Category: News

Amazon is cutting a further 16,000 jobs globally in a second round of layoffs, with UK roles at risk, as the retail giant moves to streamline management and reduce bureaucracy.

LVMH’s full-year 2025 results show falling revenues across key regions and categories, signalling that structural challenges in the global luxury market may persist into 2026, according to GlobalData.

Revel Collective has been rescued out of administration, but the closure of 21 Revolution and Revolución bars has led to almost 600 job losses across the UK hospitality sector.

Sterling has climbed to $1.38 against the US dollar — its strongest level since 2021 — as dollar weakness, rate expectations and geopolitical uncertainty fuel calls that now is a good time to buy.

The Ministry of Defence has launched a new office to help small defence companies win contracts, aiming to boost SME procurement by £2.5bn a year and cut long delays in military purchasing.

MPs have urged the Government to act urgently to address skills shortages in transport manufacturing, warning that outdated training pathways risk holding back growth in net zero and advanced technologies.

A House of Lords committee has warned that proposed inheritance tax changes on pensions will place an unmanageable burden on personal representatives, risking delays, cashflow problems and rising costs.

Nearly 50 Labour MPs have urged Rachel Reeves to pause a looming business rates rise for music venues, warning that bills could jump by up to 275% and threaten venues’ survival.

India and the European Union have agreed a landmark free trade deal, cutting tariffs and boosting market access across goods, services and mobility amid rising global trade tensions.

Revel Collective, owner of Revolution Bars and Revolucion de Cuba, is preparing to enter administration, putting up to 2,200 jobs at risk as hospitality pressures intensify.

Heritage fashion brand Barbour has paid a £30m dividend to its founding family after a resurgence in waxed jackets helped lift annual profits by £10m.

The number of graduates claiming benefits has surged since the pandemic, with one in three citing poor health as the main barrier to work, prompting renewed calls to prioritise vocational training over low-value degrees.

Jaguar is reportedly exploring a petrol-electric range-extender hybrid despite its EV-only pledge, as the carmaker seeks to ease range anxiety amid slowing electric vehicle demand.