. Richard Magides, director of Singapore-based Zentree Investment, holds a 9.6 per cent stake in the firm and is positioned as the second-largest shareholder following its recent filing for bankruptcy protection in the United […]

The chief executive of InterContinental Hotels Group (IHG), Elie Maalouf, recently highlighted the company’s commitment to expanding its luxury offerings, especially in London, a city renowned for its high-end hospitality market. The announcement comes as IHG prepares to open a new Six Senses hotel later this year, marking its first entry into the ultra-luxury segment […]

The escalating trade war has significantly influenced the shares of the world’s largest car manufacturers. Recent decisions by President Trump to impose a 25 per cent tariff on imported cars and parts have resulted in a dramatic decline in the equity values of major automotive firms. Among the hardest hit was BMW, whose shares fell […]

The UK car industry is bracing for potential ramifications as President Trump’s administration prepares to impose a 25 percent tariff on car imports. The new levies, set to take effect on April 3, will initially target fully assembled vehicles and will later encompass car parts such as engines, transmissions and electrical systems. At a Rolls-Royce […]

British Steel has announced the potential closure of its two blast furnaces at the Scunthorpe site, a move that could result in the loss of up to 2700 jobs. The decision follows a failure to secure a financial package from the government aimed at transitioning the steelworks to more sustainable production processes. This development marks […]

The British media and telecommunications company Sky has announced significant changes to its operations, including plans to cut around 2000 jobs. This move responds to evolving customer preferences, as the company focuses on enhancing its digital customer service capabilities. According to Sky, the decision to cut positions will predominantly affect its customer call centres, with […]

A quarter of Britons are now classified as disabled, marking a significant increase in the population reporting difficulties in daily functioning. Following the pandemic, two million additional individuals have come forward, voicing severe challenges primarily attributed to mental health issues. In light of rising Labour unrest, the government faces mounting pressure as plans emerge to […]

The chairman and manager of Urban Logistics Reit, a significant player in the UK warehouse sector, are under increasing pressure as veteran investors seek their ousting. A group of shareholders, led by Christopher Mills and Robert Naylor, is demanding that shareholders be allowed to vote on the removal of both Nigel Rich, the chairman, and […]

Oil production targets were surpassed by Ithaca Energy last year, reaching an impressive average of 80200 barrels per day. This achievement marks a significant increase from 70200 barrels per day in 2023, bolstered by a six-month contribution from the UK assets of Eni, acquired in a substantial £750 million deal. Pre-tax profits for the expanded […]

The ongoing struggle at Morrisons has been exacerbated by a recent cyberattack that disrupted operations and product availability. The company, the UK’s fifth-largest supermarket, is grappling with significant competition in a sector characterised by razor-thin margins and fierce rivalries. Following a ransomware incident at Blue Yonder, the firm has seen a notable decline in sales […]

Tesla is set to launch its operations in Saudi Arabia next month, marking a notable shift in the relationship between the electric vehicle manufacturer and the kingdom. This development represents an important return to the Middle Eastern market for Tesla, which already has a presence in some adjacent countries. The launch event, scheduled for April […]

Imperial Brands has confirmed the continuation of its share buyback programme until the end of the decade. The Bristol-based company, well-known for its tobacco products including L&B and JPS cigarettes, has outlined ambitious growth forecasts during the recent investor event held in London. The firm plans to return surplus capital to shareholders over the next […]

The Ministry of Defence has awarded Babcock International a significant five-year contract extension valued at approximately £1 billion. This contract will see the aerospace and defence company responsible for the development and maintenance of essential military equipment, including tanks and armoured vehicles, for the British Army. The decision comes amid a global trend of heightened […]

The housebuilder Vistry has cancelled its final dividend following a significant decline in profits. The company released a series of profit warnings over the autumn and winter, revealing it had underestimated by £165 million the costs associated with developing nine sites in southern England. Despite an increase in the number of homes built—17,225 in the […]

The rate of consumer price inflation in the UK has fallen unexpectedly, dropping from 3 per cent to 2.8 per cent in February. This adjustment is primarily attributed to a significant decline in clothing prices, which experienced the largest decrease in four years. Analysts had anticipated an inflation rate of 2.9 per cent, making the […]

Britain’s leading manufacturer of military gas masks and breathing apparatus Avon Technologies has recently announced new contracts with armed forces in Ukraine alongside additional orders from European navies. This comes as military intelligence reveals the deployment of chemical agents by Russian forces in Ukraine, notably tear gas and the toxic agent chloropicrin. The Wiltshire-based company […]

The Spring Statement delivered by Rachel Reeves marked a significant occasion as the Chancellor sought to address the UK’s mounting debt issues while attempting to balance the national finances. The Office for Budget Responsibility has projected that the UK will face a deficit of £36.1 billion in the financial year 2025-26, indicating the ongoing challenges […]

On March 26 2025 Donald Trump announced an ambitious plan to impose tariffs of 25 percent on all vehicles imported into the United States This significant decree aims to generate a staggering 100 billion dollars in revenue for the US amidst ongoing tensions in the global automotive industry Mr Trump characterised the move as a […]

In a significant shift in fiscal policy Chancellor Rachel Reeves has announced plans that are set to increase the tax burden to unprecedented levels. The proposed changes come in the aftermath of a multi-billion-pound budget overhaul aimed at addressing the nation’s growing financial challenges. Tax revenues are projected to escalate from 35.5 per cent of […]

The owner of B&Q, Kingfisher, has called on Rachel Reeves to reconsider planned tax increases for retailers ahead of Wednesday’s spring statement. The retail industry faces rising costs due to increased National Insurance contributions and business rates, which the company argues stifles innovation comparable to that of US technology firms. Thierry Garnier, the chief executive […]

Rachel Reeves is poised to announce further welfare cuts during her spring statement amid intensified scrutiny following the Office for Budget Responsibility’s (OBR) assessment of her fiscal reforms. The Chancellor of the Exchequer is now under pressure to bridge a £1.6bn funding gap. The anticipated cuts are expected to include tighter eligibility criteria for the […]

Homeowners in the United Kingdom are increasingly opting for short-term fixed mortgage deals as two-year fixed rates have begun to outpace those of five-year options for the first time since 2022. This trend signals a notable shift in the mortgage market as signs emerge that rates are returning to a more conventional dynamic. The shift […]

Segro has unveiled plans for a significant development—a £1 billion data centre project located west of London. This venture marks the company’s first fully-fitted data centre, driven by an increasing need for computing power in today’s digital economy. The project will span 30,000 square metres over three storeys, situated on Segro’s industrial site in Park […]

Fevertree has demonstrated a commendable financial performance, particularly in the United States, which has now surpassed the UK to become the company’s largest market by revenue. The upmarket tonic water manufacturer reported a 9 per cent increase in US sales, reaching £128 million for the year ending December 31. This growth has been attributed to […]

Shell has unveiled ambitious plans under its new chief executive Wael Sawan to bolster gas production while reducing its investment in low-carbon initiatives. During a strategy update, Sawan articulated a vision to prioritise growth in liquefied natural gas sales by 4 to 5 per cent annually through to 2030. Remarkably, this approach marks a significant […]

Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), recently addressed MPs regarding the potential consequences of the government’s directive to stimulate economic growth. This initiative, he explained, may result in an uptick in mortgage defaults, instances of insider trading, and other financial misdemeanours. Rathi highlighted the trade-offs that come with this growth […]

The founder of THG, previously known as The Hut Group, has recently committed to an additional £60 million investment in his beauty and nutrition empire. This move is part of a strategic fundraising round aimed at alleviating the pressures of existing debts. The company, which operates several well-known brands including Cult Beauty, Look Fantastic, and […]

The online betting giant Bet365 has announced its decision to cease operations in the Chinese market. This move comes as part of a broader strategy to concentrate its resources on regions that offer long-term sustainable revenue. The family-owned business, managed by Denise and John Coates, has made significant strides in various jurisdictions but has identified […]

The luxury goods sector in the United Kingdom is increasingly looking towards North America as a vital market for expansion. High-end British brands are discovering that affluent American consumers hold a significant appetite for British craftsmanship and heritage. This burgeoning interest presents lucrative opportunities for growth, especially as export dynamics begin to shift in the […]

PwC has been fined £2.9 million for several breaches in its audit of Wyelands Bank, a defunct lender previously owned by metals magnate Sanjeev Gupta. The Financial Reporting Council (FRC) revealed that the audit of the bank’s 2019 financial statements failed to meet regulatory standards. The investigation, which began in the summer of 2021, uncovered […]

Institutional investors are rapidly divesting from the pound in the lead-up to Chancellor Rachel Reeves’s spring statement, set to unveil significant fiscal policy changes. The abrupt shift comes as investors panic over potential spending cuts of £15 billion aimed at adhering to the government’s commitment to achieve a budget surplus by 2030. Data from Bank […]

Thousands of jobs may be at risk as part of the UK government’s planned overhaul of Britain’s railway industry. According to reports, the transition of all train operators into public ownership under a newly formed state-owned entity, Great British Railways, will involve significant changes to the organisational structure. Efforts to remove duplication of teams and […]

Tesla, the renowned electric vehicle (EV) manufacturer, is experiencing a significant decline in sales across Europe, marking one of its biggest setbacks in recent years. The company’s sales dropped nearly 45% last month, as the firm struggles with increasing competition and the fallout from Elon Musk’s controversial political alliances. The latest data collated by Jato […]

The latest data from the S&P UK PMI composite output index reveals a significant boost in private sector activity, climbing to a six-month high in March. The index rose to 52.0, compared to 50.5 in February, marking its best performance since last September. Figures above 50 indicate expansion, underlining positive momentum in UK business activity. […]

The chief executive of Centrica, Chris O’Shea, has raised concerns about proposals to introduce regional electricity pricing in Britain, branding the concept as unrealistic and fraught with challenges. These proposals, championed by competing energy supplier Octopus Energy, suggest implementing zonal electricity pricing to reflect the constraints of local infrastructure on power distribution. However, O’Shea argues […]

A thirty-year monopoly held by Eurostar on cross-Channel high-speed rail services faces a challenge as up to two competitors plan to make their entry onto the route. Gemini Trains, a new railway start-up chaired by transport veteran Lord Berkeley, has officially declared itself a contender, joining Virgin Trains and Evolyn in a bid to break […]

23andMe, the prominent California-based genetic testing company, has filed for Chapter 11 bankruptcy protection in the United States. The move comes as the firm seeks to secure a buyer and address its financial and operational issues. Co-founder Anne Wojcicki has also stepped down as chief executive to focus her efforts on taking the company private, […]

The board of the AIM-listed medical cannabis company, Celadon Pharmaceuticals, has resigned en masse after a significant internal dispute with the company’s CEO over an imminent de-listing proposal. The decision has thrown the future leadership and structure of the firm into disarray. Four non-executive directors, including Robert Barr, Elizabeth Shanahan, David Firth, and Dr Steven […]

Bird flu has been identified in a sheep on a Yorkshire farm, marking the first instance of the disease infecting this species in the UK. The discovery was made after avian influenza was detected in the milk of the ewe, which was kept on a farm where poultry and other livestock freely roamed in a […]

The UK government, under Labour’s leadership, may be eyeing significant cuts to civil service jobs as part of its spring budget strategy. Up to 50,000 roles could be eliminated in an effort to slash government administration spending by £2 billion by 2030—five times the reduction previously proposed. According to Sir Keir Starmer, this efficiency drive […]

In 2011, Tesla’s CEO Elon Musk dismissed Chinese automaker BYD as an unlikely competitor in the electric vehicle (EV) market. At the time, Tesla was preparing the launch of its groundbreaking Model S, while BYD seemed constrained by poor sales and accusations of copying car designs. Yet, BYD held a critical edge over its Californian […]

Britain’s largest pharmaceutical company, AstraZeneca, has revealed plans to invest $2.5 billion in Beijing, signalling its commitment to expanding operations in its second-largest market despite ongoing controversies. The announcement showcases a strategic move towards strengthening the company’s foothold in China, despite recent legal challenges and scrutiny from Chinese authorities. This investment includes the creation of […]

Government borrowing has exceeded official expectations by over £20 billion in the year to February, placing significant pressure on Chancellor Rachel Reeves ahead of the upcoming spring statement. February’s borrowing alone reached £10.7 billion, marking the fourth-highest figure for the month since 1993. These levels came in higher than analysts predicted, according to the Office […]

Lisa Gordon, chair of the investment bank Cavendish, believes it is alarming how popular cryptocurrency investing has become among the UK population. She emphasises that over half of Britons under the age of 45 are now investing in cryptocurrencies rather than equities, describing the trend as “terrifying”. Gordon argues that this behaviour could harm the […]

Spain has emerged as a standout performer in the European economy, surging ahead of its peers and showcasing impressive recovery post-pandemic. With a GDP growth of 3.2% in 2024, reaching €1.6 trillion, the country has left behind larger economies such as Germany and France, which experienced stagnation and moderate growth, respectively. This turnaround paints a […]

Businesses across the UK are grappling with a wave of challenges as the Chancellor’s recent tax increases and hikes in the minimum wage begin to take effect. These measures are forcing many firms to adjust their strategies, with some reducing recruitment, raising prices, or even closing their doors entirely. One significant change involves the increase […]

The world of private equity continues to expand its influence across professional services, and law firms in the UK are increasingly becoming the next target for investors. Following years of acquisitions in accounting firms, private equity (PE) investors are now turning their attention to the legal sector. This trend highlights the growing appeal of law […]

A company owned by the Wall Street banking giant JP Morgan has emerged as the leading contender in the £4 billion sale of Eversholt, one of Britain’s most profitable train leasing firms. Eversholt owns thousands of train carriages and locomotives, leasing these assets to operators at significant costs to taxpayers. The train leasing company’s owner, […]

The London Stock Exchange (LSE) has intensified its efforts to persuade companies to choose London for their stock market listings over New York. In a newly released analysis titled “Mythbusting — UK vs US,” the LSE details the drawbacks of selecting the American market, including higher fees and greater chances of facing litigation. The analysis […]

A pioneering pharmaceutical breakthrough is set to give dog owners more precious time with their companions as Loyal, a San Francisco-based biotech company, prepares to launch the world’s first dog longevity pill. The promising medication aims to extend the healthy lifespan of dogs by at least one year, targeting key metabolic processes in ageing canines. […]

Live facial recognition (LFR) cameras are to be permanently installed on high streets in Croydon, marking a UK first in the use of this controversial technology. The Metropolitan Police announced the move after a two-year pilot programme using mobile vans equipped with LFR technology resulted in hundreds of arrests. The fixed cameras are expected to […]

Mark Carney, the newly installed Prime Minister of Canada, has announced a snap election, casting it as a pivotal battle to safeguard the nation’s sovereignty against escalating challenges from President Trump. The former governor of the Bank of England, who recently took over leadership of Canada’s Liberal Party, set the election date for April 28 […]

The use of hotels to house asylum seekers is set to continue for years, according to a recent Treasury report. The government has attributed this to ongoing global instability, which has led to an increase in illegal migration. Efforts to reduce costs have so far failed to mitigate spiralling expenses, with the Home Office spending […]

The London Metal Exchange (LME) has been issued a £9.2m fine by the Financial Conduct Authority (FCA) for its mishandling of the nickel market disruption in March 2022, marking the first such penalty levied against a leading investment exchange. The regulator found the LME unprepared to manage the severe risks that emerged as nickel prices […]

Nvidia, the world’s largest computer chipmaker, has pledged to invest “several hundred billion” dollars in US manufacturing over the next four years. Jensen Huang, the company’s chief executive and co-founder, confirmed the move as Nvidia seeks to reshape its supply chains to reduce reliance on Asia amid increasing geopolitical risks and trade tensions. The California-based […]

The cost of servicing government debt in the wealthiest countries has reached its highest point since 2007, surpassing spending on defence, police, and housing. According to a report by the Organisation for Economic Co-operation and Development (OECD), debt servicing costs across its 38 member states rose to 3.3% of national income in 2024, up from […]

The BBC has announced a significant overhaul of its international audio services, restricting overseas access to its Sounds platform. From next month, expats will no longer be able to use the BBC’s UK-based audio streaming service. Instead, international listeners must turn to an advertising-supported platform on BBC.com or the BBC app to tune in to […]

Allan Leighton, Asda’s executive chairman, is spearheading a bold strategy to rejuvenate Britain’s fourth-largest supermarket chain. Returning to Asda last November after a 24-year hiatus, Leighton is confronting a business in a vastly different state than when he first departed. Once the nation’s second-largest supermarket, Asda’s market share has slipped from 14.8 per cent to […]

The UK’s welfare system is under significant strain as the cost of disability and sickness benefits continues to soar. Figures reveal that spending on Britain’s primary disability benefit, Personal Independence Payment (PIP), has skyrocketed, set to increase from £15 billion before the pandemic to £37 billion by the end of the decade. The total cost […]

Apple is reportedly losing £1 billion annually on its streaming service, Apple TV+, as it struggles to compete with industry giants like Netflix, Amazon Prime Video, and Disney+. Despite significant investment in original content, the platform is failing to attract enough subscribers to rival its competitors’ dominance. Apple TV+ was launched in 2019 with ambitious […]

Britain’s largest pharmaceutical companies have raised urgent concerns over what they describe as an “excessive” NHS sales rebate, warning it is harming investment in an economically crucial sector. Industry leaders from AstraZeneca, GlaxoSmithKline (GSK), Johnson & Johnson, Pfizer, Novartis, Merck, and Sanofi have urged the government to make revisions to the branded medicines repayment scheme […]

Stock markets across the globe retreated this week as central banks in major economies opted to hold interest rates steady amidst uncertainty sparked by US tariff policies. The Federal Reserve, the Bank of England, and central banks in Japan and Sweden emphasised the potential for resurgent inflation caused by the upcoming tariffs, maintaining a cautious […]

Wage growth across the UK has held steady at 5.9 per cent during the three months to January, according to the latest figures from the Office for National Statistics (ONS). The data aligns with economists’ expectations and comes as the Bank of England opted to keep interest rates unchanged at 4.5 per cent in March. […]

Ofgem has approved a £4 billion investment to secure the future of Britain’s electricity infrastructure and help meet the nation’s ambitious 2030 green energy targets. This move will allow companies such as National Grid, SSE, and Scottish Power to order key equipment long before securing final planning approval, aiming to alleviate bottlenecks in the global […]

Lloyd’s of London, the world’s oldest insurance market, expects losses of approximately $2.3 billion from the Californian wildfires that occurred in January 2025. These losses represent a significant portion of the market’s $6 billion budget reserved for major claims. The catastrophe is estimated to be five times costlier than the Baltimore Bridge collision, which stood […]

Prudential, the Asia-focused insurer, has reported a robust 2024 performance and projected more than 10% growth across key metrics for 2025. This forecast comes amidst increasing demand for long-term savings, protection products, and wealth management services in its key markets. The company highlighted significant opportunities arising from its core presence in Asia and Africa, where […]

Tesla has issued a recall for nearly all of its Cybertrucks sold in the United States after admitting that exterior panels on the futuristic vehicle have been falling off. The recall affects 46,000 vehicles produced between November 2023, when production began, and February 27 2025. Tesla has stated that a stainless-steel trim panel used in […]

Accenture, one of the world’s largest consultancy firms, has reported a significant slowdown in revenue growth due to sweeping government cost-cutting measures in the United States. These cuts are being overseen by Elon Musk, who is leading the Department of Government Efficiency under the Trump administration’s return to the White House. The consultancy giant revealed […]

Norway’s oil fund has secured a 25 per cent stake in Covent Garden, one of London’s most iconic tourist spots, for £570 million. Shaftesbury Capital, the owner of the estate, will maintain control over the historic fruit and vegetable market, which has transformed into a thriving retail and leisure destination. Shaftesbury Capital will use the […]

The Bank of England has decided to maintain interest rates at 4.5 per cent, as the country grapples with persistent inflation and modest economic growth. The Monetary Policy Committee (MPC), responsible for setting rates every six weeks, voted 8-1 in favour of no change. The sole dissenting member, Swati Dhingra, advocated for a 0.25 percentage […]

The UK government has been urged to fulfil its commitment to the full £8.3 billion budget pledged to Great British Energy (GB Energy) amidst concerns about its ability to meet ambitious energy reform targets. A report from the Institute for Public Policy Research (IPPR), a prominent think tank, warns that reducing the company’s funding could […]

Hedge funds have capitalised significantly on the dramatic decline in Tesla’s share price over the past three months, with short-sellers reportedly reaping more than $16 billion in paper profits. The electric car manufacturer’s stock has halved in value since reaching a record high in mid-December, erasing approximately $700 billion from its market value. Elon Musk, […]

Santander UK has announced plans to close 95 branches across the country as part of a restructuring strategy, a move expected to put approximately 750 jobs at risk. The closures, starting in June, will reduce the bank’s network to 349 branches from the current total of 444. This includes 290 full-service locations, five work cafés, […]

Bentley, the prestigious British luxury carmaker owned by Germany’s Volkswagen, has announced plans to pass on the costs of potential US tariffs to its customers. This development comes as the company faces growing financial challenges, including a drop in profits due to weakening demand from China. The warning follows comments from the US President, who […]

The iconic black cabs of London, a hallmark of the capital’s transport system since the 17th century, could vanish from the streets by 2045 if current trends continue. This stark warning comes from Centre for London, a prominent thinktank, calling for urgent action to halt the decline and preserve the trade. Current figures paint a […]

Pfizer has completed the sale of its remaining 7% stake in Haleon, the FTSE 100 consumer healthcare company, raising £2.4 billion. This transaction, involving the placement of 618 million shares at 385p, comes at a slight discount to Haleon’s previous closing price of 391p. Haleon shares have dipped marginally to 390.5p following the sale. As […]

Vital data accuracy is at risk in the UK due to the erasure of biological sex in official statistics, health records, and education data. A detailed review led by Professor Alice Sullivan of University College London has exposed how the conflation of sex and gender has created inconsistencies in data collection across public bodies, including […]

Police and federal authorities are investigating a series of targeted arson attacks and vandalism incidents at Tesla showrooms across the United States, with the latest occurring in Las Vegas, Nevada. The attacks are being considered as potential acts of domestic terrorism. The FBI has confirmed that at least three other incidents involving Molotov cocktails have […]

Elon Musk’s extensive stake in Tesla is no longer his most valuable asset, as the electric vehicle manufacturer faces a significant decline in stock value. For the first time in five years, Musk’s stake in SpaceX, his private rockets and satellites business, has surpassed Tesla in value. According to Forbes, Musk’s net worth remains the […]

In a surprising reversal of fortunes, Elon Musk’s social media platform, X, has regained its $44bn valuation, the price he initially paid when acquiring the platform, formerly known as Twitter, in October 2022. This new valuation was established during a recent secondary deal, where investors exchanged existing stakes in the company according to reports from […]

The European Commission has launched a landmark action accusing Apple and Google’s parent company, Alphabet, of breaching the EU’s Digital Markets Act (DMA). This move is likely to amplify tensions with former US President Donald Trump, who has previously warned of retaliatory tariffs against foreign companies in response to stricter European regulations targeting American technology […]

Close Brothers, one of the United Kingdom’s leading car loan providers, has reported a staggering operating loss of £103.8 million for the six months leading up to 31 January. This sharp turnaround comes after the lender posted an £87 million profit during the same period last year. The financial hit follows fallout from a motor […]

The pound has risen to a four-month high against the dollar as fears of a US recession deepen following President Donald Trump’s trade policy announcements. Sterling edged up by 0.1pc on Tuesday, surpassing $1.30 for the first time since November. This resurgence in the pound coincides with growing uncertainty surrounding America’s economic performance. Scott Bessent, […]

Andrew Bailey, Governor of the Bank of England, faces mounting challenges as Donald Trump’s aggressive trade war continues to disrupt the global economy. Having only just begun to get a grip on the cost-of-living crisis, Bailey and the Monetary Policy Committee (MPC) must now navigate a volatile economic landscape while determining how to manage interest […]

New data reveals a spring resurgence in the UK housing market, driven by record property availability and a rush to beat the looming stamp duty deadline. According to Rightmove, the average price of a property coming to market has risen by 1.1 per cent or £3,867 this month, reaching £371,870. Despite this increase, new sellers […]

The UK construction industry is experiencing a notable rise in recruitment demand, signalling firms’ readiness to expand capacity as economic conditions show signs of improvement. Recent research conducted by the Recruitment and Employment Confederation (REC) in collaboration with data firm Lightcast highlights an increase in advertised vacancies for construction workers following a period of subdued […]

Forever 21, a popular fashion retailer, has filed for bankruptcy for the second time in six years and announced a wind-down of its United States operations. The company has struggled to compete in the increasingly crowded fast-fashion market, particularly in the face of rising costs, e-commerce dominance, and declining foot traffic in shopping malls. These […]

Amid mounting concerns over a potential intensification of the ongoing grocery price war, over £4 billion has been wiped off the value of Tesco, Sainsbury’s, and Marks & Spencer shares. This stock market fallout follows Asda’s announcement of increased investments in price reductions and staffing enhancements in its stores. Tesco, the UK’s largest supermarket chain, […]

The Organisation for Economic Co-operation and Development (OECD) has issued a warning that escalating trade wars initiated by Donald Trump are eroding progress on economic growth and inflation reduction. The Paris-based organisation has downgraded its global growth forecasts for 2025 and 2026 due to heightened trade barriers and geopolitical uncertainty. According to the OECD’s interim […]

CityFibre, the UK’s largest alternative broadband network provider, is facing challenges in securing the £1.5 billion needed to support its operations and ambitious expansion plans. The company, which has positioned itself as a key rival to BT Openreach and Virgin Media O2, has hit a hurdle as lenders grow increasingly cautious about extending credit to […]

The potential overhaul of Britain’s energy market system has sparked a heated debate over fairness and investment costs. Proposals to switch from the current national wholesale power model to regional zoning could lead to households in London and the southeast shouldering higher bills to offset cheaper electricity for those living near wind farms in northern […]

China’s economy showed considerable momentum at the start of the year, even as it faced increased tariffs imposed by US President Donald Trump. Retail sales climbed by 4 per cent year-on-year during January and February, outpacing December’s 3.7 per cent growth and exceeding industry forecasts. Analysts have attributed the rise in consumer activity to Beijing’s […]

Bupa’s only UK hospital, Cromwell Hospital in Kensington, West London, is gearing up for expansion. Currently housing 100 beds, 700 consultants, and 900 staff, the hospital has established itself as a leader in specialist fields such as cardiothoracic medicine, women’s health, and cancer treatment. With demand for its services surging, a new adjoining facility is […]

Thames Water, the UK’s largest water provider, has successfully secured a £3 billion emergency refinancing deal following a ruling by the Court of Appeal. This lifeline has staved off immediate fears of nationalisation and ensures the utility can access critical funding to address its financial woes. The Court of Appeal dismissed legal challenges from junior […]

AstraZeneca, one of the world’s leading pharmaceutical companies, has announced a transformative acquisition of the Belgium-based biotech firm Esobiotec in a deal worth up to $1 billion. This strategic move sees AstraZeneca continue to bolster its position in the field of oncology and innovative cell therapy technologies under the leadership of CEO Sir Pascal Soriot. […]