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FCA research highlights concentrated liquidity risks across alternative investment funds. The regulator’s first market-wide analysis comes as UK-managed alternative assets reach £1.8tn and private credit expands rapidly.
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Revolut has secured conditional approval for a United States bank. The fintech plans to invest about $95m and launch in 2027, subject to further regulatory approvals from US authorities.
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Nearly 660 employers have been named for minimum-wage underpayments nationwide. Around £4m has been returned to 27,000 workers as the new Fair Work Agency takes a more central role in enforcement.
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UK businesses report rising concern about conflict disrupting supply chains. ONS data show geopolitical and shipping risks are substantially more prominent than a year ago, increasing pressure on procurement, transport, and working-capital decisions.
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Apple faces a £2bn UK lawsuit over app tracking rules. Developers allege its privacy framework created unfair competitive restrictions, while Apple says the same requirements apply to its own services.
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Wayve and Uber have launched autonomous passenger rides across London. The supervised service places British-developed AI driving technology into commercial ride-hailing journeys for the first time in the UK.
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UK services activity strengthened in August as inflation pressures returned. The latest PMI shows improved demand and confidence, but rising input costs and selling prices add to the Bank of England’s policy challenge.
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Bank economist Huw Pill has renewed pressure for higher rates. The Bank of England chief economist argues that a move to 4% could contain inflation risks before they become more persistent.
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Hawk has strengthened its UK commercial team with senior appointment. Former Yahoo executive James Fenn joins the Azerion-owned demand-side platform as enterprise business director, targeting advertisers, agencies, and omnichannel growth.
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Employee experience programmes risk overlooking workers during technology-led transformation efforts. A Designit poll puts employee input and people-first design ahead of hybrid working and personalisation among perceived transformation blind spots.