NatWest has reported a sharp rise in quarterly profits, delivering a boost to investors and taxpayers alike as the UK government prepares to fully exit its stake in the lender more than 15 years after its financial crisis bailout. The FTSE 100 bank, formerly Royal Bank of Scotland Group, said pre-tax profits rose 36% year-on-year […]
Fast-fashion giant Shein has quietly paused its plans for a high-profile flotation on the London Stock Exchange, following mounting geopolitical pressure from President Trump’s aggressive tariff regime and broader trade tensions with China. The Chinese-founded, Singapore-based retailer has ended contracts with UK corporate communications firms Brunswick and FGS Global, who had been advising on the […]
The UK’s leading manufacturing trade organisation, Made in Britain, has reported a 20% surge in membership applications in the wake of President Trump’s sweeping new tariffs on imported goods, as interest in “buying British” grows among businesses and consumers alike. In the month following the introduction of 10% tariffs on all imported goods from the […]
Tesla has initiated a search for a new CEO, marking a pivotal moment for the electric vehicle giant as it grapples with a sharp downturn in profits, declining sales, and growing backlash over Elon Musk’s controversial involvement in politics. The move follows weeks of investor unrest and a steep 71% drop in first-quarter profits, with […]
Business confidence in the UK has climbed to its highest level since before last autumn’s budget, buoyed by President Trump’s decision to delay the full implementation of his reciprocal tariff regime, according to the latest survey from the Institute of Directors (IoD). The organisation’s economic confidence index rose from -58 in March to -51 in […]
The US economy shrank in the first quarter of 2025, marking its first contraction since early 2022, as a surge in imports ahead of President Trump’s sweeping new tariffs dragged down output, official figures show. Gross domestic product (GDP) fell by 0.3% on an annualised basis between January and March, according to the US Bureau […]
Greene King chief executive Nick Mackenzie has warned that rising business rates and employment costs are putting huge pressure on the UK pub sector, calling on the government to “level the playing field” and deliver meaningful reform by 2026. Speaking after the October budget, which introduced significant tax changes for hospitality businesses, Mackenzie said Greene […]
Families earning £100,000 a year are left with less disposable income than those on minimum wage if they send two children to private school, according to new analysis by financial planning firm Saltus. The introduction of VAT on private school fees has pushed costs sharply higher, leaving even high-earning parents struggling to cover education costs […]
Amazon has walked back from reported plans to show the cost of President Trump’s tariffs on Chinese goods at the checkout, following a direct call from Trump to founder Jeff Bezos and a sharp rebuke from the White House. According to a report from Punchbowl News, Amazon had considered listing how much of a product’s […]
Duolingo is set to phase out its use of contract content creators and increase its reliance on artificial intelligence as part of a major strategic shift to become an “AI-first” company, according to a message from co-founder and CEO Luis von Ahn. In an internal email posted to LinkedIn on Tuesday, von Ahn told staff […]