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  • EDF buys EV charger firm Pod Point for just £10m, four years after £352m London float

    EDF buys EV charger firm Pod Point for just £10m, four years after £352m London float

    June 12, 2025

    French energy giant EDF has acquired EV charger company Pod Point for just £10 million, down from its £352 million IPO valuation in 2021, after a sharp drop in revenue and continued losses. Read more: EDF buys EV charger firm pod point for just £10m – four years after £352m london float


  • Spending review: IFS chief suggests Treasury ‘making up numbers’ over DOGE-style Whitehall cuts

    Spending review: IFS chief suggests Treasury ‘making up numbers’ over DOGE-style Whitehall cuts

    June 12, 2025

    The Ministry of Defence and Department for Health and Social Care are slated to see billions cut in Whitehall budgets in what a DOGE-style body within the Treasury described as “efficiency gains” – despite both departments set to see a real terms increase in spending between 2026 and 2029.  A new government document has revealed…


  • PPE Medpro hits back in £122m DHSC court case, blaming government ‘chaos’ during COVID procurement

    PPE Medpro hits back in £122m DHSC court case, blaming government ‘chaos’ during COVID procurement

    June 12, 2025

    PPE Medpro defends itself in a £122m High Court case, arguing that the UK government approved its gowns during Covid-19 and is now wrongly scapegoating the firm for its own procurement failures. Read more: PPE Medpro hits back in £122m DHSC court case, blaming government ‘chaos’ during Covid procurement


  • Record fall in British exports to US as Trump tariffs bite

    Record fall in British exports to US as Trump tariffs bite

    June 12, 2025

    UK exports to the US dropped by £2bn in April — the steepest monthly fall since 1997 — following President Trump’s new tariffs. Trade front-loading in Q1 gave way to sharp decline. Read more: Record fall in British exports to US as Trump tariffs bite


  • Poundland sold for just £1 as up to 200 stores face closure amid major restructuring

    Poundland sold for just £1 as up to 200 stores face closure amid major restructuring

    June 12, 2025

    High Street favourite sold for £1 in a bid to stabilise the business.


  • FirstGroup quietly ends long-running employee director policy

    FirstGroup quietly ends long-running employee director policy

    June 12, 2025

    FirstGroup, once a pioneer of employee representation on boards, has scrapped its employee director role amid business restructuring—marking a setback for the worker voice movement. Read more: Firstgroup quietly ends long-running employee director policy


  • Wimbledon expansion: Key judicial review set for during Grand Slam

    Wimbledon expansion: Key judicial review set for during Grand Slam

    June 12, 2025

    Wimbledon will face a crunch judicial review on their plans to expand their Championships tennis site during this year’s grand slam. Speaking ahead of this year’s SW19 tournament, which gets underway on 30 June, All England Lawn Tennis and Croquet Club chair Deborah Jevans said the Greater London Authority decision to grant planning permission to…


  • London broker upgrades landlord GPE on expected surge in prime office rents

    London broker upgrades landlord GPE on expected surge in prime office rents

    June 12, 2025

    London broker Peel Hunt has upgraded the target share price for West End property giant Great Portland Estates (GPE) as high demand for best-in-class office space is set to push up prices. GPE’s share price was 342p as of the close on June 11, but Peel Hunt brokers have set a target price of 375p.…


  • Disney and Universal sue AI firm Midjourney over ‘bottomless pit of plagiarism’

    Disney and Universal sue AI firm Midjourney over ‘bottomless pit of plagiarism’

    June 12, 2025

    Disney and Universal have filed a landmark lawsuit against AI image generator Midjourney, accusing the San Francisco-based company of large-scale copyright infringement and calling its tools a “bottomless pit of plagiarism”. Read more: Disney and Universal sue AI firm Midjourney over ‘bottomless pit of plagiarism’


  • Spending Review 2025: investment promised, delivery questioned

    Spending Review 2025: investment promised, delivery questioned

    June 11, 2025

    Reeves outlines investment plan, but business leaders demand clearer follow-through.


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