Luton Airport chair: Green targets for expansion ‘not easy’ to meet July 9, 2025 Strict green targets for Luton Airport’s expansion plans will “not be easy” to meet, its new chair has said, even as he praised the economic importance of the project. Ministers rubber-stamped proposals to ramp up capacity at Luton earlier this year, shortly before backing a massive Universal Studios theme park and resort in nearby Bedford. [...]
Will the Renter’s Rights Bill push up costs for student accommodation? July 9, 2025 The Renter’s Rights Bill is set to introduce huge changes into the UK’s property market. Landlords and tenants alike will see significant upheaval, with fixed-term tenancies abolished, no-fault evictions banned and pets allowed. But how much will all of this affect students? Unite, which is the largest provider of student housing in the UK, reckons [...]
Morrisons taps Google’s Gemini AI to solve the supermarket scavenger hunt July 9, 2025 Morrisons has rolled out a generative AI-powered tool, backed by Google Cloud and Gemini, that helps customers find products in store, part of its ongoing digital revamp and data infrastructure overhaul, City AM can reveal. The feature allows users to type in queries for items, ranging from ‘tahini’ to ‘that tomato puree in a tube’, [...]
Lipton gets warning after ‘misleading’ posts suggest end of Peach Ice Tea July 9, 2025 A string of social media posts from Lipton Ice Tea joking that the brand’s signature drink had been discontinued have been ruled misleading by the Advertising Standards Authority (ASA). In March, the drinks brand claimed that their peach flavour would no longer be available to customers, posting an image of a Lipton can with white [...]
These charts show the scale of the London Stock Exchange’s decline July 9, 2025 In May, one of the London Stock Exchange’s smallest constituents decided to leave. Brighton Pier, which had been listed on the exchange’s AIM market with a £5m market cap, delisted and jumped ship to private securities venue JP Jenkins. “It’s something that had been building up for quite a while for the past several years,” [...]
Brutal bean-counters break the news: we’re utterly broke July 9, 2025 These are difficult times for a news organisation that likes to think of itself as being on the glass-half-full side of life. Optimism is in short supply, and whatever reserves remained after 12 months of this government were snatched away from us yesterday by those bean-counting assassins at the Office for Budget Responsibility. Once a [...]
Labour’s Mansion House will be lift-off or letdown for banks July 9, 2025 Britain’s banking sector will be keeping a close eye on Rachel Reeves’ Mansion House speech on July 15 in which the Chancellor will lay out Labour’s roadmap for financial services. Banks are set to take centre stage in the Treasury’s Financial Services Growth & Competitiveness Strategy as Reeves looks to harness the sector to power [...]
Sir Robert Chote to leave UK Statistics Authority July 8, 2025 Sir Robert Chote has resigned as chairman of the UK Statistics Authority, which oversees official data published by a range of bodies including the Office for National Statistics. The UK Statistics Authority, an arms-length government body, has been involved in scrutinising the ONS’s troubles. Chote, who joined the UK Statistics Authority in 2022, will become [...]
Rachel Reeves to face fresh blow with sluggish growth data July 8, 2025 The UK economy is expected to have grown by a miserly 0.1 per cent in May, consensus among City economists suggests, undermining Chancellor Rachel Reeves’ commitment to deliver higher growth. The government’s difficult two weeks could get a whole lot worse on Friday morning when the Office for National Statistics (ONS) publishes data on GDP [...]
EDF investment hailed as ‘vote of confidence in UK’, despite reduced stake July 8, 2025 The Prime Minister has hailed investment by French energy giant EDF in the Sizewell C nuclear plant as “a vote of confidence in the UK as an investment destination”, though the company appears to be taking a reduced stake in the major project. The French state-owned electricity company said it had agreed in principle to [...]