UK
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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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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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The UK government’s recently unveiled immigration white paper has triggered cautious optimism across the tech sector, as policymakers aim to reverse a talent bottleneck that many say has long stifled innovation and growth. As part of a broader industrial strategy targeting sectors like AI, quantum, and green tech, the paper outlines steps to widen access…
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With confidence at record lows, managers face rising costs, shrinking headcounts, and a renewed focus on workforce planning.
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UK wage growth slowed to 5.6% while unemployment rose to 4.5%, as businesses braced for tax increases and a higher minimum wage, according to latest ONS data. Read more: UK wage growth slows as unemployment edges up ahead of tax and wage hikes
