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      Bailey warns AI may not ‘live up’ to market hype

      Andrew Bailey, Governor of the Bank of England, in a suit and tie, looking thoughtful during a press conference.

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    • Featured

      After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom

      Nvidia CEO Jensen Huang, a man with gray hair and glasses, wearing a black leather jacket, looking upwards.

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Business

  • Could our daughters close the growing gender pension gap?

    December 3, 2025

    The gender pension gap is growing. Could our digital-savvy daughters close it, asks Scottish Widows pensions expert Jill Henderson.

  • Hotels ‘fighting to maintain profits’ as costs rise

    December 3, 2025

    Britain’s hotels are struggling with rising costs despite increasing demand, according to the latest data. Profits were flat for UK hotels between September and October at just over 38 per cent, and fell slightly from 43.3 per cent to 43.1 per cent in London, according to the RSM hotels tracker. This was despite a rise [...]

  • Rugby league club Salford Red Devils liquidated after 150 years

    December 3, 2025

    Super League club Salford Red Devils have been liquidated, ending the club’s 152-year existence, amid debts of £4m. The club was wound up at a hearing at the Insolvency and Companies Court of the Royal Court of Justice in London on Wednesday morning after four adjournments at previous hearings. Salford Red Devils were taken over [...]

  • Smiths Group strikes deal to offload detection business for £2bn

    December 3, 2025

    London listed Smiths Group is set to offload another of its businesses, as it works to streamline its operations after bowing to increasing investor pressure. The FTSE 100 company has agreed to sell its Smiths Detection division to private equity firm CVC Capital Partners in a £2bn deal. The business manufactures threat detection technology, including [...]

  • Businesses shed staff at ‘fastest rate since February’

    December 3, 2025

    Businesses laid off staff at the fastest rate in nine months as growth in the UK economy suffered a “renewed slowdown”, new data has indicated.  S&P Global’s purchasing managers’ index (PMI) for November suggested growth marginally changed over the month, with researchers pointing the finger at pre-Budget speculation keeping bosses on edge.  The composite PMI [...]

  • Weight-loss drugs ‘fundamentally changing’ the way Brits eat

    December 3, 2025

    The rise of weight-loss drugs is starting to affect supermarket sales, with experts warning that the sector is unprepared for the change this Christmas. More than one in ten Brits is set to host someone on GLP-1 medication this year, prompting less alcohol and fewer sweets on the menu. “There is a worry that Christmas [...]

  • The Debate: Should you get drunk at the Christmas work party?

    December 3, 2025

    Should you get drunk at the Christmas work party? It's a question as old as time. We get the case for and against in this week's Debate.

  • Toyota warns of ‘challenging road ahead’ after profit falls £100m

    December 3, 2025

    The UK manufacturing arm of Toyota has warned “the road ahead may be challenging” after its profit slumped by more than £100m during its latest financial year. The division of the Japanese giant said the “uncertainties of the automotive industry and infrastructure to support vehicle type” were the main factors behind its pessimism. However, Toyota [...]

  • Powervault: London Mayor-backed Tesla battery rival collapses

    December 3, 2025

    Battery storage firm Powervault, which had been tipped to become the UK rival to Tesla, has collapsed into administration, City AM can reveal. The London-based company, which had been backed by the Mayor of London’s Greater London Investment Fund as well as the British Business Bank, has appointed administrators Menzies to oversee its wind-down, according [...]

  • FCA chief ducks committing to investigating Treasury briefings

    December 3, 2025

    The boss of the City watchdog appeared to skirt committing to investigating Treasury briefings when pressed on the Labour government’s “possible market abuse” on Wednesday morning. Nikhil Rathi, chief executive of the Financial Conduct Authority, has been lobbied by the Conservatives and other opponents to the Labour government to look into the rogue briefings on [...]

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