Business
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Ryanair chief criticises Reeves’ tax plans
Ryanair’s Michael O’Leary criticises UK tax policies harshly. O’Leary claims Labour’s tax strategies hinder economic growth, urging reversal of taxes on wealth and air travel. His comments come as Ryanair reports record profits, emphasising strong demand despite policy tensions.
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Small exporters struggle while big firms thrive
UK’s smallest exporters struggle as larger firms gain trade benefits. Only 16% of micro exporters reported growth in Q3, compared to 42% of larger firms. The British Chambers of Commerce calls for urgent government action to support smaller businesses in expanding overseas.
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Manufacturers urge government to boost growth
UK manufacturers urge government to prioritise growth in Budget. The sector faces significant pressures from high energy costs and tariff uncertainties, despite a slight recovery. Industry bodies call for no further national insurance hikes and support for green technology investments.
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10 strategic priorities for the next generation of scale-ups
Scaling a business is never a straight line. Jamie Roberts, Managing Partner at YFM, outlines ten strategic priorities shaping the next generation of UK scale-ups — from product-led growth and AI adoption to global-ready cultures and sustainability-driven advantage.
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Nvidia expands South Korea ties with major chip deals
Nvidia will supply more than 260,000 of its new Blackwell AI processors to South Korea. The company is also in talks with Samsung Electronics to secure next-generation HBM4 memory for its data-centre chips, marking a deepening alliance with the country’s tech sector.
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Apple and Amazon defy Wall Street gloom
Apple and Amazon exceed forecasts with strong revenue growth. Both tech giants reported double-digit revenue increases and optimistic outlooks, alleviating investor concerns following a turbulent period for the tech sector. Apple saw a surge in iPhone sales, while Amazon’s growth was driven by its cloud division.
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Airport Dimensions launches Sleepover to redefine in-terminal rest
Airport Dimensions has launched Sleepover, its formal airport sleep station brand. The concept converts unused terminal space into restful, revenue-generating pods for travellers and airports alike. Building on proven performance in Dubai and Doha, the brand now expands to new markets including Lima.
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Barclays and Santander lead customer exodus
Barclays and Santander lead in net account switch losses. Barclays and Santander saw significant net losses in current account switches, while Nationwide gained the most customers. Technical outages affected customer retention at major banks.
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Microsoft’s massive AI spending draws investor concerns as cloud business booms
Microsoft’s AI outlay has unsettled investors despite strong quarterly growth. The company’s results outperformed expectations, but soaring capital expenditure underscored the rising cost of cloud infrastructure and renewed questions about how soon artificial intelligence investments will deliver returns.
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Puma to cut 900 jobs as sales continue to decline
Puma said it will cut around 900 white-collar roles globally by end 2026. The German sportswear group reported double-digit sales declines and rising debt, prompting a wider restructuring under new chief executive Arthur Hoeld as it seeks to stabilise margins and reset its global distribution model.