OpenAI has unveiled the latest iteration of its flagship chatbot, GPT5, marketed as the most advanced model yet in reducing incorrect or fabricated responses. The company claims this upgrade will greatly diminish the prevalence of so-called ‘hallucinations’—instances where the chatbot invents answers—an issue that has recently raised concerns within both the consumer and regulatory landscape. […]

TalkTalk has reported staggering pre-tax losses nearing £500 million as the embattled broadband provider faces its second bailout in less than a year. Sir Charles Dunstone, the company’s founder, was compelled to seek fresh funding to stave off mounting financial pressures. Newly released accounts reveal a “material uncertainty” about TalkTalk’s liquidity and its ability to […]

Keir Starmer and Rachel Reeves have initiated high level discussions to shape the upcoming autumn budget, setting the stage for expected tax increases and economic reforms. As the UK confronts sluggish growth, stubbornly high inflation, and rising unemployment, the need for new fiscal measures has become pressing. Central to ongoing talks is a near guaranteed […]

British businesses are witnessing a pronounced shift towards self-employed contractors following the recent government hike in employers’ national insurance contributions. Data gathered by Adzuna, a leading job search engine, reveals that contract job postings have soared by 20 percent since the adjustments in April, with 326068 positions currently available. This move comes after employers were […]

Profits at Bupa the UK’s most recognised private healthcare provider have surged by nearly a fifth as growing numbers of patients look beyond the NHS due to record waiting times and increasing demand for elderly care. The group’s statutory profit before tax climbed by 19 per cent to reach £501 million in the six months […]

Apple has announced a substantial new investment of $100 billion in United States manufacturing as the tech giant seeks to offset the consequences of President Donald Trump’s intensifying trade tariffs. The announcement, revealed at the White House, signifies a major escalation in Apple’s efforts to bring production closer to its largest market, with significant implications […]

Serco Group has placed itself firmly in the spotlight as a leading defence stock, following a sharp increase in orders within the sector. As the UK and other governments prepare to raise military expenditure, Serco has reported that more than 80 per cent of its £3.2 billion order intake for the year—equivalent to £2.6 billion—derives […]

The UK property market continues to defy downward trends as house prices posted a 0.4 per cent rise in July, according to the latest data from Halifax. This represents the most significant monthly increase since the beginning of the year and exceeded economists’ forecasts, which had pointed to a 0.3 per cent uptick. Year on […]

Britain’s largest advertising group WPP is embarking on a strategic review and has slashed its dividend payout in half after reporting a pronounced deterioration in financial performance. Amid continued weakened marketing spend and the departure of high-profile clients, underlying revenue less pass-through costs fell by 5.8 per cent in the second quarter, accelerating from a […]

InterContinental Hotels Group, the owner of the well-established Holiday Inn chain, has marked a significant milestone, surpassing one million rooms across its global portfolio for the first time. The FTSE 100-listed company revealed record-breaking expansion in the initial half of its financial year, opening more than 31000 rooms worldwide under its prestigious brands, including Crowne […]

A new oral medication weight loss, orforglipron, has shown promising results in a landmark trial, marking a significant step for obesity treatment in the UK. Developed by Eli Lilly, orforglipron acts on the same GLP1 receptors targeted by existing injectable drugs such as Wegovy and Mounjaro, with the key distinction that it is taken as […]

The Bank of England has lowered the UK base interest rate by 0.25 percentage points to 4 per cent, marking the lowest level in over two years. The decision was reached after an unprecedented second ballot among members of the monetary policy committee MPC, with the vote split 5 to 4 in favour of a […]

Claire’s, the retailer renowned for its jewellery and ear piercing kiosks, has entered bankruptcy proceedings in the United States for the second time within seven years. The move comes as the company grapples with diminishing consumer demand on the high street and significant shifts towards online shopping. With over 2,700 stores across 17 countries—including the […]

Honda, Japan’s second-largest automaker, has reported a dramatic 50 percent slump in its quarterly profits, citing the ongoing impact of Donald Trump’s vehicle tariffs and challenging conditions in the electric vehicle sector. The manufacturer disclosed that operating profits for the quarter fell to 244bn yen (£1.2bn) in the three months leading up to June, with […]

Shares in European drug companies slumped to a four-month low on Wednesday, after US President Donald Trump reiterated his intention to impose tariffs on pharmaceutical imports in a bid to encourage drug production within the United States. Markets reacted swiftly to the renewed threats, with the Stoxx Health Care index sliding by 2.8 per cent […]

OpenAI, the San Francisco-based artificial intelligence pioneer behind ChatGPT, is reportedly engaged in early negotiations regarding the sale of shares held by current and former employees. Should the proposed transaction go ahead, it would value the company at an extraordinary $500 billion, surpassing the valuation of Elon Musk’s SpaceX. The prospective deal marks a sizeable […]

Shares in Hiscox, one of the London stock market’s leading insurers, soared despite the company revealing a substantial $170 million loss from the devastating wildfires that struck Los Angeles in January. The insurer announced it was enlarging its share buyback scheme by an additional $100 million, boosting investor confidence. Hiscox reported first half net insurance […]

Glencore has opted to retain its primary listing on the London Stock Exchange, shelving potential plans to move to New York in a decision regarded as a show of confidence in Britain’s main stock market. The FTSE 100 mining and commodities trading giant acknowledged the depth and scale of American capital markets but concluded that […]

Uber Technologies has delivered an impressive performance in the second quarter of the year, reporting a 35 per cent rise in adjusted operating profits to $2.1 billion. This surge, fuelled by an 18 per cent increase in gross bookings, revenues, and completed trips, once again highlights the company’s growing dominance in both the digital taxi […]

McDonald’s has delivered a robust performance despite an industry-wide downturn in fast-food spending, propelled by its McValue menu and a record-breaking promotional tie-in with the upcoming Minecraft film. Global same-store sales advanced by 3.8 per cent, exceeding City forecasts and marking the fastest growth in nearly two years, as the brand drew customers back even […]

Walt Disney has lifted its profit outlook for the year after robust results from its theme parks and a strong performance in its streaming operations. The entertainment conglomerate is actively pursuing a strategy to dial down its reliance on traditional television, responding to wider industry shifts towards digital and direct-to-consumer experiences. The most recent quarter […]

Novo Nordisk, the Danish pharmaceutical titan known for its diabetes and weight loss treatments Ozempic and Wegovy, now faces a period of significant turbulence. The company has issued a stark profit warning and alerted staff that job cuts are likely, signalling a shift in strategy as it looks to restrain costs following a dramatic fall […]

Shareholders of Banco Sabadell have given the green light to the £2.65 billion cash sale of TSB to Banco Santander marking a significant shift for the British high street lender. The decision paves the way for TSB to be absorbed into the broader Santander UK group and casts uncertainty over the future of the wellknown […]

The UK construction sector has witnessed its steepest downturn since the early months of the Covid pandemic, casting significant doubt on the government’s pledge to deliver 1.5 million new homes by 2029. According to the latest S and P Global purchasing managers index PMI, activity across the building trade tumbled to 44.3 in July, down […]

Sir Keir Starmer has refused to categorically rule out income tax or national insurance rises ahead of the next budget, as economic forecasts warn of a substantial shortfall in the nations finances. The National Institute of Economic and Social Research has warned that public sector borrowing and weaker economic growth could leave Chancellor Rachel Reeves […]

President Trump has escalated trade tensions with India by increasing tariffs on Indian imports to a steep 50 per cent. This move follows Delhi’s continued purchase of Russian oil, a policy that has drawn Washington’s ire amid its efforts to pressure President Putin into a ceasefire in Ukraine. The White House initially imposed a 25 […]

Domino’s Pizza has reported a sharp decline in profits for the first half of 2025, with the company attributing this downturn to challenging trading conditions across the UK. The fast food giant opened only 11 new stores in the six months leading up to June, well below its earlier ambitions, as both franchisees and consumers […]

OpenAI, the developer behind ChatGPT, has embarked on a new competitive strategy by introducing freely available artificial intelligence models for developers to download and customise. This move positions OpenAI alongside Meta and Chinese competitor DeepSeek, both of which have already released powerful AI systems accessible for public adaptation. Previously, OpenAI’s flagship product ChatGPT operated under […]

BP is rolling out a fresh wave of cost-cutting measures, despite outperforming analyst profit forecasts, as it seeks to boost returns for shareholders and quell activist investor demands. The FTSE 100 oil and gas giant disclosed a jump in quarterly profits to $2.35bn (£1.77bn) for the period between April and June—15% lower than the exceptional […]

Google has announced its latest advancement in the pursuit of artificial general intelligence with the unveiling of Genie 3. The new model enables artificial intelligence systems to interact with sophisticated simulations that closely mirror real world environments. Developed by Google DeepMind, Genie 3 aims to accelerate progress towards AGI—a theoretical milestone at which machines can […]

The United Kingdom’s powerhouse services sector has suffered its steepest drop in new orders for nearly three years, piling pressure on the Bank of England as it prepares for its critical Thursday policy meeting. Fresh data from S&P Global Market Intelligence paints a stark picture: new business in the sector — which accounts for roughly […]

Switzerland, renowned for its longstanding neutrality and tradition of quiet diplomacy, has suddenly found itself targeted in the latest escalation of Donald Trump’s erratic trade war. In a move that stunned both policymakers and business leaders in Bern, the United States has imposed a 39 percent tariff on a wide range of Swiss exports, including […]

Norway’s $2 trillion sovereign wealth fund is facing a political storm following revelations of increased investments in Israeli companies with possible links to the ongoing war in Gaza. This controversy comes as public outrage mounts over the fund’s exposure to businesses accused of supporting military operations in the conflict-stricken region. Norwegian Prime Minister Jonas Gahr […]

The British government is preparing to clamp down on private school parents after a dramatic rise in early fee payments intended to dodge the incoming 20 per cent VAT on school fees. New investigations by HMRC will scrutinise how top UK independent schools handled large prepayments from families, amid concerns that advance payment schemes may […]

The belief that rising immigration alone can resolve Britain’s sluggish economic growth and mounting fiscal pressures has been challenged by a leading figure at the Office for Budget Responsibility. David Miles, a member of the OBR’s spending committee and a former Bank of England policymaker, says the government must focus on boosting employment among those […]

c Diageo, the global drinks giant behind iconic brands such as Guinness and Johnnie Walker, has unveiled plans to intensify its focus on cost reductions just weeks after the sudden departure of chief executive Debra Crew. The London-based group revealed an increase in its cost-savings target to $625 million over the next three years, up […]

The Bank of England is under mounting pressure to lower UK interest rates for the fifth time in a year, as concerns grow over the sluggish jobs market and the broader economic climate. According to the Times shadow monetary policy committee (MPC), seven out of nine panel members have recommended a quarter-point cut, bringing the […]

Tesla’s performance in the British market has suffered a dramatic setback, with new car registrations in July falling by 60 per cent compared to the previous year. Data from the Society of Motor Manufacturers and Traders shows Tesla managed only 987 new registrations, down from 2,462 a year prior, marking a significant drop in its […]

Neil Woodford, once hailed as a top stockpicker in the UK investment sector, and his now-defunct firm Woodford Investment Management have been hit with a £46 million fine for their role in the collapse of flagship fund. The Financial Conduct Authority has also banned Woodford from any senior role in the City, including the management […]

President Trump has alleged that two of America’s largest banking institutions, JPMorgan Chase and Bank of America, have refused to do business with him due to political motivations. During an interview with CNBC, Trump explained he had been pushed towards seeking smaller banking partners as a result of what he claims is discrimination against both […]

Shein, the Chinese fast fashion behemoth, has been hit with a €1m (£870,000) fine by Italy’s competition authority, AGCM, for what it termed “misleading or omissive” environmental messaging about its products. The move follows a trend of growing scrutiny by European regulators targeting the rapid rise of low-cost online retailers and their approach to sustainability […]

Baidu, often referred to as ‘China’s Google,’ has announced plans to trial its self-driving Apollo Go taxis on UK and German roads in 2026. This expansion, in partnership with ride-hailing giant Lyft, marks a significant moment in the ongoing competition between Chinese and Western technology firms, particularly as concerns mount over the security implications of […]

Britain’s hospitality sector is facing a severe downturn as more than 1100 pubs and restaurants have closed since Chancellor Rachel Reeves’s October Budget. Recent data from CGA and AlixPartners shows that bars, clubs, pubs and restaurants are closing at a rate of two per day with 1122 venues shutting just since last October. This sharp […]

For years, small businesses across the United Kingdom and beyond have relied on a valuable tariff exemption to export their goods to the United States. This so-called de minimis rule has permitted parcels under $800 in value to cross the Atlantic without being met by punitive duties or onerous customs paperwork. Recent developments in US […]

Zegona Communications has secured a significant boost after announcing the sale of a 25 per cent stake in its Spanish broadband joint venture with MasOrange to Singaporean sovereign wealth fund GIC for €1.4 billion. This deal leaves Zegona holding a 17 per cent interest in the full fibre network operated under the Vodafone Spain brand. […]

A consortium led by Apollo Hybrid Value, the investment arm of US giant Apollo, has acquired a £500 million minority stake in Motor Fuel Group (MFG), the United Kingdom’s largest forecourt operator. The transaction, involving a newly created special purpose vehicle, will see the consortium take a seat on MFG’s board, while the existing majority […]

Spending by British shoppers in the European Union has soared to record levels, with figures showing a more than fivefold increase in VAT free purchases over four years. Data from the Association of International Retail AIR revealed that Britons spent £742 million on tax free shopping in the EU last year alone a significant rise […]

The chasm between projected car finance compensation costs and current lender provisioning has drawn sharp analysis across the sector. The Financial Conduct Authority anticipates lenders may have to pay between £12 billion and £15 billion to consumers mistreated under discretionary commission arrangements, yet lenders have set aside only about £2 billion thus far. This shortfall […]

River Island faces an uncertain future after its proposed restructuring plan failed to win support from all classes of creditors in a court-supervised vote. Despite achieving about 80 per cent approval by value from its creditors, the company fell short of the mandatory 75 per cent threshold required from each group, including landlords, trade creditors […]

Palantir Technologies has raised its full-year revenue forecast for the second time in 2025, underlining the company’s breakneck momentum amid strong global demand for its artificial intelligence platform. The data analytics specialist now expects to generate between 4.14 billion and 4.15 billion US dollars this year, a significant increase from the previous projection of up […]

BP has delivered its most significant oil and gas discovery in a quarter of a century, striking a potentially multibillion-barrel reserve off Brazil’s coast. The FTSE 100-listed energy giant confirmed the “material” find at the Bumerangue prospect, situated some 400km offshore in the deepwater Santos basin. Drilling took place in almost 2.4km of water, revealing […]

Elon Musk is set to receive Tesla shares valued at $29 billion as the electric vehicle manufacturer seeks to ensure the loyalty of its chief executive following the blockage of his earlier multibillion-dollar remuneration by a Delaware court. The Tesla board, guided by a special committee led by chairwoman Robyn Denholm and director Kathleen Wilson-Thompson, […]

Amancio Ortega is not a household name on Teesside. Yet the Spanish billionaire behind global fashion giant Zara has reshaped the landscape with a £95 billion family office, Pontegadea Inversiones. Last week, Pontegadea snapped up a significant 49 percent stake in PD Ports, taking a pivotal role in the operation of ports at Tees and […]

On a sunny day in Norfolk, the White Horse at Brancaster Staithe is bustling with families and summer visitors, yet beneath the surface the hospitality sector is facing severe financial headwinds. The White Horse, run by Anglian Country Inns, employs around 100 people, with one third as seasonal staff, but hiring levels have dropped this […]

The Bank of England is widely anticipated to reduce interest rates this Thursday, as policymakers seek to counteract rising unemployment and the adverse impacts of new trade tariffs imposed by the United States. City traders are pricing in a quarter-point cut to 4 percent, a move that would mark the fifth consecutive reduction since August […]

Elon Musk’s social media platform X, formerly known as Twitter, has sharply criticised recent online safety legislation introduced in the United Kingdom, claiming the measures amount to censorship and could undermine the principle of free speech. In a rare and explicit challenge to UK regulation by a major technology firm, X asserted that significant changes […]

When Sarah Pye and her partner Doug Knight purchased their rural property on Anglesey, Wales, they imagined years of peaceful countryside living and a flourishing tourism business. Their dreams were upended by an unexpected series of letters from LightsourceBP, a solar energy firm, warning that their land might be forcibly acquired to make way for […]

Amazon is pushing forward with its ambitions for Britain’s skies, asserting that its aerial delivery drones will produce less noise than traditional delivery vans. The technology giant delivered these reassurances to local authorities in Darlington, County Durham, as it seeks to secure approval for what could become the nation’s first aerial package drop service. Planning […]

Ed Miliband, the UK Energy Secretary, is under mounting scrutiny for withholding details of a net zero cooperation agreement signed with China earlier this year. Despite growing demands for transparency, the government has yet to publish the full text of the memorandum—breaking with its own precedent of releasing similar agreements with Canada, Norway, South Korea, […]

Diageo the British drinks conglomerate behind Johnnie Walker is pivoting towards the rarefied heights of ultra premium Scotch as traditional sales falter and younger generations turn away from alcohol. Despite the companys rich 200 year heritage and leadership in the spirits market recent years have seen Diageo struggle with declining revenues and a change in […]

The UK housing sector is witnessing high drama as Housing Secretary Angela Rayner prepares to rescue renowned housebuilding figure Jeff Fairburn whose company’s spiralling cladding remediation liabilities now surpass £100 million. Fairburn, notorious for his £75 million payout while leading Persimmon Homes, is currently the chairman of Avant Homes—one of Britain’s largest yet financially embattled […]

Less than a third of Britons would opt to leave the European Union if the Brexit referendum were held again today, according to a new survey highlighted by The Sunday Times. The exclusive poll conducted by the think tank More in Common reveals a remarkable reversal in public sentiment, with 29 per cent of respondents […]

Heathrow Airport’s long-debated third runway project has returned to the national spotlight, with government backing and not one but two ambitious proposals vying for approval. The official plan, recently resubmitted by Heathrow’s management, carries a staggering price tag of £49 billion. However, billionaire hotelier Surinder Arora has offered a compelling alternative at about half the […]

Channel 4’s documentary on Bonnie Blue, titled “1000 Men and Me,” has ignited significant controversy within both the advertising and regulatory sectors. Major brands including Visa, Cawston Press, and Smirnoff have demanded the removal of their adverts from online broadcasts accompanying the programme. The backlash comes in response to allegations that the documentary glamorises and […]

The UK’s car finance sector has been spared a financial earthquake after a Supreme Court judgment reduced the potential compensation bill facing lenders and dealers. The decision on a long-running dispute over discretionary commission payments brings clarity to consumers, finance firms and car dealers, following more than eighteen months of uncertainty and speculation over possible […]

The Financial Conduct Authority (FCA) has indicated that compensation awarded to consumers in the ongoing car finance scandal is expected to be much less than the sums paid during the Payment Protection Insurance saga. Nikhil Rathi, chief executive of the FCA, said the amount involved is likely to be “substantially less” than the PPI redress, […]

Gold has been breaking records throughout 2025, with a significant increase in demand driven by market volatility and concerns over the global economic outlook. The World Gold Council, the authority on gold mining and investment, reported that the value of gold demand soared 45 per cent year-on-year in the second quarter to an unprecedented $132 […]

Brookfield Wealth Solutions has made headlines with a £2.4 billion cash offer for Just Group, the London-listed retirement specialist, signalling renewed momentum in overseas acquisitions of UK financial businesses. The Canadian investment powerhouse, through its insurance arm, has agreed a 220p per share bid—representing a notable 75 per cent premium on Just Group’s closing share […]

Investors have begun cutting their exposure to American equities and are rediscovering appetite for the previously overlooked British market, according to the London Stock Exchange Group. Recent shifts in investment flows are reversing a decade-long trend which left London out of favour with global investors, particularly following the UK’s Brexit referendum in 2016 and years […]

Microsoft has achieved a remarkable milestone by surpassing a four trillion dollar market capitalisation marking it as only the second publicly traded company after Nvidia to reach this lofty valuation. The milestone was crossed as Microsoft’s shares surged by over five per cent to five hundred and thirty nine dollars and twenty two cents driving […]

The competition watchdog has raised significant concerns about the grip Microsoft and Amazon hold over the United Kingdom’s cloud computing market. According to a panel from the Competition and Markets Authority CMA the dominance of these American technology titans is distorting competition and impeding the growth of viable alternatives. The panel noted that both Microsoft […]

Rolls-Royce has delivered yet another strong set of results, sending its shares to record highs after the British engineering giant raised annual profit guidance on the back of what chief executive Tufan Erginbilgic declared an “unmatched” growth trajectory within the FTSE 100. Underlying operating profits for the year are forecast to reach between £3.1 billion […]

Fresh figures have revealed that over one million foreign citizens are now receiving universal credit in Britain, highlighting intensified debates on the future of the welfare system and the effectiveness of current policies. With a total of 7.9 million individuals now claiming universal credit, the details show that 3.6 million have no requirement to look […]

Recent government figures reveal just 900 individuals receiving the highest level of incapacity benefits joined a voluntary employment coaching scheme last month, prompting renewed debate over welfare reform and employment support for those out of work due to ill health. Since 2022, only 14,000 people within the Limited Capability for Work or Work Related Activity […]

The United Kingdom faces a surge in gas imports after a sharp decline in North Sea production triggered by Energy Secretary Ed Miliband’s policies. Official government data published this week reveal imports of gas soared by 20 per cent between January and March as North Sea output suffered a nearly seven per cent fall in […]

British patients are preparing for a technological leap as Elon Musk’s Neuralink begins its maiden clinical trials in the United Kingdom. With approvals from UK medical regulators now secured, the collaboration between Neuralink, University College London Hospitals, and Newcastle upon Tyne Hospitals Trust marks a pivotal step in commercialising braincomputer interface technology on British soil. […]

Alzheimers patients can extend cognitive health for years with breakthrough drugs ||| Groundbreaking trial results have revealed that radical new treatments can effectively stall the progression of Alzheimer’s disease for up to four years, offering unprecedented hope to patients and investors focused on healthcare innovation. The latest study follows the trajectory of 478 patients using […]

Unilever’s soon to be independent ice cream business registered robust growth in the first half of the year, driven by strong demand for brands such as Magnum, Ben and Jerrys, and Cornetto. The company’s ice cream division posted a 5.9 per cent growth in underlying sales, outpacing the broader group and reinforcing investor interest ahead […]

Britain’s leading retailers have cautioned that further tax rises in the upcoming autumn budget may force shops to increase prices, deepening the pressure on household finances and threatening more job losses. Chains such as Iceland, Poundland, and New Look have already announced widespread store closures, reflecting mounting concerns from the retail industry over escalating operating […]

Next has reported a sharp rise in full-price sales for the thirteen weeks to 26 July, attributing its success to unseasonably warm weather and a disruptive cyber-attack at its major competitor, Marks & Spencer. Full-price sales grew by 10.5% compared to the same period last year, beating guidance by £49 million and coming in well […]

Microsoft has cemented its position as a powerhouse in the technology sector, capturing Wall Street’s attention with its impressive foray into artificial intelligence and a robust financial performance. The Redmondbased company has reported fiscal fourthquarter results that surpassed analysts’ forecasts, continuing a streak of outperformance that has spanned five consecutive quarters. Shares in Microsoft are […]

Labour has signalled a robust approach to late payment practices, with new government measures set to impose severe penalties on firms delaying payments to suppliers. Jonathan Reynolds, the business secretary, revealed the scale of the problem, with late payments costing the UK economy an estimated £11bn annually and contributing to the closure of up to […]

Stellantis, the automotive giant behind such marques as Peugeot, Jeep, Chrysler and Fiat, is confronting a tumultuous period following the announcement of a €2.3 billion net loss for the first half of 2025. Fresh US tariffs on imported vehicles are expected to deliver a further €1.5 billion blow to the company’s financial results, compounding an […]

Procter & Gamble, the globe’s largest consumer goods company, has issued a cautious outlook for the year ahead, despite delivering a modest rise in quarterly sales that outpaced analysts’ expectations. The firm, renowned for brands such as Gillette, Pampers and Head & Shoulders, reported that net sales in the fourth quarter lifted 2 per cent […]

Greggs chief executive Roisin Currie has stressed the company’s ambitions to expand beyond 3000 UK stores, despite a significant fall in pre-tax profit and the impact of unpredictable weather on consumer behaviour. The well-known high street baker, currently operating 2649 outlets, faces analyst concerns that domestic growth may be approaching its natural limits. However, Currie […]

AstraZeneca has reported record second quarter revenues, propelled by robust oncology sales and expansion in the United States, surpassing City expectations. The pharmaceutical company’s total revenue rose by 11 per cent to $14.5 billion, ahead of analyst consensus forecasts of $14.2 billion, as its broad and diverse portfolio of medicines continued to deliver strong growth. […]

The relationship between the UK government and the Bank of England has taken a fresh turn as Governor Andrew Bailey stepped in to block a planned meeting between Chancellor Rachel Reeves, fintech giant Revolut, and the Prudential Regulation Authority. The meeting, intended to discuss Revolut’s ambitions to launch a banking business in Britain, was reportedly […]

A breakthrough in the battle against Alzheimer’s disease may be on the horizon after promising trial results revealed the potential of an innovative drug developed by Roche. Trontinemab has delivered impressive outcomes in early-stage clinical testing, giving new hope to both patients and investors monitoring the healthcare sector. In the phase two trial, 49 out […]

President Trump has sharply rebuked the UK government over its tax regime for North Sea oil, declaring the resource a “treasure chest” and warning high taxes threaten its economic potential. During the final day of a private visit to Scotland, the US president highlighted what he called excessively high levies that discourage investment from drillers […]

The International Monetary Fund has given a boost to the United Kingdom’s economic outlook, upgrading growth forecasts for both 2025 and 2026. Despite lingering concerns over global trade tensions, the IMF revised Britain’s GDP growth estimate for 2025 from 1.1 per cent to 1.2 per cent, with the projection for 2026 remaining steady at 1.4 […]

US government debt known as Treasuries is seen as a foundation of the global financial system with almost $900 billion of bonds exchanged daily in a market approaching $30 trillion in value The Trump administration is now proposing a radical overhaul allowing America’s largest banks to exempt Treasuries from balance sheet risk calculations a move […]

AstraZenecas chief executive has described the pharmaceutical giant as a very American company following rising speculation about a potential shift of its main stock market listing from London to New York. Speaking from New York after publishing the companys half year results Sir Pascal Soriot highlighted Americas pivotal role and AstraZenecas deep roots in the […]

The chief executive of Barclays has cautioned Chancellor Rachel Reeves against increasing taxes on British businesses, arguing that such measures could undermine ambitions to boost the UK’s economic growth. CS Venkatakrishnan delivered a pointed warning that any moves to raise taxes for major banks and other vital growth sectors like pharmaceuticals and biotech could put […]

The International Monetary Fund has urged the Bank of England to deliver two additional interest rate cuts this year in a bid to stimulate Britain’s faltering economy. As it stands, rates have already dropped twice in 2025, landing at 4.25 percent. Despite these moves, the IMF has highlighted persistent vulnerabilities, attributing a sense of economic […]

Dozens of Aeroflot flights departing Moscow’s Sheremetyevo airport were abruptly cancelled on Monday, leaving scores of holidaymakers stranded and raising pressing questions about the security of Russia’s aviation infrastructure. The disruption coincided with the height of the summer holiday season in Russia and caused significant frustration among travellers, many of whom took to social media […]

Tesla has secured a significant £12.3bn partnership with Samsung to manufacture its forthcoming generation of artificial intelligence (AI) chips at the Korean firm’s new facility near Austin, Texas. This landmark agreement, valued at $16.5bn, marks a pivotal step for both companies and cements Texas as a major hub for high-tech innovation. Announced in a regulatory […]

Britain stands at a potential turning point in its approach to wealth and fairness. A group of leading economists, including renowned French authority on inequality Thomas Piketty and Indian development economist Jayati Ghosh, have called on Prime Minister Keir Starmer and Chancellor Rachel Reeves to lay the groundwork for a new wealth tax. Their open […]

The European Union has come under intense criticism from within its own ranks following the announcement of a new US-EU trade arrangement, described by French Prime Minister François Bayrou as a “dark day” for the bloc. The agreement, initiated in a high-stakes summit at Donald Trump’s Scottish golf resort, will see tariffs on European exports […]

Britain’s economy has received an unexpected boost in the early months of 2025 following US President Trump’s sweeping tariffs imposed on nearly every international trading partner. The EY Item Club has revised its GDP growth projection for the UK to 1 per cent this year, up from the earlier estimate of 0.8 per cent, attributing […]

Shares in STV Group plummeted to a twelve year low after the Scottish media company warned that revenue and adjusted operating profit for the year would be significantly below market forecasts. The company, which operates the Channel 3 television licence in Scotland and runs the digital STV Player and STV Studios production arm, released an […]