Profits boost for UK defence firms as governments increase spending
Rolls-Royce and BAE Systems raised profit forecasts as governments worldwide increase defence spending, citing NATO commitments and strategic weapons development opportunities.
Bank of England holds interest rates at 3.75% as inflation fears mount
The Bank of England maintained interest rates at 3.75% while cautioning that escalating Middle East conflict could push inflation above 4% next year, straining household finances.
The threat to summer holidays looming with jet fuel shortages
Jet fuel prices have surged over 120% since Middle Eastern conflict disrupted supplies, threatening flight cancellations and higher ticket prices heading into peak summer travel season across Europe.
Audi continues U.S. product push with three-row Q9 SUV
Audi unveiled its full-size Q9 three-row SUV on Tuesday, marking the brand’s latest effort to strengthen its struggling U.S. market presence alongside recently introduced Q3 and Q7 models.
Matcha and protein pivot pays off for Greggs as profits rise
Greggs reported a 20% rise in profit for the first half of the year, driven by new product launches including high-protein salads and matcha drinks that appeal to health-conscious consumers.
The Chinese robot army transforming the UK’s retail industry
Chinese robotics firm Geek+ is expanding its autonomous mobile robot deployments across major UK retailers including Tesco, Asda, and Next to automate warehouse operations.