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Nissan is committing fresh investment to its Sunderland manufacturing operation. Around £170m will support production of the Kicks e-POWER crossover, strengthening the plant’s role in Nissan’s European manufacturing network.
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Chemify is expanding its Glasgow operations through major new investment. The £89.9m programme combines £22m of public support with £67.9m from the company and could create up to 300 skilled jobs.
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UK grocery sales rose while supermarket unit volumes slipped lower. NIQ says sales increased 1.8% in four weeks to September 5, but volumes declined for the first time since Easter.
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UK inflation rose above 3% as transport costs accelerated sharply. Manufacturing input prices are also climbing, but unchanged core and services inflation and a softer labour market suggest the latest pressure remains concentrated around energy and goods.
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Employers warn Britain’s labour market remains weak as vacancies fall. Employment specialists are calling attention to lower hiring, SME cost pressures, and persistently high youth unemployment after the latest ONS figures.
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UK and US fusion laboratories are linking powerful AI supercomputers. The proposed federation will combine experimental data and computing capacity as both countries pursue faster fusion development and commercialisation.
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The FCA is testing how tokenised gold could reshape markets. Its work examines trading, transfers, collateral, custody, and regulation as the UK develops a broader framework for tokenised wholesale finance.
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UK economic output grew by 0.4% during July this year. Services, production, and construction all expanded during the month, although the wider three-month picture remains heavily dependent on growth in services.
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Andy Burnham will host major business leaders at Downing Street. Executives and entrepreneurs will discuss investment, infrastructure, innovation, and devolution as the government develops its growth programme ahead of major fiscal decisions.
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The ECB has raised rates as energy inflation intensifies again. Euro-area borrowing costs will increase by 25 basis points as policymakers respond to higher energy prices while retaining a meeting-by-meeting approach to future decisions.