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Boeing plans to cut 5% of its commercial airplane workforce as production increases move slower than anticipated, with layoff notifications beginning in December.
Regional finance hubs outside London, including Bournemouth’s banking center employing over 5,000 workers, now face significant job losses as banks automate roles through artificial intelligence.
A London-based naval drone maker founded by Ukrainians reached a £4.5bn valuation after raising over £500m, including £113m from the UK government’s national wealth fund.
Scout Motors reports 212,000 reservations for its upcoming Terra pickup truck and Traveler SUV as a $2 billion South Carolina plant nears completion, with full production expected to begin next year.
Metro Bank has announced it is open to bids, potentially allowing Colombian billionaire investor Jaime Gilinski Bacal to secure a £420m windfall from his stake acquired during a 2023 rescue.
The UK economy grew 0.7% in the third quarter, defying forecasts, with AI-driven investment and household spending providing momentum. However, analysts warn resilience may fade as energy bills rise and technology investment uncertainty looms.
