Finance
616
Loaf on the Line — Kingsmill’s Hovis takeover bid sparks job fears
Jobs expected to go if competition watchdog approves takeover by Associated British Foods
919
Autumn of taxes: Britons face hikes over £50 billion budget gap
Brits are preparing for tax increases in the autumn after economic growth slowed in the spring, experts warned.
851
Centrica to buy Europe’s biggest LNG import terminal in £1.5bn deal with US partner
Deal for Europe’s biggest facility for LNG imports comes as overall UK gas demand fell sharply last year
827
Arla survey: 13% of farmers ready to quit dairy production due to staff shortage
The Arla cooperative says five in six farmers receive very few or zero applications for job vacancies
894
Lammy faces possible legal challenge over plan to place Shell and BAE Systems staff in Foreign Office
Campaigners argue that having personnel from Shell and BAE Systems positioned within ministries creates a possibility for undue influence.
845
UK unemployment steady at 4.7% but vacancies drop for 37th consecutive month amid slowdown
Employers have reduced annual pay raises and scaled back hiring in recent months as the economic slowdown has impacted the job market.
967
Government prepares Thames Water bankruptcy plan in case of company collapse
Ministers have prepared insolvency plans for the utility giant Thames Water in the event of a potential collapse, with ministers warning that the company remains in "crisis mode".
778
Bank of England cuts interest rate to 4% in response to sluggish growth
The Bank of England has cut the interest rate to its lowest level in over two years.
885
US raises tariffs to highest level in a century as trade partners panic
Trump’s new tariff system comes into effect, introducing the highest duties in a century
828
Starmer defends economic plan as Reeves faces £51bn budget shortfall
Sir Keir Starmer has defended the Government’s stewardship of the economy amid warnings that taxes will need to rise in the autumn to plug a £51 billion black hole in the public finances.
959
Price war: Lidl steals Aldi’s title as UK’s cheapest supermarket
Aldi is no longer the cheapest supermarket in the UK - for the first time in nearly two years.
650
Morrisons closes 17 stores and cuts 3,600 jobs after a loss‑making year
Morrisons revealed that they cut 3,600 jobs after closing 17 stores last year following a challenging year.
722
Italy fines Shein €1 million for false claims about “eco‑friendly” clothing
Chinese fast fashion retailer penalised month after €40m fine from French regulator in July
795
Trump tariffs deter UK SMEs from exporting to US, survey finds
Research suggests that trade tariffs imposed by US President Donald Trump have impacted the willingness of smaller companies to export.
965
ICG strikes £200m agreement to buy three major UK regional airports from Rigby Group
The infrastructure arm of ICG, which is listed in London, will announce the acquisition of three regional UK airports from Rigby Group later this month.
1179
Yorkshire Water CEO received £1.3m in hidden pay via offshore parent company
The company states that additional payments related to work for Kelda Holdings were covered by shareholders, not bill payers.
894
Heathrow to unveil £49bn airport overhaul despite criticism from environmentalists and local residents
Heathrow Airport has unveiled details of its project to expand and modernize the airport at a cost of £49 billion.
628
Mass exodus from NASA: the agency will lose a fifth of its team
Approximately 20% of the employees at the U.S. National Aeronautics and Space Administration are expected to leave the space agency, a NASA spokesperson stated on Friday.
799
New Zealand authorities will destroy the network of crypto ATMs: a blow to shadow transactions
New Zealand’s Ministry of Justice is poised to prohibit crypto ATMs as part of an extensive overhaul of the country’s anti-money laundering and counter-terrorism financing (AML/CFT) framework.
1121
Mass layoffs: Samaritans wants to close half of its offices in UK and Ireland
The Samaritans intend to shut down over 100 branches throughout the UK and Ireland.
944
River Island nears collapse as hundreds of jobs hang in the balance
Prominent high street fashion retailer River Island is nearing collapse, with hundreds of people expected to lose their jobs "within weeks".
706
£38 billion for nuclear independence: Britain launches the Sizewell C megaproject
The government has announced the construction of the Sizewell C nuclear power plant in Suffolk will cost around £38 billion, as it struck a deal with a group of investors.
907
Jaguar Land Rover to cut 500 UK jobs in blow to Keir Starmer’s pledge to protect workers
Luxury car manufacturer Jaguar Land Rover is eliminating up to 500 management positions in the UK, an action described as a ’personal embarrassment’ for Prime Minister Keir Starmer.
971
Clintons has closed 38 stores, cutting over 300 jobs in a year of downsizing
Clintons shuttered 38 stores, resulting in the loss of over 300 jobs in the past financial year.
750
Thames Water spent £2.5 million from emergency loan on executive bonuses — and refuses to pay it back
Funds were disbursed from a loan intended to stabilize the company’s finances weeks before it halted the retention payments plan.
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