Richard Liu, the billionaire founder of JD.com, has called the past five years the dreariest chapter in his career. The Beijing-based ecommerce giant, known as Jingdong in China, is now looking to Europe and, in particular, the British high street as it seeks growth beyond an increasingly saturated Chinese market. JD.com stands as the largest […]

Back in 2012, a Greggs sausage roll was priced at a modest 66p. Fast forward to 2025 and shoppers now face a cost of £1.30 for the same popular snack, an increase that almost doubles its original price. This sharp rise spotlights the broader pressures of food inflation affecting high street retailers and consumers alike […]

UK Chancellor Rachel Reeves faces mounting pressure to increase taxes in the forthcoming November budget after official figures revealed government borrowing soared to a five year high in August. Data from the Office for National Statistics showed a borrowing figure of £18 billion, the largest since August 2020. This total surpassed last year by £3.5 […]

Spire Healthcare, one of the United Kingdom’s leading private healthcare providers, is actively weighing up a potential sale. The company, currently listed on the FTSE 250, faces mounting discontent from key shareholders and its board regarding its £1 billion valuation on the London Stock Exchange. Spire, which operates 38 hospitals and more than 50 clinics, […]

Nvidia, the world’s most valuable company, is set to invest $500 million in Wayve, the British self-driving car technology developer, in a move that highlights the soaring international interest in the United Kingdom’s artificial intelligence sector. The announcement came during President Trump’s state visit, with Nvidia unveiling a £2 billion investment strategy to back leading […]

Policymakers at the Bank of England and the Treasury are now navigating economic decision-making with less confidence, as the quality of labour market data from the Office for National Statistics (ONS) continues to erode. The ONS recently revealed a drop in the response rate to its jobs survey for the first time in nearly two […]

Vladimir Putin is poised to increase the financial burden on Russia’s wealthiest citizens, with new tax proposals aimed at funding the protracted war effort in Ukraine. As Russia’s fiscal pressures mount, the Kremlin is considering substantial measures, such as elevating taxes on dividends and luxury goods—a move President Putin justified by referencing similar policies implemented […]

The Chancellor, Rachel Reeves, is set to announce a review of Britain’s digital services tax (DST) as she prepares for her Autumn Budget. This decision comes at a time of mounting calls from the White House to abolish the levy, spurred by President Donald Trump’s ongoing criticism that the DST unfairly targets American technology giants. […]

A new era for atomic energy is mounting, as Britain and the United States lay the groundwork for nuclear-powered cargo ships and floating nuclear power stations. This bold step, heralded by a recent technological partnership between Sir Keir Starmer and Donald Trump, could see the development of container vessels with onboard nuclear reactors. These ships, […]

The European Union has announced plans to stop importing Russian liquefied natural gas (LNG) one year earlier than previously scheduled, in a move designed to increase economic pressure on Vladimir Putin’s regime and curb funds used to sustain the war in Ukraine. The embargo, now due to take effect by the end of 2026, follows […]

Retail giant Next has sounded the alarm on the UK’s economic outlook, stating that the nation faces a prolonged period of slow growth due to mounting tax burdens and tightening regulation. Announcing its results for the six months to July, the FTSE 100-listed retailer reported a 10.3 percent year-on-year increase in sales, reaching £3.3bn, and […]

Novo Nordisk, headquartered in Copenhagen, has seen its shares surge by more than 6 per cent after unveiling promising results from a late-stage clinical trial of its new anti-obesity tablet. The pharmaceutical company gained approximately £9 billion in value in a single trading day, providing a much-needed boost after nearly 60 per cent was wiped […]

Nvidia, the world’s leading chipmaker, has revealed plans to invest $5bn in Intel and enter into a significant collaboration with the embattled semiconductor firm. This move comes just a month after the Trump administration confirmed it had acquired a ten percent stake in Intel, an extraordinary intervention that sent markets into a frenzy. Nvidia’s announcement […]

UK taxpayers have suffered a staggering loss of £400 million following the collapse of hundreds of start-ups backed by the government’s pandemic-era Future Fund, an initiative introduced by Rishi Sunak during his tenure as chancellor. Originally launched in May 2020, the Future Fund aimed to inject life into emerging businesses at a time of crisis, […]

The Bank of England is pressing pause on the pace of its much discussed quantitative tightening programme, an economic measure that has quietly but significantly reshaped UK public finances. This process—essentially the opposite of the quantitative easing deployed during the 2008 financial crisis—has become a central topic in conversations about government debt, inflation, and the […]

Two British teenagers have been charged with orchestrating a significant cyberattack against Transport for London, a breach that inflicted losses exceeding £39 million on the capital’s transport authority. The defendants, Thalha Jubair, 19, from east London, and Owen Flowers, 18, from Walsall, are alleged to have played leading roles in the hack which unfolded on […]

President Donald Trump has issued a stern warning to Prime Minister Sir Keir Starmer, declaring that illegal immigration is eroding Britain ‘from within’ and suggesting the use of military force to curb small boat crossings in the English Channel. At a joint press conference following Trump’s two day state visit, the US President drew parallels […]

Britain’s leading pet retailer, Pets at Home, has witnessed a dramatic fall in its share price as the surge in cat and dog ownership seen during the pandemic comes to an abrupt end. The company’s shares plummeted by as much as 23 per cent on Thursday, erasing over £160 million in value and making it […]

Nvidia chief executive Jensen Huang has proclaimed the United Kingdom as a prime location for wealth generation in the tech sector, urging investors to turn their attention to British innovation. Backing Sir Keir Starmer’s push for artificial intelligence leadership and referencing recent state visits, Huang made clear his company’s ambitious plans, including a £2bn investment […]

Britain’s automotive supply chain is facing disruption after a significant cyber attack paralysed Jaguar Land Rover’s (JLR) global operations. Webasto, a key supplier of glass roofs based in Sutton Coldfield, Birmingham, has temporarily halted its factory and begun laying off staff. This move comes as JLR’s production lines remain inactive, directly impacting hundreds of suppliers […]

Rachel Reeves, the Chancellor, is confronting a significant fiscal challenge as she prepares for her autumn Budget. With the government needing to plug a gap of between £20bn and £50bn through tax rises and spending cuts, the pressure is mounting to find credible solutions that will restore balance to the nation’s finances. Andrew Bailey, Governor […]

The UK government’s decision to maintain windfall taxes and impose drilling restrictions in the North Sea could cost the Treasury £10bn in lost tax revenue by 2030, analysts have warned. Measures championed by Energy Secretary Ed Miliband are already driving oil and gas companies out of British waters, putting considerable strain on Chancellor Rachel Reeves’s […]

For decades, French retirees have enjoyed an enviable standard of living, departing the workforce as early as 62 and benefiting from one of the most generous state pension systems in Europe. This era, however, is drawing to a close, as economic pressures and shifting demographics threaten the sustainability of the country’s model. The crisis deepened […]

Chancellor Rachel Reeves faces a new challenge as the Office for Budget Responsibility (OBR) prepares to downgrade its key productivity forecast. According to sources within the Treasury, the government’s independent watchdog has conducted a review of its predictive models, which will result in a less optimistic outlook for UK growth. This move could significantly undermine […]

The UK’s annual inflation rate held at 3.8% in August, according to the latest Consumer Prices Index data from the Office for National Statistics. This figure stands unchanged from July and aligns with economists’ forecasts, maintaining financial pressure on households as the Bank of England prepares its next move on interest rates. The Bank is […]

The United Kingdom’s stock market has experienced its largest investor exodus in more than twenty years, with international fund managers now treating Britain akin to an emerging economy. A recent survey by Bank of America reveals a dramatic month-on-month reduction in holdings of London listed shares, registering the biggest outflow of British equities since April […]

GSK, one of Britain’s foremost pharmaceutical giants, has announced an ambitious plan to invest $30 billion in the United States over the coming five years. This investment will bolster research and development efforts as well as enhance the company’s supply chain, signalling a strategic move influenced by mounting pressure from the US administration. The company […]

The Financial Conduct Authority (FCA) has confirmed that cryptocurrency firms will be exempt from the key consumer protection rules found within its new Consumer Duty framework when the regulator extends its oversight of the sector next year. The newly introduced duty, which came into force in 2023, requires regulated firms to go beyond minimal rule […]

Britain’s second-largest housebuilder, Barratt Redrow, has told shareholders to temper expectations for the coming year, citing uncertainty surrounding potential stamp duty reforms and persistent market challenges. The developer, which commenced its new financial year in July, acknowledged a year-on-year trading uptick, yet remains circumspect given speculation over property tax changes. Chief executive David Thomas highlighted […]

Morrisons has reported a slowdown in likeforlike sales growth for the latest quarter raising concerns that Lidl is set to overtake it as the United Kingdoms fifth largest supermarket. The grocer which is under the ownership of US private equity firm Clayton Dubilier and Rice posted a 3 per cent rise in likeforlike sales marking […]

China has instructed its leading technology companies, including ByteDance and Alibaba, to cease use and testing of Nvidia’s artificial intelligence chips, according to new information reported this week. The directive comes from the Cyberspace Administration of China (CAC) and signals a sharp escalation in Beijing’s ambition to reduce reliance on American technology suppliers in the […]

Nvidia, the US technology giant, has committed £500 million to Nscale, an AI infrastructure start-up based in London. The announcement, made during President Trump’s state visit, marks a significant step for the UK’s ambition to lead in artificial intelligence technology. Jensen Huang, Nvidia’s chief executive, described Nscale as a potential national champion capable of generating […]

The US Federal Reserve has reduced its benchmark interest rate for the first time in 2025 marking a pivotal moment for global markets and US economic policy. The quarter point cut to a range of 4 to 4.25 per cent follows an intense campaign from President Trump pushing for faster monetary easing to support what […]

The battle between the NHS and pharmaceutical giants is reaching boiling point as accusations fly over the UK’s approach to funding modern medicines. A fresh row has ignited during President Trump’s state visit, with industry leaders demanding Britain pay more for life-changing drugs while government advisors insist patients are not losing out under current cost […]

During President Donald Trump’s high-profile visit to the United Kingdom, a landmark £750 million deal has been sealed with Palantir, the renowned data analysis firm known for its intelligence work and links with the US defence community. British armed forces are set to overhaul their battlefield capabilities using Palantir’s artificial intelligence technology, designed to revolutionise […]

The UK labour market has undergone a dramatic shift as economic uncertainty, artificial intelligence anxieties and heightened employment costs converge. The result is a sharp slowdown in job moves across the country—a trend now described as “the great stay”. Employees, wary of losing their positions amidst rounds of lay-offs, are choosing job security over new […]

Dr Aseem Malhotra’s address at the recent Reform UK party conference in Birmingham sent ripples through the pharmaceutical sector and political circles alike. Known for his vocal opposition to Covid19 vaccines, Dr Malhotra escalated his rhetoric, accusing drug companies of hijacking medicine for profitable motives and alleging widespread harm from mRNA Covid vaccines. His claims […]

Jeff Zucker, chief executive of Abu Dhabi-backed investment fund RedBird IMI, has issued a stark warning on the state of the UK’s regulatory environment after his group abandoned plans to acquire ITV’s production arm. Zucker singled out Britain’s stringent rules as a deterrent to investment, arguing that red tape is stifling ambition and hampering innovation […]

Google has pledged to invest £5bn in the United Kingdom over the next two years, delivering a significant vote of confidence in Britain’s thriving technology sector. The Silicon Valley titan’s announcement aligns with the opening of its new datacentre in Waltham Cross, Hertfordshire, as surging demand for artificial intelligence and cloud computing transforms the competitive […]

The triple lock on the UK state pension is back in the spotlight as new figures suggest payments could increase significantly from next April. This decadesold mechanism determines how much pensioners receive annually, and its future is a matter of political and economic debate. Introduced by the coalition government in 2011, the state pension triple […]

Britain’s pharmaceutical sector has been thrust into sharp focus as the government pledges urgent action to resolve a standoff with multinational drug companies. In the aftermath of several high-profile withdrawals of investment, Ministers have promised to reverse a ten-year slide in NHS spending on medicines and prioritise the rapid adoption of new medical innovations. Lord […]

Official figures released by the Office for National Statistics indicate signs of growing softness in the UK labour market. August saw a reduction of 8,000 in monthly payroll numbers, pushing total employment down to 30.3 million. Notably, revised figures for July show a smaller but still negative movement, with payrolls falling by 6,000 rather than […]

Data from Barclays has revealed a significant shift in the behaviour of first-time buyers across the UK. Increasingly, individuals entering the property market are bypassing traditional starter flats and opting instead for larger, family-sized homes. Semi-detached properties comprised 33.5 per cent of first-time buyer purchases in August this year, a 1.7 percentage point increase from […]

Susie Ma, a former finalist of the BBC’s hit series The Apprentice and founder of Tropic Skincare, has rewarded herself with a £20 million dividend after a robust year of trading followed her acquisition of Lord Sugar’s 50 per cent stake in the company. Pre-tax profits at the Croydon-based skincare brand soared by more than […]

The state pension in the United Kingdom is on track to see a 4.7 per cent rise next year, driven by robust earnings growth and the government’s continued commitment to the so-called triple lock guarantee. With average weekly earnings increasing by 4.7 per cent in the three months leading up to July, this metric is […]

The United Kingdom’s stock market has experienced its sharpest exodus of investors for more than two decades, with international fund managers increasingly viewing Britain as if it were an emerging economy. A well-respected survey from Bank of America has revealed that fund managers have drastically reduced their holdings in London-listed shares this month, dragging allocations […]

Landlords across the country are rushing to sell off their rental properties as mounting tax burdens and incoming renters’ rights reforms fundamentally reshape the buy to let market. Research indicates that years of increasing costs imposed by successive governments have steadily eroded investor appetite for residential property. Stamp duty on new buy to lets first […]

Too many young people are falling out of employment and losing touch with the world of work, according to Pat McFadden, the new Secretary of State for Work and Pensions. In a recent statement, McFadden signalled a shift in focus for the government away from immediate welfare cutbacks and towards helping the under 25s reintegrate […]

Wedgwood, the esteemed British fine china manufacturer with a heritage stretching back to 1759, has temporarily suspended production at its Barlaston factory in Staffordshire. The hiatus, attributed to declining demand across key international markets, marks a rare pause for a business whose dinnerware has graced the tables of the Royal Family, the White House, and […]

Sir Keir Starmer has relinquished efforts to secure tariff-free access for British steel exports to the United States, shifting his focus towards confirming a permanent 25 per cent tariff arrangement as Donald Trump prepares for his visit to the United Kingdom. The British steel sector has long been burdened by a 25 per cent levy […]

Sky is set to cut around 600 jobs, as the renowned British media group adapts to seismic changes in the television sector. The company, which has a workforce of approximately 23000, recently launched a consultation that could impact as many as 900 roles, though not all will ultimately be made redundant. This marks the third […]

Global investors have been deserting British equities at an unprecedented pace, with outflows reaching their highest level in two decades. According to new figures released this week, money managers worldwide sold UK stocks during the initial weeks of September at the fastest rate witnessed since April 2004. The data, sourced from a Bank of America […]

Millions of customers of luxury fashion giant Kering—parent company of Gucci, Balenciaga and Alexander McQueen—have had their personal data stolen in a significant cyber-attack. The incident, attributed to the notorious hacking group Shiny Hunters, was confirmed by Kering after unauthorised access to its systems in June 2025. The breach exposed sensitive information such as customer […]

A major breakthrough has emerged in the prolonged dispute between Washington and Beijing as both sides reached a framework agreement to transfer the ownership of TikTok into US hands. The accord, struck following high-stakes negotiations, marks a new phase for one of the world’s most popular social media platforms, which has spent years at the […]

Pavegen, the pioneering London-based firm specialising in kinetic floor tiles that convert footsteps into electricity, has secured an additional £1.3 million in funding as it establishes itself on major construction sites across the Middle East and Asia. Among the 1,100 investors contributing to the recent crowdfunding round are members of the Saudi royal family, reinforcing […]

The chief executive of Aldi UK and Ireland, Giles Hurley, has cautioned that new government measures raising business costs could translate into higher food prices for Britons. Speaking after Aldi’s UK operating profit slumped by more than a fifth, Hurley urged Chancellor Rachel Reeves to weigh the impact of potential tax rises, business rate hikes […]

Alphabet, the parent company of Google, has secured its place among the most elite corporations in global markets by achieving a valuation exceeding three trillion dollars. This remarkable milestone followed a more than four percent surge in shares on Monday, fuelled by sustained faith in artificial intelligence advancements and relief at a recent high-profile antitrust […]

Penske Media, the proprietor of iconic titles such as Rolling Stone, Variety, and Billboard, has initiated legal proceedings against Google, alleging the technology giant has unlawfully utilised its journalism to create search engine summaries that reduce site visits. The publisher claims Google’s AI-powered “overviews” are directly damaging the digital media industry by displaying article content […]

BT has announced the appointment of Indian telecoms magnate Sunil Bharti Mittal to its board as a non-executive director. This move marks a significant development for the FTSE 100 telecommunications stalwart as Mittal, founder and chairman of Bharti Enterprises, increases his oversight and influence over the group’s operational direction. Gopal Vittal, vice-chairman and managing director […]

Shares in AO World surged over ten per cent after the online electricals retailer announced an ambitious share buyback programme and raised its profit outlook, marking a significant milestone in its ongoing turnaround strategy. The Bolton-based company, known for its range of white goods and household appliances, revealed plans to repurchase up to £10 million […]

Flying taxis are set to become a reality in Britain, as Vertical Aerospace announces plans to establish a major production site capable of building 700 battery-powered air taxis per year. Chief executive Stuart Simpson, unveiling the initiative ahead of an investor event in New York, envisions Britain as a potential global leader in this rapidly […]

Russian prosecutors have been instructed to take control of KDV Group, the multibillion-rouble food empire built by Denis Shtengelov, a Siberia-born entrepreneur now residing in Australia. The sweeping move, worth some 500 billion roubles (£4.4 billion), follows allegations by the Kremlin that Mr Shtengelov and his family offered support to Ukraine during the ongoing conflict […]

British philanthropist Lady Lynn Forester de Rothschild is exploring the sale of a major stake in The Economist Group in what could be the most significant change to the iconic publication’s ownership in a decade. Advisers at Lazard have been enlisted to assess offers for approximately a 20 percent interest, with the potential transaction estimated […]

Elon Musk has reaffirmed his confidence in Tesla by making his first open market purchase of Tesla shares since 2020, acquiring approximately $1 billion worth in a bold move that sent the electric carmaker’s shares surging. The acquisition, made through a revocable trust, saw Musk adding 2.6 million shares at prices ranging from $372 to […]

The UK housing market has recorded its first annual drop in average asking prices since January 2024, with new figures from Rightmove revealing a 0.1 per cent year-on-year decline for properties coming onto the market this September. The current average asking price stands at £370,257, signalling a notable shift in market momentum after more than […]

Food and drink prices in the United Kingdom are set to rise faster than previously anticipated, with the Food and Drink Federation now projecting inflation to reach 5.7 per cent by the end of 2025. The revision comes in the wake of escalating commodity prices and the impact of new government levies, which continue to […]

A British technological breakthrough has placed the United Kingdom at the forefront of quantum computing innovation. Quantum Motion, a London-based start-up established by academics from Oxford and University College London, has created the world’s first quantum computer manufactured with standard silicon chip technology commonly seen in modern laptops and mobile phones. This pioneering machine has […]

Ministers are poised to unveil ambitious plans to fasttrack a new era of small modular nuclear reactors as part of a landmark UK US deal aiming to cement Britain’s position as a global leader in nuclear technology. This agreement coincides with President Trump’s state visit and will see the two nations mutually recognise each other’s […]

Britain’s cider sector is poised to toast an exceptional vintage as 2025’s bumper harvest delivers apples of rare quality and abundance. A record-breaking warm spring and summer across the UK have endowed cider orchards in regions such as Somerset and Devon with fruit described as “full of rich flavours and natural sweetness” by industry leaders. […]

The British economy stands at a crossroads, offering little growth momentum as Chancellor Rachel Reeves faces her second budget statement in November. Despite assurances that the economy is “stuck, not broken,” the latest GDP figures highlight an uphill struggle, with output flatlining in July after modest growth earlier this summer. Many economists had anticipated a […]

Britain’s long term borrowing costs have soared to levels unseen since 1998, ratcheting up pressure on Chancellor Rachel Reeves ahead of her crucial autumn budget scheduled for 26 November. Investors are increasingly uneasy as the yield on government bonds surges, threatening to make government borrowing more expensive and stretching the public finances further. This spike […]

Pret a Manger chief executive Pano Christou is emphatic about the company’s approach to pricing. Responding to widespread perceptions of rising costs, Christou insists that the chain has resisted significant price inflation this year. “We have really held our prices this year,” Christou stated, underscoring a commitment to keeping prices below spiralling national inflation. He […]

Stellantis, the automotive group behind brands such as Vauxhall and Peugeot, is preparing for a staggering £37 million financial blow amid the ongoing mis selling scandal affecting the motor loans industry. The Group’s UK finance arm, based in the Netherlands, has disclosed significant provisions as regulators move closer to announcing a sweeping compensation scheme for […]

Sainsbury’s has drawn a definitive line under negotiations to sell Argos to JD.com after the Chinese retail giant sought a substantial shift in terms. The supermarket group confirmed the collapse of the talks just a day after The Telegraph revealed both parties were involved in advanced discussions. JD.com, also known as Jingdong and China’s largest […]

Boohoo is bracing for a tense encounter at its upcoming shareholder meeting, following calls from two major advisory groups urging investors to reject its executive pay policy. This online fashion retailer, now positioning itself under the Debenhams brand, has come under the spotlight after accusations of inadequate transparency regarding a more than £2m bonus for […]

Sir Keir Starmer and Donald Trump are preparing to unveil a landmark quantum computing agreement, positioning the United Kingdom and United States as leading partners in the contest to dominate next generational technology. The much-anticipated pact, expected to be announced during the US president’s state visit, aims to rival China’s substantial investments and advancements in […]

The Daily Mail has sharply criticised Apple, calling on regulators to intervene following the tech giant’s refusal to feature the Mail’s articles on its influential Apple News app. The news group alleges Apple is wielding excessive power within the UK news ecosystem, potentially stifling competition and restricting audience access. Apple News is now the United […]

On a windswept September morning, crowds continue to queue along Marylebone Road for a glimpse of Madame Tussauds’ wax replicas, undeterred by London Underground strikes. Inside, the familiar faces of Harry Styles, Sadiq Khan, Meghan Markle, and Elizabeth II greet visitors, while the venue itself raises questions about its modern-day relevance. At nearly £30 a […]

Chancellor Rachel Reeves is poised to deliver her second budget on 26 November 2025, in what promises to be a pivotal fiscal event for the UK government. Reeves has delayed presenting her tax and spending plans in order to provide the Office for Budget Responsibility ample time to thoroughly assess Labour’s strategy aimed at boosting […]

Downing Street is preparing measures to ease the financial burden of soaring household energy bills, with Chancellor Rachel Reeves considering removing VAT from fuel bills. Reeves has reportedly tasked officials with developing proposals for the upcoming budget to cut costs and provide relief to households facing mounting living expenses. Among the solutions on the table […]

Questions continue to swirl around the finances behind the purchase of a £885000 Essex home linked to Nigel Farage and his partner Laure Ferrari. The property a four bedroom residence complete with a heated swimming pool was acquired in November 2024. The home’s deed lists Ms Ferrari as the sole owner with no mortgage registered […]

Recent months have witnessed immigration once again dominating UK political and economic discourse. In August, polling indicated that 48 per cent of Britons viewed immigration as among the foremost challenges facing the country. This level of concern rivals those seen during the 2015 migrant crisis, according to long-running data from Ipsos dating back to 1974. […]

Chinese automotive brands are rapidly adapting their vehicles for the UK market, responding to critical security demands from British insurers in the face of soaring car theft rates. Modifications are centred on strengthening locking devices, with insurers requiring enhanced features to address the UK’s higher incidence of car crime compared to China. Statistics reveal that […]

The British government has unexpectedly withdrawn its £200 million commitment from the groundbreaking Truths satellite mission, a decision which places the future of this pioneering European space metrology project in serious doubt. The Truths initiative, officially known as Traceable Radiometry Underpinning Terrestrial and Helio Studies, was developed by the National Physical Laboratory and backed significantly […]

Sainsbury’s is reportedly in advanced discussions to sell its Argos retail chain to JD.com, one of China’s largest e-commerce firms. The FTSE 100 grocer acquired Argos for £1.4 billion in 2016 with the ambition of expanding beyond its traditional supermarket business and competing more broadly with online retailers. However, Argos has faced growing scrutiny from […]

Google is negotiating the construction of a vast datacentre on the former SSI steelworks site in Teesside, a move that could herald a major economic transformation for the North East of England. The American technology conglomerate is understood to be engaged in sensitive talks with Teesworks—the 4500 acre regeneration project championed by Tees Valley mayor […]

A devastating cyber attack has paralysed production at Jaguar Land Rover, plunging the flagship carmaker and its extensive supply network into crisis. The incident, attributed to the Scattered Lapsus Hunters – a gang of British and American teenagers – has already prevented the manufacturer from building 1,000 vehicles each day, equating to a staggering £72 […]

Jonas Gahr Støre, Norway’s prime minister, has emerged from a turbulent election with his Labour Party clinging to government thanks to just 28 percent of the vote. His continued grip on power depends entirely on unpredictable deals with the Red Party, the Greens, and the Centre Party as no stable coalitions are forthcoming. Yet it […]

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 […]

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 economy’s 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 […]

Octopus Titan, Britain’s largest venture capital trust, has agreed to significant cuts in management fees following deep dissatisfaction from shareholders incensed by poor returns. The trust’s 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 […]

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 UK’s persistent price pressures at […]

Anglo American’s announcement of a planned fifty billion pound merger with Canada’s Teck Resources marks a pivotal moment in the global mining sector. Described by Anglo’s chief executive Duncan Wanblad as “a truly monumental day,” this move signals a possible new era of consolidation among the world’s top diversified miners. If completed, the deal would […]

Giorgio Armani, one of fashion’s most enduring legends, has left the industry in shock by permitting the sell off of his iconic €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 […]

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 […]

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 company’s market value, following Kroger’s statement that it would be taking […]

AstraZeneca, the United Kingdom’s 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 government’s 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 […]

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 […]

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 […]

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 […]