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The UK economy expanded by 0.6% in the first quarter of 2025, exceeding forecasts and marking the strongest quarterly growth since early 2022.
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Marks & Spencer has confirmed a cyberattack that compromised customer data, underscoring the pressing need for robust cybersecurity measures in the retail sector.
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ITV has kicked off 2025 with impressive momentum, fueled by a boost in digital advertising and renewed strength from its production division, ITV Studios—keeping the broadcaster aligned with its strategic transformation. In its first-quarter trading update concluding on 31 March, ITV announced a 15 per cent year-on-year rise in digital advertising revenue, surpassing wider market…
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US-based fusion energy start-up Realta Fusion has secured $36 million in Series A funding to accelerate the commercial development of its modular magnetic mirror fusion technology. The funds will be used to advance experimental research, scale up development, and lay the groundwork for a prototype fusion reactor, which the company aims to have operational by…
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Burberry plans to cut nearly 18% of its global workforce, with 1,700 jobs at risk, as part of a £100m cost-saving drive following a £66m loss and falling sales in China. Read more: Burberry to cut 1,700 jobs in global savings drive amid luxury slowdown
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Treasury officials met with Monzo, Revolut, and other fintech leaders to encourage London listings and enhance consumer access to innovative financial services.
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Rolly van Rappard, co-founder of private equity firm CVC Capital Partners, is reportedly contemplating relocating from London to Milan in response to recent UK tax changes.
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The UK’s competition watchdog has begun an investigation into insurance giant Aviva’s proposed £3.7bn acquisition of Direct Line. The Competition and Markets Authority said it had commenced its phase one inquiry to establish whether the deal would result in a “realistic prospect of a substantial lessening of competition.” The CMA has invited comment on the…
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Business groups warn that the UK’s new immigration reforms could harm economic growth unless backed by urgent investment in domestic skills and training systems. Read more: Business leaders warn immigration reforms could undermine growth without urgent training reform
