Category: News

UK exports to the US dropped by £2bn in April — the steepest monthly fall since 1997 — following President Trump’s new tariffs. Trade front-loading in Q1 gave way to sharp decline.

High Street favourite Poundland sold for £1 to Gordon Brothers in a bid to stabilise the business, with up to 200 stores at risk of closure and 16,000 jobs hanging in the balance.

Gold has overtaken the euro as the world’s second-largest reserve asset after the US dollar, driven by geopolitical risks and central banks seeking safe-haven diversification, says the ECB.

UK GDP shrank by 0.3% in April, worse than expected, with services and manufacturing sectors in decline. Economists warn of a slowing economy after early-year export surge.

Blick Rothenberg warns tax rises are inevitable to fund spending increases in the latest UK Spending Review, including defence, training and energy projects.

A high-stakes legal battle begins at the High Court today as the UK government seeks to recover £122 million from PPE Medpro, a company awarded Covid-era contracts following a recommendation from Conservative peer Michelle Mone.

The UK government has pledged £14.2bn for Sizewell C nuclear plant, promising future energy savings and jobs. But critics warn of soaring costs, delays, and an unclear path to completion.

EG Group sees profits drop from $1.4bn to just $10m after selling UK forecourts to Asda, as operational focus shifts and revenue dips across global markets.

The world economy is on course for its weakest decade of growth since the 1960s, according to a stark warning from the World Bank, which downgraded global forecasts and pointed to mounting turmoil in US trade policy as a key drag on recovery.

Davina Schonle, founder of Humanvantage AI, says she was left “humiliated” after being refused entry to London Tech Week for bringing her baby — prompting criticism of outdated attitudes in the tech industry.

Sir Stelios Haji-Ioannou has awarded £300,000 to three disabled entrepreneurs in the 2024 Stelios Awards, recognising inspirational leaders in care, baking, and logistics.

Marks & Spencer has resumed online orders for fashion items nearly two months after a major cyberattack, though full services will return in phases over the coming weeks.

UK payroll employment fell by over 100,000 in May, the largest monthly drop since 2020, as wage growth slows and unemployment rises, fuelling speculation of more interest rate cuts.