The UK is set to ramp up its weapons manufacturing capabilities in a strategic move to reduce reliance on imports from the United States and France, amid growing concerns over the reliability of international defence partners. BAE Systems, Europe’s largest defence contractor, is spearheading the effort with plans to establish new domestic facilities for the […]
London Gatwick has once again been named the UK’s most delay-prone airport, according to official figures from the Civil Aviation Authority (CAA). Flights from the West Sussex airport departed an average of 23 minutes late in 2024 — the worst performance among Britain’s major airports for the second consecutive year. The delay figure marks a […]
Drones could soon be deployed for NHS deliveries, offshore wind turbine inspections and supply missions to oil rigs under sweeping changes to the UK’s drone regulations planned for 2026. The government is preparing to allow drones to fly beyond the operator’s visual line of sight (BVLOS), a major step that would unlock long-distance missions across […]
The founder of logistics firm Shift is attempting to block Polish delivery giant InPost’s £106 million acquisition of Yodel, escalating a bitter dispute over the struggling British courier’s ownership. Jacob Corlett, 31-year-old chief executive of Shift, is seeking a court injunction that could temporarily prevent InPost from making material changes to Yodel, though it would […]
British officials have begun classifying sensitive trade documents as “secret” and “top secret” in a bid to shield key information from American counterparts, as relations between London and Washington strain under President Trump’s tariff war, Business Matters has learned. The move marks a significant shift in internal government protocols, underscoring concerns over the potential misuse […]
The government must show greater ambition and urgency in addressing the employment prospects of older workers if it hopes to meet its goal of an 80% employment rate, according to the 50+ Employment Taskforce. Responding to the latest figures from the Office for National Statistics, which reveal a significant employment gap between younger and older […]
Polish delivery group InPost has acquired Yodel in a major shake-up of the UK logistics sector, converting £100 million of debt into equity to assume control of the embattled courier company. The takeover marks the latest chapter in Yodel’s turbulent journey, following its separation from the Barclay family’s business interests and a near-collapse last year. […]
Institutional investors are pulling back from US equities and the dollar in record numbers, as President Trump’s aggressive tariff policies send shockwaves through global markets and push growth expectations to a 30-year low. According to the latest Bank of America survey of top fund managers, investors are adopting their most bearish stance on the dollar […]
The price of gold soared to an all-time high on Wednesday, breaching the $3,300 mark for the first time as growing global trade tensions sent investors scrambling for safe-haven assets. The surge came alongside a weakening US dollar and renewed uncertainty over President Trump’s proposed tariffs on critical minerals. Gold climbed by $107.90, or 3.4 […]
Runna, the London-based coaching app that helps runners build personalised training plans, has been snapped up by US fitness giant Strava in a deal expected to deliver a multimillion-pound payday for its co-founders. Although the terms of the deal remain undisclosed, it is understood that early investors are poised for a windfall—reportedly receiving returns of […]