-
Britain will ease high-skilled worker visas to attract global talent. UK finance minister Rachel Reeves said the plan would counter new U.S. restrictions, with potential cuts to fees under review as London courts displaced workers.
-
Amazon to close all 19 UK Amazon Fresh stores. The move endangers around 250 jobs as the company shifts focus to online sales and expands its Whole Foods brand. A consultation with employees has been initiated, with some roles possibly redeployed.
-
Vodafone franchisees warned of mental health impacts four years ago. A 2020 survey revealed franchisees experienced stress and anxiety after commission cuts, leading to a £120 million High Court case alleging unjust enrichment by Vodafone.
-
Zilch secures £30m loan facility, favouring debt over equity. The London fintech, based in Victoria, has agreed a £30m facility with US Bank. This follows a £100m debt facility with Deutsche Bank last year and £20m Series D funding in 2023.
-
Economists propose tax shifts to boost UK revenue by £6bn. The Resolution Foundation suggests reducing national insurance and increasing income tax to raise £6bn, helping Chancellor Reeves counteract higher borrowing costs and expected growth downgrades.
-
NatWest plans to sell pension provider Cushon after two years. The bank has engaged advisers for the sale and is in discussions with potential buyers. This move follows a strategic shift under CEO Paul Thwaite, focusing on large-scale acquisitions.
-
Spire Healthcare considers strategic options amid shareholder pressure. The private hospital group is reviewing potential business strategies, including a sale, with Rothschild & Co advising. Rising demand for private healthcare due to NHS strain has increased interest in Spire.
-
This week’s UK M&A activity spanned private equity, healthcare, banking, technology, and retail. From Apax Global’s £794 million delisting to Sainsbury’s collapsed Argos sale, the developments show how global capital is reshaping the UK’s investment landscape and pressing established players to adapt their strategies.
-
Investec remains on track despite challenging economic conditions. The bank anticipates adjusted operating profit for the first half to align with last year’s figures, maintaining its strategy amidst market volatility and progressing with its £100m share buyback programme.
-
Retail sales rose due to good weather and higher incomes. Despite this, the struggling retail sector looks to the festive season for a boost, as sales fell by 0.1% from May to August. Consumer confidence remains cautious.