UK gilt auction fails to roll back yield spike
A closely watched sale of UK government debt failed to roll back the alarming rise in yields after the £4bn auction did not drum up significant interest for gilts. The Debt Management Office (DMO) r
Microsoft and FTSE firm Pearson tie up AI deal after UK action plan
Microsoft and London-listed education giant Pearson have announced a multiyear partnership to address the global skills gap in artificial intelligence, as the UK prioritises AI. This collaboration wil
Government too involved in HS2, warns top infrastructure adviser
Too much government involvement in HS2 has hampered delivery and fuelled massive cost overruns and delays, according to a key infrastructure adviser. Sir John Armitt, chair of the National Infrastruct
Former Lord Mayor named president of London business group
The former Lord Mayor of the City of London Michael Mainelli has been appointed as president of the London Chamber of Commerce and Industry (LCCI). Mainelli, who served as Lord Mayor from 2023 to 2024
Asos to close US distribution centre with customers served from Barnsley instead
Online fashion retailer Asos will close its distribution centre in Georgia, USA, in another effort to boost profitability and streamline operations. From late this year, US customers will be served fr
Experian: Global data and tech operations drive growth
Experian reported an eight per cent increase in total revenue for the third quarter of fiscal year 2025, as the firm stressed the strength of its global data and technology arms. According to a tradin
Pub giants allay fears of hospitality crisis despite higher wage bills
Pub giants Mitchells & Butlers and Fuller, Smith & Turner have both expressed confidence as the firms adapt to higher wage bills, in a positive sign for an industry which warned of crisis last year. M
Vistry: Housebuilder avoids fourth profit downgrade but warns of market uncertainty
Vistry has warned of uncertain market conditions as it reaffirmed previously downgraded profit guidance for the year ahead. The UK’s largest housebuilder by output said the outcome of the government
Galliford Try: Shares rise as construction firm continues hot streak
Galliford Try has continued to its strong streak of performance over recent years, reporting profit and cash ahead of analyst expectations. The construction firm had £210m in cash by the end of 2024,
