-
Cardiff Capital Region has backed detailed work on tidal power. Up to £6.4m will fund studies into an Aberthaw lagoon that could eventually generate around 600MW and support a substantial South Wales supply chain.
-
LSL has launched a transformation programme targeting £5m annual savings. The property-services group reported higher first-half revenue, profit, and margins while setting out a group-wide efficiency plan.
-
UK card fraud losses rose despite falling identity fraud losses. FICO puts 2025 losses at £594.9m, with card-not-present fraud increasing while identity-fraud losses dropped 12%.
-
Competition regulators seek views on OCS Group’s proposed Mitie acquisition. The CMA has begun pre-notification information gathering on the £3.1bn deal but has not yet launched a formal Phase 1 investigation.
-
Intrepid has closed a $525m fund targeting growth-stage AI companies. The London and Toronto investor is concentrating particularly on the UK-Canada corridor and already holds nine portfolio companies.
-
Frasers faces investor opposition over its finance chief’s bonus award. Proxy advisers have questioned a £100,000 discretionary payment to Chris Wootton for delivering a new financing package.
-
Small businesses report mounting tax compliance burdens in HMRC survey. A record 10,195 respondents highlighted legislative complexity, service-channel frustrations, and rapidly growing use of AI for tax queries.
-
UK grocery sales rose while supermarket unit volumes slipped lower. NIQ says sales increased 1.8% in four weeks to September 5, but volumes declined for the first time since Easter.
-
Retail returns failures are leaving online shoppers without proper refunds. A Which? investigation found inconsistent reimbursement of returned goods and standard delivery charges across several major retailers.
-
Recruitment platform Jack and Jill has raised $40m for expansion. The London-founded business uses separate AI agents for candidates and employers to identify mutually relevant opportunities.