The age of electric air taxis hovering above the congestion of London and whisking passengers from river pontoon to Heathrow is closer than ever. Joby Aviation, a frontrunner in the electric vertical takeoff and landing aviation sector, is steering its S4 prototype towards commercial deployment, with four key markets in sight: Dubai, the United States, […]

House prices in the United Kingdom climbed more than expected during October, offering fresh evidence of resilient demand against a backdrop of economic and political uncertainty. Nationwide’s latest house price index revealed average prices increased by 0.3 per cent over the month, following a 0.5 per cent rise in September. On an annual basis, prices […]

Wealthy Britons considering relocating to low tax jurisdictions may soon find themselves facing a significant financial sting as government plans emerge to introduce a so called settling up charge on those leaving the country. Chancellor Rachel Reeves is poised to introduce a departure levy of 20 per cent on business assets for individuals emigrating overseas […]

Claims from ministers regarding government support of Jaguar Land Rover (JLR) in the wake of a damaging cyber-attack have come under scrutiny, as the £1.5bn loan guarantee meant to bolster the carmaker and its suppliers remains inactive. Despite government announcements touting decisive intervention, neither JLR nor its suppliers have accessed any of the funds, heightening […]

Since the 2016 referendum, the City of London has wrestled with the repercussions of Brexit, witnessing its position among Europe’s financial capitals dented and its renowned productivity engine flagging. As Frankfurt, Madrid, Milan and Paris have flourished, London’s dominance has been eroded, with hundreds of financial firms moving key operations and over £1 trillion in […]

House price growth across the UK decelerated in October, as buyers adopted a cautious approach ahead of the upcoming budget and potential new property taxes. According to Nationwide, the average price of a home increased by a modest 0.3 percent month-on-month, with the figure rising to £272,226 from September’s £271,995. Annually, house price growth edged […]

The Delevingne sisters have found themselves at the heart of a branding controversy after the Comité Champagne, the official body representing champagne producers, accused them of unfairly capitalising on the reputation of champagne with their vegan prosecco venture, Della Vite. Cara, Poppy and Chloe Delevingne launched Della Vite in 2020. Their marketing campaign has featured […]

Nvidia has cemented its place in technology history, achieving a record breaking £5 trillion market valuation this week. The landmark comes as CEO Jensen Huang concluded a series of planned stock sales totalling over £1 billion, epitomising the chipmaker’s commanding presence at the centre of the artificial intelligence revolution. The final phase of Huang’s divestment […]

The Bank of England faces a decisive moment as members of the Monetary Policy Committee (MPC) prepare for a closely contested vote on whether to reduce interest rates next Thursday. This follows lower than expected inflation readings and fears that tax increases in the forthcoming budget could weigh heavily on economic growth. Recent market sentiment […]

Nvidia has become the world’s first company to reach a valuation of five trillion dollars, marking an extraordinary ascent that has captured the attention of investors and analysts across the globe. The chipmaker achieved this milestone in less than four months, propelled by a surge in demand for its artificial intelligence technology and an ongoing […]

The taxpayer backed National Wealth Fund has issued a warning as losses within Britain’s increasingly crowded challenger broadband sector continue to rise. Over the last financial year the government supported fund saw its losses surge to £152 million up from £85.6 million the previous year. The result comes as a consequence of loans made to […]

Stephen Yiu, the man behind the London-based Blue Whale Growth Fund, has staked his reputation and his fund’s performance on artificial intelligence and, more specifically, a bold bet on Nvidia. Yiu’s early backing has paid extraordinary dividends, turbocharging results that have left competitors trailing in his wake. His conviction in Nvidia dates back to June […]

Hopes were high in the City as Princes Group—the renowned supplier behind Princes tuna and Crisp N Dry cooking oil—began trading on the London Stock Exchange with a valuation of £1.16 billion. Despite raising about £420 million and valuing the business £416 million above last year’s takeover price, shares under ticker PRN opened with a […]

Major UK retailers are engaged in an intensifying turf war, resorting to increasingly assertive strategies to secure prime retail space. With developers slowing their builds and planning restrictions curbing new outlets, traditional expansion routes are closing. Giants such as Marks & Spencer, Lidl, Aldi, and Home Bargains are adopting intermediary leases and purchasing rival freeholds […]

Battersea Power Station, one of London’s most iconic landmarks, is under the spotlight as its Malaysian owners weigh up a potential £2bn sale—an event that could mark the largest single-building transaction in British history. The site’s revival has already transformed a once-derelict shell into a bustling hub featuring 150 retail outlets, restaurants, and lavish flats, […]

Asda has divested high street chain Leon, returning control to its co-founder John Vincent amid mounting criticism over the brand’s recent focus on unhealthy offerings. The deal includes 46 company-owned restaurants and 25 franchise sites, marking a significant moment for a chain that has faced scrutiny for moving away from its original ethos of serving […]

Rachel Reeves is preparing a potential £4 billion tax raid targeting generous pension perks, with higher earners and large firms likely to bear the brunt. The Chancellor is expected to scale back the tax breaks enjoyed by staff and employers who pay into workplace pensions through salary sacrifice arrangements, a move that could cost the […]

Recent data highlights a sharp rise in house fires blamed on solar panels and their batteries, raising concerns about Labour’s ambitious plans to dramatically expand residential solar installations across the United Kingdom. According to figures compiled by insurer QBE, fire services responded to a solar panel-related blaze every two days in 2024—a 60 per cent […]

Shell’s chief executive, Wael Sawan, has announced that the company is preparing to capitalise on an anticipated period of depressed crude oil prices by pursuing selective bolt-on acquisitions. Speaking to The Times, Sawan highlighted a credible scenario of global crude oversupply in 2026, with analysts predicting prices falling below $60 a barrel for the first […]

Two of the world’s largest brewers, Anheuser-Busch InBev and Carlsberg, have each reported a decline in third quarter sales volumes, reflecting softening consumer demand for beer. AB InBev, known for brands such as Corona and Stella Artois, stated that organic volumes dropped by 3.7 per cent, falling short of market expectations. The company attributed this […]

The European Central Bank has opted to maintain its interest rates at 2 per cent, marking the third consecutive meeting without a rate change. This decision follows a better than anticipated performance from the eurozone economy in the third quarter of the year. Financial markets widely predicted this pause, especially given that the ECB has […]

Fox Corporation has surpassed market expectations for quarterly revenue, with robust digital expansion at its Tubi streaming platform and record-breaking viewership for National Football League (NFL) broadcasts driving the uplift. The company has announced a substantial $1.5 billion accelerated share repurchase programme, set to commence on Friday. This initiative adds to the $6.85 billion already […]

Getting a mobile signal in Britain’s remotest corners is set to become significantly easier as Virgin Media O2 clinches a pioneering deal with Elon Musk’s Starlink satellite network to address coverage ‘not spots’. Announced yesterday, the deal will allow O2 Satellite to harness Starlink’s 650 Direct to Cell satellites, offering Virgin Media O2 clients the […]

Amazon delivered a robust third quarter, beating analyst expectations as its cloud computing division gave the company a significant boost. Despite waning strength in its retail operations amid growing uncertainty around global trade and consumer confidence, Amazon Web Services AWS reported a remarkable yearon-year revenue increase of twenty per cent. Revenue for AWS in the […]

Apple has achieved a significant milestone, surpassing a market valuation of £4 trillion for the first time, after releasing strong fourth quarter results that exceeded market expectations. The Cupertino-based technology giant reported quarterly revenues of $102.5 billion, edging ahead of consensus estimates and reflecting robust demand for its latest iPhone 17 range. Net profit rose […]

Donald Trump stormed back into the White House pledging to “drill baby drill” and promising to unleash a new era of American energy dominance. Yet, contrary to his campaign slogans, US oil production is now set to decline over the coming year, leaving industry chiefs frustrated and disillusioned. The reality for US shale executives is […]

Donald Trump and Xi Jinping have once more reached a temporary settlement after a high-stakes summit in South Korea, halting further escalation in their ongoing trade war. The two leaders made significant concessions aimed at reducing immediate tensions, with details pointing to a strategic swap in key sectors—soya beans and microchips. China announced it will […]

Two of the world’s largest pharmaceutical conglomerates have become embroiled in an escalating takeover battle for Metsera, an emerging biotech on the verge of breakthroughs in weight-loss drug innovation. Novo Nordisk, the Danish pharmaceutical heavyweight, has entered the fray with a surprise offer of up to $9 billion, seeking to outmanoeuvre Pfizer’s existing $7.3 billion […]

Ministers have acted decisively to close a loophole in media ownership law that could have enabled foreign states to acquire outsized influence over British newspapers. Concerns were raised in the House of Lords regarding legislation introduced earlier this year, which permitted individual foreign state investors to hold up to a 15 percent stake in UK […]

The City of London has seen renewed optimism after welcoming its largest stock market debut in four years, marking a significant moment for the capital’s embattled trading hub. Small business lender Shawbrook made its return to the London Stock Exchange, securing a robust valuation of £1.9 billion and delivering much-needed momentum for UK markets. Shawbrook’s […]

Sterling suffered a sharp decline against both the euro and dollar on Wednesday as warnings of tax rises and a deteriorating growth outlook weighed heavily on the UK currency. Traders responded to news that Chancellor Rachel Reeves faces a deeper hole in the public finances than forecast, passing the pound down to its lowest level […]

Next, the FTSE 100 clothing and homeware giant, has rewarded shareholders with a special dividend while raising its profit forecast for the eighth time in just over a year, as sales have continued to outpace expectations in the third quarter. The retailer’s latest trading update reveals that full-price sales for the 13 weeks to 25 […]

The world of artificial intelligence continues to shape the outlook of global financial markets, with the looming earnings results of America’s largest technology firms drawing intense scrutiny this week. Apple, Amazon, Meta Platforms, Microsoft and Alphabet are set to reveal whether their monumental outlays on AI infrastructure are justified by tangible financial returns. Market analysts […]

The US Federal Reserve has reduced interest rates for the second consecutive month, moving borrowing costs down to a range of 3.75 to 4 per cent. Policymakers made this decision in response to growing concerns about a weaker labour market, even as a lack of key economic data clouds the outlook due to an ongoing […]

Prostate cancer screening for men over 50 could transform outcomes in Britain, according to one of the largest trials ever conducted in Europe. The latest data from the European Randomised Study of Screening for Prostate Cancer (ERSPC), involving 162000 men aged 50 to 69, demonstrates that regular prostate specific antigen PSA blood tests reduce deaths […]

Ed Miliband’s ambition to decarbonise Britain’s power grid by 2030 has been thrust into question this week, with the announcement of a £1.08 billion annual budget for new offshore wind farms. This figure, though headline-grabbing, appears to fall dramatically short of what is needed to achieve Labour’s flagship Clean Power 2030 target. Critics have moved […]

Paramount, the American media conglomerate that owns Channel 5 and storied Hollywood studios, is set to cut over 2,000 jobs in a sweeping round of redundancies following its recent acquisition by Skydance Media. The move comes just weeks after the Ellison family, led by David Ellison, who is son of Oracle founder Larry Ellison, completed […]

Union leaders are sounding the alarm over the security of the Bank of England’s vast gold reserves, as outsourced security staff plan a 24hour walkout next month following a pay dispute. The protest by around 40 Amulet employees, responsible for overseeing both the perimeter and control room of the iconic Threadneedle Street premises, will begin […]

European automotive manufacturing stands on the brink as a diplomatic clash between China and the Netherlands brings the industry to its knees. The European Automobile Manufacturers’ Association (Acea) has issued a stark warning: car brands across the continent may halt production within days due to a mounting shortage of microchips. These essential components, sourced from […]

The US Federal Reserve has announced an immediate halt to its bond selling programme, as the Bank of England faces mounting calls to reassess its own policy on quantitative tightening. On 29 October, the Federal Open Market Committee (FOMC) confirmed it will cease its balance sheet run off—known as quantitative tightening—starting 1 December. This development […]

Rachel Reeves, the Chancellor, is considering a bold and controversial move that could see Labour breach its 2024 manifesto commitments. Sources inside the Treasury indicate that a 2p rise in income tax is under serious consideration, even as party leadership shies away from repeating previous promises on taxes in parliament. This potential shift would be […]

Rachel Reeves, the Chancellor, finds herself confronting a far larger than anticipated shortfall in the UK’s public finances after the Office for Budget Responsibility (OBR) signalled a significant downgrade to Britain’s productivity outlook. The OBR’s revised forecast suggests that productivity growth will be 0.3 percentage points lower than previously assumed, the steepest cut in trend […]

In an unprecedented intervention by central government, Woking council is set to receive a £500 million taxpayer-funded bailout in the wake of a radical restructuring of local government across Surrey. This significant move comes as ministers have agreed to merge eleven district and borough councils, along with Surrey county council, into two newly created ‘mega […]

The United States has unveiled plans for an $80 billion (£66.7 billion) investment in a fleet of nuclear power stations, aiming to deliver electricity at a cost substantially below that of Britain’s Sizewell C project. The move comes as part of a new US-Japan trade agreement, with Japanese investors expected to underwrite the bulk of […]

PwC has reduced its global headcount for the first time since 2010, marking a significant change in direction for the Big Four professional services firm. The cut in staff numbers is a direct result of an ambitious investment programme aimed at accelerating artificial intelligence capabilities, combined with shifting economic conditions and declining business confidence. The […]

The Financial Conduct Authority is proposing sweeping changes to regulations for investors taking short positions against UK listed companies. Under the new rules, individual investors who hold net short positions exceeding 0.5 per cent of a company’s share capital will no longer have their names disclosed in a public register. Instead, the FCA will aggregate […]

Fenwick’s decision to shut its historic Bond Street store has played a significant role in narrowing annual losses for the renowned department store chain. While this strategic move succeeded in improving the company’s bottom line, it also contributed to a drop in turnover. Fenwick’s revenue fell to £177 million for the year ending January 2024, […]

In a landmark transaction for the UK care sector, three of Ireland’s wealthiest businessmen—JP McManus, John Magnier, and Dermot Desmond—have sold Barchester Healthcare, Britain’s largest operator of care homes, to US real estate investment trust Welltower for £5.2 billion. Welltower, a global leader in healthcare property investment, will keep Barchester’s existing management team following the […]

HSBC’s chief financial officer has raised a red flag regarding growing risks in the private credit market, expressing particular concern about hedge funds and smaller banks with significant exposure to potential losses. Pam Kaur highlighted the bank’s increased vigilance following a 14 per cent drop in third quarter profits to $7.3 billion. Despite this, HSBC […]

The influence of artificial intelligence on white-collar employment became sharply evident as two global giants, Amazon and PwC, confirmed sweeping job cuts this week. Amazon, the e-commerce and technology powerhouse, revealed plans to reduce its corporate workforce by 14000 roles, while PwC disclosed that it had parted ways with 5600 accountants and consultants over the […]

OpenAI has completed a sweeping corporate restructuring that values the firm at a staggering $500 billion dollars and brings Microsoft’s ownership of the ChatGPT maker to a substantial 27 per cent. The plan sees OpenAI, launched as a non-profit research laboratory in 2015, now adopting a more investor-centred structure designed to facilitate fresh capital-raising as […]

A major row has erupted in the European semiconductor sector following allegations that a Chinese-owned technology conglomerate, Wingtech, misappropriated trade secrets from Britain as part of an intended offshoring of microchip production. Dutch government officials contend that Wingtech orchestrated the transfer of production techniques developed at the Nexperia facility in Stockport, Greater Manchester, to a […]

On a landmark day for global markets, Apple and Microsoft have both surpassed the four trillion dollar valuation threshold, fuelling escalating debate about whether Wall Street is entering bubble territory. The surge comes as fresh AI enthusiasm propels technology stocks to new highs, with both Apple and Microsoft shares hitting record levels on Tuesday. This […]

Rachel Reeves, the Chancellor, has made a notable addition to her advisory team by hiring Emily Fry, a prominent economist with a history of criticising Brexit. Fry previously worked at the Resolution Foundation, a think tank recognised for its Left-leaning stance where she focused on trade and economic policy. Her arrival comes at a moment […]

Ed Miliband’s ambitious target of achieving 95 percent clean energy by 2030 has encountered a fresh obstacle as the Government revised down its forecasts for the output of wind farms. Ahead of the latest round of green energy subsidy auctions, officials have reduced the anticipated efficiency of wind turbines by over 25 percent, citing updated […]

The landscape of prostate cancer diagnosis is on the cusp of transformation as the NHS introduces rapid new trials deploying artificial intelligence. Men presenting with possible symptoms of prostate cancer will now be able to access a same day diagnostic pathway—an innovation that stands to significantly benefit both patients and healthcare budgets across the United […]

A peer in the House of Lords is attracting controversy after revealing he discussed the proposed generational smoking ban with a relative in a senior position at British American Tobacco BAT. Lord Strathcarron is seeking to amend the government’s tobacco and vapes bill in a move that would abandon the core provision to make the […]

Members of the International Association of Machinists and Aerospace Workers at Boeing facilities across the US Midwest have opted to continue their strike, now approaching its third month, after voting to reject the company’s most recent contract proposal. This industrial action, taking place at plants in Mascoutah Illinois and the Missouri cities of St Louis […]

Leading UK supermarket chains have issued a stark warning to Chancellor Rachel Reeves that plans to raise taxes on their sector could result in even higher food prices for households across the country. In a joint letter addressed to the chancellor, bosses from Tesco, Asda, Sainsbury’s, Morrisons, Aldi, Lidl, Marks & Spencer, Waitrose and Iceland […]

Rachel Reeves, the Chancellor, is set to lead a high-profile delegation of senior British business figures to Saudi Arabia, seeking to bolster economic ties with a region that remains under intense international scrutiny for its human rights record. Her visit marks the first by a UK chancellor to the Gulf in six years, underscoring the […]

The United States and China have agreed to final terms on the sale of TikTok’s American operations to a new group of largely US-based investors, marking a significant development in the ongoing tensions over digital sovereignty. US Treasury Secretary Scott Bessent announced the news during an interview on CBS’s Face the Nation, highlighting that negotiations […]

Greencore’s £1.2bn proposed acquisition of Bakkavor, two of the United Kingdom’s foremost suppliers of convenience foods to major supermarkets including Tesco, Marks & Spencer, Sainsbury’s, Waitrose and Asda, has drawn the scrutiny of the Competition and Markets Authority (CMA). The deal, announced in April, aims to create a powerhouse in the UK convenience food sector […]

About 2,000 Petrofac employees working in the North Sea are facing an uncertain future after the oil services company, once a FTSE 100 stalwart, filed for administration. Petrofac, which boasts a global workforce of more than 8,000, specialises in building, operating and maintaining energy infrastructure for the oil, gas and wider renewables sectors. The move […]

An investigation by MPs has revealed that billions of pounds have been wasted by the Home Office on housing migrants in hotels, as a result of flawed contract management and inadequate oversight. The cross-party home affairs committee found that the ten-year asylum accommodation contracts surged from an initial estimate of £4.5 billion to a staggering […]

Morrisons is set to accelerate its push into the convenience sector by converting hundreds of corner shops in southern England and the Midlands into its own branded outlets. The supermarket, headquartered in Bradford, plans to partner with independent shop owners by inviting them to rebrand as Morrisons Daily franchises. This ambitious drive aims to add […]

HSBC is facing a substantial blow of $1.1bn (£826m) following a loss in a protracted legal battle linked to Bernie Madoff’s infamous Ponzi scheme. The banking giant has announced it will account for this sum within its third quarter results, directly impacting its financial position. Shares in the group fell by as much as 2.4 […]

Labour’s proposed overhaul of the business rates system has drawn fierce criticism from Britain’s leading broadband firms, who warn that the reforms could threaten crucial infrastructure investment across the country. Under the new scheme, ministers set out to ease the financial burden on high street retailers by reducing their business rates, while increasing taxes on […]

Labour is facing mounting calls to permit individuals to access their state pension up to three years early as the future of the triple lock guarantee comes under the spotlight. Aegon, a major pension provider, has formally urged the government to introduce early state pension access, allowing those nearing retirement the option to take reduced […]

Sir Tim Martin chair of JD Wetherspoon has delivered a sharp critique of government plans to increase the national living wage under Chancellor Rachel Reeves upcoming November budget Describing the move as an unthinking retreat from market forces Martin highlighted the mounting pressures faced by the hospitality sector since 2019 With energy costs doubling and […]

The chief executive of the Financial Conduct Authority, Nikhil Rathi, is embarking on a mission to Detroit this week to secure backing for the regulator’s controversial £11 billion consumer compensation scheme linked to mis-sold motor finance. In the heart of America’s automotive industry, Rathi will engage with major car manufacturers expected to shoulder a significant […]

Outraged US investors have sought the intervention of the Federal Bureau of Investigation following the collapse of British jeweller Vashi, amid allegations of being misled in what is described as a potential Ponzi scheme. Vashi, which traded as Diamond Manufacturers Ltd, entered liquidation in 2023 with debts spiralling to £170 million and creditors numbering nearly […]

After securing planning permission, a unique offering is set to debut in central London with the development of Britain’s first luxury self storage facility underneath the five star Biltmore Mayfair hotel in Grosvenor Square. The much-anticipated project will provide a secure and high end space for the wealthy to store prized possessions such as fine […]

BAE Systems is confronted with a potential £187 million legal action following the alleged withdrawal of support for its Advanced Turbo Prop (ATP) aircraft, a move that has disrupted aid operations across Africa. EnComm Aviation, a Kenyan company and the last operator of the ATP model, has issued a formal letter before action, claiming the […]

Ranjit Singh Boparan, the founder and owner of 2 Sisters Food Group, has delivered a stark warning to government policymakers, claiming proposed changes to inheritance tax threaten the future of family-run businesses and risk undermining the UK’s food security. As head of one of Britain’s largest private employers, Boparan criticised ministers for favouring private equity […]

Savers across the UK may be poised for a significant shake-up in how their Isa allowances work as the Chancellor prepares to encourage investment in British shares. Sources close to the Treasury suggest the government is considering measures that would significantly restrict the amount individuals can deposit in cash Isas, along with a possible requirement […]

Councils across the United Kingdom are facing a £4 billion financial black hole, despite an emergency government funding boost last year, according to new findings by Unison, the country’s largest public sector union. The persistent shortfall is fuelling widespread fears about further cuts to vital local services, with urgent calls for Chancellor Rachel Reeves to […]

Ministers are under renewed pressure to force the sale of Nexperia’s microchip facility in Stockport, following robust warnings from senior political figures regarding the potential national security risks associated with Chinese ownership. The debate has intensified after the Dutch government executed emergency measures to seize control of Nexperia’s parent operation in the Netherlands, citing a […]

There is a subtle but significant shift taking place in the world of air travel. For much of the last two decades, airlines competed ruthlessly on price, stripping away frills to deliver the lowest possible fares. Passengers grew accustomed to paying for every extra—from seat selection to the most basic of refreshments. The nadir of […]

Britain is set to bolster its maritime defences through a £150 million acquisition of underwater drones, marking a significant upgrade for the Royal Navy as tensions with Russia remain heightened. The Ministry of Defence will initially secure up to 24 advanced underwater vehicles, with the contract value suggesting an estimated cost of up to £6 […]

The United States and China have reached a tentative agreement that eases the risk of a renewed trade war and provides relief for global investors bracing for fresh economic volatility. The breakthrough was announced ahead of a pivotal summit between President Donald Trump and President Xi Jinping, scheduled to take place later this week in […]

The Chancellor Rachel Reeves is facing mounting criticism over her approach to the UK’s tax system, with Lord King, former Governor of the Bank of England, warning that her plans lack coherence and strategic direction. Lord King, who steered the nation through the 2008 financial crisis, has suggested the Treasury should postpone any tax rises […]

Latest figures reveal a dramatic increase in the number of Britons opting for medical treatment abroad, spurred by mounting NHS waiting lists and ongoing concerns about accessibility within the UK health system. Over half a million UK patients travelled overseas for healthcare in the past year, a surge of 50 per cent in two years, […]

On the sixtieth floor of 22 Bishopsgate in London, Gordon Ramsay recently welcomed a galaxy of Michelin star talent and celebrities to launch his latest Apple TV series at his Lucky Cat restaurant. The event, held at Europe’s highest restaurant, embodied the glitz surrounding Ramsay’s ever-expanding hospitality portfolio. Recent brand tie-ups with Formula 1 and […]

The Malaysian owners of Battersea Power Station are weighing a potential sale of the iconic building, which market agents believe could achieve a price approaching £2 billion. Permodalan Nasional Berhad PNB and the Employees Provident Fund EPF Malaysia’s leading pension fund, have appointed advisers from BNP Paribas to field interest from prospective buyers. Approaches have […]

NatWest has reported a sharp rise in profits, buoyed by an increase in its net interest margin and strong loan growth, marking its best quarterly performance since before its government bailout. The high street lender’s turnaround continues to gather momentum, propelled by resilient income streams and disciplined cost management. Pre-tax profits soared to nearly £2.2 […]

Simon Roberts chief executive of Sainsburys has issued a stark warning to Chancellor Rachel Reeves over the potential impact of increased costs in the supermarket sector. Writing ahead of the highly anticipated autumn budget Roberts stressed that heavier tax or regulatory burdens could directly drive price rises for British shoppers. The head of the UKs […]

Inflation in the United States reached 3 per cent in September, marking the first occasion this year it has done so and coming in below economists’ expectations. Annual consumer prices increased from 2.9 per cent in August, yet remained just beneath the forecasted 3.1 per cent figure. While inflation is now moving at its fastest […]

Merlin Entertainments, the owner of Alton Towers and Legoland Windsor, has suffered a fresh blow to its financial standing as Moody’s downgraded its credit rating further into junk territory. The leisure giant is struggling beneath a debt pile exceeding £4 billion, a burden heightened by persistently challenging trading conditions across its array of global attractions. […]

The UK economy may be poised for a positive shift as fresh economic data indicate a resurgence in both growth and confidence. Experts suggest that the climate is improving after the S&P Global UK composite flash purchasing managers’ index (PMI) climbed to 51.1 in October from 50.1 in September, marking a move above the crucial […]

The Very Group, the British retail powerhouse behind Littlewoods.com, has reported a staggering pre tax loss of £505.4 million for the year ending June. This marks a dramatic reversal from the previous year’s profit of £16.3 million and comes as the company’s owners, the Barclay family, move closer to relinquishing control of the business amid […]

Labour has suffered a remarkable blow in its traditional Welsh stronghold, losing the Caerphilly by-election after more than a century of dominance. Keir Starmer, the Prime Minister, expressed his deep disappointment at the result, acknowledging the urgency for reflection and renewed effort within the party’s Welsh contingent. Starmer outlined the need for Labour to intensify […]

For Alfie, aged 24, the search for employment has at times felt fruitless. Job descriptions increasingly list a full driving licence as essential, even for positions with no clear expectation of travelling, a barrier Alfie cannot overcome while prescribed medication precludes him from driving. This is one among many obstacles he and an estimated half […]

When Pizza Hut launched its first UK restaurant over fifty years ago, it revolutionised the nation’s casual dining landscape. Before its arrival, the British high street was dominated by cafes, pubs and a handful of upmarket hotels. Pizza Express had paved the way eight years earlier, but both brands offered something refreshingly different—affordable, sit-down meals […]

Fresh warnings have emerged over the future of the North Sea oil and gas sector, as Labour’s approach to exploration licensing has sparked division and concern among politicians, industry bodies, and trade unions. The Commons Scottish Affairs Committee has demanded a more pragmatic policy, with concerns mounting that existing plans could accelerate catastrophic job losses […]

Pakistan International Airlines is preparing to resume direct flights to Britain for the first time in over five years, following the lifting of a ban imposed after a scandal surrounding fraudulent pilot licences. The initial Islamabad to Manchester service is set to take off on Saturday, signalling a potential expansion to up to six British […]

Rachel Reeves, Chancellor of the Exchequer, has been strongly cautioned against the possibility of raising income tax, a move that would not only break Labour’s recent manifesto pledge but could also stall the nascent signs of economic recovery. The Treasury is currently considering increasing income tax in the upcoming Budget, despite Labour’s promise in the […]

The National Health Service is poised for what health chiefs are describing as a radical reset, prioritising a digital-first approach to urgent and emergency care. As part of a three-year roadmap, patients will be increasingly encouraged to seek online guidance before attending Accident and Emergency departments, a shift aimed at addressing both record waiting times […]

Petrofac, one of the United Kingdom’s leading offshore oil and gas contractors, faces a critical juncture as it scrambles to secure its financial future. The Aberdeen-based company, employing 2,000 skilled UK workers and 8,000 worldwide, has entered crisis talks with its lenders after the loss of a key contract left it teetering on the edge […]

Chancellor Rachel Reeves is poised to halve the tax-free cash Isa allowance in next month’s Budget, marking a significant shift designed to motivate more UK savers to explore investment in shares. The Treasury is expected to lower the annual cash Isa limit from the current £20000 to around £10000 or just above, although the final […]

Petrofac is facing the gravest crisis in its two decade history after TenneT, the Dutch electricity grid operator, cancelled a €13 billion offshore wind contract. The termination of this major agreement has derailed the oil and energy services group’s advanced restructuring plan and left the company fighting for survival. The TenneT deal, awarded jointly to […]