OpenAI is preparing a confidential IPO filing with Goldman Sachs and Morgan Stanley, paving the way for one of the most consequential AI listings on record and raising the stakes for SpaceX, Anthropic and the wider technology sector.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
AI-powered nimbyism is jamming Britain’s planning system putting 1.5 million new homes at risk
AI tools such as Objector.ai and ChatGPT are helping residents flood councils with sophisticated planning objections, slowing UK approvals and putting the 1.5 million homes target at risk, warns TerraQuest chief Geoff Keal.
ASA rebukes John Lewis, Boots and Debenhams over inflated Black Friday discounts
The ASA has ruled Black Friday adverts from John Lewis, Boots and Debenhams misled shoppers by exaggerating savings, in its latest AI-led pricing crackdown.
Rooftop solar pioneers sought as CPRE opens nominations for Centenary Award
CPRE has opened nominations for its Best Rooftop Solar Solution award, recognising SMEs, community groups and innovators delivering clean energy. Entries close 30 June 2026.
Greene King pulls the plug on supermarket strategy with sale of Old Speckled Hen to Spain’s Damm
Greene King has sold Old Speckled Hen to Estrella Damm owner Damm UK as it retreats from supermarkets and refocuses on its pubs. Inside the deal and what it means for British brewing.
Standard Chartered to swap 7,800 back-office jobs for AI as UK labour market wobbles
Standard Chartered will axe almost 7,800 back-office roles by 2030, swapping ‘lower-value human capital’ for AI, as UK unemployment climbs to 5% and payrolls slide.
Kyle vows no climbdown on late payment crackdown as landmark bill enters parliament
Business Secretary Peter Kyle tells Business Matters he will not bow to corporate lobbying as the Small Business Protections (Late Payments) Bill enters parliament with a 60-day cap, 8% interest and multi-million pound fines.
UK jobless rate climbs to 5% as Iran war and Hormuz shock chill hiring
UK unemployment unexpectedly climbed to 5% as the Iran conflict and Strait of Hormuz closure chill hiring, with payrolls down 100,000 in April and vacancies at a five-year low.
Lloyds set to scrap Halifax brand after 173 years in major high-street shake-up
Lloyds Banking Group is reportedly preparing to retire the Halifax brand after 173 years, in one of the biggest shake-ups of the UK high street in a generation. Here is what it means for customers, SMEs and the wider banking market.
Natwest pledges £20bn for the North of England as banks bet on devolution to drive growth
NatWest commits £20bn over 10 years to the North of England, backing housing, transport, clean energy and devolution as Paul Thwaite makes the case for regional growth.
Britain’s property tax burden is now the heaviest of any major economy
UK property taxes have hit 3.7% of GDP, the heaviest burden in any major economy, with business rates revaluations putting SME investment at risk, warns Ryan.
Barclays crowns Fractile and Isomorphic Labs in inaugural AI 100 as Britain’s tech race intensifies
Barclays Eagle Labs names Oxford chip pioneer Fractile and DeepMind spinout Isomorphic Labs among Britain’s top AI start-ups, as UK AI funding tops £8.3bn.
Britain’s AI boom hits record £8.3bn as London cements European tech crown
UK AI investment hit a record £8.3bn in 2025, with London home to nearly three quarters of Britain’s AI fintech firms, Barclays Eagle Labs research reveals.
Bookmakers ready legal challenge as Gambling Commission prepares to wave through affordability checks
UK bookmakers are preparing High Court action over the Gambling Commission’s affordability checks, warning of “serious failings”, lost tax receipts and a fast-growing black market.
Treasury wobble: Reeves poised to ditch autumn budget fuel duty hike as fairfueluk pressure tells
Treasury sources signal Rachel Reeves will drop the Autumn Budget fuel duty hike after FairFuelUK lobbying, a 148,000-signature petition and SME pressure.
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