News
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The FTSE 100 stormed towards a record high on Tuesday morning after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up as high as 0.5 per cent in early trading hitting 8,875.73p putting it on track to surpass March’s record close of 8,871.31p. …
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Sir Keir Starmer is likely addressing the tech industry’s hopes with his major commitment at London Tech Week to instruct one million students in AI. Yet, new information reveals a pronounced existing regional disparity. London is rapidly surpassing other parts of the UK in generating AI job opportunities, investment, and education. This prompts concerns that,…
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Consolidation accelerates across telecoms, energy, and infrastructure
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The shadow home secretary has slammed the Labour government amid mounting speculation police budgets are on the chopping block in Chancellor Rachel Reeves’ spending review. Chris Philp told the BBC’s Sunday with Laura Kuenssberg he believes police funding should be protected from cuts following concerns of a shrinking workforce. “I think I’m very concerned that…
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Rachel Reeves may have to tear up Labour’s manifesto tax commitments to meet her tight fiscal rules, economists have warned, as the Chancellor battles to balance the books amid calls for higher spending on defence and welfare. A suite of new day-to-day spending commitments made by the Treasury in recent weeks, including reversing cuts to…
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Global management consultancy Bain & Company has formed a strategic partnership with Terralytiq, a startup specialising in supply chain decarbonisation intelligence solutions. This collaboration aims to help businesses optimise their supply chains by reducing both carbon emissions and costs, ultimately facilitating the delivery of products with lower carbon footprints. Established in 2023, Terralytiq offers a…
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Former Aston Villa bigwig Chris Heck has joined LIV Golf as the Saudi Arabia-backed league’s new president of business operations. Heck left Villa this season after a two-year stint that saw the Premier League club reach the Champions League. It comes as the US Amateur champion Jose Luis Ballester snubbed a spot on the Korn…
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Macquarie Asset Management and British Columbia Investment Management Corporation (BCI) have announced the completion of their acquisition of the European waste-to-product company Renewi, in a deal valuing the company at approximately £707 million ($957 million USD). Based in the UK, Renewi specialises in extracting value from waste and used materials, diverting waste from incineration or…
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An influential group of MPs has demanded that Meta outline its track record responding to requests to remove damaging content from finfluencers, after the Financial Conduct Authority (FCA) named the Facebook and Instagram owner as the sector’s worst offender. Chair of the Treasury Committee Meg Hillier issued a letter to the social media giant earlier…
