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Bank of England shows openness to stablecoins in wholesale markets. Sasha Mills, Executive Director of Financial Market Infrastructure, indicated a potential role for stablecoins in wholesale markets, signalling a shift from the Bank’s cautious stance, amidst industry feedback.
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Seventeen UK firms adopt four-day week after successful trial. The six-month trial led by the 4 Day Week Foundation showed improvements in staff wellbeing and productivity, prompting 12 companies to adopt a permanent four-day week and five to implement a “nine-day fortnight”.
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Frasers Group secures £3.5bn financing for growth and acquisitions. The new package replaces existing loans, enhancing Frasers’ financial strength for future expansion. The facility underscores banking support for its strategy, positioning it well for market opportunities.
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Greggs predicts lower profits due to reduced footfall and sales. The bakery chain’s shares fell over 13% after June’s heatwave. Analysts cite slow sales and rising costs as contributing factors to the expected profit decline.
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Santander UK acquires TSB in a £2.9bn landmark deal. The acquisition will expand Santander’s market share, adding five million customers and £69bn in assets. The deal, expected to close in early 2026, awaits regulatory approval.
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UK directors are facing a new phase of economic uncertainty. Confidence remains fragile amid tax increases, labour cost hikes, and regulatory change — with small firms and long-term sectors feeling the strain.
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AstraZeneca chief hints at US move, intensifying pressure on UK markets. The FTSE 100’s largest company may relocate its primary stock listing to New York, as its CEO signals strategic realignment.
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Job vacancies in the UK have hit a new low. As employers pause hiring and leave roles unfilled, ONS data points to a cooling market. Leaders warn that delaying recruitment too long could erode productivity and capability, with hidden costs for competitiveness.
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SP Energy Networks invests £1.4bn in Scotland’s energy infrastructure. The initiative is part of a £5.4bn programme boosting UK supply chains and green jobs, enhancing energy security and economic growth through strategic partnerships with predominantly UK-based suppliers.
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Eon’s UK arm reported an £800 million drop in turnover. The Coventry-based division’s sales fell to £2.5 billion for 2024, down from £3.3 billion the previous year, as lower wholesale commodity prices weighed on revenues. Pre-tax profit, however, edged up to £52 million due to a series of disposals.