News
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Burberry to cut 1,700 jobs in global savings drive amid luxury slowdown
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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UK Government courts fintech unicorns to anchor IPOs in London
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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CVC co-founder Rolly van Rappard considers Milan move amid UK tax reforms
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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CMA to investigate Aviva’s £3.7bn Direct Line deal
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 leaders warn immigration reforms could undermine growth without urgent training reform
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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Actis raises $1.7 billion for brownfield infrastructure investment fund
Sustainable infrastructure investor Actis has announced the close of fundraising for its second Actis Long Life Infrastructure Fund (ALLIF2), securing commitments totalling $1.7 billion. The fund will target brownfield investments across sectors including renewable energy, electricity transmission, district cooling, toll roads, and digital infrastructure, with a particular focus on high-growth markets outside of Western economies.…
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Asuene enters U.S. climate tech market with acquisition of carbon accounting startup NZero
Japanese climate technology firm Asuene has announced its acquisition of US-based carbon management and accounting platform nZero, marking a strategic expansion into the North American greentech and corporate sustainability space. Founded in Tokyo in 2019, Asuene provides tools and consultancy services to support corporations in achieving their net zero targets. These include greenhouse gas (GHG)…
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New immigration plans could reverse the UK’s tech talent exodus
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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UK wage growth slows as unemployment rises ahead of tax and wage hikes
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
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With AI, ‘everything is being evaluated’ at the London-based technology company IFS
The enterprise software firm IFS, headquartered in London and recently appraised at €15bn (£12.6bn), is shifting its entire business approach to focus primarily on artificial intelligence (AI) as it aspires to achieve a remarkable $100bn valuation by 2029. Focusing on asset-driven sectors like energy, manufacturing, aerospace, and telecommunications, IFS is directing more investments into AI-enhanced…