Super-heroine Rachel Reeves is in battle with a mythical beast that keeps multiplying, and the OBR won’t help her, writes Paul Ormerod When Rachel Reeves became Chancellor in July 2024, …
Investing
The Conservative party is at a crossroads
On net zero and housing policy, there are signs that the Conservatives are responding to the challenges this country faces, says Simon Clarke A Party at a crossroads. That’s been …
Are your workers quietly speeding ahead? Beware the rise of shadow AI
Employees using AI tools without their employer’s consent is an increasing problem with real-life consequences, writes Zoom UK boss Louise Newbury-Smith in today’s Notebook How businesses can avoid the ‘Shadow …
Greencore: Strawberry sandwich maker’s shares rise amid M&S cyber fallout
Shares in Greencore, one of the UK’s major convenience food manufacturers, have risen six per cent following Wednesday’s trading update which highlighted another strong quarter and a robust full-year performance. …
China spy case collapse due to Labour government, prosecutors say
Public prosecutors have said a Chinese spy case involving Christopher Cash and Christopher Berry was dropped due the lack of evidence provided by the Labour government on labelling the country …
Rare reprieve for Reeves as ONS data error cuts borrowing by £3bn
Chancellor Rachel Reeves has been handed a rare reprieve ahead of the Budget after a data error by the UK’s statistics authority reduced expected public borrowing by £3bn. A mistake …
Five Guys: Losses widen amid European expansion
Losses widened at the European arm of Five Guys despite its revenue rising during its latest financial year, it has been revealed. The London-headquartered division has posted a pre-tax loss …
Snapchat UK loses over £500m despite revenue spike
The UK arm of Snapchat lost more than $757m during its latest financial year despite its revenue spiking to over $2bn, it has been revealed. For 2024, Snap Group has …
The Dorchester owner returns to the black
The owner of five-star London hotel The Dorchester has returned to the black despite its revenue falling in 2024. New accounts filed with Companies House show the Dorchester Group posted …
Motor finance: Lloyds, Barclays shares jump as FCA softens blow
Shares in motor finance lenders rallied on Wednesday morning after the Financial Conduct Authority dropped a major update on its industry-wide redress scheme. Lloyds Banking Group – which owns the …