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| 14-09-2025 |
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Welcome to the weekly international news from Stockmark.IT - covering the news that affecting international financial markets.
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Major UK Retailers Warn of Store Closures as Business Rates Set to Rise Dramatically
Hundreds of the United Kingdom’s largest retail stores may be at risk of closing their doors under proposed government changes to business rates, the British Retail Consortium has cautioned. The government is considering a new policy that would see big retailers subsidising reduced business rates for smaller companies by introducing a higher band of tax […]
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UK Economy Stalls in July as Manufacturing Output Falls
The UK economy ground to a halt in July, registering zero growth according to the latest official figures from the Office for National Statistics. The data show that the economyâs sluggishness at the start of the third quarter was sharper than most economists had forecast, with manufacturing and production sectors faring particularly poorly. Manufacturing output […]
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Octopus Titan Slashes Fees Amid Shareholder Unrest and Prolonged Losses
Octopus Titan, Britainâs largest venture capital trust, has agreed to significant cuts in management fees following deep dissatisfaction from shareholders incensed by poor returns. The trustâs board, after a protracted period of underperformance, considered replacing Octopus Investments as manager but has decided to stick with the current team on revised terms it believes give the […]
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Bank of England to Hold Interest Rates as Inflation Remains Stubbornly High
Markets and economists anticipate the Bank of England will maintain the base interest rate at 4 per cent next week, following expectations that UK inflation will remain unchanged at 3.8 per cent for the year to August. The latest data, due for release on Wednesday, is set to confirm the UKâs persistent price pressures at […]
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Anglo American and Teck in Fifty Billion Pound Copper Deal as Sector Eyes Consolidation
Anglo Americanâs announcement of a planned fifty billion pound merger with Canadaâs Teck Resources marks a pivotal moment in the global mining sector. Described by Angloâs chief executive Duncan Wanblad as âa truly monumental day,â this move signals a possible new era of consolidation among the worldâs top diversified miners. If completed, the deal would […]
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Armani Will Permits Sale of Iconic Empire After Lifetime of Independence
Giorgio Armani, one of fashion’s most enduring legends, has left the industry in shock by permitting the sell off of his iconic â¬23 billion business in his will. The renowned Italian designer, who died last week at the age of 91, was famous for his hands on approach and steadfast refusal to relinquish control over […]
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Big Technologies Accuses ExFounder Sara Murray of Forgery in Buddi Acquisition Row
Big Technologies, the Londonlisted provider of electronic tagging services for police and social care, is embroiled in an escalating legal storm after publicly accusing founder and former chief executive Sara Murray of forging documents to facilitate its 2018 acquisition of Buddi. The company asserts in freshly amended High Court filings that Murray fabricated board minutes […]
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Ocado shares plunge as Kroger signals review of warehouse strate
Ocado, the British retail technology group, suffered a major blow to its US ambitions after its American partner Kroger announced a thorough review of its automated warehouse network. Shares in Ocado plunged almost 20 per cent, erasing over half a billion pounds from the companyâs market value, following Krogerâs statement that it would be taking […]
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AstraZeneca pauses two hundred million pound Cambridge investment amid UK life sciences concerns
AstraZeneca, the United Kingdomâs most valuable listed business, has announced a pause on its planned £200 million expansion at the Cambridge research hub, dealing a substantial setback to the governmentâs life sciences strategy. This followed the earlier shelving of a £450 million vaccine manufacturing facility expansion in Speke, Liverpool, after the government missed key deadlines […]
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Jaguar Land Rover Faces Production Crisis as Cyber Attack Prompts Calls for Government Bailout
Jaguar Land Rover JLR is engaged in urgent discussions with Government officials regarding a potential taxpayer-supported rescue plan for hundreds of its suppliers, following a recent cyber attack that has brought vehicle production to an abrupt halt. Executives have warned that the shutdown, triggered by a ransomware incident on 31 August, is already having serious […]
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Mandelson Sacked as US Ambassador Over Epstein Ties Raising Fresh Questions for Downing Street
Peter Mandelson has been dismissed by Prime Minister Keir Starmer from his post as ambassador to the United States following the revelation of undisclosed links and correspondence with disgraced financier Jeffrey Epstein. The Foreign Office confirmed that Mandelson failed to disclose the true depth of his friendship with Epstein during his appointment process. Recent disclosures […]
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Apple Restricts Live Translation Feature on AirPods Across European Union Markets
Apple has taken the significant step of blocking its newly introduced live translation tool on AirPods for users across the European Union, placing a spotlight on the ongoing tensions between US technology firms and increasingly robust digital regulations enforced by the bloc. The live translation feature, promoted as a gamechanger for seamless international communication, enables […]
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State pension triple lock guarantee to remain despite affordability concerns
The government has reaffirmed its commitment to the state pension triple lock, amid ongoing pressure to address potential affordability issues. Torsten Bell, the newly appointed pensions minister and secretary to the Treasury, insists that the triple lock guaranteeâwhich ensures the state pension rises each year by the highest of inflation, wage growth or 2.5 per […]
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UK Losing Foreign Investment in Life Sciences Sector Amid Pharmas Warning
The United Kingdom is facing a stark decline in its attractiveness to global investors in the life sciences and pharmaceutical industries, with industry leaders warning the nation is falling behind key rivals. A critical industry report, compiled in partnership with PwC, reveals that foreign direct investment (FDI) into UK life sciences dropped by 58 per […]
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Landlords quit rental market as renters rights bill approaches
Landlords are increasingly withdrawing from the private rental sector ahead of the anticipated Rentersâ Rights Bill, according to one of the countryâs leading estate agency groups. The Property Franchise Group, whose portfolio includes Hunters, Fine & Country and EweMove, has seen the number of rental properties it manages fall from 153000 to 150000 in the […]
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UK and China resume trade talks with hopes for one billion pound deals
Britain and China have relaunched highlevel trade negotiations after a sevenyear pause aiming to unlock business deals worth up to one billion pounds over the next five years Despite ongoing diplomatic tensions and concerns over security both governments have pressed ahead with the talks under the UKChina Joint Economic and Trade Commission known as Jetco […]
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John Wood Group Takeover Costs Soar as Sidara Lowers Bid
The takeover saga involving the UKâs John Wood Group by Dubai-based conglomerate Sidara has seen both parties incur advisory fees exceeding £100 million, as prolonged negotiations and financial hurdles continue to weigh on the proposed deal. The acquisition, now more uncertain than ever, has been subject to multiple extensions and mounting costs as the two […]
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John Lewis Partnership blames losses on packaging tax and rising costs as sales rise
The John Lewis Partnership has reported deepening half year losses, attributing the downturn to surging employment costs and a substantial £29 million impact from the newly introduced packaging tax. Stripping out exceptional items, pre-tax losses widened to £34 million for the six months to 26 July, up from £5 million during the same period last […]
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US Inflation Rises as Fed Prepares for Interest Rate Cut Amid Weakening Labour Market
Inflation in the United States accelerated to 2.9 per cent in August, with the central bank expected to respond with its first interest rate cut of the year at its upcoming meeting. Consumer price inflation increased from 2.7 per cent in July, matching economistsâ forecasts, while core inflation remained steady at 3.1 per cent. Month-on-month […]
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Marks and Spencer Tech Chief Steps Down Amid Challenges
The chief digital and technology officer of Marks & Spencer, Rachel Higham, has decided to step down from her position, according to an internal memo circulated by the retailer. Higham, who joined the company in June 2024, led a significant transformation of M&Sâs digital, technology, data, and AI divisions during a turbulent period for the […]
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Contactless card limits set for shake up as FCA proposes greater flexibility
The Financial Conduct Authority (FCA) is poised to bring about sweeping changes to contactless payments in the UK, with proposals to allow banks and card providers to raise or even remove the current £100 limit on tap-and-go transactions. These plans, which have been put out for consultation until October, could see banks given the freedom […]
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EU Commission Calls for Suspension of Israel Trade Over Settlement Expansion and Gaza Crisis
The president of the European Commission, Ursula von der Leyen, has urged the suspension of the EUâs free trade deal with Israel, referencing ongoing illegal settlement activity in the West Bank, the worsening humanitarian situation in Gaza, and actions perceived to undermine prospects for a two-state solution. Addressing the European Parliament in Strasbourg, von der […]
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Great British Beer Festival Cancelled as CAMRA Faces Financial Strains and Budget Shortfall
The Campaign for Real Ale CAMRA has announced the cancellation of the Great British Beer Festival in 2026 citing severe budgetary shortfalls and unsustainable operating costs. This marks a historic pause for an event which has drawn thousands of real ale enthusiasts annually since 1977 and has become a mainstay in the British food and […]
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Primark and Kingsmill Owner Warns Against Budget Moves as Food Inflation Set to Ease
The head of Associated British Foods, the conglomerate behind Kingsmill and Primark, has urged Chancellor Rachel Reeves not to further damage consumer confidence in the forthcoming budget announcements. Speaking out just as food price inflation appeared to be levelling off, CEO George Weston argued that prior labour cost increases, prompted by the Chancellorâs first budget, […]
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Vistry faces major test to hit profit targets as shares stumble
Britainâs largest housebuilder, Vistry, is holding firm to its profit forecast for 2025, despite mounting scepticism in the stock market following a tough first half to the year. The group, which owns the Bovis and Linden Homes brands, maintained its pledge to deliver a year on year increase in adjusted pre tax profits. Last year, […]
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Children with Obesity Now Outnumber Underweight for First Time Worldwid
The tide has turned in the global fight against malnutrition, with a new UNICEF report showing that for the first time, the number of obese children worldwide has surpassed those who are underweight. Among school-aged children and adolescents, 188 million are now classified as obese, according to data spanning more than 190 countries. This marks […]
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Nasa Perseverance Rover Uncovers Strongest Evidence Yet of Life on Mars
Nasa’s Perseverance rover has uncovered mineral patterns on the Martian surface that may convincingly point to a biological origin, representing the most significant indication yet that Mars could once have supported life. Analysis of these distinctive minerals, found in rocks believed to have formed billions of years ago from river sediments within the Jezero Crater, […]
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Merck scraps £1bn London headquarters citing government hurdles and undervaluation of innovative medicines
Merck, the renowned US pharmaceuticals giant known as MSD across Europe, has abandoned plans for a £1 billion research centre in Londonâa significant blow for the UK life sciences sector. The company was developing a 25,000 sq ft headquarters within the Knowledge Quarter at Kingâs Cross. Construction had commenced following an initial announcement two years […]
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Chinese Embassy Plans for London Face Legal and Security Warning from Top Planning Lawyer
Ministers risk breaching UK law if they approve Chinaâs new super-embassy at the former Royal Mint site in central London, according to a formal opinion by esteemed planning barrister Lord Banner KC. His assessment comes on the heels of significant controversy: Chinese consultants have redacted large sections of the application documents and withheld details even […]
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Motability scheme under scrutiny as calls grow to stop luxury cars for claimants and cut tax breaks
Taxpayers could save billions each year if the Motability scheme limits access to luxury vehicles and prioritises second-hand cars for claimants, new analysis suggests. Concerns are mounting over the rapidly rising cost of the car-leasing initiative, which supports those claiming disability benefits by letting them exchange mobility allowance for a vehicle. Motability currently accounts for […]
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Britain Faces Growth Dilemma as Net Zero Goals Collide with Energy Reality
When Sir Keir Starmer assembled his newly appointed Cabinet for the first time, his message was unequivocalâthe top priority for the government must be growth. With only eleven weeks before the critical November Budget, tension is simmering within the Cabinet, driven in part by the net zero policies spearheaded by Ed Miliband, the Energy Secretary. […]
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Larry Ellison Surpasses Elon Musk as Worlds Richest Man After Oracle Share Surge
Larry Ellison, co-founder and executive chairman of Oracle, has overtaken Elon Musk to become the worldâs richest man following a dramatic ascent in Oracleâs share price. The exceptional surge saw Ellisonâs wealth jump by $120 billion in a single day, pushing his net worth beyond $400 billion, according to the latest figures from the Bloomberg […]
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Novo Nordisk Faces Job Cuts Amid Ozempic Turmoil and Increased Competition
Denmarkâs pharmaceutical powerhouse Novo Nordisk is set to axe 9000 jobs, marking one of the most substantial workforce reductions in its history, as the company battles a steeply declining share price and a wave of stiff competition in the market for weight-loss drugs. The layoffs, including 5000 positions in Denmark, form part of a strategic […]
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Jaguar Land Rover cyber attack leaves production halted as data breach confirmed
Jaguar Land Rover has acknowledged a significant cyber attack that has paralysed its production facilities both in the UK and overseas. The company has disclosed that a data breach occurred during the incident, with indications that sensitive information may have been compromised. JLR notified regulators as soon as it became apparent that âsome data has […]
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Pret A Manger reports £525m loss as chain seeks to shake off reputation for high prices
Pret A Manger has registered a pre tax loss of £525 million for its most recent financial year, as the café and sandwich chain grapples with persistent accusations of overpricing. Despite modest growth in sales, the business suffered a significant hit to its finances, precipitated by a £553 million writedown of goodwillâan accounting move reflecting […]
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Jaguar Land Rover faces weeks of disruption as cyber attack stalls production
Jaguar Land Roverâs manufacturing operations have ground to a halt after a severe cyber-attack infiltrated digital systems at the UKâs largest automotive group. Production at the Halewood, Solihull and Wolverhampton factories remains suspended, with thousands of employees instructed to stay home but assured they will receive full pay during the ongoing investigation and recovery process. […]
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CBI Boss Urges Rachel Reeves To Rethink Labour Tax Pledges As Economic Pressures Mount
The head of the Confederation of British Industry, Rain Newton-Smith, has called on Chancellor Rachel Reeves to reconsider Labourâs pledge not to raise taxes on working people, amidst concerns over the worsening economic outlook. Reeves faces pressure to deliver her upcoming budget statement without increasing the core taxes Labour promised to protect, a move that […]
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UK Workers Now Take More Sick Days Than US or Australia
British employees are now absent from work due to illness more frequently than their counterparts in the United States, Australia, or New Zealand, according to new global survey findings. This sharp rise in sickness absence comes as the UK faces a 60 per cent increase in sick days since before the pandemic, with the average […]
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Weight Loss Jab Users Face Insurance Uncertainty in the UK
Over a million people in the United Kingdom who use weight-loss jabs such as Mounjaro Ozempic and Wegovy may be risking their travel and health insurance due to confusion over how to declare these medications. New research by Consumer Intelligence found that 26 per cent of UK adults surveyed were unclear on how best to […]
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UK Faces Sharpest Decline in Hiring as Cost Pressures and AI Disruptions Mount
The British labour market is experiencing an unprecedented slowdown, with hiring demand among UK employers falling to its lowest level in recent memory. A recent global employment outlook survey by ManpowerGroup, interviewing over 40,000 companies worldwide and 2,000 in Britain, indicates that only 11 per cent of UK businesses expect to grow their headcount in […]
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Rachel Reeves Orders Ministers to Curb Spending Amid Mounting Debt Pressure and Growth Fears
Chancellor Rachel Reeves has addressed cabinet ministers with a stark warning on government finances, directing all departments to operate strictly within their budgets as the nation faces rising borrowing costs and stagnating economic growth. With the autumn budget looming, Reeves is expected to introduce significant tax increases to address a staggering £40 billion shortfall threatening […]
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Why Britain Is Paying Millions To Waste Green Energy
On blustery days, the vision laid out by Ed Miliband for a net zero future suggests that turbines across Scotland should be hard at work, delivering abundant clean power to the British grid. Yet the reality has proved more complicated: Britainâs electricity infrastructure is now so constrained that even as turbines generate record volumes of […]
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Keir Starmer Seeks Common Ground With Donald Trump On Free Speech And Tech Partnership
Sir Keir Starmer is expected to align with US President Donald Trump by offering a robust commitment to safeguarding free speech as negotiations for a new technology partnership advance. Set to be announced during Trumpâs state visit next week, the deal is slated to highlight the critical role of free expression and explicitly pledge not […]
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Revolutionary MIT wearable enables silent communication with the power of thought
Researchers at the Massachusetts Institute of Technology have unveiled a breakthrough wearable device that grants users what they call the “power of telepathy” by allowing communication without uttering a word. The device, appropriately named AlterEgo, is billed as the world’s first near-telepathic wearable and is worn around the ears in the style of a hearing […]
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Car Finance Scandal FCA Probes Millions of Mis Sold Loans
The UK financial watchdog is scrutinising 30 million car finance agreements, as part of a sweeping investigation into potentially mis-sold loans that may trigger a multibillion-pound compensation scheme. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), told MPs that the agency is examining car finance deals arranged between 2007 and 2020 to determine […]
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Nordic Euroscepticism Wanes as Geopolitical Tensions Rise in Europe
Norway has long stood as a poster child for Eurosceptics who argue that life outside the European Union is preferable to being within the bloc. However, as both Vladimir Putinâs renewed aggression and Donald Trumpâs unpredictable stance on transatlantic security put the region on edge, Nordic nations traditionally wary of Brussels are reconsidering their position […]
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Breast milk breakthrough promises new standard in infant nutrition and investment opportunity
An unexpected breakthrough by three British biologists could revolutionise the way breast milk is stored, presenting both health and commercial prospects for families and investors alike. BoobyBiome, a biotechnology start-up founded by Dr Tara OâDriscoll, Dr Lydia Mapstone, and Dr Sioned Jones, has secured £2.5 million in funding to develop a cutting-edge device aimed at […]
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Smokers Illness and Rising Economic Costs in the UK
Nearly one million smokers across England are now reportedly out of work owing to illness, highlighting a growing link between tobacco use and economic inactivity. Over the last decade, the number of smokers unable to work due to ill health has climbed by nearly 80 percent, according to research by a team at University College […]
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North Sea Policy Uturn Could Save Billions for the UK
Kemi Badenochâs latest announcement to overturn existing policies on North Sea oil and gas was met with instant criticism from environmental groups. Recently installed as Conservative leader, Badenoch has proposed reintroducing new licences, supporting exploration for fresh fields, and rolling out a more supportive tax regime for energy firms. Her aim is to stem the […]
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Macron faces turmoil as Bayrou ousted and France edges toward political crisis
President Emmanuel Macronâs government has been plunged into crisis after the ousting of his prime minister François Bayrou. The 74 year old Bayrou was ejected from office following a humiliating defeat in a parliamentary confidence vote over his austerity budget. He becomes the first French premier since 1958 to call a confidence vote in himself […]
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Londoners Pull Back from Provincial Property Market as House Price Growth Stalls
Londoners are buying the lowest share of properties outside the capital since 2013, as stalling prices and the return to office working sap enthusiasm for relocating. New research reveals that only 5.3% of house purchases made elsewhere in the country during the first seven months of this year involved London buyersâa marked drop from the […]
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Christmas Chocolates Lose Weight as Shrinkflation Bites into Festive Favourites
Christmas in Britain would not be the same without indulging in tubs of Quality Street or Celebrations, but 2025 brings unwelcome news for chocolate lovers. A new wave of shrinkflation, driven by global supply chain pressures, has seen the weight of classic festive confectionery trimmed down in response to escalating raw material costs â particularly […]
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Volkswagen seeks tariff resolution as Trump trade war costs billions
Volkswagenâs chief executive, Oliver Blume, addressed industry leaders at the International Motor Show IAA in Munich, standing beside the firmâs forthcoming Polo ID electric car. The German automotive giant is moving swiftly to secure a favourable trade deal with the United States while it sets its sights on the affordable electric car market in Europe. […]
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Mirror Express and Star Publisher Reach to Axe 600 Jobs in Major AI Driven Shakeup and Pivot to Digital Subscriptions
The publisher of the Mirror, Express and Star newspapers is set to cut 600 jobs in its most radical restructuring to date as it contends with rapidly changing reader habits and the growing impact of artificial intelligence. Reach plc, which also owns a wealth of regional titles such as the Manchester Evening News, Birmingham Mail […]
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UK Banks Face Legal Action Over Shared Appreciation Mortgages That Have Left Borrowers Deep In Debt
Two of the UKâs banking giants are facing group legal actions over controversial shared appreciation mortgages that have left some borrowers owing up to twenty times more than they originally borrowed. Law firm Teacher Stern is spearheading the cases against Barclays and Bank of Scotland, aiming to secure justice for dozens of current and former […]
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NHS Doctors Urged to Resist Strike as Government Outlines Pay and Training Reforms
The health secretary Wes Streeting has issued a direct appeal to newly qualified doctors, urging them to refrain from joining strike action orchestrated by the British Medical Association. Writing in The Times, Streeting criticised the BMAâs latest ballot, which seeks to include all foundation year one doctors in potential walkouts amid an ongoing dispute over […]
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Visa Restrictions Loom as Britain Takes Hard Line on Migrant Returns Policy
Britain has signalled a shift towards a more transactional approach in its immigration policy, announcing plans to implement visa restrictions on countries that are unwilling to take back illegal migrants. The new Home Secretary, Shabana Mahmood, made clear her intention to introduce an escalating scale of penalties, from stricter visa quotas to outright bans, to […]
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Reeves Urged To Break With OBR Rules To Unlock UK Growth Opportunities
Labour’s economic strategy is coming under scrutiny as Louise Haigh, a leading contender for the party’s deputy leadership, has called for significant reform of the UK’s independent spending watchdog, the Office for Budget Responsibility (OBR). In a bold intervention, Haigh urges Chancellor Rachel Reeves to challenge the ârigid orthodoxyâ of the OBR, arguing that the […]
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Britain sleepwalks into largest food safety crisis since horsemeat scandal as illegal meat floods high streets
Criminal gangs are inundating the UKâs high streets with illegal meat, triggering what MPs have described as the most significant food safety crisis since the horsemeat scandal. According to a recent report from the Environment, Food and Rural Affairs (Efra) select committee, alarming volumes of potentially dangerous meat and dairy products are being smuggled into […]
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Ineos pulls plug on UK investments moves billions to US amid tax and energy squeeze
Sir Jim Ratcliffeâs Ineos group has halted fresh investment in the United Kingdom and shifted its financial priorities to the United States, citing soaring energy costs and an unpredictable British tax regime as decisive factors in its strategy. Brian Gilvary, chair of Ineos Energy, confirmed that the company has redirected all new capital towards US […]
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Farage Plans Strict Migrant Benefit Cuts and Tightens Welfare Rules in Landmark Reform Move
Reform UK has unveiled bold plans to dramatically curtail migrantsâ access to the British welfare system, strengthening the partyâs stance on benefit reform and public spending. Speaking at the partyâs annual conference in Birmingham, Nigel Farage announced that only British citizens in full-time work would benefit from the proposed removal of the two-child cap on […]
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English Distillery Breaks Century Old Drought With Nations First 18 Year Old Whisky
After over a century of absence from the whisky landscape, England has launched its first 18 year old single malt, marking a significant milestone in the nations spirits industry. The English Distillery in Norfolk, a family enterprise, takes centre stage as it releases a limited batch of just 60 bottles of its âCask 001â, each […]
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Nuclear Investment Surge Set for Britain as US Tech Giants Seek Power for AI Push
JD Vance, the United States vice-president, has placed Britain at the centre of a coming wave of nuclear investment, following private discussions with major American nuclear companies during his recent visit to Scotland. Vance, who combined talks with a round of golf at Turnberry, met executives from Westinghouse, GE Hitachi, X-energy, Holtec International and TerraPower, […]
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Britains 5G Expansion Threatened by Farmer Revolt Over Mobile Mast Rents
Britainâs ambitious 5G rollout faces a significant roadblock as rural landowners and farmers threaten to withdraw support for hosting mobile masts, following dramatic rent reductions imposed by telecom operators. Reports have surfaced from regions such as Cornwall and Dorset, where rents have plummeted by as much as 90 per cent, with one farmerâs annual income […]
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London Underground Strikes Threaten Economic Disruption Across Capital
London commuters face significant disruption this week as industrial action by London Underground staff intensifies, leading to a four day shutdown of Tube services. The escalation comes after the RMT union rejected calls to withdraw planned strikes, as approximately 10000 employees advocate for a reduced working week within the ongoing pay dispute. Transport for London […]
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Maeving secures £8 million investment to accelerate e motorbike production growth
Coventry-based electric motorbike manufacturer Maeving has attracted an £8 million investment as it seeks to ramp up domestic and international production. The company, founded by Seb Inglis-Jones and Will Stirrup in 2018, has drawn backing from well-known venture capital players such as Venrex, Future Planet Capital and Elbow Beach Capital. Angel investors include John Ayton […]
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Race to Build Drones for Britain as New Era of Warfare Unfolds in Ukraine and Beyond
In the rolling fields of Hampshire, the landscape of modern conflict is quietly being transformed. Soldiers from the 2nd Battalion of the Parachute Regiment, now equipped with an uncrewed aerial systems platoon, are instructing army infantry not just in flying drones but in the full operational spectrum, from reconnaissance to executing precision strikes with so-called […]
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Competition Watchdog Faces Criticism Over Slow Response To Big Tech Dominance
The UK competition watchdog has come under renewed criticism for its pace in challenging the growing influence of major US technology companies and upholding consumer rights. Lord Tyrie, former chairman of the Competition and Markets Authority (CMA), has voiced concerns over the regulatorâs slow adoption of powers granted under the Digital Markets Competition and Consumers […]
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Jaguar Land Rover Cyberattack Brings UK Carmaking To Standstill
Britainâs largest carmaker Jaguar Land Rover (JLR) faces its most severe disruption since the pandemic as a cyberattack cripples production across the UK and international sites. The incident has not only rendered critical computer systems virtually useless, but also forced a halt to production lines in Solihull, Halewood, Wolverhampton and plants in Slovakia, Brazil and […]
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Changan launches Deepal S07 in the UK to take on Tesla and Nissan Qashqai
Changan, one of Chinaâs largest state-owned car manufacturers, is intensifying its push into the British automotive market with the launch of its all-electric Deepal S07. With a starting price of £39990 the S07 undercuts Teslaâs Model Y by at least £5000 making it an attractive proposition for British motorists keen on more affordable electric options. […]
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Weight Loss Pill Set to Transform UK Market as Eli Lilly Eyes 2026 Launch
The United Kingdom stands on the threshold of a radical transformation in obesity treatment, as Eli Lilly prepares to introduce a daily weight-loss pill, Orforglipron, in 2026, once regulatory approval is secured. According to international president Patrik Jonsson, Britain will be among the first nations to access this orally administered alternative, which is poised to […]
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AI Interns to Earn $35000 a Month at XTX Markets as Alex Gerko Targets Top Talent
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. […]
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UK Sells Inflation Linked Gilts at Highest Cost in Over Twenty Years
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 […]
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Companies axe workers at fastest pace as payroll tax raid bites
Businesses across the United Kingdom have been forced to shed jobs at the swiftest rate seen since 2021, as Rachel Reevesâs £25 billion payroll tax increase takes hold. According to the Bank of Englandâs latest survey, employment dipped by 0.5 per cent during the three months to August, revealing a significant contraction in the UK […]
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Ørsted sues US government after Trump blocks offshore wind farm plans
Britainâs largest wind farm operator, Ãrsted, 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 […]
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Alphabet shares soar as US court spares Google Chrome and Android in landmark antitrust ruling
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 Alphabetâs stock by 9 per cent to […]
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Jaguar Land Rover Cyber Attack Brings Repairs Sales and Production to a Halt
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 […]
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Dutch Pension Fund Withdraws €14.5 Billion Euros From BlackRock Over Green Credentials
One of Europeâs most influential pension funds has withdrawn a mandate valued at approximately â¬14.5 billion from BlackRock, citing growing concern over the US asset managerâs stance on sustainability and environmental issues. The decision by PFZW, which manages around â¬250 billion in assets, underscores an increasing divergence between European and American investors in environmental, social, […]
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Jet2 profit warning as late bookings rise and shares slide
Jet2, the UKâs largest package holiday operator and third biggest airline by passenger numbers, has announced anticipated profits will be at the lower end of analystsâ 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 Augustâs […]
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Tesla Leads UK Electric Car Market Despite European Declines
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, […]
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Amazon Joins the Billion Pound UK Taxpayer Club Amid Rising Sales and Scrutiny
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 […]
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Chinese City Launches Banquet Subsidy to Ignite Consumer Spending in Shaoxing
In a bid to stimulate consumer demand and uphold ambitious economic growth targets, the Chinese city of Shaoxingârenowned for its iconic cooking wineâhas 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 […]
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North Sea Oil and Gas Tax Scrapping Could Meet Half of UK Energy Needs By 2050
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 […]
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Google avoids break up but must share search data with rivals in landmark antitrust decision
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 […]
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Watches of Switzerland reassures market as US tariffs loom
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 […]
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John Lewis Secures Topshop Comeback To High Street In Major Strategic Move
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 […]
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UK Bond Market Volatility as Bank of England Weighs Pace of Gilt Sales
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 […]
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Ontario Premier Vows Reprisal Against Diageo Over Distillery Closure
Ontarioâs 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 Diageoâs strategy to streamline its North American supply chain and focus more closely on United States markets, […]
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Shell Cancels Rotterdam Biofuels Plant as Green Energy Push Falters
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 […]
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Why The UK Budget Is So Late and What Is At Stake For Rachel Reeves And The Treasury
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 […]
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Modi stands firm as Trump escalates tariff war and India plots new alliances
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 worldâs leading authoritarians has not impressed the White House. Ahead of Modiâs visit, Donald Trumpâs trade envoy, Peter Navarro, sharply criticised Indiaâs prime minister for aligning […]
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Le Pen and Bardella Eye Power as France Faces Debt Crisis
François Bayrou, Franceâs 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 […]
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Cement Production Hits 75 Year Low Threatening UK Housebuilding Ambitions
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 […]
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Heathrow Faces Shake Up As Dubai Dublin And Singapore Airport Operators Eye New Terminal Role
The landscape at Heathrow is evolving as leading global airport operators consider bidding to manage a potential sixth terminal under Surinder Aroraâs 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 […]
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Jaguar Land Rover cyber attack halts production several UK retailers targeted by teenage hacking collective
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 […]
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Dictators Dream of Immortality as Xi Putin and Kim Discuss Biotechnology and Human Longevity in Beijing Parade
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 […]
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Sainsburys facial recognition trial in shops sparks privacy debate and industry scrutiny
Sainsburyâs, the UKâs 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 […]
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Suntory CEO Resigns Over Police Investigation into Imported Supplements
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 Suntoryâs chairman and chief executive, offered his resignation after confirming he was being investigated by […]
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Heathrow West unveils rival twenty five billion pound expansion to challenge Singapores Changi Airpor
Britainâs aviation future is poised for transformation, with the Arora Group unveiling a bold rival plan to Heathrowâs existing expansion ambitions. Surinder Arora, one of the UK’s wealthiest property and hospitality tycoons, has confirmed submission of a £25 billion schemeâHeathrow Westâwhich would deliver a third runway and remodel the airport, aiming to outcompete not only […]
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Kraft Heinz to Restructure as Two Separate Companies After a Decade of Decline
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 […]
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