Markets
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Barriers faced by disabled entrepreneurs cost UK economy £230bn, report warns
A new government-backed Lilac review reveals that systemic barriers faced by disabled business owners could be costing the UK economy up to £230 billion annually. Read more: Barriers faced by disabled entrepreneurs cost UK economy £230bn, report warns
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Heathrow Airport reports record-breaking April
Heathrow Airport reported an increase in transatlantic passenger traffic in April despite President Donald Trump’s policy changes sparking a sharp downturn in US tourism. Some 1.8m passengers travelled between North America and the UK’s busiest hub over the month, up 5.5 per cent year-on-year. Heathrow also said year-to-date traffic to and from New York’s JFK…
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ESG week in review – May 11
In a busy week for environmental, social and governance (ESG) developments, major corporations, governments, and financial institutions unveiled a string of initiatives aimed at strengthening their commitments to sustainability and climate action. State Street Global Advisors, one of the world’s largest asset managers, introduced a new sustainability-focused stewardship service. This initiative offers institutional investors enhanced…
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Santander rejected £11bn NATWEST bid for UK business
Santander rebuffed an £11bn bid for its UK retail banking division from Natwest earlier this year because it was was too low. The two lenders are no longer in negotiations, according to people familliar with the matter cited by the Financial Times, despite consistent speculation about the fate of the Spanish financial juggernaut’s UK business.…
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Bank of England governor urges UK to rebuild EU trade ties ahead of key summit
Bank of England Governor Andrew Bailey has urged renewed efforts to restore trade relations with the European Union.
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BMC’S GenAI innovations drive business value from data
New capabilities enhance workflow orchestration and drive mainframe transformation.
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Ara Partners raises $800 million to invest in mid-market decarbonization infrastructure providers
Private equity firm Ara Partners, which specialises in industrial decarbonisation, has secured over $800 million (£636 million) for the inaugural fund under its Ara Infrastructure platform, significantly surpassing its initial fundraising target of $500 million. The capital includes commitments to associated co-investment vehicles and will be deployed into mid-market infrastructure projects aimed at reducing carbon…
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McDonald’s US sales slump as economic pressures bite
McDonald’s reported a 3.6% fall in US same-store sales in Q1 2025 — its steepest decline since the pandemic.
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H&M-backed Syre to build “gigascale” textile-to-textile recycling plant in Vietnam
Circular economy start-up Syre has signed a memorandum of understanding with the provincial government of Bình Định in Vietnam, marking a key step toward establishing its first large-scale textile-to-textile recycling facility in the region. The plant — which the company refers to as “gigascale” — would be the first of its kind for Syre and…
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Tesla denies claims of Musk succession search
Tesla has denied reports that its board is seeking a replacement for chief executive Elon Musk, after a Wall Street Journal report claimed the company had began a search for its new chief executive, amid mounting concerns on his political entanglements. In a post early Thursday on X, the social media owned by Musk, Tesla…