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Amazon expanded its UK renewable portfolio with Shetland wind power. A new agreement with Statkraft covers 36MW from the planned Mossy Hill wind farm near Lerwick, which is expected to begin operating in 2030.
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eEnergy is seeking fresh capital after working-capital pressures intensified sharply. The AIM-listed energy-services group wants at least £4m after delayed receipts affected supplier payments and installations, prompting a temporary suspension in share trading.
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Spire’s private revenues grew while NHS activity weakened significantly again. First-half adjusted EBITDA fell 16% to £112.4m as a 14.3% decline in NHS hospital revenue offset growth in insurance, self-pay and primary care.
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Expanded Iran sanctions now cover wider UK commercial activities directly. New restrictions apply across energy, maritime trade, metals, oil, petrochemicals, software, technology and associated financial services, requiring businesses to reassess transactions and supply-chain exposure.
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Arco enters private equity ownership after H.I.G. completes acquisition today. The Hull-headquartered safety specialist will retain its management team as new capital supports expansion across workplace safety, training and protective equipment markets.
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Sellafield selected a venture for its £2.1bn nuclear framework programme. The preferred supplier will support spent-fuel management and asset care through engineering, procurement, plant modification, commissioning, dismantling and specialist technology.
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UK venture funds matched US long-term returns in new analysis. British Business Bank data puts pooled TVPI at 1.78x for 2002–2021 vintages, although UK funds still trail their US counterparts on realised cash distributions.
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ElevenLabs doubled its valuation through a major employee share sale. A $300m secondary tender valued the London-based voice-AI company at $22bn, twice the level attached to its February financing as enterprise adoption expands.
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Deloitte UK profits rose despite a difficult consulting environment overall. Revenue increased 2% to £5.81bn, while distributable profit climbed 14% and Technology & Transformation revenue grew 4% amid demand for enterprise systems, cyber and AI.
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Greggs plans manufacturing consolidation that could affect 740 UK jobs. The bakery chain expects £60m of cash costs from the programme, followed by annual pre-tax operating savings of about £20m from 2028 and 2029.