UK wage growth slowed to 5.6% while unemployment rose to 4.5%, as businesses braced for tax increases and a higher minimum wage, according to latest ONS data. Read more: UK wage growth slows as unemployment edges up ahead of tax and wage hikes

Apple is considering raising prices for its next iPhone lineup, with increases likely tied top new features and design changes, rather than ongoing US-China trade tensions. The current lineup ranges from $799 to $1,199. Yet analysts believe the newest model, Pro Max, could hit $1,900 if its pricing reflects upgrades and tariff costs. The Wall…

A new government-backed Lilac review reveals that systemic barriers faced by disabled business owners could be costing the UK economy up to £230 billion annually. Read more: Barriers faced by disabled entrepreneurs cost UK economy £230bn, report warns

Heathrow Airport reported an increase in transatlantic passenger traffic in April despite President Donald Trump’s policy changes sparking a sharp downturn in US tourism. Some 1.8m passengers travelled between North America and the UK’s busiest hub over the month, up 5.5 per cent year-on-year. Heathrow also said year-to-date traffic to and from New York’s JFK…

Santander rebuffed an £11bn bid for its UK retail banking division from Natwest earlier this year because it was was too low. The two lenders are no longer in negotiations, according to people familliar with the matter cited by the Financial Times, despite consistent speculation about the fate of the Spanish financial juggernaut’s UK business.…

Bank of England Governor Andrew Bailey has urged renewed efforts to restore trade relations with the European Union.

Tesla has denied reports that its board is seeking a replacement for chief executive Elon Musk, after a Wall Street Journal report claimed the company had began a search for its new chief executive, amid mounting concerns on his political entanglements. In a post early Thursday on X, the social media owned by Musk, Tesla…

Tesla begins search to replace Elon Musk after 71% profit drop and growing investor unease over his political role, as Musk pledges to shift focus back to the company. Read more: Tesla launches CEO search as Elon Musk pledges return amid stock plunge and political fallout

Business confidence rose to its highest level since September, boosted by Trump’s tariff delay and easing cost pressures, according to new data from the Institute of Directors. Read more: Business confidence hits highest level since October budget as Trump delays tariffs