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UK manufacturers reduce US exports due to tariff uncertainties. A survey reveals that 20% of factories have already reduced exports, with 16% planning to follow. Despite this, the US remains a key market, though manufacturers are shifting towards local sourcing.
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UK leaders link agentic AI adoption to reviving economic productivity growth. A House of Lords summit has called for wider deployment of agentic artificial intelligence to support small businesses and lift productivity, as the UK economy continues to show limited momentum following a subdued second half of 2025.
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Gateshead-based Thrift Energy Group has transitioned to employee ownership status. The retrofit specialist becomes one of the UK’s largest employee-owned businesses in its sector, as founder Derek Campbell steps back from day-to-day leadership following more than four decades in the industry.
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A new platform aims to expand women’s access to capital. Scottish entrepreneur Veenoo Sharma has unveiled a global initiative designed to increase women’s access to investment, influence, and policy networks, with its first public launch held at the Houses of Parliament earlier this month.
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Gumtree has partnered with GBG to streamline business onboarding processes. The marketplace is using GBG’s Know Your Business technology to verify home services providers faster, strengthen trust and safety, and support growth in one of its fastest-developing categories.
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Holmes Noble and MRA form partnership focused on board-ready leadership development. The alliance combines executive search with accredited coaching programmes, responding to persistent weaknesses in succession planning and high failure rates among newly appointed senior leaders.
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Sterling reaches $1.38, its highest since October 2021. Analysts attribute the rise to US dollar weakness amid economic disruption, shifting interest rate expectations, and geopolitical uncertainty, creating a rare buying opportunity for those needing US currency.
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Hargreaves Lansdown reduces fees for half its customers. The UK’s largest DIY investment platform, Hargreaves Lansdown, is set to cut fees for around half of its clients, introducing new charges for fund trading amidst increasing industry competition.
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Labour MPs urge halt to business rates hike for venues. Nearly 50 Labour MPs have written to the chancellor, calling for an immediate halt to a planned rise in business rates for music venues, warning that the revaluation could push many spaces to the brink of closure.
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Waymo prepares for UK launch amid US safety scrutiny. The Alphabet-owned self-driving vehicle firm is testing its robotaxis in London ahead of a planned passenger launch this year, while facing regulatory investigations in the US following incidents involving its vehicles.