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Kering will sell its beauty division to L’Oréal for €4 billion. The deal marks a strategic shift for the luxury group, which is refocusing on fashion and easing a debt load built up through recent acquisitions and property investments.
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Shadow energy secretary criticises Labour’s net zero targets as harmful. Claire Coutinho argues that the UK’s climate targets exacerbate the cost of living crisis, increase electricity costs, and drive jobs overseas, worsening emissions. She calls for a careful approach to China’s role in the energy sector.
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UK fintech industry body criticises banking watchdog over regulation. Innovate Finance’s report criticises the Prudential Regulation Authority for excessive requirements on challenger banks, claiming they hinder competition and innovation, despite government pledges to support financial services growth.
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Legal & General plans £2bn UK investment to create jobs. The FTSE 100 company aims to invest in infrastructure and housing, creating approximately 24,000 jobs. The initiative aligns with government efforts to boost regional growth through pension fund investments.
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US banking regulators withdraw climate risk management framework for banks. The US Federal Reserve, FDIC, and OCC have rescinded climate-related financial risk management principles for large banks, citing existing risk management requirements. The decision reverses previous climate-focused initiatives….
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FTSE 100 faces worst session since April amid bank sell-off. Global equity markets were rattled by a sell-off in US regional banks, leading to significant losses in the UK’s FTSE 100. Barclays shares dropped sharply, contributing to the index’s worst day since April.
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Daylight Energy secures $75 million to enhance its energy network. The company, founded in 2022, aims to expand its decentralized model, allowing homeowners to generate and share power. The funding will support growth in Illinois and Massachusetts….
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Inconsistent execution is holding back enterprise AI. A new report from AuditBoard reveals most organisations are trapped in cycles of incomplete implementation, struggling to turn early enthusiasm into reliable, governed adoption.
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This week’s M&A activity spanned industrials, logistics, infrastructure, and professional services. From a £1.3 billion carve-out in manufacturing to a landmark logistics portfolio transfer, the UK remained a focal point for global buyers refining strategy, scale, and sector exposure.
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One billion women experience menopause around the world today. The International Menopause Society (IMS) has urged employers to take action ahead of World Menopause Day 2025, calling for stronger workplace awareness, practical support measures, and integration of menopause into global wellbeing and HR strategies.