Financial services contributed a tenth of UK economic output in 2025 June 3, 2026 The financial services sector contributed over a tenth of the UK’s economic output in the last year as the industry’s productivity outpaced average momentum. The industry provided a £290bn boost to the UK’s real GDP – a macroeconomic measure that adjusts the value of economic output for inflation – in 2025 marking around 11 per [...]
Global trade remains ‘alive and well’ despite tariffs and war, says DHL boss June 3, 2026 From conflict in the Middle East to shifting tariffs and rising concern over Britain’s supply chain resilience, businesses are facing an increasingly unpredictable trading environment. But according to DHL Supply Chain chief executive Hendrik Venter, global trade is adapting rather than retreating. For anyone responsible for moving goods around the world, the past few years [...]
China’s Chery poised to strike deal with Nissan to build cars at Sunderland plant June 3, 2026 Chery is on the cusp of building its first manufacturing presence in the UK in the latest sign of Chinese carmakers gaining a major foothold in Britain’s electric vehicle market. The Omoda and Jaecoo owner, which is the third largest carmaker in China, has unveiled a non-binding memorandum of understanding (MoU) with Nissan to explore [...]
Debenhams shares boom as long-awaited turnaround bears fruit June 3, 2026 Debenhams shares soared after the fast-fashion retailer returned to growth, in a suggestion that the firm’s long-awaited turnaround is beginning to take hold. The firm, which is listed on the AIM market as Boohoo, said on Wednesday that its sales were up by 0.5 in the first three months of this year, prompting its shares [...]
Epsom Derby set for mega crowd as fans flock to The Hill June 3, 2026 The attendance at this weekend’s Epsom Derby will be nearly double last year’s haul as brighter weather and entertainment evolution draws back crowds. Attendances at the staple flat race have not been above 30,000 since 2022 and haven’t topped 40,000 since 2017 but the Jockey Club is expecting to surpass that number this weekend as [...]
MCC confident England Lord’s Test will sell out June 3, 2026 The MCC is confident that England’s first Test match of the summer, starting tomorrow at Lord’s against New Zealand, will be a sell-out despite some seats still being available yesterday. England face the Black Caps looking to rediscover their form after a humiliating winter Ashes series in Australia. They could do so in front of [...]
Google hit with UK-first AI crackdown over publisher content June 3, 2026 Google will be forced to give publishers greater control over how their content is used in AI-generated search results after the Competition and Markets Authority (CMA) unveiled what it described as a “world-first” intervention aimed at re-balancing power between Big Tech and content creators. The move comes as publishers increasingly complain that Google’s AI Overviews [...]
Billionaire Labour backer John Caudwell: I was misled by ‘disastrous’ Starmer June 3, 2026 Billionaire John Caudwell has said he was “misled” by Keir Starmer’s Labour Party and revealed that he hopes to once again back the Tories at the next election. The entrepreneur and philanthropist said there is “no chance” of him voting Labour at the next election, which he says the government is bound to lose. Labour [...]
UK in line for fresh US tariff hit as Trump proposes ‘forced labour’ levy June 3, 2026 Donald Trump has proposed a fresh round of tariffs that would hit numerous nations including the UK as the President seeks to rebuild his sweeping wall of levies that were struck down by the Supreme Court. The US is exploring a tariff of at least ten per cent on imports from up to 60 trading [...]
The AI Summit London turns 10 as businesses move past the AI hype cycle June 3, 2026 A decade ago, AI conferences were still largely populated by researchers and a relatively small group of technologists trying to convince businesses the technology would eventually matter. But this year’s AI Summit London arrives in a very different climate. The event, which returns to Tobacco Dock on 10 and 11 June as part of London [...]