Food inflation set to surge next year as Iran war ramps up supply costs Retail Food inflation could top six per cent next year as rising fuel prices triggered by the war in Iran ramp up supply chain costs, a top food industry body has warned. The Food and Drink Federation (FDF), which represents the UK’s food manufacturers, has urged the government to help the industry keep its costs down, [...]
Jaguar Land Rover confirms plans to cut thousands of jobs Business Jaguar Land Rover has confirmed plans to cut thousands of jobs as it looks to slash around £1.7bn from its cost base over the next two years. The Midlands-based carmaker said it needed to “simplify” its structure as it presses ahead with the next phase of its strategy. The company’s bosses told staff on Monday [...]
Manufacturing growth loses momentum as economic risks loom Industrials The manufacturing sector suffered a slowdown in growth over August as smaller firms struggled to clinch new orders. S&P Global researchers suggested growth in the manufacturing sector eased in August as the purchasing managers’ index (PMI) reading dropped from 51.9 in July to 51.7. The reading remains above the neutral 50 mark, indicating that activity [...]
UK economy’s rebound fails to stem two years of mass job losses August 21, 2026 A rebound in the UK economy over August has failed to turn around the country’s flagging labour market after nearly two years of job losses, new estimates have shown. Data tracked by S&P Global suggested the UK’s private sector grew at the fastest pace in four months in August despite concerns around business costs and [...]
London AI car firm records surge in revenue on demand for driver-tracking software August 11, 2026 Car tech firm Seeing Machines has accelerated into profitability after new European safety legislation triggered a surge in demand for its driver-tracking software. The AIM-listed group, which builds camera and AI software that tracks drivers’ eyes and heads in real time, reported a 45 per cent jump in revenue to $76.3m, up from $52.8m the [...]
Manufacturers overcome gloomy economy as output surge continues August 3, 2026 Manufacturers have overcome a gloomy economic outlook across the country as businesses boosted production to levels not seen in almost two years, new data has revealed. According to S&P Global’s monthly survey of output across manufacturers, business activity continued to increase in what was the ninth consecutive month of growth in the sector. The purchasing [...]
Triumph for Tesla as top court rules 5G licensing case should be heard in UK July 27, 2026 The UK’s highest court has given the green light for Tesla to revive a lawsuit over 5G licensing in its electric cars, after the case was previously dismissed by a panel of judges three years ago. Elon Musk’s carmaker, one of the largest global manufacturers of electric vehicles, sued Avanci, a Texan company that supplies [...]
UK economy grows despite Iran war hit July 16, 2026 The UK economy grew marginally in May after strong performance in parts of the services sector helped soften the impact of Iran war and narrowly prevented a contraction. Fresh figures from the Office for National Statistics (ONS) have revealed the economy grew 0.1 per cent in May, broadly in line with market expectations. The services [...]
UK economy tipped to stall as Iran war chokes growth July 12, 2026 The UK’s economy is expected to stall another month as the Iran war continues to choke growth and some industries face slowing output. Gross domestic product (GDP) is expected to have slipped again by 0.1 per cent in May, according to some economists. The UK’s growth update, delivered by the Office for National Statistics (ONS) [...]
Stockpiling helps manufacturing sector power through Iran war blows July 1, 2026 The manufacturing sector has powered through the turmoil brought by the Iran war as output grew at the fastest pace in 21 months, according to a business survey. S&P Global researchers said that output growth accelerated as firms rushed to stockpile goods ahead of further expected trade turmoil in the Middle East. The overall purchasing [...]