The United Kingdom and India have entered a new era of economic partnership following the signing of a landmark free trade agreement by Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi. The deal, described by both leaders as a ‘historic day’, signals a major step-change in bilateral relations and is projected to boost […]

The hopes of European steel producers for immediate tariff relief were dashed as the latest draft trade agreement between the European Union and the United States left Donald Trump’s 50 per cent steel import levy untouched. This stands as a critical setback for one of the continent’s industrial backbones, already beleaguered by soaring energy prices […]

Britain and Australia have reached a pivotal agreement to construct nuclear-powered submarines worth £20 billion, marking a significant investment in defence infrastructure and reinforcing their commitment to shared security interests. The landmark deal arrives amid ongoing doubts from members of the US administration over the future of the Aukus partnership, the trilateral security pact with […]

A record number of British agricultural businesses have shuttered operations in the past year following the government’s decision to reduce inheritance tax relief for farming families. Data from the Office for National Statistics reveals that 6365 agriculture forestry and fishing enterprises closed in the last twelve months — the highest figure reported since quarterly records […]

Lloyds Banking Group has sounded an alarm to the Chancellor regarding potential increases in taxes on the banking industry, as speculation swirls about government plans to fill a significant gap in the public finances. The group, which stands as the UK’s largest domestic lender, cautioned that further levies could damage the City of London’s international […]

Blackstone has surpassed forecasts for its second-quarter profits, highlighting a resurgence in confidence across United States financial markets and a sharp revival in corporate deal activity. Following a notable slowdown that coincided with former President Trump’s trade tariffs and global trade war, the asset manager’s president, Jonathan Gray, remarked that “sentiment had now improved” as […]

ITV has announced an accelerated programme of cost-cutting measures following a marked drop in profits, attributed to the failure to replicate last year’s advertising revenue boost provided by the men’s Euros football tournament. The UK’s largest free to air broadcaster said it will implement an additional £15 million in savings this year, on top of […]

LVMH, the world’s largest luxury group, has reported a steep downturn in its core fashion and leather goods division, providing a fresh signal that even affluent consumers are scaling back spending as global uncertainty persists. The division, which houses iconic brands such as Louis Vuitton, Dior, and Givenchy, endured a 9 per cent fall in […]

Intel has delivered a positive surprise for investors, surpassing Wall Street’s sales forecasts in its latest quarterly update. The chipmaker, headquartered in Santa Clara, California, posted revenues for the second quarter of $12.9 billion. This matches the same period a year ago but came in ahead of analyst estimates of $11.9 billion. Intel has also […]

British consumer confidence faltered this July amid mounting expectations that Rachel Reeves may introduce further tax increases in the coming autumn budget. The widely monitored GfK consumer confidence index declined by one point, reversing the slight progress recorded over the previous two months. Now standing at minus nineteen, the gauge remains well below its long-term […]

River Island, the high street retailer founded by the Lewis family in 1948 as Chelsea Girl, is set to implement sweeping rent cuts and close a number of stores amid fierce competition and rising pressures from online rivals such as Shein. The move comes after the company failed to renegotiate more favourable rent and lease […]

The looming five day walkout by junior doctors threatens to push the NHS into crisis as hospitals brace for the mass cancellation of operations and critical strain on medical services. Sir Keir Starmer has made a direct plea to resident doctors urging them not to heed the call for industrial action by the British Medical […]

British savers have witnessed their money’s purchasing power decline significantly over the past five years, with inflation and low interest rates combining to erode approximately 11 pence from every pound saved. Financial analytics firm Moneyfacts revealed that the average savings account has suffered an 11% reduction in real-term value since 2020. The firm advocates for […]

British consumers are increasingly adopting simpler meal preparation strategies at home as soaring food prices threaten to add £275 to annual household grocery expenses, according to recent research findings. The shift in consumer behaviour comes as grocery inflation reached 5.2% in July, up from 4.7% in June, marking the highest level since January 2024. Research […]

The United States has signed a landmark trade agreement with Japan, reducing tariffs on Japanese exports to the US from 25% to 15%. The deal, whilst higher than the current 10% levy, represents a significant diplomatic breakthrough in US-Japanese trade relations. President Trump announced via Truth Social that Japan would invest £550 billion in the […]

Leading property experts have dramatically reduced their house price growth forecasts for 2025, reflecting mounting concerns over global political tensions and potential tax increases. Estate agency giant Savills has cut its projected growth from 4 per cent to just 1 per cent, whilst property portal Rightmove has halved its forecast to 2 per cent. The […]

The automobile industry faces mounting challenges as confusion surrounding the electric car grant scheme potentially threatens manufacturers’ ability to meet the government’s electric vehicle mandate requirements this year. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), has expressed serious concerns about the lack of transparency regarding model eligibility for the […]

Google’s parent company Alphabet has exceeded market expectations in the second quarter, generating total revenues of £96.4 billion, marking a 14 per cent increase year-on-year against Wall Street predictions of £94 billion. The tech giant’s impressive performance saw net income surge 19 per cent to £28.2 billion, surpassing analyst forecasts of £26.6 billion. Earnings per […]

Tesla’s share price dropped 4% in after-hours trading as Chief Executive Elon Musk cautioned investors about potential “rough quarters” ahead. The electric vehicle manufacturer reported its most significant quarterly revenue decline in over a decade, falling short of Wall Street’s projections amidst weakening demand. The company’s revenue for the second quarter declined 12% to $22.5 […]

The tantalising prospect of transforming base metals into gold has captivated thinkers throughout history from ancient Egyptians to Sir Isaac Newton. Now, a Silicon Valley start-up, Marathon Fusion, asserts it has finally unlocked this age-old enigma using advanced nuclear fusion technology. Marathon Fusion’s innovative approach involves bombarding mercury isotopes with high-energy neutrons, a by-product of […]

General Motors has reported a significant decline in earnings, with its profits falling by a third due to a hefty £1.1 billion impact from tariffs. The carmaker’s core profit for the second quarter dropped 32 per cent to £3 billion as it grapples with ongoing fallout from trade policies imposed by the Trump administration. The […]

Brewdog has announced the closure of ten of its bars across the United Kingdom, including its flagship location in Aberdeen. The company, renowned for its craft beers, cited commercial viability as the primary reason behind this decision. The Gallowgate bar, which opened in 2010, was Brewdog’s first establishment and has been a key part of […]

The world’s largest catering group, Compass Group, has solidified its position in the European market by announcing its acquisition of Vermaat, a Dutch rival, for €1.5 billion (£1.3 billion). This strategic move aims to bolster Compass’s premium offerings across the continent and expand further into key markets. Vermaat, established in 1978, operates over 700 outlets […]

Macfarlanes, the prestigious City law firm, has made headlines by surpassing the £3 million barrier for average partner pay, as revealed in their latest financial report. This remarkable achievement comes at a time when many firms are grappling with economic uncertainties and rising operational costs. The firm has reported a substantial increase in turnover, with […]

A new nuclear power plant at Sizewell C in Suffolk is set to commence construction, now estimated to cost £38 billion. This figure represents a significant increase from earlier cost projections, which placed it at around £20 billion as recently as 2020. The government has assured that this project will play a pivotal role in […]

Mike Lynch, a prominent figure in the technology sector, is on the brink of having his estate completely depleted following a High Court ruling that demands a payment exceeding £700 million to Hewlett Packard Enterprise (HPE). This case stands as one of the largest corporate fraud disputes in British legal history, arising from allegations that […]

The UK government’s borrowing increased dramatically in June, reaching £20.7 billion. This figure surpassed analysts’ expectations, which had estimated a borrowing of £17.5 billion. The Office for National Statistics (ONS) reported that this rise in borrowing has significant implications for the upcoming autumn budget. The June deficit, the difference between tax revenue and government spending, […]

The impending strike by resident doctors in the NHS is set to take place from 7am on Friday 25 July to 7am on Wednesday 30 July 2025. This strike follows ongoing disputes between the British Medical Association (BMA) and the government regarding pay discrepancies, particularly in the context of rising living costs. The BMA is […]

Chancellor Rachel Reeves is under mounting pressure as she navigates a complex economic landscape. Her recent remarks have ignited debates surrounding potential tax increases and the looming threat of capital flight if a wealth tax is implemented. Experts are wary of the implications this could have on businesses and the broader economy. Warnings from the […]

AstraZeneca has announced an ambitious plan to invest £50 billion in the United States by the end of the decade. This significant move is expected to bolster the company’s manufacturing and research capabilities, particularly in the biopharmaceutical sector. The announcement follows increasing pressure from the US administration for pharmaceutical companies to relocate manufacturing and investments […]

The Lindsey oil refinery in Lincolnshire is set to shut its doors after administrators failed to secure a viable buyer, placing 625 jobs in jeopardy and creating ripples across the UK’s energy industry. Staff were notified by email that the attempted sale, initiated after the business entered administration in June, did not result in a […]

The UK government has once again postponed a decision on permanent legislation for e-scooter rentals, granting an extension to the national trial period until May 2028. Operators such as Voi and Lime have welcomed the temporary reprieve but emphasised that official legislation is crucial, as the prolonged uncertainty undermines investment and integration into city transport […]

The London Stock Exchange Group is actively weighing the introduction of 24 hour trading to enhance the United Kingdom’s standing as a premier destination for investors. This possible shift comes at a time when Britain’s main stock market operator faces mounting pressure to modernise its framework and curb the ongoing migration of high profile companies […]

A high profile dispute has erupted at Wise the cross border payments group formerly known as Transferwise as co founders Kristo Kaarmann and Taavet Hinrikus exchange accusations over a contentious plan to extend the companys dual share structure and relocate its main market listing to New York. The fallout follows a period of mounting tension […]

Hundreds of thousands of British savers are undergoing a radical shift in how they earn and spend their money, and the driving force is tax. As income tax thresholds remain frozen and new tax changes are anticipated, fiscal drag is affecting more people than ever. Working hours are being cut, promotions turned down, pensions given […]

Assura the NHS landlord at the centre of a lengthy bidding war has reported strong annual results that strengthen shareholder resolve to resist a buyout by private equity. The FTSE 250 company owns 603 doctors surgeries medical centres and hospitals throughout the United Kingdom and has found itself weighing a cash offer from American firm […]

The government is set to resurrect the pensions commission to investigate the looming crisis in retirement incomes, with as many as 15 million people in Britain currently under-saving for their later years. The initiative reflects urgent concerns that future generations of retirees may face significantly reduced private pension incomes unless decisive action is taken. Past […]

Mony Group, formerly known as Moneysupermarketcom, has reported sluggish revenue growth as falling car insurance premiums lead to a downturn in consumer switching. Over the first half of the year, the FTSE 250 price comparison specialist saw annual revenue growth slow to just 1 percent, totalling £225 million, compared to 5 percent this time last […]

An online jewellery brand championed by television personalities Stacey Solomon and Olivia Attwood is preparing to open its first physical shops in Britain as it puts US expansion on hold in response to President Trump’s tariff regime. Abbott Lyon, renowned for its personalised rings, necklaces and earrings, intends to launch stores in Birmingham, Cardiff, Liverpool […]

Shares in Oxford Nanopore surged as the FTSE 250 gene-sequencing specialist reported stronger than expected sales for the first half of 2025. The company expects to post revenues of around £105 million for the six months to the end of June, marking a 28 per cent increase at constant currencies and surpassing City predictions. This […]

Searching for affordable rental accommodation has never been more challenging, with rents climbing steadily across the UK. In London, tenants now pay nearly £1,000 for the smallest of spaces, pushing many to look outside traditional channels for a place to call home. Unfortunately, this desperation is now being exploited by a new wave of rental […]

Concerns are mounting within the European Union over the safety and compliance of products sold by online Chinese retail giants Shein and Temu. Michael McGrath, the EU justice commissioner, has expressed shock at the level of toxicity and danger found in some products, following a recent investigation that included a secret shopper initiative across the […]

Superbugs could cause a dramatic surge in global deaths and inflict economic losses nearing $2 trillion each year by 2050, new research reveals. Projections from a UK government-backed study, led by the Center for Global Development thinktank, indicate that antimicrobial resistance (AMR) could suppress global GDP by $1.7 trillion annually over the next quarter-century if […]

The National Health Service is confronting an unprecedented financial crisis, as liabilities for maternity errors in England have surged to an estimated £27.4 billion since 2019. The dramatic rise in costs is linked to a series of scandals and the growing number of legal claims from families impacted by the deaths or serious injuries of […]

The digital currency sector in the United States is experiencing what many are calling its “Big Bang” moment, spurred on by a flurry of legislative reforms and a decisive shift in regulatory approach under President Donald Trump. With the value of bitcoin soaring to a new high of $123000 and the total cryptocurrency market capitalisation […]

The Chancellor, Rachel Reeves, is facing fresh pressure from industry leaders as forecasts indicate a planned business rates increase for large retailers could drive food prices even higher in the run up to Christmas. Helen Dickinson, chief executive of the British Retail Consortium (BRC), cautioned that the proposed rise will come at the “worst possible […]

European youngsters may soon be permitted to stay in the United Kingdom for more than a year, as the government considers a new reciprocal youth mobility scheme with the European Union. This move would mean young Europeans coming to Britain under the scheme would be included in official immigration figures, since anyone residing in the […]

Gary Lineker’s podcast, The Rest is Football, set a significant new benchmark in the media landscape when it acquired rights to broadcast FIFA Club World Cup highlights. This bold move signals the transformation of podcasts from an audio-only format into a multimedia powerhouse. According to Tony Pastor, co-founder of Goalhanger with Lineker, the programme’s reach […]

School absences in England have soared to unprecedented levels since the pandemic, with worrying implications for the future of both the nation’s workforce and its economy. In Bradford, the transformation at Hanson Academy epitomises the challenges and possible solutions facing the education system. When Sam Sheedy became headteacher in 2023, he inherited a school notorious […]

Chancellor Rachel Reeves stands on the cusp of an unexpected financial boon as UK authorities prepare to liquidate a vast trove of seized cryptocurrency — with estimates suggesting a potential value upwards of £5 billion. Amid pledges to plug a substantial gap in public finances, the Home Office is collaborating with police forces to sell […]

John Lewis is preparing to reinstate its celebrated staff bonus for the first time in four years, following a notable upturn in financial performance. The renowned mutual retailer, which counts 69000 employees across its operations, is now considering a bonus payout after internal figures showed a sharp improvement in trading at flagship stores. According to […]

Chris O’Shea, the chief executive of Centrica, the owner of British Gas, has issued a stark warning to policymakers as the UK navigates its path to net zero. In an interview, O’Shea urged the newly appointed Energy Secretary Ed Miliband to avoid shifting green levies onto gas bills, describing such a proposal as an “abomination” […]

Warren Buffett is again sending signals to global investors. The Sage of Omaha, now 94 and set to retire as Berkshire Hathaway chief at year’s end, has been systematically offloading his holdings in major American banks. This year alone, Berkshire Hathaway sold roughly $3.2bn in shares across major US financial institutions, including a £1bn divestment […]

The Labour leadership is facing mounting pressure from backbench MPs demanding extensive reforms to Britain’s gambling regulations. A significant and growing faction of Labour MPs is urging the drafting of a new Gambling Act to replace the legislation introduced under Tony Blair’s government in 2005. Concerns are mounting over the current approach, with figures revealing […]

Santander has come under fire from customers after announcing plans to introduce charges for business accounts that were originally guaranteed to be “free for ever”. Thousands of small business owners received notifications that they would face a monthly fee of £9.99 starting from October, despite written assurances provided when the accounts were opened. The row […]

Plans for a direct rail link between London and Berlin have taken a significant step forward following the recent announcement of a UK-German transport taskforce. The partnership, established as part of a bilateral treaty signed by Prime Minister Keir Starmer and German Chancellor Friedrich Merz, aims to enhance sustainable transport links between the two countries […]

A strong summer sale, along with robust demand for garden furniture, has enabled Dunelm to weather a subdued retail market and report a 4 per cent increase in sales for its fourth quarter. The homewares retailer recorded total sales of £415 million for the 13 weeks to 28 June, up from £399 million in the […]

Funding Circle, the London-listed small business lender, has buoyed investor confidence with its latest results, showcasing a notable turnaround in its financial performance. The company reported a 21 per cent increase in credit extended to customers during the first half of the year, totalling £1.1 billion. This surge in activity boosted its share price by […]

Frasers Group, the retail giant founded by Mike Ashley, has issued a cautious profit guidance for the current financial year, citing the shadow of higher taxes and subdued consumer confidence. The company expects adjusted pre-tax profits in the range of £550 million to £600 million, reflecting challenges posed by the UK’s economic climate. This is […]

EasyJet is on course to achieve record profits this year, though several challenges threaten to impact its final performance. The airline, which has seen its stock rally in recent months, warned that industrial action by French air traffic controllers, rising fuel prices, and a shift towards later bookings by passengers could dampen full-year results. Despite […]

The City’s fixation on short-term profits is misguided, according to Ocado Group’s chief executive, Tim Steiner. The grocery and technology group’s head has urged investors to adopt a longer-term perspective as the company continues to prioritise technological innovation and scaling over immediate profitability. Ocado, co-founded in 2000 by former Goldman Sachs employees, has faced criticism […]

UK unemployment has unexpectedly risen to its highest level in four years, reaching 4.7% in May. The increase comes as the labour market continues to cool, defying expectations of stability from the Bank of England and economists. This marks a sharp shift in the nation’s employment landscape, which had previously shown signs of resilience. The […]

Mark Zuckerberg, the chief executive of Meta, alongside several prominent former board members, has reached a last-minute settlement to avoid testifying in an $8 billion lawsuit over alleged privacy violations tied to Facebook. The case was brought by shareholders who accused Zuckerberg and other directors of failing to ensure compliance with an agreement made with […]

Labour has reignited its pledge to lower the voting age to 16, a move Deputy Prime Minister Angela Rayner has described as essential to restoring trust in democracy. The announcement, however, has drawn sharp criticism from political opponents who claim the policy is a calculated attempt to secure votes from younger generations. Under the proposed […]

Jaguar Land Rover (JLR) has announced plans to cut 500 management positions following a 15 per cent drop in retail sales during the first quarter of the year. This move comes amid challenges posed by US import tariffs and the planned discontinuation of older Jaguar models. The company has confirmed that the cuts will be […]

The Co-operative Group’s chief executive, Shirine Khoury-Haq, has apologised to its members after confirming that a recent cyber-attack led to the theft of the personal details of all 6.5 million of its members. Speaking publicly, she revealed that hackers accessed names, addresses, and contact information, although sensitive financial data such as credit card details and […]

Proposed changes to statutory sick pay in the UK could create financial benefits of up to £2 billion for businesses, according to new analysis from the Trades Union Congress (TUC). The suggested reforms would eliminate the current three-day waiting period, enabling workers to receive sick pay from their first day of illness. The UK’s existing […]

Google has signed a landmark agreement to secure up to 3GW of hydropower in a deal worth $3bn, marking the largest-ever corporate clean energy pact focused on hydroelectricity. The announcement underscores the tech giant’s commitment to sustainable energy solutions as it ramps up the growth of its data centres across the eastern United States. The […]

Apple has secured a £500m agreement with MP Materials, a US-based mining firm, for the supply of rare earth magnets, a critical component in electronics manufacturing. The deal comes as China, currently the leading global supplier of rare earth magnets, imposed restrictions on exports earlier this year amidst escalating trade tensions. To mitigate the risk […]

The cost of living surged last month as the rising prices of everyday products such as butter, beef, and e-books drove an unexpected increase in inflation. Prices for these items rose sharply in June, with butter and beef both up by 20 per cent year-on-year, while e-books saw a staggering 31.8 per cent increase. The […]

President Trump has escalated his efforts to encourage pharmaceutical companies to shift manufacturing to the United States by threatening to impose tariffs on the industry. He announced plans to introduce a “low” initial tariff by the end of the month, with the intention of raising it significantly after a grace period, giving companies up to […]

Inflation in the United Kingdom has unexpectedly risen to 3.6 per cent, marking its highest level in over a year, according to figures released by the Office for National Statistics (ONS). The annual inflation rate for June increased sharply from 3.4 per cent in May, defying market expectations and the Bank of England’s forecast that […]

The UK government’s recently unveiled life sciences sector plan has faced sharp criticism from industry leaders for failing to address key concerns about investment in innovative medicines. The 78-page strategy, part of the government’s broader industrial strategy, aims to establish the UK as Europe’s leading life sciences economy by 2030 and the third most significant […]

The head of the UK’s Financial Conduct Authority (FCA), Nikhil Rathi, has urged ministers to clarify their approach to risk tolerance as the government embarks on a drive to cut regulatory red tape. Speaking to the Lords financial services regulation committee, Rathi emphasised the need for an open discussion on how far to loosen rules […]

Sir Keir Starmer has refused to rule out tax increases for the self-employed, adding fresh ambiguity to Labour’s pledge not to impose additional tax burdens on “working people.” The Labour leader’s comments have sparked further speculation about his party’s tax strategy ahead of the upcoming budget, as concerns grow over a £20 billion gap in […]

Ministers have been warned that taking control of Thames Water could add £16.8 billion to the UK’s debt, posing a significant challenge to Labour’s fiscal rules. This would complicate Rachel Reeves’ goal of ensuring debt reduction by 2028-29, a target with little room for manoeuvre as projections show the margin stands at just £15.1 billion. […]

China’s economy demonstrated surprising resilience in the second quarter of 2025, defying expectations despite facing significant headwinds. Gross domestic product (GDP) increased by 5.2% year-on-year during the April to June period. While this marked a slowdown from the 5.4% growth recorded in the first quarter, it surpassed analysts’ forecasts of 5.1% growth. The stronger-than-expected performance […]

In an unprecedented achievement, the FTSE 100, considered the benchmark index for London’s stock market, surpassed the 9,000-point threshold for the first time. Early on Tuesday morning, the index reached an intraday high of 9,016.98, marking a historic moment in its 41-year history. The milestone reflects a growing sense of confidence among investors in the […]

Barratt Redrow, the UK’s largest housebuilder, has reported weaker-than-expected sales results for the year ending June 2025, sending shockwaves through the markets. The company revealed it sold 16,565 homes during the period, falling short of its earlier forecast of 16,800 to 17,200. Shares in the FTSE 100-listed developer dropped by 9.4 per cent, closing at […]

Sosandar, the fashion retailer catering to style-conscious women, has announced a significant reduction in its profit forecast due to the ongoing fallout of the cyberattack on Marks and Spencer, which is one of its largest retail partners. The company revealed that the disruption to third-party partner sales caused by the breach would persist until at […]

Mark Zuckerberg, the chief executive of Meta Platforms, has revealed plans to invest “hundreds of billions of dollars” in the construction of data centres that will power artificial intelligence capabilities. The company’s first “multi-gigawatt” data centre, named Prometheus, is expected to go live next year. Another facility, Hyperion, is designed to eventually scale up to […]

The architect of the UK’s post-crisis ring-fencing regulations has cautioned against weakening the rules, following Chancellor Rachel Reeves’ unveiling of her so-called Leeds reforms. Reeves announced plans to implement significant changes to the country’s financial regulatory framework during a visit to Leeds, aiming to improve growth while ensuring stability in the financial sector. Introduced after […]

A staggering $52 billion withdrawal by a single institutional client has dealt a significant blow to BlackRock, the world’s largest asset management firm. The redemption, made by a customer believed to be based in Asia, came from one of BlackRock’s lower-fee index products, according to the company’s recent announcement. This large withdrawal dragged down the […]

The governor of the Bank of England, Andrew Bailey, is calling for significant reforms at the International Monetary Fund (IMF) to enhance its role in tackling global economic imbalances. Speaking at his annual Mansion House address, Bailey urged the IMF to work more closely with the World Trade Organisation (WTO) in delivering detailed assessments of […]

Rachel Reeves has urged regulators to resist “excessive caution” as she unveiled plans to encourage more Britons to invest in shares, aiming to unlock growth and innovation. Speaking at the annual Mansion House dinner, Reeves criticised regulatory burdens as a “boot on the neck of businesses” that stifles enterprise, announcing reforms to support the City […]

Essex, once better known for its reality TV stars than noted wines, is rapidly emerging as a hub for sophisticated viniculture. With world-renowned Burgundy producers now investing in the county’s vineyards, Essex’s status on the global wine stage is moving from unlikely to undeniable. The transformation has been spearheaded by the warm and dry conditions […]

Rachel Reeves has been cautioned by the head of the Office for Budget Responsibility (OBR) that Britain’s high levels of debt and increasing reliance on taxation could stifle economic growth. Richard Hughes, leading the budget watchdog, emphasised the limited fiscal flexibility the country now has, with taxes nearing an all-time high and the size of […]

Wizz Air has announced its decision to cease operations from its Abu Dhabi hub following a series of operational and financial challenges. The low-cost airline, which recently suspended flights due to engine reliability issues, cited the region’s harsh climate and rising geopolitical instability as significant factors behind its withdrawal. The airline’s use of Pratt & […]

Investors have begun turning their backs on the United States, driven by the trade turbulence and geopolitical uncertainty stemming from President Trump’s policies. This shift has provided a much-needed boost to Ashmore Group, one of London’s leading emerging market asset managers. The company reported a sharp drop in client withdrawals during the three months ending […]

CityFibre, Britain’s largest alternative full-fibre broadband network, has announced it has secured £2.3 billion in fresh funding as it seeks to both expand its network and acquire smaller rivals amidst rising industry pressures. The funding includes £960 million in debt from lenders such as ABN Amro, ING, and Lloyds, alongside Britain’s new National Wealth Fund. […]

Wealthy individuals and family offices are increasingly driving private asset acquisitions across the United Kingdom, with the value of deals soaring to £1.7 billion in the year leading up to May. This represents a significant rise from £450 million in the previous year, according to research conducted by law firm Pinsent Masons. The number of […]

Marks & Spencer has launched its first international wholesale fashion partnership, unveiling a collaboration with David Jones department stores across Australia. The British retailer, known for its dependable lingerie, womenswear, and menswear, will now offer a curated selection of its bestsellers in 24 David Jones outlets, including major cities like Sydney and Melbourne, as well […]

Bitcoin surged to a record high on Monday, surpassing $123,000, as demand for cryptocurrencies continues to grow amidst global regulatory discussions. The sharp rise has been attributed to the ongoing efforts by governments, including the United States, to integrate digital assets into mainstream financial systems. The latest surge in Bitcoin’s value follows significant institutional investment, […]

The FTSE 100 reached new heights on Monday, closing at a record of nearly 9,000 points. London’s blue-chip index rose by 56.94 points, or 0.64 per cent, to finish at 8,998.06, while the FTSE 250 climbed by 111.52 points, or 0.52 per cent, to 21,724.77. This surge occurred despite ongoing trade tensions between the United […]

Britain has seen more billionaires leave its shores than any other country over the past two years, sparking concerns that additional departures could follow if a wealth tax is introduced. Recent analysis by New World Wealth reveals that 18 dollar-billionaires, representing a quarter of the UK’s ultra-wealthy individuals, moved their tax residency abroad between 2023 […]

India’s aviation watchdog has issued directives for airlines to perform thorough inspections of fuel switches on Boeing aircraft after the devastating crash of an Air India Boeing 787 Dreamliner in June. The Air India Flight 171 tragedy, which claimed the lives of 260 people, has prompted intense scrutiny, following initial findings indicating that both engines […]

The pound has fallen to a three-week low following comments from the Bank of England governor, Andrew Bailey, about the possibility of larger interest rate cuts if the UK jobs market deteriorates rapidly. Speaking to The Times, Bailey highlighted that economic “slack” is emerging, driven by higher taxes that are placing pressure on employers. He […]

Ministers are set to examine a major shift in the ownership of the Post Office as part of the first significant review of the organisation in 15 years. This move follows the fallout from the Horizon IT scandal, widely regarded as one of the UK’s largest miscarriages of justice. The Department for Business and Trade […]

Britain is grappling with the repercussions of its third heatwave within a month. Following a wet winter, this summer’s scorching temperatures are taking a significant toll on sectors across the economy. For Rob Davies, a third-generation farmer in Herefordshire, grass and maize yields have halved, reducing output and slashing profits. “Grass is a very important […]

Graduate recruitment in the UK is undergoing significant changes as artificial intelligence (AI) becomes an increasingly common tool for job applications. Teach First, a leading charity focused on fast-tracking graduates into teaching roles, has reported a substantial shift in the way candidates seek employment. Applications for Teach First positions have surged by nearly 30% this […]