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After a turbulent year for UK–Canada trade talks, diplomatic frost and global tariff uncertainty are raising new questions about what comes next.
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Italian energy group Eni has announced that it has entered exclusive negotiations with Ares Management Corporation’s alternative credit arm over the potential sale of a 20% stake in its low-carbon energy subsidiary, Plenitude. The proposed transaction would value Plenitude’s equity between €9.8 billion and €10.2 billion (£8.4–£8.8 billion), corresponding to an enterprise value exceeding €12…
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US-based fusion energy start-up Realta Fusion has secured $36 million in Series A funding to accelerate the commercial development of its modular magnetic mirror fusion technology. The funds will be used to advance experimental research, scale up development, and lay the groundwork for a prototype fusion reactor, which the company aims to have operational by…
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Rugby league team Salford City Reds was hit with formal legal action by HMRC over unpaid bills
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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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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 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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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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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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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…