News
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Salesforce tackles water use in data centres
Salesforce launches new initiatives focused on sustainable water usage. The CRM provider’s efforts include enhancing data centre sustainability, investing in watershed resilience in Brazil and Mexico, and scaling its blue carbon initiatives to mitigate environmental impacts….
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Oxford Instruments shares surge despite profit woes
Oxford Instruments shares rise despite profit drop. The company’s stock increased by 9.93% following a challenging first half, with revenue falling 7.9% due to US tariffs. However, cash flow improved, and order momentum from large customers provides optimism for recovery.
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UK unemployment hits 5 per cent as labour market cools
The UK’s unemployment rate has reached 5 per cent — its highest level in four years. Labour-market data from the Office for National Statistics suggest hiring has slowed sharply, raising pressure on the government’s forthcoming Autumn Budget and signalling a broader shift from worker shortages to labour-market slack.
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Support shortage threatens Gen Z entrepreneurship
Gen Z drives UK’s entrepreneurial surge but faces support challenges. Over 80% of 18 to 24-year-olds engage in entrepreneurial activities. However, financial pressures and limited access to professional networks threaten their potential as future business leaders.
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AI to drive job cuts, say UK firms
One in six UK employers foresee AI-driven workforce reductions. A CIPD survey reveals that clerical and junior roles face the highest risk as AI adoption accelerates. Large private firms are most likely to cut jobs, highlighting AI’s disruptive potential.
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Budget tax hikes may drive price rises
UK business leaders urge against raising employment costs in Budget. A survey reveals 86% of leaders fear Budget impacts, with 59% feeling small businesses are overlooked. Increased taxes could force price hikes, hindering growth and inflation control.
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UK cyber insurance claims tripled in 2024, says trade body
UK insurers paid out at least £197 million in cyber claims last year. Cyber insurance payouts by UK insurers tripled in 2024, according to the Association of British Insurers, as attacks on companies became more frequent and costly.
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Manchester named UK’s young entrepreneur capital
Manchester tops the UK’s list of young entrepreneur hubs. New analysis of over 60,000 Companies House records reveals the city has the highest concentration of founders aged 24 and under, reflecting a new wave of youth-led enterprise beyond the capital.
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ICMA unveils climate transition bond label
ICMA releases new Climate Transition Bonds guidance for high-emission sectors. The guidance enables high-emission sectors to finance transition projects.
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Gender diversity lag at UK tech scale-ups, new report finds
Women hold just 18% of board roles in tech scale-ups. Despite near-universal support for diverse boards, more than a third of the UK’s fastest-growing technology companies have no female representation at board level, according to new research from Think & Grow.