Markets
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Where does UK–Canada trade stand now?
After a turbulent year for UK–Canada trade talks, diplomatic frost and global tariff uncertainty are raising new questions about what comes next.
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Ares in talks to acquire $2.2 billion stake in Eni’s renewables, power and EV charging business Plenitude
Italian energy group Eni has announced that it has entered exclusive negotiations with Ares Management Corporation’s alternative credit arm over the potential sale of a 20% stake in its low-carbon energy subsidiary, Plenitude. The proposed transaction would value Plenitude’s equity between €9.8 billion and €10.2 billion (£8.4–£8.8 billion), corresponding to an enterprise value exceeding €12…
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UK economy beats expectations in Q1 2025
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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M&S confirms customer data breach amid ongoing cyberattack disruption
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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Nuclear startup Realta raises $36 million to commercialize fusion energy tech
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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Salford Red Devils hit with winding-up order by HMRC
Rugby league team Salford City Reds was hit with formal legal action by HMRC over unpaid bills
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Burberry to cut 1,700 jobs in global savings drive amid luxury slowdown
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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UK Government courts fintech unicorns to anchor IPOs in London
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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CVC co-founder Rolly van Rappard considers Milan move amid UK tax reforms
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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CMA to investigate Aviva’s £3.7bn Direct Line deal
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…