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MPs say utility regulators are failing financially vulnerable customers today. The Public Accounts Committee wants better data sharing, wider social-tariff take-up, and coordinated support as energy and water debt reaches £7.2bn.
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Ørsted has secured favourable guidance in a decade-long tax dispute. An arbitration opinion supports UK taxation of profits linked to Walney Extension and Hornsea 1 and could influence several related offshore wind cases.
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Anthropic chief Dario Amodei wants stronger independent oversight of AI. His three-stage proposal would embed third-party evaluators inside frontier developers before extending safety coordination across the industry and between governments.
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Britain’s first mainline battery-electric train fleet will support manufacturing jobs. Alstom will build 29 trains in Derby under contracts worth more than €1.2bn, with thousands of UK supply chain roles linked to the programme.
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UK economic output grew by 0.4% during July this year. Services, production, and construction all expanded during the month, although the wider three-month picture remains heavily dependent on growth in services.
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Andy Burnham will host major business leaders at Downing Street. Executives and entrepreneurs will discuss investment, infrastructure, innovation, and devolution as the government develops its growth programme ahead of major fiscal decisions.
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Revolut has confirmed customer data was disclosed through fraudulent requests. The fintech says its systems and customer funds were unaffected, but personal information and identity documents were exposed after requests arrived through a legitimate government-agency email domain.
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Oakley Capital Investments grew NAV despite weak listed-share performance overall. The portfolio returned 6% in the first half while shareholder returns fell 16%, keeping the investment company’s market discount firmly on the board agenda.
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VINCI Energies crossed takeover threshold for Germany’s All for One. The group has secured 83.56% of shares ahead of the tender deadline for its €67.50-a-share cash offer.
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A £350m chemicals resilience fund has entered UK subsidy review. The proposed scheme could cover half of eligible capital costs for producers supplying critical infrastructure and strategically important industrial supply chains.