Category: News

Shein’s UK sales jumped 32% to £2bn in 2024, boosting profits by 57% and cementing its place as the sixth-largest clothing retailer — but looming tax changes could threaten its low-price edge.

FCA sacks 12 staff over misconduct as regulator moves to tighten industry rules

Aviva chief Amanda Blanc says the insurer will stick to its climate transition goals amid political pushback, citing rising extreme weather risks to insurability. Profits rose 22% to £1bn in H1 2025.

The NFU has called for talks with the chancellor after new analysis suggested Labour’s inheritance tax changes may hit family farms harder than wealthy landowners, risking food security.

Former Liverpool and England winger John Barnes faces another bankruptcy petition after HMRC claims over £776,000 in unpaid taxes linked to his liquidated media company.

Sushovan Hussain, former Autonomy finance chief jailed in the US for fraud, has founded Liberatus to help ex-offenders re-enter the workforce and cut reoffending rates.

Outgoing Balfour Beatty CEO Leo Quinn says scrapping the non-dom regime has driven away wealthy investors and hurt infrastructure funding, urging Rachel Reeves to reconsider.

A Commons transport committee says free bus travel for under-22s and rural funding weightings are needed to reverse long-term declines in England’s bus services.

Virgin Trains has signed a deal with Alstom for 12 Avelia Stream trains as it seeks to launch high-speed services from London to Paris, Brussels and Amsterdam by 2030.

Sara Davies has boosted her shareholding in Crafter’s Companion, the crafting firm she founded, as Maven Capital Partners acquires a majority stake following a turnaround.

Chancellor Rachel Reeves appoints Sir Charlie Mayfield, Edward Twiddy and Jenny Scott to the Treasury board, but SME leaders say small business representation is missing.

Rachel Reeves is considering tightening inheritance tax gifting rules and raising capital gains tax rates to address a £40bn deficit ahead of the autumn budget.

ONS data shows UK job vacancies fell 5.8% between May and July, the 37th consecutive drop, as pay growth slows and employers cut recruitment across most industries.

The Government has put electric vehicles and batteries at the sharp end of its Modern Industrial Strategy, targeting more than 1.3 million cars and commercial vehicles a year by 2035 and a home‑grown supply chain from raw materials to recycling.

Barclays says UK card spending rose 1.4% in July as Oasis concerts, summer wardrobe refreshes, and the ‘lipstick effect’ boosted sales despite stubborn inflation.