Business

This is the most expensive borrowing climate Britain has seen in more than 25 years. This financial difficulty is coming due to increasing trade tensions, particularly the escalating confrontation between the United States and China under Donald Trump’s presidency, which has resulted in an explosion of market anxiety across the globe. Long-term UK government bond […] More

Primark CEO Paul Marchant has resigned after being accused of misconduct during a social event. The parent company, Associated British Foods (ABF), officially announced that an independent probe by external lawyers was carried out, prompting Mr. Marchant to accept his momentary lapse of judgment. He admitted that what he did was not consistent with the […] More

US investment colossus KKR has been selected by Thames Water as its preferred partner as it seeks to raise much-needed cash and ward off the threat of nationalisation. With Britain’s biggest water supplier struggling under a looming debt of almost £20 billion, the move is another key step in its quest to stabilise its finances. […] More

WH Smith, the traditional high street retailer, has signed a deal to sell its 480 stores to Hobbycraft owner Modella Capital for £76 million. Under the deal, the famous WH Smith brand will be out of the town centres once the stores are rebranded TGJones during a temporary transition period. This change is a landmark […] More

President Trump has announced a 25% tariff on all foreign vehicles, putting UK manufacturers in a difficult position as they could be faced with new hurdles to their biggest export market. The move followed Mr. Trump signing an executive order on Wednesday, announcing that the new tax will be implemented on April 2, a date […] More

Chinese electric car maker BYD has made a huge splash by overtaking Tesla in annual revenue for 2024. The Shenzhen-based company posted a staggering 29% rise in revenue to 777 billion yuan ($107 billion; £83 billion). This was mainly driven by the strong sales of its hybrid cars, making BYD top Tesla, which posted $97.7 […] More

The UK government’s plan to re-engineer the rail industry has the potential to result in mass job losses, with it being reported thousands of jobs could go as part of the revamp. The shake-up, to boost the efficiency and operation of the rail network, is likely to see the removal of “duplication” in teams and […] More

Tesla’s European sales plummeted by nearly 45% in February, providing a good sign that Elon Musk’s provocative conduct is starting to have an effect on consumers. The fall comes as part of a sustained trend, which implies that the flamboyant CEO’s political connections and public gestures are repelling some potential customers from the company. In […] More

The affordability of housing in England and Wales has come back to pre-pandemic levels, mostly because wages are growing at a much greater rate than property prices, official data shows. In 2023, the median value of a house in England was £290,000, or 7.7 times the median salary of a full-time employee. This represents a […] More