Centrica, the owner of British Gas, has made a significant £1.5bn investment in the UK’s energy future by acquiring Europe’s largest liquefied natural gas (LNG) import terminal on the Isle of Grain in Kent. This decision comes at a critical juncture, as UK gas demand fell to its lowest level since the early 1990s last […]

Fresh claims of a mass departure by wealthy non-domiciled residents in response to recent tax changes may be exaggerated, as new reports suggest their numbers align closely with government forecasts. The chancellor, Rachel Reeves, ended the longstanding non-domiciled tax status in April, a policy that once allowed affluent individuals with international ties to shield overseas […]

The latest figures from the United States reveal a steeper than expected rise in producer prices for July, raising fresh concerns over stagflation and the likelihood of imminent interest rate cuts. The producer price index (PPI), a key measure of inflation at the wholesale level, increased by 0.9 per cent last month. This figure surprised […]

London-listed miner Antofagasta has reported a remarkable 63 per cent increase in first-half profits, driven by a combination of higher copper production, robust commodity prices, and lower operational costs. The Chilean-based company revealed that revenues jumped by 29 per cent to $3.8 billion, a performance that exceeded analyst expectations. This growth was achieved amid a […]

Saudi Arabia’s sovereign wealth fund has reduced the value of its flagship “giga-projects” by eight billion dollars, casting a fresh spotlight on the challenges facing the kingdom’s high-profile economic transformation plans. The Public Investment Fund’s (PIF) recent annual report reveals that projects such as Neom, a high-tech development in the desert, are now valued at […]

Exports of Scottish salmon to the United States have surged in the first half of 2025, more than doubling to £190 million, in spite of ongoing tariff barriers. According to data from HMRC, global exports of Scottish salmon are on track to approach £1 billion for the year, buoyed by a 23 per cent year-on-year […]

The value of UK exports to the United States has fallen sharply, reaching its lowest point since February 2022 following the introduction of sweeping tariffs by President Trump. Official trade figures reveal a 15 per cent decline, equivalent to £700 million, in UK goods exported to the US during June this year. This drop came […]

Gatwick Airport’s ambition to launch a second runway by 2030 faces mounting obstacles as business rates and transport logistics take centre stage in negotiations. Outgoing chief executive Stewart Wingate remains “optimistic” about the airport’s £2.2 billion expansion, yet warns the project remains in jeopardy without urgent government intervention. Gatwick proposes converting its northern relief airstrip […]

Admiral, one of the United Kingdom’s largest motor insurers, has allocated £50 million to compensate customers who received unfair settlements for stolen or written-off vehicles. In half-year financial results released on Thursday, the group admitted it had not acted quickly enough to reflect rising used-car prices in its claims assessments. The discrepancy in payouts affected […]

A technological leap has brought braincomputer interfaces a step closer to allowing patients with severe paralysis to communicate as effortlessly as conversational speech. Researchers at Stanford University have developed a brain implant capable of recognising a person’s imagined words and translating their thoughts into speech with unprecedented accuracy. The new device, which was the focus […]

A major rise in the cost of Mounjaro is set to impact more than a million weight loss patients across Britain next month amid an international dispute over medicine prices. Eli Lilly, the US based manufacturer, has announced the UK list price for Mounjaro will almost double from 1 September, aiming to align UK prices […]

Scientists at the Massachusetts Institute of Technology have harnessed artificial intelligence to design two innovative antibiotics capable of combating superbugs such as MRSA. This breakthrough could usher in a new era for the discovery of these vital drugs, a sector where much of the pharmaceutical industry had lost momentum in recent decades. Using advanced AI […]

A proposed £500m acquisition of the Telegraph Media Group by a consortium led by RedBird Capital is under mounting scrutiny after a coalition of human rights and freedom of expression organisations appealed to the culture secretary to halt the sale. The groups are raising serious concerns about RedBird Capital’s links to China, warning that media […]

Chancellor Rachel Reeves is facing heightened scrutiny as Britain’s economic growth remains sluggish one year after Labour’s ascent to government. With official figures expected to show that GDP crept up by just 0.1 percent in the last quarter, Reeves is emphasising a renewed effort to confront the UK’s longstanding productivity problem in her upcoming autumn […]

Thames Water is set to announce that the price tag for its proposed reservoir near Abingdon in Oxfordshire has soared to as much as £7.5bn, a substantial escalation from the initial £2.2bn projection. The revelation comes as the company points to spiralling construction expenses and heightened material costs, rapidly outstripping previous assumptions for the development. […]

The global oil market is heading towards a historic oversupply in 2026, driven by aggressive production increases from the Saudi-led Opec+ bloc, as worldwide demand falters. The International Energy Agency (IEA) has warned that oil markets appear “ever more bloated,” with supplies set to outpace consumption by a significant margin over the next two years. […]

The recent abolition of the non-dom tax regime has ignited debate across Britain’s financial and construction communities, as influential voices call for a re-evaluation of the move’s impact on foreign investment. Leo Quinn, chief executive of construction giant Balfour Beatty, has emerged as a leading figure urging Chancellor Rachel Reeves to soften her approach to […]

Europe’s largest travel operator, Tui, has delivered stronger-than-anticipated profits and revenues despite facing a turbulent operating environment across the continent. The Frankfurt-listed giant, whose portfolio stretches across five European airlines, major hotel chains, travel agencies and cruise lines, announced third-quarter pre-tax earnings of €321 million—a surge of more than a third, topping prior market forecasts. […]

Rolls-Royce, a titan of British engineering, is setting its sights on becoming the largest publicly listed company in the United Kingdom by market value. Chief executive Tufan Erginbilgic, who took the helm at the Derby-based group in 2023, believes this ambition could be realised by a surge in demand for small modular nuclear reactors. These […]

Virgin Trains has struck a major deal with French manufacturer Alstom for a fleet of twelve high-speed trains, signalling Sir Richard Branson’s determined effort to compete directly with Eurostar on cross-Channel routes. The new agreement, described as “binding exclusivity,” enables Virgin to access the latest generation of Avelia Stream rolling stock, which is already operational […]

Global equities rallied on Wednesday as mounting optimism for interest rate reductions by the US Federal Reserve sent markets to fresh all-time highs. The FTSE 100, London’s blue-chip index, climbed 17.42 points or 0.2 per cent to close at 9,165.23, setting a new record and taking gains for the year to an impressive 12.1 per […]

The intensifying rivalry between technology billionaires Sam Altman and Elon Musk has shifted into a new and highly advanced sphere as both compete to establish a direct connection between the human brain and machines. Artificial intelligence now sits at the heart of brain computer interface developments that promise life-changing capabilities for those with paralysis and […]

Proposals to restrict the ability of parents to make unlimited tax-free gifts to their children could render the United Kingdom a difficult environment for wealthy individuals, tax specialists have warned. The Treasury is reportedly evaluating measures that would tighten the rules on gifting assets and money, aiming to address the fiscal gap ahead of the […]

Ministers have unveiled fresh measures compelling vape sellers to pay for the disposal and recycling of their products, in a bid to tackle the UK’s mounting electrical waste problem. The government is determined to end what it describes as the “throwaway culture” by placing greater responsibility on producers and online vendors of electronic goods. Electronic […]

The global financial markets reacted positively following President Donald Trump’s decision to extend the truce in the ongoing trade dispute between the United States and China for an additional ninety days. Signed late on Monday night, the executive order postpones the implementation of higher tariffs until 10 November, averting the imminent threat of a dramatic […]

The Treasury is actively reviewing reforms to inheritance tax (IHT) in an effort to close a significant gap in the nation’s public finances ahead of the upcoming autumn budget. With the deficit projected to exceed £40bn, officials are exploring the tightening of rules around the gifting of money and assets as one avenue to increase […]

Official figures have revealed that Labour has placed more than a million working age Britons onto jobless benefits with no requirement to search for employment. Since Sir Keir Starmer entered Downing Street, the number of people exempt from job seeking on Universal Credit has now reached 3.7 million, almost half of all claimants for Britain’s […]

Profits at PageGroup, one of Britain’s largest recruitment firms, have nosedived by more than 99 per cent in the first half of the year as the protracted downturn in the global hiring market continues to bite. The company, well known for its accountancy sector placements, revealed that demand for its services across Europe has weakened […]

Elon Musk has announced his intention to take legal action against Apple, alleging that the technology giant favours his former company, OpenAI, within its App Store to the detriment of rivals. Musk’s company, xAI, claims Apple has created conditions where no AI company other than OpenAI can achieve the top App Store ranking, calling this […]

Waitrose has reported a significant nationwide upswing in sales and searches for hallmark Scottish food and drink since the outset of the Edinburgh Fringe Festival on 1 August. According to recent figures, interest in products such as haggis, whisky, salmon, oats and Scottish cheese has soared, with the supermarket chain noting a 900 per cent […]

Entain, the owner of Ladbrokes and Coral, has upgraded its full-year expectations following impressive results in the first half of the year, with significant growth in the UK and Ireland. The company now anticipates online net gaming revenue to grow by around 7 per cent on a constant currency basis for 2025, revising its previous […]

Rachel Reeves has acknowledged there is “more to do” on employment after fresh data revealed a slowdown in wage growth and a drop in payroll numbers in the latest quarter. The figures offer clear evidence of a cooling labour market which comes in the wake of the chancellor’s national insurance hike and a sharp rise […]

US equity markets surged to new heights on Tuesday after official figures revealed inflation remained steady at 2.7 per cent in July. This development fuelled investor optimism that the Federal Reserve may lower interest rates at its next meeting, intensifying trading activity and drawing attention from global financial observers. The S&P 500 index, widely regarded […]

Shareholders of Assura, a leading landlord to the NHS, have voted decisively to merge with Primary Health Properties (PHP) rather than accept a £1.7 billion all-cash takeover from American private equity group KKR and its partner Stonepeak. The vote, which concluded with 62.9 per cent in favour of the PHP merger, brings to an end […]

Perplexity AI, a fast-rising artificial intelligence start-up based in San Francisco, is reported to have offered a striking $34.5 billion for Google Chrome, the world’s most widely used web browser. The move comes as Google contends with a protracted antitrust case in the United States, where it faces mounting pressure to divest key assets and […]

The government is preparing to take Thames Water, the UK’s largest water utility, into temporary public ownership, paving the way for a potential sale to a major Chinese infrastructure company. Ministers, with Environment Secretary Steve Reed at the forefront, are actively making arrangements to commence a special administration regime for Thames Water. This measure would […]

Santander has introduced sweeping changes to its mortgage lending policies, making it easier for certain higher-earning couples to borrow substantially more towards their home purchases. The move comes after interventions by the City regulator and the Bank of England, which have encouraged lenders to open up the market amid concerns that traditional tests were unnecessarily […]

Ministers have pledged to accelerate key nuclear projects across Britain, aiming to position the country as a global leader in green energy. The move accompanies a Government-commissioned taskforce’s call this week for a comprehensive overhaul of the UK’s nuclear regulations, which it characterised as excessively slow, inefficient, and costly. The independent taskforce’s inaugural report spotlighted […]

CK Infrastructure, a leading Hong Kong-based utilities investor, is on the verge of securing a £2 billion agreement to acquire the Isle of Grain liquefied natural gas terminal from National Grid. This landmark deal would add Europe’s largest LNG terminal to CKI’s already extensive UK portfolio, solidifying its position across Britain’s energy infrastructure sector. Listed […]

Marshalls, the FTSE 250 construction materials specialist, has sounded alarm bells over the health of the home improvement market as spending slumps and the company faces tumbling profits. The group, well-known for its pavements, paviors, and roofing products, reported a near collapse of its flagship landscaping division’s profitability in the first half of 2025. Half-year […]

Andrew Rennie, chief executive of Domino’s Pizza, has sharply criticised the slow pace of the UK’s planning system, blaming excessive red tape for a dramatic slowdown in the company’s store openings this year. The FTSE 250-listed pizza delivery chain, which aims to operate 2,000 outlets in the UK and Ireland by 2033, managed to open […]

More British investors than ever are finding themselves liable for dividend tax as persistent cuts to the tax-free allowance pull millions into HM Revenue & Customs’ net. Fresh figures from HMRC reveal that a record 3.7 million people will pay dividend tax in the 2024 to 2025 tax year, close to double the number two […]

Shares in Ørsted, the world’s largest developer of offshore wind farms, endured a dramatic drop after the group announced a £7.4 billion capital raise. The funding move followed a wave of jitters sparked by the Trump administration’s decision to halt construction of Equinor’s Empire Wind project off the New York coast earlier this year. The […]

The founder of the UK’s preeminent toy retailer, The Entertainer, is preparing to place the company in the hands of its 1900-strong workforce. Gary Grant and his wife Catherine, who transformed the enterprise from a single Amersham shop into a national chain of over 160 stores and more than 1000 concessions in major retailers, are […]

Ambitions at Pasta Evangelists are rising as the London-based fresh pasta specialist charts a bold course for expansion. Defying the current challenges within the British hospitality sector, the company aims to open 100 new restaurants across the UK, a move set to create up to 1,500 jobs and bring a taste of Italy to high […]

President Trump has announced a 90 day extension on the deadline for higher tariffs on Chinese imports, offering a pause in the escalating trade tensions that have unsettled global financial markets this year. Tariffs on Chinese goods were scheduled to soar to triple digit rates, a move many feared would disrupt international supply chains and […]

The European automotive industry is approaching a point of crisis according to Ola Källenius, chief executive of MercedesBenz and current president of the European Automobile Manufacturers Association The combination of stricter zeroemission regulations ongoing trade disputes with the United States intensified Chinese competition and soft demand for premium vehicles is threatening the viability of car […]

President Trump has publicised a compromise reached with AI chipmakers Nvidia and AMD, securing their continued business operations in China in exchange for a 15 per cent levy to the United States government on their China revenue. The agreement marks a significant shift in Washington’s position towards advanced semiconductor sales, as China remains an essential […]

Luxury jeweller Fabergé, renowned for its opulent imperial Russian Easter eggs, has changed hands in a deal valued at $50m. The sale sees Gemfields, the gemstone mining company, agreeing to transfer ownership of Fabergé to SMG Capital, a US investment firm headed by technology investor Sergei Mosunov. Gemfields originally acquired Fabergé in 2013 for $142m […]

The chief executive of US semiconductor powerhouse Intel, Lip-Bu Tan, has spoken out following intense pressure from President Donald Trump to step down over alleged connections to China. In a direct message to employees, Mr Tan emphasised his commitment to maintaining the highest ethical standards and reinforced his dedication to prioritising both national and economic […]

BP is set to restart production at the Murlach oil and gas field in the North Sea, reversing a trend of declining output and industry retreat. The decision follows significant technological advancements, rendering the once unprofitable field, located 120 miles east of Aberdeen, viable after it was decommissioned in 2004. BP’s move comes despite political […]

It was well past midnight in late 2015 when David and Samantha Cameron, escorted by George Osborne, emerged from the Coral Room at Sexy Fish, a Mayfair restaurant favoured by Britain’s elite. With well-connected hosts Steve Hilton and Rachel Whetstone, the gathering initially appeared a regular soiree among high-flying friends. Yet, these were not ordinary […]

Zuber Issa, one of the billionaire brothers who built EG Group into a global petrol forecourt force, is urging the company to divest its $5 billion US business in preference to a full flotation. Issa, who retains a 25 percent stake in EG Group, has suggested that a direct sale of the American forecourt operation […]

When Nike featured Colin Kaepernick at the centre of its 2018 campaign, it appeared that the age of social justice advertising had reached its zenith. Kaepernick, an NFL player sidelined after his protests against racial injustice, symbolised what was then a prevailing trend: brands aligning themselves with high-profile causes and virtue signalling in the name […]

Official figures have revealed that the real cost of Sir Keir Starmer’s Chagos Islands agreement is nearly £35bn—ten times higher than the publicly claimed amount. The Labour Government’s estimate for relinquishing the British Indian Ocean Territory to Mauritius far exceeds the £3.4bn figure previously cited by Starmer. This discrepancy emerged after documents released through a […]

Topshop, one of the most influential names in British high street fashion, is set to make a significant return with its first catwalk show in seven years. The showcase, scheduled just ahead of London Fashion Week in mid September, marks the brand’s ambition to reclaim relevance in a fashion landscape transformed since its heyday. The […]

Elon Musk’s Tesla is on the brink of a significant move into the UK energy sector. The renowned US electric car manufacturer has officially applied to the Great Britain energy regulator Ofgem for a licence to supply electricity to homes and businesses. If approved, the business will operate under the brand Tesla Electric, setting the […]

The chief executive of Soho House, Andrew Carnie, has highlighted a surge in demand for wellness treatments such as intravenous drips and hyperbaric chambers, which is helping steer the private members’ club business into a period of improved profitability. Soho House, which is headquartered in London and listed on the New York Stock Exchange, has […]

Britain’s largest bioethanol plant stands on the brink of closure, with the owner issuing an ultimatum to ministers for urgent government intervention. Vivergo, part of Associated British Foods and based in the East Riding of Yorkshire, must secure support by 18 August or risk shutting its doors, potentially ending operations that support 160 direct jobs […]

The London Stock Exchange could soon witness a resurgence in initial public offerings as New Princes, the Italian-owned food group behind household brands such as Princes Tuna, Crisp N Dry and Napolina, prepares for a major share listing. The business is in discussions with investors regarding an autumn float that would value it at a […]

Ministers are preparing to implement the most significant shakeup to UK driving laws in nearly two decades as part of a new road safety strategy aimed at reducing casualties on British roads. Central to these reforms is a proposal to ban drivers over the age of 70 from the roads if they fail newly introduced […]

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 […]