Airlines cut 13,000 flights in May as jet fuel prices soar
Airlines have removed nearly two million seats from flights over the month, data from Cirium shows.
Next to raise prices by up to 8% outside Europe due to Iran war costs
No extra price rises are slated for the UK, which saw better than expected sales in the first quarter.
Diageo sales grow unexpectedly as Guinness boom helps offset US weakness
Shares in the company lifted higher on Wednesday morning as a result.
Wetherspoons warns on profits due to ‘substantial’ cost increases
It came as the firm, which has 794 managed pubs and 21 franchise sites, revealed slower sales growth over the latest quarter.
UK 'big four' banks rake in £13.8billion in profit in first three months of year
The TUC says the government could raise anything from £9billion to as much as £60billion by increasing a surcharge on banks’ windfall profits
Boss of B&Q owner Kingfisher quitting to head up Netherlands-based supermarket
Thierry Garnier joined Kingfisher as chief executive in September 2019.
Full list of all Franco Manca and The Real Greek restaurants closing down
Two more iconic restaurant chains will be closing branches in another blow to British high streets.
EU should become more independent from US according to majority in Ireland
A majority of people across the island of Ireland believe the European Union should become more independent from the United States, according to new research
‘RAMageddon’: is the era of cheap phones and laptops over?
Bargains are disappearing and the cost of gadgets such as MacBooks and PS5s is rising as AI competes for memory chips
Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports
Anthropic has committed to spend $200 billion with Google Cloud over five years as part of a recent agreement, The Information reported on Tuesday, citing a person with knowledge of the matter.
Freshworks to cut 11% jobs as AI reshapes software industry
Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company navigates the industrywide disruptions caused by the rapid advances in artificial intelligence.
UK's Next to mitigate Iran war costs with 'moderate' price rises
British clothing retailer Next plans to mitigate the cost increases caused by the Iran war with “moderate” price rises in some international markets and cost savings elsewhere, it said on Wednesday.
UK government must act on Iran war impact, retailers warn
Britain’s retail sector called on the government to help with soaring costs as a result of the Iran war on Wednesday, warning that without support it will be harder to keep a lid on rising prices for consumers.
Nissan to merge UK production lines and cut European workforce
The restructuring is set to result in some 900 job losses in Europe, amounting to about 10% of its workforce in the continent.
Ten years of Brexit: How have UK equities and the pound performed?
A decade after the 2016 referendum, the FTSE 100 has trailed Wall Street and continental Europe, the pound is weaker against the dollar and the euro, and roughly $160 billion has been pulled from UK equity funds. The story, however, is no longer one-way.
Calls for UK bank rule change after Barclays, HSBC, Lloyds, NatWest update
A union wants therate returned from 3% to 8% after big four UK lenders – Barclays, HSBC, Lloyds and NatWest – revealed an eye-watering £14bn total profit in first quarter.
UK to Introduce 12-Month Treasury Bills to Broaden Debt Market
The UK will begin selling 12-month Treasury bills at its weekly auctions, as part of the government’s efforts to tilt its borrowing toward shorter-maturity debt.
UK electric car sales leap ‘could be hit by Iran war inflation and energy price rises’
BEV sales jumped nearly 60% in April, taking total electric car registrations to more than 2m, says SMMT
Vodafone strikes £4.3billion deal to take control of UK's biggest mobile firm
A year after it was created, Vodafone has agreed a deal with Three to take full control of the joint venture they formed
Santander plans to retire TSB brand, FT reports
Spanish lender Santander plans to retire the TSB brand name a year after announcing its acquisition of Banco Sabadell’s British unit, the Financial Times reported on Wednesday, citing people familiar with the matter.
New threat to Labour spending plans as UK long-term borrowing costs hit highest level since 1998
Inflation fears fuelled by Iran war and renewed uncertainty over Starmer’s leadership prompt bond sell-off
Pret A Manger hits ‘major milestone’ as it opens its first UK drive-thru restaurant
It is a trial format for the brand as it expands its presence in transport and travel locations across the UK
Ticket touts to face criminal charges in Government crackdown ahead of Euro 2028
It’s part of a broader strategy aiming at positioning the UK as a preferred destination for major sports events
Vodafone to take full control of UK mobile operator in £4.3bn deal
Hong Kong conglomerate CK Hutchison agrees to sell 49% stake as it attempts to reshape its portfolio
Reinstate windfall tax on banks after surge in profits, TUC urges
Unions group wants rate returned from 3% to 8% after big four UK lenders reveal £14bn total profit in first quarter
Pret A Manger makes 'first ever' change for thousands of UK customers
Pret A Manger has revealed the location of its first-ever drive thru, spanning more than 2,000 square feet.
Franco Manca confirms 16 UK restaurant closures including one in Manchester
See the full list of 16 restaurant closures
Santander sends warning to UK customers over £3 rule they've forgotten
The high street bank, which has branches in Birmingham, has sent emails to credit card holders.
High street Post Offices to shut forever as 100 TG Jones stores closed
Post Officers across the UK are set to close as former WHSmith stores are shutting down in a company wide restructure of the TG Jones brand just a year after acquisition
UK steel firm set to collapse into liquidation - in business for 11 years
The situation reflects pressures faced by UK engineering and fabrication firms, including costs, margins, and market conditions.
One year on: The hidden impact of Trump’s trade deal with the UK
The consequences of the trade pact are still rippling through Britain’s arable heartlands.
Britain's Intertek weighs EQT's sweetened $12 billion buyout bid
Britain’s Intertek said on Tuesday it was reviewing a revised takeover bid from Swedish private equity group EQT AB , valuing it at 8.93 billion pounds ($12 billion), weeks after the product testing firm rebuffed previous offers.
RAC issues 'ominous' UK petrol and diesel price warning for May 2026
The RAC has issued an ‘ominous’ outlook for UK petrol and diesel prices in May after wholesale fuel costs jumped
CK Hutchison to exit VodafoneThree venture in £4.3bn deal
Vodafone is set to acquire full ownership of its VodafoneThree business in the UK by buying out partner CK Hutchison in a £4.3 billion deal.
Shock number of pubs closing every day as tax and costs pile pressure on sector
The industry is facing a deepening crisis
‘Critically low levels’: UK braces for jet fuel shortage as rationing looms
The UK is particularly vulnerable to the jet fuel shortages caused by the war, as supplies fall to “critically low levels”
Iconic brand returns to UK high streets with 104 new stores
The beloved brand has returned to the UK, with 104 new stores opening over the last year
Famous UK pizza chain closing 16 restaurants for good - full list of locations
Around 225 jobs will be lost as part of the closures.
Fractile vs Nvidia: can a UK startup undercut AI's chip darling?
A little-known British startup is beginning to test one of the biggest assumptions underpinning the AI boom: that Nvidia will remain the unavoidable centre of the ecosystem.Founded in 2022 by Oxford researcher Walter Goodwin, Fractile is attempting to redesign how AI chips work altogether, with a focus on speed and – crucially – cost.The first […]
Nissan to cut 900 job cuts in Europe as part of global restructuring
Nissan Motor will cut about 900 jobs in Europe, around 10% of the total, and consolidate production from two lines to one at its Sunderland plant in the UK as part of a global restructuring drive, the Japanese automaker said on Tuesday.
UK borrowing costs at 28-year high amid fears of Labour lurch to left
UK borrowing costs spiked to a 28-year high yesterday as fears of a Labour Left-wing coup spooked bond markets.
Lidl's loyalty card becomes less generous, shoppers say
Under the changed system customers collect points rather than reward coupons, with £1 spent equalling one point.
Government needs to act on Middle East impact on retail, industry warns
The BRC warned that higher costs from the Middle East conflict would inevitably filter through to the till over the coming months.
Castore secures £90m deal as it bids for global growth
Sportswear firm backed by Andy Murray and Jim Ratcliffe agrees facility with HSBC UK, BNP Paribas and Lloyds
Car sales rebound as Chinese newcomer overtakes 'Temu Range Rover'
Some 149,247 new cars entered the road last month, which is a 24% year-on-year increase.
Automotive industry records ‘rebound’ from tax rises
Almost 150,000 new cars were registered in April, new figures have revealed.
Iconic bookshop chain plots 100 store closures - 8 UK areas at risk named
High street’s on its knees
Major new Tuesday 3p UK pay-per-mile warning as Reeves told of 'cost'
Reeves is playing with fire here
High street banks to shut 52 branches in May as Santander, NatWest, Lloyds and Halifax see closures
Communities across Britain face loss of local banking services amid continued shift to digital
Sushi chain to open five new UK sites including in Bristol and Ipswich
The fast-growing brand is looking to establish 100 branches by 2030
