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.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Court of Appeal blocks challenge to £2.2bn Gatwick expansion
Court of Appeal refuses campaigners permission to challenge the Gatwick expansion ruling, clearing the £2.2bn Northern Runway project to proceed to design and delivery.
EY: UK faces recession in 2027 if Strait of Hormuz stays shut
UK recession risk returns to the forecasts as EY models what a closed Strait of Hormuz would do to inflation, growth and interest rates into 2027.
Energy minister accused of misleading MPs over grid safety limits
Energy minister Michael Shanks faces claims he misled MPs over the June 23 grid incident, after leaked Neso documents recorded five constraint breaches.
Twenty-five US states sue Trump over forced labour tariffs
Twenty-five US states have sued over Trump’s forced labour tariffs of 10 to 12.5 per cent, which cover 99.4 per cent of US imports and hit UK exporters.
Fuel theft hits £194,000 a day since Iran war began
Fuel theft from UK petrol stations has climbed to an estimated £194,000 a day since the Iran war began on 28 February, Forecourt Eye analysis suggests.
Apple lodges fresh legal challenge over UK data access order
Apple UK encryption challenge returns to the surveillance court as the company files a fresh complaint over a Home Office demand for access to encrypted data.
Apple faces $32.5bn Illinois lawsuit over iPhone face scans
Apple biometric lawsuit covering up to 6.5 million Illinois consumers can proceed after a US appeals court rejected the company’s challenge to the class.
Unions open talks on redundancy criteria at Santander and TSB
Santander TSB job cuts: unions at both banks are negotiating how staff in duplicate roles will be assessed, with the group targeting £400m of cost savings.
Gatwick warns airlines of two-day jet fuel shortage
Gatwick has told airlines to monitor fuel availability after a technical fault at one of its fuel farms, with long-haul flights expected to be hit first.
NatWest faces $1.1bn claim over 1991 Argentine shipyard sale
NatWest has disclosed a $1.1bn claim from Buenos Aires shipyard Tandanor over its 1991 privatisation, which has returned to Argentina’s federal court.
Help to Buy returns £1.74bn as ministers review scheme revival
Help to Buy has returned £1.74bn to the exchequer, Homes England’s annual report shows, as housing minister Matthew Pennycook reviews reviving the scheme.
Fly-tipping gangs forced sale of family farmland, says Earl Spencer
Fly-tipping by organised criminal networks forced the sale of the Spencer family’s 310-acre Northamptonshire farmland, Earl Spencer writes in the Daily Mail.
BP puts North Sea business up for sale after 60 years
BP North Sea sale: BP is seeking a buyer for its North Sea oil and gas business, with five production hubs and 1,100 staff, after a portfolio review.
York and North Yorkshire secures established status in rural first
York and North Yorkshire Combined Authority has been granted Established Mayoral Strategic Authority status, the first rural mayoral area to hold it.
