Where do interest rates go from here?
Let’s start with the simple bit: interest rates have been cut – down by another quarter percentage point to 4.5%. But what happens next? Not… Read More »Where do interest rates go from here?
‘Godfather’ of AI warns arms race risks amplifying dangers of ‘superhuman’ systems
An arms race for artificial intelligence (AI) supremacy, triggered by recent panic over Chinese chatbot DeepSeek, risks amplifying the existential dangers of superintelligence, according to… Read More »‘Godfather’ of AI warns arms race risks amplifying dangers of ‘superhuman’ systems
Billionaire Ratcliffe plots sale of Ineos Hygienics arm
Sir Jim Ratcliffe is hoisting a ‘for sale’ sign over the business he set up during the COVID-19 crisis to distribute hand sanitisers to medical… Read More »Billionaire Ratcliffe plots sale of Ineos Hygienics arm
Investment giant KKR advances plan for Thames Water rescue bid
KKR, one of the world’s biggest private equity investors, is advancing plans to play a crucial role in a rescue of Britain’s biggest water supplier.… Read More »Investment giant KKR advances plan for Thames Water rescue bid
Barclays says IT glitch that locked people out of their accounts has been resolved
Barclays says an IT glitch that left some customers locked out of their accounts has been resolved after the disruption entered a third day. The… Read More »Barclays says IT glitch that locked people out of their accounts has been resolved
NatWest finalises £450m bonus pot as return to private ownership looms
NatWest Group is finalising plans to pay out close to £450m in bonuses for last year as it prepares for a return to full private ownership… Read More »NatWest finalises £450m bonus pot as return to private ownership looms
TPG and Pinewood owner Aermont eye self-storage group Access
A pack of bidders are circling Access Self Storage, a privately held network of sites which has been put up for sale for more than… Read More »TPG and Pinewood owner Aermont eye self-storage group Access
Insurance unicorn Marshmallow finalises fundraising at £1.5bn valuation
Marshmallow, the British insurance unicorn, is close to finalising a new capital injection valuing it at more than £1.5bn, despite the difficult funding environment facing… Read More »Insurance unicorn Marshmallow finalises fundraising at £1.5bn valuation
Post Office unveils new wave of cuts to fuel transformation plan
The Post Office has unveiled plans for scores more job cuts as part of a transformation plan aimed at boosting payouts for thousands of sub-postmasters.… Read More »Post Office unveils new wave of cuts to fuel transformation plan
Ovo Energy buys brand from founder as capital-raise looms
Ovo Energy, Britain’s fourth-biggest household energy supplier, has struck a £150m deal to acquire its brand from the company’s founder as part of a reorganisation… Read More »Ovo Energy buys brand from founder as capital-raise looms