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PPE Medpro defends itself in a £122m High Court case, arguing that the UK government approved its gowns during Covid-19 and is now wrongly scapegoating the firm for its own procurement failures. Read more: PPE Medpro hits back in £122m DHSC court case, blaming government ‘chaos’ during Covid procurement
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The IFRS Foundation announced today that 36 jurisdictions have adopted or are using the IFRS Sustainability Disclosure Standards (ISSB Standards), with 17 having finalised their approach. This announcement signifies ongoing progress in expanding ISSB-based sustainability requirements. In November 2024, a report indicated that 30 jurisdictions were moving towards adopting these standards, following a May 2024…
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UK exports to the US dropped by £2bn in April — the steepest monthly fall since 1997 — following President Trump’s new tariffs. Trade front-loading in Q1 gave way to sharp decline. Read more: Record fall in British exports to US as Trump tariffs bite
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High Street favourite sold for £1 in a bid to stabilise the business.
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FirstGroup, once a pioneer of employee representation on boards, has scrapped its employee director role amid business restructuring—marking a setback for the worker voice movement. Read more: Firstgroup quietly ends long-running employee director policy
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Wimbledon will face a crunch judicial review on their plans to expand their Championships tennis site during this year’s grand slam. Speaking ahead of this year’s SW19 tournament, which gets underway on 30 June, All England Lawn Tennis and Croquet Club chair Deborah Jevans said the Greater London Authority decision to grant planning permission to…
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London broker Peel Hunt has upgraded the target share price for West End property giant Great Portland Estates (GPE) as high demand for best-in-class office space is set to push up prices. GPE’s share price was 342p as of the close on June 11, but Peel Hunt brokers have set a target price of 375p.…
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The US Environmental Protection Agency (EPA) has announced plans to repeal a set of regulations designed to reduce greenhouse gas emissions and pollution from fossil fuel-based power plants. The EPA claims that these emissions “do not contribute significantly to dangerous air pollution” as defined by current regulations. The electric power sector is responsible for about…
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Disney and Universal have filed a landmark lawsuit against AI image generator Midjourney, accusing the San Francisco-based company of large-scale copyright infringement and calling its tools a “bottomless pit of plagiarism”. Read more: Disney and Universal sue AI firm Midjourney over ‘bottomless pit of plagiarism’
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Reeves outlines investment plan, but business leaders demand clearer follow-through.