Labour’s farm tax reforms could cost Treasury £2bn, report warns.

Pennon Group swung to a loss due to Brixham scandal.

Forecasts for FTSE 100 giant Auto Trader have been downgraded by two City brokers, after the firm’s disappointing financial results caused analysts to doubt predictions of strong growth. Peel Hunt slashed annual revenue expectations for the group by four per cent, decreasing its earnings per share forecast by three per cent and profit before tax…

British manufacturers have urged the government to ensure that small and medium-sized businesses are major beneficiaries of the UK’s rising defence spending by embedding legally binding offset agreements in future military procurement contracts. Read more: UK manufacturers urge MoD to channel defence spending to SMEs through binding offset deals

Small and medium-sized enterprises (SMEs) across the UK are showing remarkable resilience by prioritising employee welfare and environmental sustainability, despite mounting economic pressures, according to new research by Purbeck Insurance Services. Read more: UK SMEs show resilience by supporting staff and embracing sustainability

Europe’s biggest lender has continued its pivot into private credit funds with a $4bn investment into its asset management arm. HSBC has used its asset management business to spearhead a transition into the booming $1.6tn private credit market. The firm said it will invest the new cash into its alternative credit funds, with the goal…