Trending Business News
China to pump $54bn into state banks and insurers to boost economy
China is injecting 360 billion yuan ($53.6 billion) into eight state-owned banks and insurance companies to strengthen its financial system and support its slowing economy.
UK’s biggest private hospital firm Spire agrees £1bn takeover by hedge fund
Spire Healthcare, Britain’s largest private hospital operator, has agreed to a £1bn takeover by Toscafund Asset Management in a 250p-per-share deal.
Faisal Islam: Why bond market wildfire is keeping world leaders up at night
Bond markets are experiencing widespread volatility as countries face multi-decade high interest rates, driven by Middle East tensions, major tech company borrowing for AI infrastructure, and questions about government fiscal credibility.
Ford’s production of highly profitable Super Duty trucks hits 20-year high as it recovers from supplier fires
Ford’s Super Duty truck production reached a 20-year high in August as supply chain recovery progresses following supplier fires that disrupted output over the past year.
B&Q and Five Guys among firms which paid staff below minimum wage
Over 600 UK employers, including B&Q and Five Guys, were named for underpaying staff below minimum wage requirements, with £4m returned to workers and £7m in penalties issued.
Heathrow expansion ‘a risk we cannot afford to take’, says mayor
London’s mayor formally opposes Heathrow’s proposed third runway, citing threats to climate targets and transport networks. He argues the expansion plan relies on outdated evidence incompatible with net zero goals.
Housebuilder Crest Nicholson warns of annual loss in ‘subdued’ property market
British housebuilder Crest Nicholson has warned of an unexpected annual loss, citing subdued market conditions and reduced home completion forecasts as sales demand weakens.
Fuel duty proposal withdrawn in Jersey after discussions
A Jersey deputy withdrew her proposal to cut fuel duty by 10p per litre for three months after productive talks with the Treasury Minister produced an alternative approach.
No bailouts for Jaguar Land Rover amid reports of thousands of job cuts, says minister
Jaguar Land Rover plans up to 4,000 job cuts as the UK’s largest carmaker faces sales pressures, while the government signals no financial bailout will be provided.
UK house prices rise for first time since April, says Nationwide
UK house prices rose 0.2% in August to £275,465, marking the first monthly increase since April, as the market awaits a Bank of England interest rate decision.
Global bond sell-off intensifies as US-Iran tensions stoke inflation fears
Global bond sell-offs have intensified amid US-Iran tensions and inflation concerns, pushing UK government borrowing costs to their highest level since mid-2008 ahead of the upcoming budget.
Ford’s production of highly profitable Super Duty trucks hits 20-year high as it recovers from supplier fires
Ford’s Super Duty truck production reached a 20-year high in August after recovering from aluminum supplier fires that disrupted manufacturing over the past year.
Uber announces 3,000 job cuts as part of major restructure
Uber is eliminating over 3,000 jobs globally, approximately 10% of its workforce, as part of a restructuring aimed at reducing management layers and refocusing resources on core operations.
DNB: Netherlands bank moves billions in gold to London in ‘crisis preparedness’ move
The Dutch central bank relocated 86 tonnes of gold from North America to London between March and August, citing increased geopolitical unrest and the need to strengthen crisis preparedness.
B&Q and Five Guys among firms which paid staff below minimum wage
More than 600 UK businesses have been named by the government for paying staff below minimum wage. B&Q and Five Guys are among firms ordered to repay £4m in outstanding wages and face £7m in penalties.
What it’s like to ride in Uber’s new self-driving taxis in London
Uber launched the UK’s first robotaxis in London with 15 autonomous vehicles, each with a safety driver present. The service operates at standard UberX fares, though fully driverless operations remain unlikely until 2027.
Who is Alejandro Betancourt, the colourful oil baron behind US-Venezuela oil deal?
The US has granted control of 17 Venezuelan oil fields to North American Blue Energy Partners, headed by oil baron Alejandro Betancourt López, a 46-year-old businessman with a contested track record and multiple international investigations.
Heathrow expansion ‘a risk we cannot afford to take’, says mayor
London’s mayor formally opposes Heathrow’s third runway expansion, citing threats to environmental targets and transport networks, while the airport argues it represents a major economic growth opportunity for the UK.
Housebuilder Crest Nicholson warns of annual loss in ‘subdued’ property market
British housebuilder Crest Nicholson warned of an annual operating loss of approximately £10m, citing a subdued property market with reduced sales rates and affordability constraints.
Free travel pilot scheme for young people approved
Sheffield approved a free bus and tram travel pilot for ages 5-18, running from February 2027 through September 2027 at an estimated cost of £7.6 million.
The £5 coffee that tells a story of global economic turmoil
Coffee prices have surged globally, with UK cafes now routinely charging £4-5 per cup due to commodity inflation, climate disruptions, and trade tariffs affecting major producing nations.
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