Category: News

Tesco chief Ken Murphy urges ministers to ease tax and energy costs as the grocer posts an 8.5% profit rise and widens guidance amid the Iran conflict.

Richard Desmond’s £1.3bn damages claim against the Gambling Commission over the fourth National Lottery licence awarded to Allwyn has been dismissed by the High Court.

The UK government is inviting EdTech firms and AI labs to bid for £300,000 grants to co-design safe, curriculum-aligned AI tutoring tools for up to 450,000 disadvantaged pupils a year, with classroom trials starting this summer.

Ceramics and brickmakers left out in the cold as GMB rounds on Whitehall’s flagship industrial package

Europe has just six weeks of jet fuel left as Strait of Hormuz closure hits supplies, warns the IEA. Airlines face soaring costs and potential flight cancellations.

Whitehall drafts emergency plans as the ongoing Iran conflict threatens UK carbon dioxide supplies, with potential knock-on effects for meat producers, brewers and SME food businesses this summer.

Britain’s first nationally significant AI data centre at Wapseys Wood would be powered by a gas turbine, fuelling concern that the UK’s AI ambitions are clashing with climate goals.

UK GDP grew 0.5% in February, beating forecasts, but the Iran conflict threatens British SMEs with stagflation as energy costs soar and the IMF slashes growth forecasts.

Chancellor Rachel Reeves expands the British Industrial Competitiveness Scheme by 40%, cutting electricity bills by up to 25% for 10,000 UK manufacturers from April 2027.

Disney’s new CEO Josh D’Amaro is cutting around 1,000 jobs across its studio, television, ESPN and marketing divisions as the entertainment giant battles shrinking box office returns and streaming pressures.

Norwegian-backed Blastr has entered exclusive five-week talks with the UK’s official receiver to buy Speciality Steel UK, raising hopes of a rescue for Rotherham and Stocksbridge.

The IMF has slashed Britain’s growth forecast by 0.5 points — the sharpest G7 downgrade — as Rachel Reeves arrives in Washington with inflation nearing 4%.

The AA has been fined £4.2m and ordered to repay £760,000 to more than 80,000 learner drivers after the CMA ruled its driving schools breached consumer law by hiding a mandatory booking fee.

Britain’s biggest housebuilder Barratt Redrow is cutting land purchases by up to £200m as the Iran conflict fuels mortgage rate fears, yet Q3 sales rose 6% and the order book swelled to £3.54bn.

UK travel spending has dropped for the first time since 2021 as households brace for higher energy bills and the fallout from the Iran conflict, Barclays data shows.