Recession fears as insolvencies creep up amid construction woes November 18, 2025 The number of insolvencies crept up in October, official data has shown, amid further pressures on the construction industry and worries that Budget measures may sound the death knell for struggling companies. Data released by the Insolvency Service showed a 1.7 per cent month-on-month rise in insolvencies. On a year-on-year basis, official numbers show insolvencies [...]
Yoti revenue surges amid boost from Online Safety Act rules November 18, 2025 Yoti has seen a surge in revenue as the identity verification business was boosted by fresh rules introduced under the Online Safety Act. The London-based business posted a 55 per cent rise in turnover to £20.3m for the year to end March, according to accounts filed with Companies House. “Regulatory issues are central to the [...]
Klarna shares fall as banking transformation triggers wider losses November 18, 2025 Swedish fintech unicorn Klarna recorded steeper losses in the third-quarter as costs related to the firm’s transition to becoming a fully-fledged bank offset record revenue. The buy now, pay later firm – which has set its sights on becoming a digital bank – recorded a loss of $95m (£72m) for the three months ending 30 [...]
MI5 warned Whitehall China uses LinkedIn to spy on MPs November 18, 2025 MPs have been warned that China-linked agents are using LinkedIn and professional headhunters to target people working in parliament, triggering the most serious espionage alert issued to Westminster this year. Commons speaker Sir Lindsay Hoyle and Lords speaker Lord McFall circulated an MI5 warning on Tuesday, informing parliamentarians that Chinese state operatives were “relentless” in [...]
Cloudflare outage takes X, ChatGPT and other major sites offline November 18, 2025 A major Cloudflare outage has triggered a global internet disruption, knocking offline some of the world’s most heavily used websites. The likes of X, ChatGPT, Canva and major online services have gone dark, in what has quickly become one of the largest internet failures of the year. The issue began on Tuesday morning and escalated [...]
Brain drain latest: Brits quitting UK three times faster than thought November 18, 2025 Fears that the UK is in the grips of a ‘brain drain’ escalated on Tuesday after fresh data revealed that than three times as many British nationals left the UK last year than officials previously thought. According to revisions made by the Office for National Statistics (ONS), 257,000 Britons left the UK in 2024, over [...]
JP Jenkins secures Pisces licence as ‘discussions ongoing’ with rivals November 18, 2025 JP Jenkins has become the latest securities venue to secure a Pisces operator licence by the UK’s financial regulator as competition heats up to attract businesses to the new private market. The approval makes JP Jenkins the second company to have received a licence from the Financial Conduct Authority (FCA) after London Stock Exchange operator [...]
Reeves’ Budget tax rumours threaten UK tech November 18, 2025 The UK’s tech sector is facing a critical moment ahead of the Autumn Budget. Rumoured caps on salary sacrifice pensions, alongside potential property and wealth taxes, threaten to hit the very talent and investment needed to drive growth in the sector. At the same time, the country faces a widening tech skills gap, leaving businesses [...]
Lloyd’s of London CFO leaves role with Prem Rugby club Saracens November 18, 2025 Lloyd’s of London’s chief financial officer Alexandra Cliff has left her role as director of Prem Rugby club Saracens after less than a year. The former Direct Line Group, StarStone, and AJ Gallagher figure was appointed as a director of Saracens on 25 November last year following the departure of former chief executive Mark Thompson [...]
Housebuilding around train stations to be given default green light November 18, 2025 Planning proposals for homes around train stations will be given an automatic green light in the latest Government drive to speed up housebuilding. Housebuilders will be encouraged to build more homes within a 15-minute walk of transport links, and councils in England will also now be required to tell the government when they intend to [...]