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The Institute for Fiscal Studies warned Chancellor John Healey that his budget will appear unrealistic unless he addresses £35bn in spending pressures from higher inflation and military commitments.
HMV will close its Oxford Street flagship store in March 2027, three years after reopening, citing a proposed doubling of rent and renovation costs affecting over 50 staff.
Stellantis and Renault have urged EU officials to include the UK in proposed protectionist car industry rules while also pressing Britain to restrict Chinese vehicle imports.
Skydance CEO David Ellison announced the combined entity formed by merging Paramount and Warner Bros. Discovery will be named Skydance, trading under ticker ‘SKYD’ upon closing next week.
Harvey Nichols’ Birmingham store will close in January following Frasers Group’s acquisition, resulting in at least 60 job losses as the parent company restructures its UK locations.
Goldman Sachs executives are set to share a bonus pool worth up to $500m this year, with CEO David Solomon receiving approximately $100m, marking one of the largest payouts in the bank’s history.
