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A NATS systems failure disrupted hundreds of UK flights today. Airlines and airports faced extensive cancellations and delays after a fault in the air traffic control provider’s flight processing system reduced capacity across the network.
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Computacenter has raised expectations after delivering record first-half trading results. AI and digital infrastructure demand helped lift gross invoiced income to £8.93bn, while the company now expects at least £380m of adjusted profit before tax this year.
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British suppliers are set for £167m of Angolan infrastructure contracts. UK Export Finance is backing £655m of airport, road, and electricity projects designed to create procurement opportunities for companies across the British supply chain.
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Chinese glass containers face provisional UK anti-dumping duties from tomorrow. Rates of 24.65% to 52.97% will apply while the Trade Remedies Authority completes its investigation into alleged dumping and injury to domestic producers.
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Retailers are backing a major expansion of youth employment routes. A government-industry programme includes 11,000 work placements alongside a sector ambition to create up to 100,000 jobs for young people by Parliament’s end.
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Britain is widening sanctions affecting finance, trade, transport, and technology. New Iran restrictions take effect on 29 September, increasing compliance requirements across energy, banking, insurance, shipping, software, investment, and international supply chains.
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Illumina Cambridge has paid £7.44m over identified UK sanctions breaches. HMRC says the case shows companies can breach Russia controls through overseas group supply chains even when sanctioned goods never leave Britain directly.
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Government has set a new statutory path for rail freight. Great British Railways will be expected to support at least 40% growth by 2040, potentially increasing the value of goods moved by rail to £49.5bn.
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Britain sold long-dated debt at its highest recorded yield today. The £4.25bn 2056 gilt attracted £87.2bn of orders, but its 5.8168% yield underlines the higher financing costs now confronting government and capital markets.
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The CMA wants stronger detection tools across public procurement markets. It estimates bid rigging could cost taxpayers between £1bn and £3.5bn annually and is pressing for better collection and analysis of tender data.