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Net-Zero Banking Alliance ceases operations amid restructuring plans. The coalition will transition to a framework offering guidance for banks on decarbonisation targets, following numerous high-profile departures. This move aims to support banks’ climate transition plans and foster inclusivity….
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This week’s UK M&A activity spanned food delivery, wealth management, energy, retail, and oilfield services. From DoorDash’s $3.9 billion takeover of Deliveroo to Lloyds reshaping its wealth strategy, the deals underscore how consolidation continues across UK consumer, financial, and industrial sectors.
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Nearly five months after its unveiling, the US–UAE AI chip pact remains stalled. Nvidia’s CEO and some officials see the delays as emblematic of deeper tensions around export controls, foreign investment, and the geopolitics of advanced technology.
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Google UK cut 400 jobs despite nearly £3bn in revenue. The company reduced headcount to 7,029 in 2024 while pre-tax profits rose above £400m. The cuts coincide with a £5bn UK investment plan, a new Waltham Cross data centre, and a £25bn lawsuit over online advertising practices.
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Tesco warns of challenges absorbing additional costs amid tax concerns. Tesco’s Ken Murphy expressed concerns over rising costs, including increased national insurance and packaging levies. Despite these challenges, Tesco has raised its profit forecast following a strong summer sales performance.
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Tesla delivers record vehicles despite European setbacks. The electric carmaker exported 497,099 vehicles in Q3 2025, driven by US tax incentives. However, European sales fell 43% year-on-year, with competition and limited models impacting growth.
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Inflation concerns rise as UK businesses plan price hikes. A Bank of England survey reveals businesses intend to increase prices significantly, with inflation expectations remaining high. Hiring intentions are the weakest since 2020, indicating economic caution.
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Global Cement and Concrete Association launches new membership category. The initiative aims to enhance collaboration across the construction sector to support net zero ambitions. It opens membership to key organisations in construction and decarbonisation efforts….
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HM Treasury shifts decisively to cloud-based IT infrastructure. The department spent over £63.6m on cloud services in three years, eliminating on-premise systems entirely, reflecting a broader digital transformation agenda within public spending and tax policy.
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U.S. manufacturing edged higher in September but remained in contraction. Activity improved modestly with output rising, yet new orders, exports, and hiring continued to decline. Tariff costs and supply chain pressures weighed heavily on companies, while private payrolls fell sharply, raising further concerns over the health of the sector.
