US and China resume tariff talks after Trump hails ‘great progress’ May 11, 2025 The US and China have resumed crucial tariff talks that have put the global economy on edge, with each side appearing to have diverging views of where the negotiations presently stand. President Donald Trump wrote on social media that “great progress” is being made and even suggested a “total reset” is a possibility as the [...]
Investors pin hopes on Burberry’s recovery amid China and US trade upheaval May 11, 2025 Investors are hoping Burberry can restore confidence in its turnaround efforts, as the brand weathers major trade disruption in China and the US and an under-pressure luxury market.
Elton John, Dua Lipa and Sir Ian McKellen among superstars urging Starmer to stop AI copyright threat May 10, 2025 Leading figures in the UK’s creative industry including Elton John, Dua Lipa, Paul McCartney and Sir Ian McKellen have urged the Prime Minister to strengthen copyright protections in the age of AI. Coldplay, Robbie Williams and Kate Bush are also among the more than 400 signatories of an open letter to Sir Keir Starmer, which [...]
Kwik Fit founder Sir Tom Farmer dies aged 84, family says May 10, 2025 Scottish entrepreneur Sir Tom Farmer has died at the age of 84, his family has announced. Sir Tom, who founded the garage chain Kwik Fit, was also a former director of MyTravel Group and Scottish Power, died at his Edinburgh home on Friday. He owned a majority stake in Hibernian Football Club for 28 years, [...]
Work to recover Mike Lynch’s sunken superyacht paused after diver’s death May 10, 2025 Work to recover tech tycoon Mike Lynch’s sunken superyacht in Sicily has paused after a diver died. The man, believed to be a diver for Dutch firm SMIT Salvage, died during underwater work on Friday and an investigation will look into what happened. The vessel Bayesian was due to be raised from the seabed within [...]
Rachel Reeves plans ISA review May 10, 2025 Chancellor Rachel Reeves is planning to launch a review of the ISA market in the coming weeks amid City calls to cap the amount that can be held tax-free in cash. The Treasury will kick-off a consultation to get a feel for views across the City of London on how to reform the ISA regime, [...]
Monzo brings in bankers to advise on £6bn float May 10, 2025 Monzo is close to hiring investment bankers to spearhead a blockbuster public listing valued at more than £6bn. The digital challenger bank is working with the Wall Street bank Morgan Stanley on a series of meetings with would-be investors ahead of an IPO that could take place early next year, according to Sky News. Sources [...]
Greater Anglia to be nationalised in October May 10, 2025 Greater Anglia is set to be nationalised later this year, it has been confirmed. The rail operator, which runs services to the East of England and into London, said it would be brought into public ownership on October 12. Martin Beable, Greater Anglia’s managing director, said management “remain focused” on delivering services ahead of the [...]
Historically sunny spring to set UK retailers up for a bumper quarter May 10, 2025 The UK’s sunniest spring on record has encouraged Brits into brick and mortar stores in a much-needed boost for Britain’s struggling retailers. Britain experienced its sunniest April ever in 2025, while Wales, Scotland, and Northern Ireland each recorded their second sunniest. The effect has been to loosen wallets and “encourage shoppers to head out to [...]
US-UK trade announcement: “this isn’t a deal, it’s an amuse-bouche” May 9, 2025 The morning after the US-UK trade agreement was announced, experts are beginning to wrap their heads around what the deal entails, and reactions are trickling in. The overriding sense is that in the absence of any granular detail on what the deal means for several industries, there is still hope that the UK government can [...]
