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Entain’s UK growth offset pressure from higher online gambling taxes. UK and Ireland net gaming revenue rose 8%, but group underlying EBITDA fell 2% as increased tax costs weighed on earnings.
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Ofwat has provisionally approved £3.4bn for additional water investment projects. The proposals cover 13 companies and include infrastructure for water quality, housing, and data centres, with five operators permitted to raise bills if the decisions are confirmed.
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JLR profits fell sharply as supply disruption cut wholesale volumes. Revenue dropped 9.6% in the first quarter, while profit before tax and exceptional items fell 68.9% and free cash flow turned sharply negative.
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Frasers Group has bought Harvey Nichols after administrators took control. The deal covers six UK stores, online operations, inventory, franchise agreements, and more than 1,000 employees, with a significant restructuring programme now planned.
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Higher UK growth has reinforced Huw Pill’s case for rates. The Bank of England chief economist has linked stronger second-quarter GDP to his argument for tighter policy as the MPC remains divided over inflation risks.
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UK growth accelerated again as services and investment strengthened output. GDP increased 0.4% in the second quarter, with technology-related services, business investment, manufacturing, and infrastructure contributing to an uneven but continuing expansion.
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TUI has maintained guidance despite weaker third-quarter profit and bookings. Customers are making travel decisions later as geopolitical disruption and consumer caution reshape demand, while the group continues to expect €1.1bn–€1.4bn of annual underlying EBIT.
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New analysis puts zero-hours reform costs into much sharper focus. Employer costs could reach £2.9bn annually depending on how ministers implement guaranteed hours, shift notice, and cancellation-payment rights.
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Maeving has secured £3m financing to expand overseas motorcycle sales. HSBC UK funding backed by UKEF will support increased production for American and European demand, with 13 new Coventry jobs planned.
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Britain and Australia are deepening defence technology cooperation through radar. QinetiQ and CEA Technologies have signed an agreement covering advanced AESA systems as both countries expand industrial and supply-chain ties.
