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Deloitte, one of the prominent Big Four accounting firms, will provide a partial refund to the Australian federal government after a report revealed inaccuracies linked to AI usage. Ordered by the Department of Employment and Workplace Relations (DEWR) in December 2024, the report sought to assess a specific compliance framework alongside its IT system. The…
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UK steel sector faces unprecedented crisis amid EU tariff hike. The European Union’s decision to double tariffs on steel imports threatens the UK steel industry, which exported 78% of its steel to the EU last year. Industry leaders warn of severe impacts on domestic production.
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Independent workplace investigations are now central to leadership accountability. Daniel Stander, an international employment lawyer in the London office of Vedder Price LLP, explains why UK employers must prepare for NDA reforms and ensure credible, well-scoped probes to safeguard reputation, culture, and compliance when allegations arise.
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Google UK cut 400 jobs despite nearly £3bn in revenue. The company reduced headcount to 7,029 in 2024 while pre-tax profits rose above £400m. The cuts coincide with a £5bn UK investment plan, a new Waltham Cross data centre, and a £25bn lawsuit over online advertising practices.
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Tesco warns of challenges absorbing additional costs amid tax concerns. Tesco’s Ken Murphy expressed concerns over rising costs, including increased national insurance and packaging levies. Despite these challenges, Tesco has raised its profit forecast following a strong summer sales performance.
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Inflation concerns rise as UK businesses plan price hikes. A Bank of England survey reveals businesses intend to increase prices significantly, with inflation expectations remaining high. Hiring intentions are the weakest since 2020, indicating economic caution.
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Lucid announced major AI upgrades to accelerate enterprise adoption. The company unveiled Lucid AI, a suite of intelligent collaboration tools, alongside expanded platform accelerators and new integrations aimed at closing the gap between AI’s promise and business execution.
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SME confidence rises slightly but pressures remain acute. The Vistage CEO Confidence Index for Q2 2025 shows optimism among UK and Irish SMEs edging higher, yet Rebecca Drew, Managing Director of Vistage UK, warns leaders still face tariffs, cost pressures and talent shortages requiring significant strategic adjustments.
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Daniel Ek is stepping down as Spotify CEO. From January 2026, co-presidents Gustav Söderström and Alex Norström will serve as co-chief executives, while Ek becomes executive chairman focused on strategy and long-term priorities. Spotify shares fell after the announcement as investors assessed the leadership shift.
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London’s global financial hub status declines in IPO ranking. London raised just £184m in IPOs this year, trailing behind other European markets. A shift towards US listings by UK firms exacerbates the issue.
