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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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Allianz Commercial launches platform to tackle climate risk challenges. The Climate Adaptation & Resilience Services (CAReS) platform aids businesses in identifying and mitigating climate risks, offering tools for risk assessment and consultancy services to manage potential threats effectively….
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Terra CO2 raises $124.5 million to expand low-carbon cement. The funding will support the company’s commercial facility development, team growth, and advancement of sustainable cementitious products, aiming to significantly reduce carbon emissions in the construction industry….
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Tariff fears are delaying Bank of England action. Governor Andrew Bailey warned that global trade uncertainty is paralysing investment, making it harder to cut interest rates without deepening the slowdown. The Bank now faces a slower, cautious path to easing.
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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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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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Nine-month window to overhaul sick pay sparks concern as employers brace for biggest workplace reform drive in decades.
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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.
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Directors’ confidence has fallen sharply as tax rises bite. The latest Institute of Directors index shows sentiment dropping close to pandemic-era lows, as fresh payroll taxes and looming new regulations unsettle business leaders across the UK in the run-up to autumn.