Tesla is facing mounting challenges in the European automotive market, with sales plummeting sharply as competition from Chinese manufacturers intensifies. The American electric vehicle giant, headed by Elon Musk, saw sales drop by 40 per cent in July across Europe, the United Kingdom and Scandinavia, delivering just 8,800 vehicles despite relaunching the Model Y and […]

Robert Moorhead, former finance chief of WH Smith, has postponed his planned move to join the board of Greggs amid an ongoing investigation into an accounting mistake at his previous employer. Moorhead, who left WH Smith last year after more than two decades at the helm of its finances, was due to step into the […]

Lotus announced plans to eliminate up to 550 jobs in the United Kingdom, representing 40 per cent of its domestic workforce, as the iconic sports car manufacturer confronts falling sales and mounting uncertainty regarding global tariffs. Despite these cuts, Lotus emphasised its sustained commitment to its Hethel factory in Norfolk, the longstanding home of its […]

Eli Lilly, the US manufacturer of the weight management injection Mounjaro, has announced a new discount for private pharmacies in the UK. The move follows widespread concern after the company more than doubled Mounjaro’s list price, sparking warnings from more than 1.5 million British patients, many of whom feared they would be forced to stop […]

Pressure is mounting on the British government as senior political figures across the spectrum urge withdrawal from the European Convention on Human Rights ECHR to address the escalating migration crisis. The debate reached a new intensity after Sir Malcolm Rifkind, a former foreign secretary under both Thatcher and Major, publicly supported leaving the treaty, citing […]

The Home Office’s obligation to meet the human rights of asylum seekers by providing hotel accommodation has taken centre stage at the Court of Appeal, with significant implications for both national policy and local communities. Tensions have escalated after Epping Forest District Council secured an injunction to prevent asylum seekers being housed at the Bell […]

On both sides of the Channel, storm clouds are gathering over the economies of Britain and France. The threat of a rescue by the International Monetary Fund now looms as both countries grapple with spiralling public debt and ballooning borrowing costs. Paris and London find themselves staring at unsettling parallels: bond yields for each now […]

Billionaire Sir Jim Ratcliffe has sold his iconic British leather jacket brand Belstaff to sportswear manufacturer Castore, underscoring a decisive step back from the broader ambitions of his Ineos conglomerate. The deal, which completed on Thursday, sees Ineos parting with control of Belstaff after an eight-year stewardship, while taking a minority stake in Castore. Castore, […]

The government’s anticipated savings from changes to the winter fuel payment policy have been dramatically reduced following a policy reversal and a surge in pension credit claims. Chancellor Rachel Reeves and Labour leader Sir Keir Starmer were compelled to backtrack on their pledge to scrap the winter fuel payment for most pensioners after a sharp […]

Allan Leighton, chairman of Asda, has called on Chancellor Rachel Reeves to reconsider planned tax hikes in the upcoming Budget, warning that relentless taxation is stifling economic growth and further squeezing British households. Leighton’s intervention comes as food inflation continues to outpace incomes, causing real financial distress for shoppers across the UK. Leighton emphasised the […]

Lego has achieved a remarkable milestone, posting record sales for the first half of the year as it expanded its range with an impressive 314 new sets and saw growth across global markets. Revenues surged by 12 per cent, reaching an all-time high of 34.6 billion Danish kroner, approximately £4 billion. Operating profit also experienced […]

JD Sports Fashion has seen its shares climb following a smaller than expected decline in second quarter sales coupled with a pledge to uphold its annual profit guidance. The British retail group reported a 3 percent fall in like for like sales for the three months ending in August, attributed largely to weaker results in […]

Costa Coffee, Britain’s leading high street coffee chain, has attracted interest from potential buyers as Coca Cola considers divesting the brand. Apollo Global Management, the owner of Wagamama’s parent group, is understood to have entered preliminary discussions with Lazard, advisers to Coca Cola, as part of the process. While KKR, another prominent private equity firm, […]

The removal of tax-free shopping for international visitors has delivered a fresh blow to Londons West End, costing the district £310 million in lost sales during the first half of the year. This latest figure marks a sharp 40 per cent rise on the £220 million lost in the same period last year and represents […]

British households are set to face higher energy bills from October as the rising cost of paying wind farms to switch off pushes annual prices up by two per cent. Ofgem, the energy regulator, confirmed that the price cap will increase by £35 a year for the final quarter, raising a typical annual bill to […]

Nvidia, the world’s most valuable company, delivered second quarter results that outpaced expectations, propelled by unrelenting demand for its advanced artificial intelligence chips. Revenue climbed 56 per cent over the same period last year to $46.74 billion, comfortably surpassing analyst forecasts of $46.05 billion. The company’s net income soared to $26.4 billion, marking a 59 […]

The Treasury is actively considering a tax increase on landlords by extending national insurance contributions to rental income for the first time. In a move designed to fill a potential £40 billion gap in public finances, officials are weighing up proposals that could see landlords paying national insurance at the same rate as employees on […]

Britain is facing an unprecedented demographic challenge as new figures reveal the fertility rate in England and Wales has plunged to an all-time low of 1.41 children per woman. This decline, from 1.42 in 2023 and well below the 2010 figure of 1.94, is fuelling concern about the country’s ageing population and the long-term sustainability […]

When Coca-Cola purchased Costa Coffee in 2018 for £3.9bn, the move was seen as a daring leap into the vibrant coffee market, promising to diversify the soft drink giant’s portfolio. Now, just seven years later, signs point to retreat as Coca-Cola considers selling Britain’s biggest coffee chain, with analysts suggesting Costa may fetch as little […]

Britain faces a growing crisis in its life sciences sector as a senior executive at Novartis has declared the UK “uninvestable” owing to stringent and outdated drug pricing policies. Johan Kahlström, the UK managing director at the Swiss pharmaceutical giant, has criticised the government’s approach, which he claims is stifling innovation and driving vital investment […]

Greg Jackson, the founder of Octopus Energy, has secured a notable government advisory position just weeks after a public divergence with Ed Miliband over energy pricing strategy. Jackson is set to join the Cabinet Office board as one of three non-executive members, signalling a significant move by the government to inject technology-driven thinking into Whitehall’s […]

Senior figures within the Labour Party are intensifying calls for urgent reform of the European Convention on Human Rights in response to the ongoing migration crisis. Jo White, leader of the influential Red Wall caucus of over 40 Labour MPs, has publicly voiced that the ECHR, established more than six decades ago, requires a comprehensive […]

Eli Lilly, one of the world’s largest pharmaceutical companies, has temporarily halted orders of its highly sought-after weight-loss injection, Mounjaro, to the UK. This move comes as the market braces for a dramatic price surge of up to 170 per cent next week, sparking concern among patients and pharmacists alike. From Wednesday evening, pharmacies have […]

Filtronic, the British radio frequency specialist, has clinched its largest-ever contract—a near £50 million agreement—with Elon Musk’s SpaceX to bolster the Starlink satellite internet constellation. The County Durham-based company, renowned for its cutting-edge transmitters and receivers, will supply new technology delivering enhanced efficiency, increased power and improved temperature control to the Starlink infrastructure. This contract […]

Multinational companies continue to confront growing criticism for their continued financial contributions to the Russian state more than three years after the invasion of Ukraine. A recent report by the Kyiv School of Economics and campaign group B4Ukraine reveals that international businesses operating within Russia paid at least 20 billion dollars in tax to the […]

The United Kingdom is facing a renewed escalation in food price inflation, with August recording the sharpest increase in nearly one and a half years, worrying policymakers at the Bank of England and deepening the squeeze on household finances. Figures released by the British Retail Consortium and the market research firm NIQ indicate that food […]

Victoria Beckham’s fashion and beauty empire surpassed £100 million in annual revenues for the first time in 2024, according to the latest company accounts, yet continued to operate at a loss even as consumer appetite for its signature products intensified. The former Spice Girl’s label sold one Satin Kajal eyeliner every 30 seconds last year […]

Nvidia stands on the brink of another highly scrutinised earnings report amid swirling investor anticipation and nervous energy across global equity markets. Its stature as the largest company in the world by market capitalisation — the first to cross 4 trillion dollars — ensures that whatever unfolds will resonate far beyond the technology sector. Chief […]

Close to one billion pounds was erased from the stock market value of some of Britain’s leading retailers on Tuesday as rising anxiety over potential tax hikes and job losses dented consumer confidence. Deutsche Bank analysts issued a warning that their “fear index” has begun indicating increased apprehension among British consumers. With a weakening employment […]

Debenhams Group is actively exploring the sale of its underperforming youth brand Pretty Little Thing as part of a comprehensive turnaround initiative under chief executive Dan Finley. Since assuming leadership in November after John Lyttle’s resignation, Finley has committed to leaving “no stone unturned” in his effort to reposition the struggling fashion retailer, previously known […]

Rachel Reeves faces a mounting economic challenge as she prepares for the autumn budget, following a surge in UK government borrowing costs that have reached near three decade highs. The yield on the 30 year government bond climbed to 563 percent on Tuesday, the highest level seen since 1998. This surge comes amidst a global […]

Brussels and Washington have unveiled the specifics of a major EU-US trade agreement, delivering a considerable boon to Ireland’s pharmaceutical sector. Under the terms, the United States will impose a ceiling of 15 per cent on tariffs for EU pharmaceutical exports. For Ireland, this offers a vital shield: Donald Trump’s earlier threats of triple-digit tariffs […]

Compared to the opulent casinos of Las Vegas or the grandeur of Macao, British gaming establishments have long cut a more understated figure. That era could soon be drawing to a close following sweeping regulatory reforms set in motion over the summer, which have allowed casinos to raise the cap on gaming machines from just […]

France stands on the precipice of a potential financial intervention by the International Monetary Fund as its government teeters dangerously close to collapse. Warnings from the finance minister, Eric Lombard, highlight the risks facing Europe’s second-largest economy, with concerns mounting over ballooning national debt and a persistent budget deficit projected to reach 5.4 percent of […]

Norway’s sovereign wealth fund, the largest in the world, has decided to divest its substantial £1.8bn holding in Caterpillar in response to ethical concerns regarding the use of the company’s machinery in the Israeli-Palestinian conflict. The move was announced after the fund’s ethics council detailed that Caterpillar’s D9 bulldozers were found to be involved in […]

Boohoo has announced unprecedented annual losses of £348m, marking the steepest deficit in its history. Executives at the online fashion group are grappling with a turbulent period, following a previous year’s loss of £160m, as sales tumbled by nearly a fifth to £790m. The sharp downturn arrives amid sustained underperformance and a strategic identity shift […]

Porsche has announced it will abandon its ambition to produce its own electric vehicle batteries, citing a sudden fall in demand among drivers. The German marque is set to wind down operations at Cellforce, its production subsidiary, and shift the division’s focus toward research and development. The move comes as Oliver Blume, chief executive of […]

Alex Gerko 46 has cemented his status as one of the UKs most influential financiers by awarding himself a record breaking 682 million pounds following a substantial leap in profits at his pioneering trading company XTX Markets Last year Gerko the brains behind the London based firm shared in a bumper profit pool of 1 […]

Britain’s chancellor Rachel Reeves finds herself under intense scrutiny as tax speculation casts a shadow over the summer, putting pressure on the government ahead of its anticipated autumn budget. Each morning brings new headlines about possible tax rises, fuelling uncertainty about how Reeves plans to balance the books while maintaining earlier spending promises. The economic […]

Japan has inaugurated its first osmotic power plant in Fukuoka, showcasing a unique approach to renewable energy generation by harnessing the natural process of osmosis. This facility only the second of its kind globally is set to generate about 880000 kilowatt hours of electricity per year. That output will help supply the energy needs of […]

Wes Streeting, the new health secretary, has escalated his confrontation with leading pharmaceutical firms over the soaring cost of medicines and its impact on the UK’s broader life sciences sector. After talks with the Association of the British Pharmaceutical Industry (ABPI) collapsed on Friday, Streeting accused the sector of undermining crucial partnerships by rejecting a […]

Keurig Dr Pepper has announced plans to acquire the owner of Peet’s Coffee, Douwe Egberts and Kenco, in a deal valued at £18bn, signalling a dramatic shift in the global beverage landscape. The agreement will see the group subsequently split itself in two: one entity focusing on coffee, while the other will concentrate on cold […]

Eli Lilly, the pharmaceutical giant behind the popular weight loss injection Mounjaro, has announced a substantial price hike for the medication due to take effect in the UK from September. With indications that costs could soar by as much as 170% next month, users who currently rely on private prescriptions are expressing concern over access […]

RBC BlueBay Asset Management has sounded the alarm that the pound may be heading towards a period of volatility reminiscent of the turmoil witnessed under Liz Truss’s government in 2022. The warning follows a build-up of political and fiscal risks in the UK, prompting the fund to take a short position on sterling as confidence […]

Uber Trains is set to become a new competitor to Eurostar on the cross Channel rail network following a major submission by Gemini Trains, a start up rail venture, to the Office of Rail and Road. The company has unveiled ambitious plans to establish Stratford International in east London as its main hub, opening up […]

The UK hospitality sector has been rocked by a wave of job losses following tax changes introduced in the autumn budget. The lowwage industry—encompassing pubs, bars, restaurants, hotels and indoor leisure—has absorbed the vast majority of new payroll tax burdens. According to official figures analysed by UK Hospitality, almost 89000 jobs have disappeared from the […]

Mixing alcohol and fairground games may appear an unlikely formula for success, yet Richard Hilton is wagering that this very combination could redefine how corporate London networks and unwinds. Fairgame, an adults-only concept blending cocktails with updated classics like roll a ball and hook a duck, recently launched its second site in the heart of […]

Heathrow Airport’s retail chief Fraser Brown surveys the bustling Terminal 5, where a row of designer shops and high street favourites cater to millions of travellers every year. Terminal 5 alone boasts the UK’s top-performing Starbucks and the world’s most successful Pret A Manger by weekly sales. The airport is one of Britain’s biggest shopping […]

Queuing for shop releases is not just the pursuit of devoted tech fans or trainer collectors these days. It is now a regular sight among middle-class Americans at their local Aldi stores. In Illinois, shoppers line up in the chill of autumn not for gadgets, but for Aldi’s sought-after wine bottle advent calendars. Such scenes […]

The Royal Mail has announced it will temporarily halt accepting parcels destined for the United States amidst sweeping changes to American import regulations. The move follows President Donald Trump’s decision to remove a long-standing loophole permitting goods valued under 800 dollars to enter the US without incurring duties, a mechanism referred to as the “de […]

Britain’s leading wind farm operator, Ørsted, has been thrown into turmoil after Donald Trump halted its principal US project. The Danish energy giant, responsible for supplying 7 per cent of Britain’s electricity, saw its share price plummet to a record low after the Trump administration blocked progress on the £2.9bn Revolution wind farm off New […]

Valereum Plc has announced a strategic partnership with DigiShares and ZIGChain to create an institutional-grade real-world asset tokenization platform, targeting the rapidly expanding $24 billion RWA market with initial focus on MENA and Latin American regions.

The UK government has intervened to halt a prospective joint venture between Versarien, a Gloucestershire-based developer of advanced graphene materials, and a Chinese peer. National security concerns were cited as the principal reason, casting uncertainty over the future of the once-celebrated British innovation firm. Versarien has been at the forefront of graphene applications since its […]

WH Smith’s pivot to focus on travel retail has met a major setback, with shares plunging over 40 per cent following an unexpected accounting error in its North American arm. The retailer, a longstanding fixture of the UK high street, recently rebranded itself as a “pure-play travel retailer”. Yet on Thursday, this new direction cast […]

Britain is set to face an autumn and winter of severe disruption, with a fresh wave of strikes across essential public services threatening both the economy and daily life. This turbulence is poised to test the government’s fiscal resilience and its relationship with the trade unions. The RMT union has declared a week-long industrial action […]

Angela Rayner, the Deputy Prime Minister, finds herself at the heart of a legal storm as green activists challenge her decision to approve a £1bn data centre on the edge of the M25 in Iver, Buckinghamshire. The controversial project had previously been rejected twice, first by Buckinghamshire Council and then, in 2023, by former housing […]

The debate over the role and relevance of the Office for Budget Responsibility (OBR) has intensified as the UK’s fiscal framework faces fresh scrutiny. The New Economics Foundation (NEF), a respected left-leaning think tank, has urged Chancellor Rachel Reeves to consider abolishing the OBR and establishing an alternative body to provide economic forecasts. Their proposal […]

Britain’s largest listed recruiter Hays has slashed its dividend and announced further workforce reductions as the firm grapples with a severe 90 per cent drop in profits. The beleaguered recruitment group, which also unveiled a fresh wave of cost cutting, blamed persistent economic and political uncertainty for undermining corporate hiring appetite and discouraging workers from […]

Weight loss medications, specifically GLP1 agonists like Ozempic Wegovy and Mounjaro, are redefining the landscape of healthcare in Britain, with new research signposting not only longer lives for millions but also vast economic benefits. These drugs which mimic natural hormones to reduce appetite and inflammation, are now being recognised as powerful tools in the prevention […]

Britain’s third largest steel producer has come under government control following a High Court decision that placed part of Sanjeev Gupta’s Liberty Steel group into insolvency. Speciality Steel UK SSUK, an employer of over 1,400 people across its Rotherham and Stocksbridge plants, saw a winding up order granted at the request of creditors, who are […]

JCB, Britains largest privately owned engineering firm, has sounded the alarm after a dramatic escalation in US tariffs on exports could cost the company hundreds of millions of pounds. The Trump administration has moved unexpectedly to broaden its 25 per cent tariffs on British steel and aluminium components to include finished goods, catching UK manufacturers […]

Labour is preparing to reignite public private partnerships (PPPs) as a solution for delivering new neighbourhood health centres central to its ambitious 10year NHS plan. Ministers are set to make a pivotal decision in the autumn budget regarding whether to deploy the controversial funding model, which has been on ice since the Carillion collapse sent […]

The future of Britain’s third largest steelworks hangs in the balance, as government officials prepare to take over operations in a dramatic bid to protect 1500 jobs at Sanjeev Gupta’s Rotherham-based Liberty Steel. The High Court was told that the government’s official receiver stands ready to act as administrator should Gupta’s team fail to secure […]

The United States stock market has endured a volatile week, as a sell-off in major technology companies wiped $1 trillion from market capitalisation in just four days. The S and P 500 index ended Wednesday down for the fourth consecutive session, pressured by mounting concerns that the artificial intelligence driven rally in tech shares could […]

Rachel Reeves, the Chancellor, is weighing up whether to reduce the limit on the tax-free pension lump sum as she grapples with a public finance gap estimated at up to £50bn. Civil servants are set to present her with a substantial list of revenue-raising options ahead of the Budget, and cutting pension benefits for retirees […]

A surge in social media activity by so-called fishing “finfluencers” is behind a remarkable uptick in Angling Direct’s performance, drawing a younger audience to Britain’s riverbanks and driving the retailer’s revenues higher. The London-listed specialist in rods, lines and tackle has experienced over 30 million views on its YouTube outlet, ADTV, which blends light-hearted content […]

Inflation in the United Kingdom soared to a new 19-month high this July, putting additional pressure on Chancellor Rachel Reeves and testing the government’s strategy to address the ongoing cost of living crisis. The Consumer Prices Index (CPI) rose by 3.8 per cent on an annual basis, up from 3.6 per cent in June, marking […]

Australian graphic design platform Canva has achieved a fresh valuation of $42 billion after launching a significant employee share sale. The Sydney-based business, which now employs over 5,000 staff, invited both new and existing investors—including asset managers Fidelity and JP Morgan—to participate in the oversubscribed round. Co-founder and chief executive Cliff Obrecht remarked that the […]

Ithaca Energy, the leading North Sea oil and gas operator, has lifted its production forecasts for the second time this year while confirming it remains on course to return $500 million to shareholders in 2025. The London-listed company enjoyed a surge in pre-tax profit, up to $513.4 million for the first half compared with $189.4 […]

British manufacturers are facing an unexpected surge in costs after President Trump introduced a 25 per cent tariff on finished goods containing steel and aluminium exported to the United States. Industries spanning construction machinery to automotive parts are set to feel the impact, with leading firms such as JCB identified as particularly exposed to these […]

British farming is navigating a critical point as a devastatingly dry growing season collides with a series of economic and policy challenges. Arable farmers across the driest parts of England are grappling with crop failures of historic proportions after persistent drought has slashed yields and pushed many close to breaking point. Martin Williams, a third […]

Dozens of local councils across Britain are actively preparing legal measures to end the government’s use of hotels to house migrants, spurred by a crucial High Court decision in Epping Forest. The Conservative-led council recently secured a temporary injunction stopping the Bell Hotel from being used as asylum accommodation on the grounds that necessary planning […]

The private equity industry, famed for deft dealmaking and distributing handsomely to its investors, is deploying increasingly complex methods to return cash as traditional exit routes seize up. The spotlight now falls on so-called continuation funds and net asset value NAV loans—clever mechanisms, but ones that are inviting closer scrutiny from regulators. When Inflexion, a […]

BHP, the world’s largest mining group, has posted its lowest profit in five years. The company saw underlying profit decline to $10.16 billion for the year ending June, marking a 26 per cent drop from the previous period. Revenue took an eight per cent year on year hit, sliding to $51.3 billion as the price […]

A leading biopharmaceutical business saw its shares tumble by almost 40 per cent after results from a trial of its much-anticipated weight loss pill failed to meet market expectations. Viking Therapeutics, which is engaged in fierce competition with pharmaceutical giants such as Eli Lilly and Novo Nordisk to develop the next generation of oral obesity […]

Asda has suffered a decline in market share, raising the prospect of being overtaken by Aldi as Britain’s third largest supermarket. New industry figures from Worldpanel show Asda’s sales fell by 2.6 per cent in the August quarter, bringing its UK market share down to 11.8 per cent from 12.7 per cent a year ago. […]

Applied Nutrition, a protein shake producer backed by JD Sports and high-profile investor Coleen Rooney, has celebrated its inaugural year as a publicly-listed company with results that outpace market expectations. The firm disclosed that sales for the twelve months ending 31 July are set to reach £107 million, comfortably surpassing analysts’ forecasts of £100 million […]

The number of private schools entering administration has doubled in the first half of 2025, a stark sign of the mounting pressures on the sector following the government’s decision to impose a 20 per cent VAT rate on school fees from January. According to recent data released by the risk advisory firm Kroll, 12 schools […]

The Japanese technology giant SoftBank has announced a substantial investment of two billion dollars in the US chipmaker Intel, signalling renewed confidence in the efforts to revitalise the company. The deal sees SoftBank acquire a stake of just under two per cent at a price of twenty three dollars per share, a modest discount compared […]

The UK Office for National Statistics has postponed the publication of its monthly retail sales figures, intensifying existing doubts over the reliability of official economic data. On Tuesday, the ONS announced that it would delay its consumer spending numbers, originally scheduled for Friday, to 5 September. The agency cited the need to conduct further quality […]

Shares in International Workplace Group, the world’s leading provider of serviced office space, suffered their steepest fall in five years after the company issued a warning that its annual adjusted underlying profit would come in at the lower end of expectations. IWG, which operates renowned brands such as Regus and Spaces, reported a successful first […]

Britons’ deep affection for their pets is increasingly redefining how we travel. Fresh research has revealed a significant uptick in the number of holidaymakers opting to take their dogs and other animals along for overseas trips, rather than leave them behind in kennels or with minders. Analytical data from a survey of over 1,200 pet […]

The UK market for private weight loss drugs is bracing itself for seismic change as Eli Lilly announces dramatic price increases for its popular Mounjaro injections. Over 1.5 million Britons currently purchase Mounjaro privately, but from September the cost for the highest 15mg dose will leap from £122 to £330 per monthly pen. Even the […]

The government’s efforts to house asylum seekers in hotels have come under severe scrutiny after a landmark High Court decision ordered the removal of migrants from a property in Essex, following long-standing protests and rising tensions in the local community. The Bell Hotel in Epping, which has served as accommodation for asylum seekers for three […]

Rachel Reeves, the Chancellor, is exploring plans that would see owners of high-value residential properties facing a new capital gains tax when they sell their homes. This move, designed to address a reported £40 billion deficit in the public finances, marks a potential end to the long-standing capital gains tax exemption for primary residences valued […]

Senior Treasury officials are evaluating ambitious plans to replace stamp duty with a national property tax targeting homes sold for more than £500000. The proposal, being scrutinised ahead of this autumn’s budget, forms part of a wider potential reform spanning council tax and the way local authorities are funded. Sources indicate that Chancellor Rachel Reeves […]

Rising temperatures across southern Europe have sparked a significant shift in holiday trends, with more travellers seeking relief in the cooler cities of the United Kingdom. New research from online travel giant eDreams Odigeo reveals a notable increase in flight searches and bookings to British destinations, as Europeans contend with relentless heatwaves on the continent. […]

Estate agents experienced their busiest July in five years, with a surge in home sales driven by widespread price reductions and a notable increase in available properties. Data from Rightmove revealed an 8 per cent rise in agreed sales compared to July 2024, making this the most active July for the market since 2020, when […]

British warehouse construction is facing an unprecedented boom after the government pledged a major increase in defence spending, with property agent Savills estimating that an additional three million square metres of storage space will be required in the next seven years. This surge, driven by promises to boost the annual defence budget by around £40 […]

The world’s most influential central bankers are gathering this week in Jackson Hole Wyoming drawing the full gaze of global financial markets and the White House. All eyes rest upon Jerome Powell chairman of the US Federal Reserve who finds himself at the epicentre of political and economic tension as President Trump intensifies criticism for […]

The headquarters of the Ministry of Justice in central London have been acquired for £245 million by billionaire developer Surinder Arora. The iconic brutalist building, Queen Anne’s Mansions, located near Buckingham Palace, was sold by FTSE 100 landlord Land Securities as part of its wider commercial vision. The fourteen-storey structure is currently let in its […]

Monzo, the digital banking powerhouse, is venturing beyond finance by considering the launch of a Monzo-branded mobile phone service. In talks with leading mobile operators, Monzo aims to offer an innovative package, leveraging its reputation for customer-centric services. This strategic move positions Monzo in direct competition with established mobile virtual network operators such as Tesco […]

The Swiss watchmaker Swatch has abruptly withdrawn a global advertising campaign after sparking fierce criticism in China. The campaign featured an Asian model pulling at the corners of his eyes—a gesture widely condemned for perpetuating racist stereotypes. Over the weekend, anger erupted across Chinese social media, with calls for a boycott of Swatch products gaining […]

The UK market for prescription weight loss injections has witnessed dramatic upheaval, prompted by a sharp price increase for Mounjaro, currently the nation’s most widely used weight loss jab. From 1 September, Mounjaro manufacturer Eli Lilly will nearly double the price for UK pharmacies, raising steep cost concerns among patients who have relied on the […]

Shares in Novo Nordisk climbed over five per cent on the Copenhagen exchange after the Danish pharmaceuticals firm received crucial approval from the United States Food and Drug Administration for its well-known injection Wegovy to be used in the treatment of metabolic dysfunctionassociated steatohepatitis Mash in patients with liver fibrosis. The move arrives at a […]

Soho House, the renowned operator of private members’ clubs adored by celebrities and royalty alike, is set to mark the end of its volatile tenure as a public company. The business will be taken private in a deal valued at 1.8 billion dollars, orchestrated by a consortium led by MCR Hotels—Britain’s third-largest hotel owner—and featuring […]

Consumer sentiment in Britain has climbed to its highest level in ten months, following recent interest rate reductions that have eased pressures on household budgets. The S and P Global UK consumer sentiment index, released for August, posted a reading of 47, up from 45.1 in July. Although the index remains below the positive threshold […]

Britain’s local authorities are grappling with soaring debt, with almost £1 in every £5 raised in council tax now allocated to servicing interest payments. New figures reveal that councils collectively owe upwards of £148.5 billion, translating to around £5,200 per household. Since 2015, this debt mountain has surged by 60 per cent, fuelled by reductions […]

The British chemical industry faces an existential crisis as a leading credit insurer deems the entire sector “very high risk” amid unprecedented rises in energy costs and a surge in insolvencies. Coface, a global authority in credit insurance, attributes much of this turmoil to escalating energy prices, which are undermining profit margins, causing liquidity problems, […]

The owner of Kingsmill has struck a landmark deal to acquire rival bread brand Hovis, forming the nation’s largest breadmaker in a move set to generate both opportunities and scrutiny in the sector. Associated British Foods ABF which also owns retail giant Primark and grocery staples such as Twinings is to purchase Hovis Group from […]