SpaceX results for the second quarter show revenue up 92 per cent to $7.8bn, ahead of forecasts, with shares falling 6.9 per cent in after-hours trading.
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Sainsbury’s sells Argos for £120m, a decade after paying £1.4bn
Sainsbury’s sells Argos to Swift Partners for at least £120m, a fraction of the £1.4bn it paid in 2016, with completion expected in February 2027.
Digital and tech firms take £11.6bn of £14.4bn UK equity haul
UK equity investment reached £14.4bn in the first half of 2026, up 26 per cent on the second half of 2025, according to Barclays and Beauhurst data.
University College Birmingham buys former Cube hotel in £15m plan
University College Birmingham has bought the former Cube Hotel and Marco Pierre White restaurant, the first stage of a £15m programme creating 150 jobs.
Masaj raises £1.5m to open three more London studios
Massage chain Masaj has raised £1.5m led by Figr Ventures, with three further London studios planned over the next 18 months and revenues forecast near £3m.
Bezos names Amazon chip arm as company’s next pillar
Jeff Bezos says Amazon’s chips business is lining up to be the company’s next pillar as it prepares to spend $200bn in capital in 2026, mostly on AI.
Mocean Energy raises £5m to put AI data centres out to sea
Mocean Energy is raising £5m to build floating offshore data centres powered by wave and solar energy, with a first pilot targeted for 2028.
Apple briefly tops $5trn as tech stocks recover from sell-off
Apple briefly passed a $5 trillion valuation on Tuesday, joining Nvidia, as big technology stocks recovered from a sell-off driven by AI and China fears.
Shein swings to $99m loss after US scraps duty-free parcel rule
Shein reported a $99m quarterly loss ahead of its Hong Kong listing, blaming the removal of the US de minimis exemption on parcels worth under $800.
US regulator rejects Wise application for banking licence
Wise’s US banking licence application has been rejected by the OCC over issues with its original filing. The fintech says it will submit a new application.
Dragons’ Den star bags £900m as Vitabiotics falls to US buyer
Vitabiotics, Britain’s biggest vitamin maker, is sold to US firm Bain Capital for £900m, ending 50 years of family ownership. What it signals for SMEs.
Hardware is back: £14m backs a five-minute NHS lung test
A Cambridge firm’s five-minute lung test has raised £14m to roll out across the NHS, and its founder says hardware is now the smartest bet for UK startups.
Musk says AI will surpass human intelligence within five years
Elon Musk says AI may surpass human intelligence within five years. What the trillionaire’s forecast means for UK SMEs weighing whether to adopt now.
Scrap the tourist tax and we’ll make more in Britain, says Mulberry
Mulberry boss Andrea Baldo urges Burnham to scrap the tourist tax as losses narrow to £8.9m. Why VAT-free shopping now matters to UK makers and SMEs.
Heathrow to central London in 8 minutes as Virgin signs air taxi deal
An eight-minute hop from Heathrow to central London and a quarter of an hour from Manchester Airport to Leeds.
