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YouTube surpasses ITV as the UK’s second most-watched media brand. Ofcom’s report highlights the platform’s growing popularity, especially among younger viewers. Average daily viewing time for traditional broadcast TV decreased as on-demand services gained traction.
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Evercore is buying boutique advisory firm Robey Warshaw for £146 million. The deal, expected to close in Q4 2025, adds strategic firepower to Evercore’s UK and European ambitions, bolstering its credentials in high-value M&A advisory and expanding its reach in cross-border transactions.
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Müller acquires Biotiful Gut Health, entering functional yogurt sector. The acquisition allows Müller to access the growing market for natural health products. Biotiful will continue independently, with Müller supporting growth and innovation. Financial terms remain undisclosed.
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Trump criticises UK’s North Sea oil taxation as excessive. US President Donald Trump has criticised the UK for high taxes on North Sea oil, calling it a “TREASURE CHEST” for the country. He urged for incentives to attract drillers, highlighting potential financial gains and reduced energy costs.
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Five major UK deals defined this M&A-heavy week. Cross-border buyers dominated activity, UK corporates stepped up, and private equity returned to London listings with cash in hand.
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UK retail sales rose 0.9% in June, rebounding from May’s drop. Driven by hot weather and online promotions, volumes remain below pre-pandemic levels as consumer caution and inflation weigh on the sector’s recovery.
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UK businesses are cutting staff at fastest rate since February. The latest PMI data shows economic momentum slowing, with declining new orders and export sales. Rising payroll costs and subdued demand are prompting companies to reduce headcounts, impacting growth.
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UK vehicle production hits 70-year low amid industry challenges. Car output fell 7.3% and van production plunged 45%, impacted by factory closures and uncertainty over US tariffs. The government’s EV grant scheme lacks clarity, hindering recovery efforts.
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Most young UK workers now weigh up second jobs for survival. More than half of Gen Z and 71% of Millennials are considering side hustles as the cost-of-living crisis drives up financial anxiety among the UK’s youngest employees, according to new research by Boostworks.
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Over half of UK businesses will not adopt AI in 2025. A new survey from technology firm boxxe finds widespread scepticism around AI security, affordability, and integration — even as government efforts intensify to support AI skills development.