XTX Markets, the prominent algorithmic trading firm led by British billionaire Alex Gerko, is pushing the boundaries of financial technology by offering extraordinary monthly pay to aspiring artificial intelligence researchers. The company has announced a remarkable $35,000-a-month internship at its New York office, aimed at students eager to pioneer new frontiers in AI-driven trading strategies. […]

The United Kingdom has issued 20 year inflation linked gilts at the highest borrowing costs seen in more than two decades, as bond markets react to persistent concerns over inflation and government debt. The latest auction raised £800 million at a yield of 2.41 percent, marking the steepest price for these bonds since 2001. Inflation […]

Businesses across the United Kingdom have been forced to shed jobs at the swiftest rate seen since 2021, as Rachel Reeves’s £25 billion payroll tax increase takes hold. According to the Bank of England’s latest survey, employment dipped by 0.5 per cent during the three months to August, revealing a significant contraction in the UK […]

Britain’s largest wind farm operator, Ørsted, is taking legal action against the US government after President Donald Trump halted its near-complete offshore wind project off the New England coast. The Danish-headquartered company filed its claim in a Washington court, seeking to compel US officials to allow completion of the $1.5 billion (£1.1 billion) wind farm […]

Shares in Alphabet surged to record highs after a pivotal US court decision allowed Google to retain ownership of its Chrome browser and Android operating system. Investors rallied behind the verdict, which dismissed attempts by the US Department of Justice to force divestiture of these core assets, lifting Alphabet’s stock by 9 per cent to […]

Jaguar Land Rover has been plunged into turmoil after a major cyber attack forced the British automotive giant to shut down its global computer systems. The hack, discovered last Sunday, has brought sales, production, and repairs across the network to an abrupt standstill, causing widespread disruption throughout the business and its dealerships. Efforts to restore […]

One of Europe’s most influential pension funds has withdrawn a mandate valued at approximately €14.5 billion from BlackRock, citing growing concern over the US asset manager’s stance on sustainability and environmental issues. The decision by PFZW, which manages around €250 billion in assets, underscores an increasing divergence between European and American investors in environmental, social, […]

Jet2, the UK’s largest package holiday operator and third biggest airline by passenger numbers, has announced anticipated profits will be at the lower end of analysts’ forecasts, as the trend of holidaymakers waiting until the last moment to book intensifies. The company reported that while package holiday customers rose only 2 per cent by August’s […]

Tesla continues to outpace competitors in the UK electric vehicle sector even as its European market share faces a significant downturn. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), Tesla sales in Britain climbed by more than 7 per cent in August, reaching 3,243 units. Despite this monthly gain, […]

Amazon has entered the select ranks of companies paying more than £1 billion in annual direct taxes to the UK government, following a year marked by increased revenues and the end of a lucrative tax break. The online retail giant reported UK revenues of approximately £29 billion in 2024, up from £27 billion the previous […]

In a bid to stimulate consumer demand and uphold ambitious economic growth targets, the Chinese city of Shaoxing—renowned for its iconic cooking wine—has unveiled a novel subsidy scheme inspired by the UKs Eat Out to Help Out initiative. Locals are being offered payments of up to 5000 renminbi, equivalent to around £520, for hosting lavish […]

A leading trade body, Offshore Energies UK, has suggested the United Kingdom could meet up to fifty per cent of its domestic energy requirements until 2050 if the current tax regime on North Sea oil and gas was removed. The current projections indicate the basin is set to deliver only around a quarter of the […]

Google has sidestepped a forced break-up following a high-profile antitrust case in the United States, but a federal judge has ordered the tech giant to share its valuable search data with competitors. This decision, delivered by US District Judge Amit Mehta in Washington DC, comes after a legal battle spanning five years between Google and […]

Watches of Switzerland, the prominent luxury timepiece retailer featuring brands such as Rolex and Patek Philippe, has moved to reassure investors that the recent 39 per cent tariffs imposed by the United States on Swiss imports should not bring an immediate material impact to its business. This reassurance led to a sharp rise in the […]

John Lewis is spearheading a bold revival of British high street fashion by announcing the return of cult Topshop jeans to its stores as part of a new wholesale partnership. In a move set to attract Generation Z shoppers and reengage millennials, the department store will introduce Topshop collections, including the legendary Jamie and Joni […]

The Bank of England is closely monitoring market movements following heightened volatility in the government bonds market. Governor Andrew Bailey disclosed to MPs that the Bank will “seriously” consider recent market turbulence as it decides the pace of its quantitative tightening programme this month. This process, involving the sale of government bonds, has come under […]

Ontario’s premier, Doug Ford, has launched a fierce broadside against global drinks giant Diageo in response to its decision to close a major whisky production facility in Amherstburg, located on the Detroit River border. The move, part of Diageo’s strategy to streamline its North American supply chain and focus more closely on United States markets, […]

Shell has cancelled plans to build a major biofuels plant in Rotterdam, marking a significant retreat from green energy initiatives for one of the world’s largest oil and gas groups. The decision represents a setback for efforts aimed at reducing aviation emissions, especially as sustainable aviation fuel, or SAF, remains a challenging and expensive alternative […]

Rachel Reeves has opted for postponement Harvesting extra time by delaying the UK budget to 26 November she is intent on generating growth strategies to tackle an estimated £40 billion hole in public finances. The move is more than a stalling tactic With public spending under immense strain Reeves must convince the Office for Budget […]

Narendra Modi arrived in China radiating confidence, appearing remarkably comfortable alongside both Xi Jinping and Vladimir Putin at a recent regional security summit. His warmth with two of the world’s leading authoritarians has not impressed the White House. Ahead of Modi’s visit, Donald Trump’s trade envoy, Peter Navarro, sharply criticised India’s prime minister for aligning […]

François Bayrou, France’s prime minister, is staring down the barrel of likely defeat in an impending parliamentary no-confidence vote, set for next week. Waiting in the wings are Jordan Bardella and Marine Le Pen, right-wing populists from the National Rally, ready to tip Bayrou over the edge. Their party currently tops the opinion polls, fuelling […]

Cement manufacturing in the UK has plunged to its lowest level since 1950, dealing a substantial blow to ambitions of revitalising housebuilding nationwide. According to the Mineral Products Association (MPA), just 7.3 million tonnes of cement were produced domestically last year, marking a decline of almost 20 percent compared to five years ago. These figures […]

The landscape at Heathrow is evolving as leading global airport operators consider bidding to manage a potential sixth terminal under Surinder Arora’s expansion proposal. Mr Arora, a prominent hotelier with significant holdings near Heathrow, is holding discussions with operators of Singapore Changi, Dubai International, and Dublin Airports. His plan, offering a streamlined third runway and […]

Jaguar Land Rover has been forced to suspend its production lines after a significant cyber attack attributed to a notorious teenage hacking collective. The group, known as Scattered Spider and its affiliates Shiny Hunters and Lapsus, claimed responsibility for the breach that also recently struck Marks & Spencer, Co-op and Harrods. These cyber incidents have […]

World leaders gathered in Beijing were momentarily caught off guard when Xi Jinping, Vladimir Putin and Kim Jongun were overheard discussing the future of human longevity and the potential for immortality. The discussion, picked up on a hot mic while they observed a military parade, shed light on growing interest amongst nonWestern powers in the […]

Sainsbury’s, the UK’s second largest supermarket chain, has commenced an eight-week pilot of facial recognition technology at selected stores in Sydenham, south-east London and Oldfield Park in Bath. The move, aimed at combating the rising tide of shoplifting and retail crime, comes amid a surge in recorded offences, which officially soared to over half a […]

The chief executive of Suntory, the renowned Japanese drinks conglomerate known for household brands including Jim Beam, Lucozade and Ribena, has stepped down following a police probe into the purchase of potentially illegal supplements. Takeshi Niinami, who has served as Suntory’s chairman and chief executive, offered his resignation after confirming he was being investigated by […]

Britain’s aviation future is poised for transformation, with the Arora Group unveiling a bold rival plan to Heathrow’s existing expansion ambitions. Surinder Arora, one of the UK’s wealthiest property and hospitality tycoons, has confirmed submission of a £25 billion scheme—Heathrow West—which would deliver a third runway and remodel the airport, aiming to outcompete not only […]

Kraft Heinz, the Nasdaq-listed food giant behind household names such as Philadelphia cheese and Heinz tomato ketchup, has unveiled plans to split into two publicly traded businesses. This strategic overhaul comes a decade after the $45 billion merger engineered by Warren Buffett and 3G Capital and aims to revive performance amid persistent sales challenges and […]

Jaguar Land Rover has suffered a significant cyberattack, severely disrupting the production and sale of its vehicles. The UK-based automotive giant informed Tata Motors, its Indian parent company, that it is working to address widespread IT problems that have affected its operations globally. Staff at the Halewood facility in Merseyside have reportedly been advised not […]

The Prax Lindsey oil refinery in Lincolnshire, once responsible for producing around 10 per cent of the United Kingdom’s petrochemicals, collapsed at the end of June with only £203 left in its bank account. The trigger for this dramatic downfall came when Glencore, the global commodities group, demanded immediate repayment of $53.6 million owed under […]

Plans are advancing in Westminster for the introduction of mandatory digital IDs across the United Kingdom, part of an ambitious set of proposals aimed at curbing illegal immigration and reducing unregulated work. The initiative, accelerated by Prime Minister Sir Keir Starmer, forms a central pillar of the government’s strategy to strengthen border controls and address […]

Victor Garvey once one of Londons brightest culinary stars has seen his ambitious ventures end in financial turmoil and creditor frustration. Despite critical acclaim for his food and a coveted Michelin star Garvey’s string of restaurants has repeatedly crumbled under enormous debts raising questions about financial stewardship in the highend dining sector. The dramatic closure […]

Chancellor Rachel Reeves faces mounting pressure as the United Kingdom’s long-term borrowing costs have surged to the highest level in nearly three decades, adding strain ahead of the crucial autumn budget. The interest rate on thirty-year government debt has reached 5.72 per cent, a threshold not seen since 1998, whilst the pound has slipped by […]

Gold soared to an unprecedented high this week, breaking through the $3,500 per ounce barrier as investors responded to mounting speculation of a US Federal Reserve interest rate reduction later this month. Market volatility and worries over a protracted tariff dispute have prompted a flight to safe haven assets, with the precious metal ending Tuesday […]

Britain’s borrowing costs have soared to their highest level since 1998 following Prime Minister Sir Keir Starmer’s bold reshuffling of his economic advisers. The yield on 30 year UK gilts climbed to 5.64 percent on Monday, outpacing all other G7 nations and signalling mounting market anxiety about the country’s fiscal outlook. The latest surge arrives […]

Sir Keir Starmer began the new parliamentary term with a dramatic reset of his Downing Street operation, appointing a trio of heavyweight economic experts to oversee the Chancellor in advance of the critical autumn Budget. The move, widely seen as a significant shift of authority, has cast doubt over Rachel Reeves’s standing as Chancellor, with […]

The UK is being urged to channel more domestic pension fund investment into its strongest technology scale-ups, with leading industry voices highlighting the substantial opportunity for long-term growth and national value creation. Saul Klein, veteran tech investor and managing partner of Phoenix Court, has emphasised the need for British pension funds to back home-grown technology […]

Gen Z are shifting their spending priorities, with fitness and health now outranking traditional leisure habits such as takeaways and streaming services. According to new figures from the Gym Group, 44 per cent of those aged between 16 and 28 listed health and fitness as either their highest or second highest spending priority. A quarter […]

UK house prices took an unexpected dip in August, with the average value slipping 0.1 per cent to £271079, according to the latest data from Nationwide. This decrease marks the fourth monthly fall in the past six months and runs contrary to predictions of a slight 0.2 per cent rise. Over the summer, the average […]

Netomnia, one of the UK’s leading alternative network providers, is embarking on a strategic push to use BT Openreach’s nationwide infrastructure for broadband services and to enter the mobile telecoms sector. This dual move comes as altnets seek new revenue streams after significant investments in rolling out fullfibre networks in the face of mounting competition […]

Royal Mail has achieved its first annual profit in three years, marking a turning point for the iconic postal company following its £3.6 billion acquisition by Czech billionaire Daniel Kretinsky’s EP Group. The shift towards a profit comes as growth in parcel volumes and major investments in automation and out of home locations helped to […]

The leading operator of wind farms in UK waters has secured crucial support from the Norwegian state-controlled energy group Equinor, as the offshore wind sector faces unprecedented political and financial challenges. Equinor has committed nearly $939 million to participate fully in Orsted’s $9.4 billion rights issue, maintaining its 10 per cent stake first acquired for […]

The iconic denim brand Levi’s has sounded the alarm over rising anti-American sentiment and its potential impact on overseas sales. The warning comes as mounting political tensions and trade policies emanating from the United States appear to be influencing consumer behaviour in key international markets. Founded in San Francisco during the California Gold Rush, Levi’s […]

Tesla’s grip on the European electric vehicle market is under considerable strain, with new figures revealing a sharp decline in deliveries across several key countries. Latest data from France, the continent’s third-largest car market after Germany and the UK, reported Tesla sales almost halved year on year in August, falling to just 1,331 vehicles. This […]

The president of the European Central Bank has strongly warned of the “very worrying” consequences for the world economy if President Trump succeeds in interfering with the independence of the United States Federal Reserve. During a live radio interview, Christine Lagarde stated that political meddling in US monetary policy could deal “very serious” damage to […]

Aspirin has held a central role in cardiovascular prevention for over a century with millions depending on a daily low dose to ward off heart attacks and strokes. Yet new findings published in The Lancet are now challenging its supremacy promising a potential overhaul of treatment guidelines for coronary artery disease across Britain. The study […]

Questions persist over the deputy prime minister Angela Rayner’s property deals, as tax specialists scrutinise whether she was right to claim a £40000 stamp duty reduction on the £800000 flat she bought in Hove earlier this summer. The purchase came just weeks after Rayner moved her equity in her AshtonunderLyne constituency home into a trust […]

New data from NHS England reveals that specialist artificial intelligence (AI) technology is transforming outcomes for stroke patients, tripling the likelihood of making a full recovery in some cases. Since its introduction last summer, this AI-powered diagnostic software has been used to interpret brain scans for over 60,000 patients, delivering results up to an hour […]

Heathrow Airport’s ambitious third runway expansion is poised to surpass £800 million in planning costs, as new figures emerge highlighting rising financial pressures on both the airport and future passengers. According to correspondence obtained by The Sunday Times, Heathrow has sought approval from the Civil Aviation Authority (CAA) to recover an estimated £320 million it […]

The corridors of French power have rarely echoed with such urgency. As France’s government totters on the edge of collapse, budgets bleed deeper into the red and talk of emergency tax hikes dominates headlines, the mood in Paris has become one of trepidation. Rioters are poised to take to the streets, and this time, the […]

For decades, the six-pound bottle of wine was a fixture at British dinner tables, a reliable comfort after long days and an affordable indulgence for countless households. This era is fast disappearing as British consumers turn away from mass-market cheap wines in favour of more sophisticated and expensive options. Industry data from IWSR reveals that […]

Manfred Weber, the influential President of the European People’s Party, has indicated that the European Union is now open to negotiating a more beneficial and pragmatic trade agreement with the United Kingdom. Speaking in Berlin, Mr Weber announced that the long-standing Brexit conflict was ‘definitely’ over, crediting recent government changes in Westminster and a renewed […]

Low paid employees at major UK organisations including Asda and Pizza Express are being presented with the option to borrow significant sums at hefty interest rates via the financial wellbeing app Wagestream. These loans, which can reach as high as £25,000, are being offered at representative annual percentage rates (APR) of between 13.9% and 19.9%, […]

Donald Trump has suffered a significant defeat to his tariff-driven trade strategy, as a US federal appeals court in Washington DC ruled that the majority of his wide-ranging tariffs were imposed without proper legal authority. The judgement, passed by a margin of 7-4, marks the most stinging rebuke yet for the former president’s efforts to […]

The civil aerospace sector faces a lengthy road to recovery due to supply chain turmoil following the Covid19 pandemic with the International Air Transport Association Iata warning that pre pandemic conditions may not return until at least 2031 Rapid growth in unfulfilled aircraft orders has left manufacturers and airlines struggling to keep pace with demand […]

The United States government has scrapped the 800 dollar duty free allowance for imported goods, a move expected to trigger widespread disruption for British businesses exporting to America. The abrupt end to this so-called de minimis threshold will mean goods of any value sent to the US now face customs declarations and potentially new tariffs, […]

London’s top high street banks suffered a sharp fall in market value as concerns mounted over a potential windfall tax rise to shore up government finances. More than £6 billion was erased from the stock market capitalisation of the UK’s four largest listed lenders – NatWest, Lloyds Banking Group, Barclays and HSBC – after a […]

New research has revealed that the collapse of the Atlantic Meridional Overturning Circulation Amoc—one of Earth’s most significant climate systems—is a far more likely scenario than previously believed. The Amoc, responsible for transporting warm tropical waters northwards before they cool and sink, has been weakened by the ongoing climate crisis, already at its lowest point […]

Premier Inn has emerged victorious in a trademark dispute brought by Sir Stelios Haji-Ioannou’s easyGroup, following a High Court ruling that dismissed claims over the use of the phrase “rest easy”. The legal battle, centred on Premier Inn’s adoption of the slogan on its hotel signage, raised questions over brand protection and trademark law within […]

New analysis reveals that over one million Britons receive state benefits surpassing the national minimum wage, with a growing number being parked on welfare due to mental health conditions. According to research by the Centre for Social Justice, these individuals claim a combination of sickness, disability, and housing benefits amounting to at least £25,000 per […]

Israeli food imports to British supermarkets have suffered a significant decline against a backdrop of mounting pressure from pro-Palestinian activist groups. Official figures from HM Revenue and Customs reveal that goods imported from Israel in the first six months of the year fell by 17 percent compared to the same period in 2024, with total […]

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 […]