Markets
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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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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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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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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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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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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…
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Business groups warn that the UK’s new immigration reforms could harm economic growth unless backed by urgent investment in domestic skills and training systems. Read more: Business leaders warn immigration reforms could undermine growth without urgent training reform
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Sustainable infrastructure investor Actis has announced the close of fundraising for its second Actis Long Life Infrastructure Fund (ALLIF2), securing commitments totalling $1.7 billion. The fund will target brownfield investments across sectors including renewable energy, electricity transmission, district cooling, toll roads, and digital infrastructure, with a particular focus on high-growth markets outside of Western economies.…
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Japanese climate technology firm Asuene has announced its acquisition of US-based carbon management and accounting platform nZero, marking a strategic expansion into the North American greentech and corporate sustainability space. Founded in Tokyo in 2019, Asuene provides tools and consultancy services to support corporations in achieving their net zero targets. These include greenhouse gas (GHG)…
