UK Consulting Sector to Grow 5.7% Amid Budget Pressures
The UK consulting sector is set to grow 5.7% in 2026, driven by cost management and budget constraints, though down from earlier 9% forecast. AI adoption faces caution.
Category : Business
FCA Eyes New Laws for Claims Firms Causing Consumer Harm
The FCA launches a review of claims management companies and law firms, threatening enforcement and new laws to impose stronger compensation for consumer harm.
Kospi Breaks 7,000 as Samsung Reaches Trillion Dollars
South Korea's Kospi index surged past 7,000 points, driven by semiconductor stocks. Samsung Electronics reached a $1 trillion market cap, becoming the second Asian company to do so.
Franco Manca Closes 9 London Branches: Full List
Franco Manca is shutting down 16 UK branches, including 9 in London. The closures affect Battersea, Brixton, Broadway Market, and more due to high taxes and sustainability issues.
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FCA Halts Halo from Taking New Clients
The UK Financial Conduct Authority has intervened to stop currency broker Halo Financial from accepting new clients, citing regulatory concerns.
UK Flying Taxis Target 2028 with £46.5m Boost
The UK government pledges nearly £50 million to accelerate flying taxis and drones, targeting first regular air taxi services by 2028, aiming to boost the economy by £103bn.
Franco Manca and Real Greek Closures: Full List
Franco Manca closes 16 UK branches, nine in London, and The Real Greek shuts nine restaurants, impacting hundreds of jobs in another blow to high streets.
Hormuz Crisis May Cause UK Job Losses, Minister Says
Work and Pensions Secretary Pat McFadden warns that the Iran war and Strait of Hormuz closure could lead to UK job losses, rising energy and food costs.
Fermi Rejects Ousted CEO's Board Bid
Fermi has rebuffed a bid from its former chief executive Toby Neugebauer to regain control of the board, accusing him of trying to sell the company far below its intrinsic value.
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AMD Stock Surges as AI Chip Demand Drives Quarterly Results
AMD shares jumped 15% after Q1 revenue of $10.3B beat estimates, driven by AI infrastructure demand. Data center revenue surged 57% to $5.8B, and Q2 guidance of $11.2B topped forecasts.
£10 Pints in London: Panic or Premature?
Reports of £10 pints in London spark panic, but average prices remain £5.77. High-end bars charge double digits, while many pubs offer pints under £5.
Oil Prices Fall, FTSE 100 Rises After Trump Halts Hormuz Escort
Oil prices dropped to $106 per barrel and the FTSE 100 rebounded after President Trump paused the military escort operation through the Strait of Hormuz, sparking 'TACO' jokes.
US Renames Iran War as Project Freedom to Unblock Strait
The US has rebranded its military operation in the Gulf as Project Freedom, aiming to rescue 23,000 people and restore navigation through the Strait of Hormuz amid ongoing tensions with Iran.
Kingfisher CEO Quits to Lead Dutch Supermarket Giant
Thierry Garnier, CEO of Kingfisher (B&Q, Screwfix), resigns after nearly seven years to become president and CEO of Ahold Delhaize, a €35bn Dutch-Belgian retail giant.
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Stormzy Backs Padel Social Club with £5.5m Funding
Stormzy doubles down on his investment in Padel Social Club as part of a £5.5m fundraising round to open three new London sites with 17 courts.
Loch Lomond 14 Year Old Whisky Hits Lowest Amazon Price
Loch Lomond 14 Year Old single malt whisky drops to £41.95 on Amazon, its lowest price in a year. Award-winning and aged in American and French oak.
Santander to Drop TSB Brand After 215 Years
Santander will erase the TSB brand from UK high streets after its £2.6bn takeover, ending a 215-year legacy. Cost cuts and job losses loom as integration begins.
Airlines Cut 2M Seats as Jet Fuel Crisis Grounds Travel
Global airlines slash two million seats amid soaring jet fuel prices and Middle East conflict, with UK most exposed to potential rationing, Goldman Sachs warns.
Top Barriers for Brits Starting Businesses: Funding, Confidence, Age
A poll of 2,000 adults reveals lack of funding (60%), confidence, and age are key barriers to starting a business. Many seek advice but are unaware of government support.
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Harvey Launches 500+ Legal Agents and Agent Builder
Harvey announces 500+ use case agents and Agent Builder in early access, enabling legal teams to deploy pre-built or custom agents for sophisticated legal workflows.
Diageo Shares Jump 5% on World Cup Sales Boost
Diageo shares rose 5.2% after reporting 2.3% net sales growth, driven by World Cup advance sales and strong Guinness demand in Europe.
Summer Holidays at Risk: 13,000 Flights Canceled
Heathrow cuts 111 flights as jet-fuel prices soar due to US-Iran conflict. Airlines worldwide cancel 13,000 flights, threatening summer travel plans.
Wetherspoon Warns on Profit as Costs Surge
JD Wetherspoon warns profit may miss expectations due to soaring energy and shipping costs from the Iran war, despite sales growth.
After 105 Countries, Traveler Avoids These 4 Places
Oliver Browne, a high-altitude mountaineer who has visited 105 countries, reveals four destinations he won't revisit: Antigua, Bahrain, New York, and Singapore. He also shares his favorite places worldwide.
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Watchdog: Private Credit Risks Still Elevated
A top global financial watchdog warns that risks in the private credit market are far from over, urging vigilance amid rapid growth and opaque lending practices.
Retailers Urge Government to Cut Costs Amid Energy Crisis
The British Retail Consortium calls on the government to reduce taxes and regulations as soaring energy costs from the Iran war threaten shop inflation and food prices.
FTSE 100 Live: Stocks Jump as Trump Ends 'Project Freedom'
Gilt yields hit 28-year high amid political uncertainty. Trump pauses 'Project Freedom' for Iran peace deal, boosting markets. OBR reveals £23.1bn borrowing need.
Forvis Mazars UK CEO: Our structure is what rivals seek
James Gilbey, UK CEO of Forvis Mazars, says the firm's globally integrated partnership is what competitors are trying to achieve through mergers and investments.
Falling Cooking Oil Prices Keep Supermarket Costs in Check
City AM's survey of three major supermarkets shows minimal price changes in May, with cooking oil dropping 14% and overall inflation near zero, despite concerns of future increases.
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UK Energy Policy 'All Over the Place' Says Ratcliffe
Sir Jim Ratcliffe criticizes UK energy policy as unstable, invests in US with Shell. Ed Miliband's BP windfall tax post deleted. Tories now advocate 'drill, baby, drill'.
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