Category: News

UK inflation cooled to 3.4% in May, with core and services inflation also easing. The Bank of England is expected to hold interest rates at 4.25% as underlying pressures persist.

Nissan has revealed its third-generation electric Leaf, to be built in Sunderland with UK-made batteries and a range of up to 375 miles, as part of its EV36Zero sustainability project.

Energy Secretary Ed Miliband says Labour will defeat critics of net zero by creating jobs in offshore wind, as the government unveils £1bn to boost the UK’s clean energy supply chain.

DNA firm 23andMe fined £2.31m by UK regulator for a 2023 data breach that exposed sensitive health and family information. Sale to TTAM Research to include stricter privacy commitments.

Transport Secretary Heidi Alexander to reveal billions were wasted on HS2 by the previous Conservative government due to poor management, bad contracts and scrapped designs, as project costs head towards £100bn.

Bank of America survey finds investors pulling out of US stocks and the dollar, rotating into eurozone and emerging markets amid fading recession fears and softening Trump trade rhetoric.

Ensus, the UK’s largest supplier of food-grade CO₂, warns its Teesside plant could close without urgent government support after the UK-US trade deal removed tariffs on cheaper US bioethanol imports.

MPs and peers warn that tax changes and affordability checks risk damaging British horse racing, calling on the government to rethink gambling policy to protect jobs and the £4bn industry.

Poundland is shutting 68 stores, ending online sales, and closing two distribution centres after its £1 sale to Gordon Brothers, putting over 2,000 jobs at risk.

Metro Bank shares hit a two-year high following news of a potential takeover by private equity firm Pollen Street Capital, raising uncertainty for customers and staff after recent job cuts.

Spanish bank Sabadell confirms interest from potential buyers for UK lender TSB as it fends off a £9.4bn hostile takeover from rival BBVA, signalling a possible sale of the British high street bank.

BT boss Allison Kirkby signals more job losses could follow AI rollout, adding to plans to cut up to 55,000 roles by 2030 as part of a £3bn cost-saving strategy.

Chancellor Rachel Reeves is accused of underfunding Scotland, Wales and Northern Ireland after applying the Barnett formula to cover rising employer NICs, leaving multimillion-pound public sector gaps.