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Inditex sales grew strongly, but quarterly profitability fell below expectations. Higher transport and input costs are squeezing margins while Zara’s parent continues investing in stores, logistics, and European expansion.
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Brussels proposes common rules for local short-term rental restrictions today. The framework would tie housing controls to measurable local stress and require interventions to be justified and proportionate.
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Brussels is proposing new rules across Europe’s €2.5tn procurement market. The planned overhaul combines simplification and digitalisation with European-preference, resilience, innovation, and strategic purchasing measures.
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Mobico is simplifying operations while quarterly revenue continues to grow. Group revenue rose 5% as stronger Alsa and German Rail trading offset weaker areas and management progressed its restructuring programme.
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A NATS systems failure disrupted hundreds of UK flights today. Airlines and airports faced extensive cancellations and delays after a fault in the air traffic control provider’s flight processing system reduced capacity across the network.
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British suppliers are set for £167m of Angolan infrastructure contracts. UK Export Finance is backing £655m of airport, road, and electricity projects designed to create procurement opportunities for companies across the British supply chain.
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Chinese glass containers face provisional UK anti-dumping duties from tomorrow. Rates of 24.65% to 52.97% will apply while the Trade Remedies Authority completes its investigation into alleged dumping and injury to domestic producers.
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Britain is widening sanctions affecting finance, trade, transport, and technology. New Iran restrictions take effect on 29 September, increasing compliance requirements across energy, banking, insurance, shipping, software, investment, and international supply chains.
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Illumina Cambridge has paid £7.44m over identified UK sanctions breaches. HMRC says the case shows companies can breach Russia controls through overseas group supply chains even when sanctioned goods never leave Britain directly.
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Government has set a new statutory path for rail freight. Great British Railways will be expected to support at least 40% growth by 2040, potentially increasing the value of goods moved by rail to £49.5bn.