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Business

  • Lidl leapfrogs Morrisons to become UK’s fifth-biggest supermarket

    May 27, 2026

    Lidl has soared past struggling Morrisons to become the UK’s fifth-biggest supermarket, as its heavy discounting gave the grocer an edge in the fiercely competitive market. The German grocer snatched an 8.6 per cent market share, powered by an 8.8 per cent uplift in sales across the last 12 weeks, according to data by Worldpanel. [...]

  • SpaceX helps Scottish Mortgage Investment Trust take off

    May 27, 2026

    Scottish Mortgage Investment Trust revealed the extent of the success of its early backing for Elon Musk’s SpaceX on Wednesday.  The buy-and-hold investor’s stake in the rocket maker now amounts to about a fifth of the £16bn fund, as revealed in its results for the year to the end of March.  Overall, SMT’s net asset value [...]

  • ‘It’s important we increase spending’: Treasury minister defends triple lock pension

    May 27, 2026

    A Treasury minister has defended the triple lock pension as a sustainable policy despite former Prime Minister Sir Tony Blair attacking the benefit for being unaffordable.  Dan Tomlinson said it was “important we have the triple lock and that we increase spending on pensioners”, doubling down on the controversial manifesto commitment that has been criticised [...]

  • Adnams cuts alcohol content across range in beer overhaul

    May 27, 2026

    Adnams has reported early signs of success in its beer range overhaul after reducing the alcoholic content across a number of products. The Suffolk-based brewer, famed for its 0.5 per cent Ghost Ship low-alcohol beer, took the decision last year to introduce more lower strength beers in a bid to capture consumer demand for lower [...]

  • The West End works as one economy – policy should catch up

    May 27, 2026

    The West End functions as an integrated economy, yet policy continues to govern it in fragments, writes Ros Morgan.

  • Top spook says Russia ‘relentlessly targeting’ UK infrastructure 

    May 27, 2026

    One of Britain’s top spooks is set to warn that Russia is “relentlessly targeting” the country’s critical infrastructure as businesses have been urged to take action on cyber security.  GCHQ director Anne Keast-Butler will deliver a speech on Wednesday where she will warn the public about cyberattacks by Russia and other hostile actors targeting the [...]

  • BP chair Manifold hits back at ‘false’ misconduct claims

    May 27, 2026

    BP’s ousted chair has hit back at the group’s decision to fire him over governance issues, launching a robust defence of his short-lived tenure on the supermajor’s board and rejecting the “false narrative” surrounding his sudden departure. In a move poised to plunge the London-listed energy giant into a full-blown governance crisis, Albert Manifold defended [...]

  • Retailers ramp up pressure on Reeves to scrap tax break for e-commerce rivals

    May 27, 2026

    Retailers have urged Rachel Reeves to “revitalise the high street” by speeding up plans to close a tax break which they say unfairly favours Chinese e-commerce rivals. High street giants like Next, M&S and Primark have urged the Chancellor to impose a £2.60 flat fee on small parcels to rebalance a system which they say [...]

  • Brentford to seek permission for six concerts at stadium

    May 27, 2026

    Premier League side Brentford wants to stage “up to six” concerts each year as clubs look to diversify their revenue streams. The 17,250-capacity G-Tech Community Stadium has been home to the Bees since a move from west London’s iconic Griffin Park in 2020. Now Brentford, who finished ninth in the Premier League this season, are [...]

  • Greencore shares slide as M&S sandwich supplier counts cost of Bakkavor takeover

    May 27, 2026

    Food manufacturer Greencore counted the cost of its mammoth deal with rival Bakkavor as integration expenses plunged the firm to a loss in the first half of the year. The FTSE 250 firm – which is a supplier to countless supermarket giants including Tesco, Sainsbury’s and M&S – was weighed down by upfront costs associated [...]

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