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Pandora confirms cyber attack affecting customer data through a third-party. The jewellery retailer disclosed that names, birthdates, and email addresses were accessed, though no sensitive information like passwords or credit card details was compromised.
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Chancellor Reeves confronts a potential £41 billion shortfall in public finances. Labour faces mounting pressure to raise taxes or cut spending as growth stalls, inflation remains elevated, and fiscal rules bite.
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Nearly 3,800 directors left the UK after sweeping tax changes. A sharp rise in company director emigration has followed Labour’s abolition of the non-dom regime and new business wealth taxes, with Dubai now the leading destination for British and international business leaders.
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UK services sector orders have fallen at their sharpest pace since 2022. Businesses across hospitality, professional services, and retail report the steepest drop in new business for nearly three years, with rising payroll costs and inflation forcing companies to cut jobs and delay new investment plans despite strong corporate earnings.
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Spectris has accepted a £4.2 billion takeover by KKR. The agreement follows months of public bidding and multiple revised offers, marking the conclusion of a high-stakes battle between two major private equity groups and signalling renewed global interest in UK mid-cap industrials.
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Labour faces calls to impose VAT on private healthcare. Former Labour leader Lord Kinnock suggests this could generate over £2 billion annually in funding for the NHS, amid growing pressure on the government to address fiscal shortfalls.
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UK green energy tariffs decline sharply amid cost of living crisis. Green energy deals have dropped from 85% to 18% of the market due to rising costs, with consumers prioritising affordability over sustainability. Suppliers now focus on balancing green credentials with consumer expectations.
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New powers for the Small Business Commissioner aim to tackle late payments. The average UK SME is owed more than £20,000, according to FSB data. Chronic late payment is now a defining risk, amplifying the impact of high costs, inflation, and energy prices for small businesses.
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Metlen Energy & Metals makes its City debut in London today. The €6.7 billion group, previously Mytilineos, is now trading on the London Stock Exchange after a rare high‑value listing. The move delivers a morale boost for the City as new floats and capital raises remain at multi‑decade lows.
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A fifth rate cut looks likely despite persistent inflation signals. With the labour market cooling and GDP contracting, the Bank appears ready to resume easing. Our read: a divided MPC will vote for a 25bps cut, with caution in its tone but confidence in direction.