Retailers unite to warn Treasury on ‘perfect storm’ of costs
A heavyweight group of retailers has warned the Treasury that hundreds of thousands of jobs are at risk in the retail sector due to unsustainable cost hikes this year. It’s the latest in a long stri
France races ahead of UK in AI push
French President Emmanuel Macron announced a €109bn (£90bn) investment in artificial intelligence (AI) on Monday, dwarfing the UK’s commitment to leading the global tech race. The funding, which
BP shares top the FTSE 100 as Elliott stake ignites breakup chatter
BP shares jumped to the top of the FTSE 100 this morning as a rumour emerged that an activist hedge fund had taken a position in the stock. Shares in the blue-chip oil giant jumped eight per cent in e
Lloyds partners with ‘Duolingo of money’ to target Gen Z
Lloyds Bank has partnered with fintech platform Doshi to improve young people’s financial literacy through “gamified learning”. The Big Four bank is launching a six month pilot, targeting 18 to
City of London seizes dockless e-bikes in Lime and Forest crackdown
The City of London Corporation has seized more than a hundred dockless e-bikes as part of a crackdown against operators’ Lime and Forest. The Square Mile’s local authority said it had confiscated
Filtronic: Defence firm pens huge deal with Elon Musk’s SpaceX
British defence and telecoms firm Filtronic has penned a further multi-million-pound deal with SpaceX, the aerospace behemoth owned by Elon Musk. The company won a contract with SpaceX, worth almost �
Rachel Reeves to meet bank bosses as growth agenda stalls
Chancellor Rachel Reeves is set to meet top bank bosses this week, in the latest attempt to kickstart her growth agenda. The embattled Labour chancellor is reportedly calling in top executives at Barc
Thousands of illegal workers arrested in government border security crackdown
Thousands of migrants working illegally in nail bars, car washes and restaurants have been arrested as part of the government’s efforts to tighten UK border security. Some 3,930 arrests have been ma
Law firm HFW hires Deloitte executive as new global COO
Sector-focused City law firm HFW has hired its new chief operating officer from Big Four giant Deloitte