Industry UK Industry Still Selling to Russia admin Aug 1, 2023 Trade data analysis shows that despite the invasion in Ukraine, British manufacturers continued to supply Russia's…
Economy Consumer borrowing reaches a five-year high, as inflation reduces earnings admin Aug 1, 2023 Last month, families took on more debt than they had since 2018. Rising costs have put increasing pressure on…
Economy Bank of England to increase rates to new 15-year high admin Aug 1, 2023 The Bank of England will not be stopped from raising interest rates this week to a new 15-year-high, but the signs…
Retail Birkenstock owner eyes $8bn valuation in September IPO admin Aug 1, 2023 According to sources familiar with the situation, the private equity owners of German sandal manufacturer…
Business Audit firms fight against expansion of fraud detection role admin Aug 1, 2023 The largest accounting firms in the world are fighting against new rules that force them to be more responsible for…
Automotive Aston Martin plans to raise £210mn for high-interest debt admin Aug 1, 2023 Aston Martin will raise £210mn through the placement of new shares to pay off a portion of high-interest debt that…
Energy New projects approved by industry call for UK to accelerate carbon sequestration admin Aug 1, 2023 After Rishi Sunak's pledge to maximize oil and gas production on Monday, the UK energy industry has called for…
Financial Beer drinkers balk at Heineken’s prices admin Aug 1, 2023 Heineken's annual profit forecast has been cut after beer drinkers balked over higher prices. The second largest…
Economy After receiving a red rating, HS2 has been officially declared… admin Jul 31, 2023 The government's infrastructure watchdog has deemed the HS2 project "unachievable", due to its severe delays and…
Retail Lush gave bonuses to managers worth £5m after receiving £5m of state assistance admin Jul 31, 2023 Last year, the cosmetics retailer Lush gave its managers bonuses worth £5m while receiving £5.1m from government…
Business Amazon and Microsoft claim UK anti-monopoly measures risk investment admin Jul 31, 2023 Amazon and Microsoft warned that the stranglehold they have on the £15bn market for cloud computing threatens…
Technology Tech tycoons are sucking the carbon dioxide out of the air and sea admin Jul 31, 2023 Sajid Javid was the then Business Secretary at the time and he had to sell Green Investment Bank. In his annual…
Media Spotify UK sales surge as it ramps-up presence admin Jul 31, 2023 Spotify, a global music streaming service that offers songs by Taylor Swift and Ed Sheeran, among thousands of…
Health UK pledges £600mn for social care services before winter admin Jul 31, 2023 The government has allocated £600mn to hire and retain additional social care workers in England. This is part of a…
Banking Starling Bank: Can it make technology its business? admin Jul 31, 2023 Anne Boden's shocking departure from Starling Bank as CEO in June left the once-named "Bank Possible" with one of…
Media Sky wins court order blocking illegal streaming of football and hit shows admin Jul 31, 2023 Sky has been awarded a High Court Order that will require internet service providers (ISPs) to prevent piracy…
Electric vehicles Bruno Le Maire: European auto industry can survive cheap Chinese EVs admin Jul 31, 2023 According to Finance Minister Bruno Le Maire, France's new auto subsidies "pave the way" for Europe to be able to…
Artificial intelligence Breit, Blackstone’s subsidiary, sells properties to fund AI data centres admin Jul 31, 2023 Blackstone's flagship $68bn property fund is now one of the largest sellers of real estate in the world. It has…