Markets
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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 Andrew Bailey has urged renewed efforts to restore trade relations with the European Union.
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New capabilities enhance workflow orchestration and drive mainframe transformation.
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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 reported a 3.6% fall in US same-store sales in Q1 2025 — its steepest decline since the pandemic.
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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 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…
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Tesla begins search to replace Elon Musk after 71% profit drop and growing investor unease over his political role, as Musk pledges to shift focus back to the company. Read more: Tesla launches CEO search as Elon Musk pledges return amid stock plunge and political fallout
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Business confidence rose to its highest level since September, boosted by Trump’s tariff delay and easing cost pressures, according to new data from the Institute of Directors. Read more: Business confidence hits highest level since October budget as Trump delays tariffs
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The M&S breach is a wake-up call for enterprises — cybersecurity can’t be delegated, delayed or treated as a tech issue.