Economists caution that the recent increase in US tariffs could plunge the UK European Union and various Asian economies into recession. The White House has raised average tariffs from 2.5% to over 25% the highest level seen since the 1920s. This monumental shift has led analysts to revise their forecasts for global growth and inflation […]

Volkswagen has announced plans to introduce an import fee on vehicles shipped to the United States. This decision comes as a direct response to President Trump’s 25 per cent tariffs which are set to affect a substantial portion of imported vehicles and car parts annually. As part of its strategy, the German carmaker is temporarily […]

One of Britain’s largest private companies has unveiled plans to significantly expand its manufacturing capabilities in the United States. JCB, a renowned maker of construction machinery, has announced an ambitious initiative to double the size of its new factory in Texas, now set to cover one million square feet. The move follows President Trump’s implementation […]

The ancient upland track known as the Harroway, believed to be the oldest road in Britain, is facing a significant shift as plans for a 259-acre solar farm are set to transform the landscape around Long Sutton. This stretch of the footpath, which has served travellers and pilgrims since at least 600BC, is now at […]

The number of working days lost due to respiratory illness has soared by nearly ten million since the pandemic, causing significant concern among employers and health authorities. According to data published by the Office for National Statistics ONS the number of days lost rose from six million in 2020 to 16 million in 2022. Charities […]

Recent analysis sheds light on a growing concern in the UK regarding young people aged between 16 and 24 who find themselves neither working nor engaging in education. This demographic, referred to as NEET (not in education employment or training), has seen numbers rise alarmingly, reaching nearly one million individuals. Most strikingly, a considerable number […]

In a recent development, the long-held myth surrounding the safety of Tunnock’s Tea Cakes during flight has been debunked. The RAF Centre of Aerospace Medicine conducted experiments to determine the validity of an alleged incident from the 1960s, where it was claimed that these beloved Scottish treats had exploded in the cockpit of a nuclear […]

Disney’s latest endeavour into live-action remakes has hit a significant bump in the road as the film Snow White is projected to incur a staggering loss of approximately £115 million. Following the trend of capitalising on beloved animated classics, this latest release has sparked widespread criticism and controversy, marking a sharp turn from the success […]

President Trump’s recent announcement of a comprehensive tariff strategy is set to radically disrupt the global trade order. This drastic measure will elevate the United States’ effective tariff rate to approximately 22%, the highest it has been since before the First World War. Analysts are already warning of potential detrimental effects on global economic growth. […]

The recent imposition of tariffs by President Donald Trump has sparked renewed fears regarding the UK’s economic stability. Analysts have warned that such measures could trigger a shift in economic policy, pushing the government to revisit its fiscal framework. Chancellor Rachel Reeves faces increasing pressure as independent economists have downgraded growth forecasts for the UK, […]

President Trump’s sweeping tariffs have caused upheaval in global financial markets, resulting in a dramatic reduction of over $2 trillion from the S&P 500 index. Notably, major US tech and consumer companies were among the hardest hit, with firms like Apple witnessing losses exceeding $300 billion in value. The turmoil escalated further with the FTSE […]

Some of the world’s largest car manufacturers and two prominent industry trade bodies have been penalised nearly £460 million for participating in a cartel related to vehicle recycling and advertising claims regarding environmental responsibilities. This action was taken following a coordinated investigation between the UK’s Competition and Markets Authority (CMA) and the European Commission. A […]

Investment in Britain’s vital life sciences sector is under threat due to a deteriorating commercial environment. Senior executives from major pharmaceutical companies, including Johnson & Johnson, are voicing concerns that the UK has become a challenging market for recognising innovation. This caution comes as the industry engages in heated negotiations with the British government regarding […]

The microcomputer manufacturer Raspberry Pi has recently reported a year marked by both challenges and achievements. Although the company faced significant market pressures, it managed to exceed profit expectations in its first year as a publicly listed entity. The overall sales performance has been affected by market conditions, primarily due to the ongoing geopolitical uncertainties […]

Novo Holdings, the controlling shareholder of Novo Nordisk, reported a remarkable annual performance despite facing a challenging global economic landscape. The investment company, which manages the assets of the Novo Nordisk Foundation, generated a total income and investment returns of €8 billion for 2024, significantly up from €4.2 billion the previous year. Of this impressive […]

The picturesque countryside of Wiltshire has been the unlikely backdrop for a remarkable corporate resurgence at Avon Technologies. Once nearing collapse, the company has transformed under the leadership of Chief Executive Jos Sclater and Finance Director Rich Cashin. Recent geopolitical events, notably the war in Ukraine, have significantly boosted defence spending across Europe, leading to […]

The UK’s leading sandwich maker Greencore has established a significant agreement in principle to acquire its competitor Bakkavor in a potential merger valued at £1.2 billion. This deal will merge two prominent suppliers that cater to major retailers including Tesco, Marks & Spencer, and Sainsbury’s, creating a formidable player in the food-to-go sector. The proposed […]

Tesla has reported a dramatic decline in vehicle sales during the first quarter, reaching their lowest point in nearly three years. Sales figures reveal a decline of 13%, dropping to 336,681 vehicles from 386,810 a year ago. This downturn has raised concerns as it marks the lowest sales recorded since the second quarter of 2022. […]

The co-founder of Ben & Jerry’s, Ben Cohen, is launching a bid to regain ownership of the famous ice cream brand after more than two decades under Unilever’s stewardship. Cohen, aged 74, and his co-founder Jerry Greenfield, also 74, established the company in 1978 in a petrol station in Vermont. In 2000, they sold the […]

Britain faces the prospect of lagging behind France in the race to construct artificial intelligence (AI) data centres, as highlighted by a senior Nvidia executive. David Hogan, the company’s European sales chief, emphasised that dwindling nuclear power capacity in the UK poses a significant challenge for developers striving to build advanced AI infrastructure. Electricity supply […]

Donald Trump is preparing to divest his £1.7 billion stake in the company that owns his social media platform Truth Social. Recent filings have revealed that the former US president has initiated plans to offload his shares in Trump Media & Technology Group, or TMTG, which saw its share price decline by 8% following the […]

Amazon has submitted a last-minute bid for TikTok’s US operations as the company faces a critical deadline for a possible sale, with the current ownership under scrutiny by the US government. Jeff Bezos, the founder and executive chairman of Amazon, is reportedly keen to enhance the retailer’s influence in the fast-evolving landscape of social media […]

Recent research has revealed that rising egg prices have led around a third of American consumers to cease their purchases of this breakfast staple. According to a study conducted by Clarify Capital, 34% of respondents indicated they have stopped buying eggs as costs have surged dramatically. The average price of a dozen eggs is now […]

The British government has announced a significant contract extension worth £165 million with the Italian defence company Leonardo. This agreement will enhance the maintenance operations of the Royal Navy’s fleet of 54 Merlin helicopters, signalling the UK’s commitment to bolstering its defence capabilities amid rising military expenditure plans. Leonardo confirmed that the contract extension would […]

Antler, one of Britain’s historic luggage brands, has reported significant sales growth, reaching global sales of £45 million for the year ending in February. This marks a notable increase of 13 per cent compared to the previous year, driven largely by a resurgence in travel and strategic international expansion. The UK market remains strong, benefiting […]

House prices in the UK have shown steady growth as buyers increased activity in March, propelled by the impending changes to stamp duty regulations. According to data from the high street lender Nationwide, the average price of a home rose by 3.9 per cent year-on-year to £271316, although it remained unchanged from February. The looming […]

The founders of Icen Risk, Robert Brown and Dawn Bhoma, are poised to receive substantial financial rewards after negotiating the sale of a 49% stake in their firm to Zurich Insurance Group. This transaction values Icen Risk at approximately £150 million, marking a remarkable achievement for the insurance start-up that has only been in operation […]

Europe is experiencing yet another pivotal moment reminiscent of past economic crises. This time, the catalyst is a significant investment strategy introduced by incoming German Chancellor Friedrich Merz, who has unveiled a substantial €500 billion fund aimed at revitalising Germany’s struggling economy. The move has generated renewed optimism in European markets, with the euro showing […]

A serious reporting mistake by Azzurro Associates has emerged, impacting over 2000 loans related to personal guarantees of small business owners. This revelation highlights significant regulatory concerns regarding business finance handling. Initially, Azzurro, a debt buyer owned by Elliott Management, claimed that only 28 borrowers were affected by the error, which inaccurately placed company-related debts […]

Asda, Britain’s third-largest grocery chain, is experiencing a significant downturn in sales, a troubling trend that has seen its market share drop in the wake of fierce competition from rivals such as Tesco, Sainsbury’s, Aldi, and Lidl. Recent statistics reveal a 5.6 per cent decline in sales over a span of twelve weeks leading to […]

Recent developments surrounding the Office for National Statistics ONS are raising serious concerns about the reliability of economic forecasts in the United Kingdom. The chairman of the Office for Budget Responsibility OBR Richard Hughes addressed MPs on Tuesday highlighting the struggles of acquiring clear and accurate data from the ONS which has seen a dramatic […]

Shareholders in the UK’s largest venture capital trust, Octopus Titan, have expressed outrage over £162 million in fees received by its management during a period of disappointing performance. Investors have accused Octopus Investments of failing to take responsibility for the significant losses experienced by the Titan fund, which has seen its net asset value plummet […]

A London chip designer dubbed an Arm wannabe has attracted the interest of Qualcomm, a significant American rival, following a surge in its share value. Reports indicate that the San Diego-based company is contemplating making a bid for Alphawave, which has seen its shares climb nearly 47 per cent, pushing its market valuation beyond £1 […]

The sustainable bathroom product company Wild has been acquired by Unilever in a deal that reportedly netted its co-founders nearly £100 million. While the terms of the acquisition remain undisclosed, the valuation of Wild is believed to be around £230 million. Founded six years ago by entrepreneurs Charlie Bowes-Lyon and Freddy Ward, Wild began its […]

Labour’s recent welfare reforms are anticipated to result in an increase of 400000 individuals who will be classified as unfit for work by the end of the decade. Government figures suggest that the changes, aimed at enabling long term sick individuals to return to employment, will instead bolster the number of claimants on the highest […]

Chelsea Football Club has announced a remarkable turnaround in its financial fortunes, posting a pre-tax profit of £128.4 million for the financial year ending 30 June 2024. This shift comes after the club reported a pre-tax loss of £90.1 million the previous year, primarily under the management of Clearlake Capital and Todd Boehly. The latest […]

The owner of the Sun newspaper, News Group Newspapers (NGN), continues to grapple with the financial fallout from the protracted phone hacking scandal, recording cumulative losses surpassing £1.2 billion since the onset of legal battles nearly fifteen years ago. In its latest financial disclosures, NGN, a subsidiary of Rupert Murdoch’s News UK, reported a pre-tax […]

Virgin Atlantic has signalled a slowdown in demand for transatlantic travel, which has resulted in a decline in the share price of rival British Airways’ owner, IAG. Both UK long-haul carriers rely heavily on profitable routes between London and North America to bolster their earnings. Analysts have expressed concern that growing economic uncertainty and increasing […]

Downing Street anticipates that the UK will be affected by a new round of tariffs as Donald Trump prepares to announce significant trade barriers. Officials have indicated they “reserve the right” to respond in a manner that protects national interests amidst the ongoing negotiations. As the clock ticks down to the expected announcement, UK ministers […]

Global stock markets experienced significant declines following President Donald Trump’s announcement of new tariffs that would potentially affect imports from all countries. On Monday, investors reacted strongly to Trump’s comments, which indicated a broader scope for the impending tariffs than previously anticipated. The anxiety rippling through the markets was palpable, especially after Trump stated during […]

Aviva has once again found itself at the centre of controversy as it seeks to revive its proposal to cancel £450 million worth of preference shares. This comes seven years after a previous attempt faced intense criticism and ultimately led to significant upheaval within the firm. In an effort to placate dissenting voices, the insurance […]

Sir Richard Branson’s Virgin Group is poised to enter the high-speed rail market, potentially ending Eurostar’s long-standing monopoly on cross-Channel services. The announcement comes after the Rail regulator determined that there is sufficient capacity at the Temple Mills maintenance depot in northeast London to accommodate additional trains. This depot has been a critical factor in […]

Thames Water, the beleaguered utility company teetering on the brink of insolvency, has reportedly selected American private equity firm KKR as its preferred bidder for a potential rescue. This move emerges after KKR presented an enticing offer that includes a substantial £4 billion cash injection to help stabilise the financially strained entity, which grapples with […]

Lawrence Stroll the billionaire executive chairman of Aston Martin Lagonda has successfully overseen a fundraising effort to support the beleaguered British sports car manufacturer. The company has attracted £125 million following the sale of its stake in Stroll’s privately owned Aston Martin Racing Formula 1 team and a new share issuance to the Yew Tree […]

Elon Musk’s SpaceX is making a substantial effort to evade tariffs on equipment imported from China as tensions escalate under President Donald Trump’s trade policies. The rocket company has formally requested exemptions from the US government on two critical pieces of Chinese-manufactured equipment necessary for producing broadband terminals for its Starlink satellite internet service. In […]

The BBC has announced a significant reduction in its spending on new shows, cutting its programming budget by £150 million for the upcoming financial year. This decision comes as the public service broadcaster navigates an unprecedented funding challenge, reflecting the broader struggles within the British television sector. The corporation is set to allocate just over […]

Almost £8 billion has been erased from the value of the world’s largest pharmaceutical companies following the unexpected ousting of America’s leading vaccine authority by Robert F Kennedy Jr. Shares in Moderna, Pfizer, and GSK experienced significant declines, igniting fears of instability within the vaccine sector. Initial reports indicated that Moderna shares plummeted by as […]

In a significant move, one of the UK’s largest mortgage lenders, Santander, has announced a relaxation of its lending criteria for first-time buyers. This change means that couples earning a combined income of £49,500 may now be able to borrow up to £210,352 on a two- or three-year fixed-rate mortgage, representing an increase of almost […]

The hospitality industry in Britain faces a significant challenge as national insurance contributions are set to rise sharply. With a combined increase of £25 billion in employer national insurance contributions, many businesses, including the popular pub chains, are forced to reassess their operational strategies. Dan Brod, owner of the Beckford Group, has expressed deep concerns […]

The staggering costs associated with England’s special educational needs and disabilities (SEND) crisis show no signs of easing. A recent investigation has revealed that councils are on track to overspend by nearly £2 billion on SEND services over the coming year, pushing their total accumulated deficits to at least £5.2 billion by March 31 2026. […]

Bet365, the prominent gambling company founded in Stoke-on-Trent, has announced its decision to cease operations in the lucrative Chinese market. This unexpected move comes as the company aims to refocus its resources on core markets that promise sustainable long-term revenue. The announcement indicates a strategic shift for bet365, which has long operated in a legal […]

Tom Grogan the co-founder of Wingstop UK has ventured from humble beginnings in the West Midlands to becoming a millionaire through the successful launch of a popular fried chicken franchise. In a remarkable twist of fate Grogan entered the hospitality realm without any prior passion for it transforming a seemingly insurmountable challenge into a lucrative […]

The competition for initial public offerings (IPOs) between London and New York has intensified, with both financial centres employing various strategies to attract British companies. Recent discussions have highlighted the advantages of listings in each location, particularly as more firms consider their routes to market. New York has been pulling ahead, significantly enhancing its appeal […]

British Steel stands on the brink of potential closure as it races against time to secure a taxpayer-backed rescue deal. The company, owned by China’s Jingye, has issued a stark warning that failure to reach an agreement could result in mothballing its Scunthorpe plant. This facility is crucial for the production of steel used in […]

Sir Jim Ratcliffe’s Ineos Automotive could find itself in dire straits due to the proposed rise in US tariffs on the automotive sector. The chief executive, Lynn Calder, has expressed her concerns that the firm might experience substantial operational challenges as a result of these decisions. The company currently manufactures vehicles at a former Mercedes-Benz […]

The chief executive of Airbus Guillaume Faury has issued a stark warning about the potential consequences of the ongoing trade war between the United States and Europe. Speaking at a recent conference, Faury stated that the new tariffs imposed by the Trump administration will create an environment that could become detrimental to both sides of […]

China has officially announced its ambition to create a supersonic passenger jet, entering a competitive aerospace race with the United States. Engineers from Comac, the state-owned aircraft manufacturer, recently disclosed blueprints for the new aircraft, labelled the C949, in an academic paper published earlier this month. The C949 is designed to exceed the speed of […]

Britain is facing the possibility of missing out on a pioneering £25 billion green energy initiative due to bureaucratic delays, according to Sir Dave Lewis, one of the UK’s leading business figures. The ambitious project aims to supply millions of homes in the UK with affordable solar and wind power sourced from Morocco. Sir Dave, […]

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, […]