Raspberry Pi shares rally despite profit drop in first annual results since IPO April 2, 2025 Raspberry Pi shares soared as the tech firm posted its hotly-anticipated annual results – the first since its IPO last year. The FTSE 250 company recorded a 57 per cent fall in pre-tax profit to just $16.3m (£12.6m) in 2024, driven by inventory issues. Despite this, shares rallied as much as 10 per cent in [...]
Russians eye up London mansions – but what might they come back to? April 2, 2025 The UK government is sitting on around £1.1bn of sanctioned London housing stock from Russians accused of corruption or Kremlin links. Many Russians have withdrawn from new purchases in the capital due to the difficulty of getting a mortgage. There are still Russians who own property, and live, in London, but – and this is [...]
Wage growth falling for low-paid workers despite minimum wage hike April 2, 2025 Wage increases among low-paid workers are at their lowest level in three years, according to the jobs website Indeed, as economists fear high inflation will erode incomes. Business secretary Jonathan Reynolds said on Tuesday that an increase to the national minimum wage would mean that low-paid workers could help drive growth across the UK. But [...]
Are we all just winging it, all the time? April 2, 2025 There aren’t many decade-old Guardian articles that still resonate with me, but I can recall (and often revisit) a 2014 column by Oliver Burkeman. He was writing in response to the latest example of institutional failure that week (something to do with the bungled sacking of the New York Times editor) and he was able [...]
Reeves should be honest: income tax is going up April 2, 2025 Income tax threshold freezes are a de facto tax rise but the revenue won’t be fully realised until the end of the parliament. She should adjust rates now while there’s still time to improve public services before the next election? And fix distortive cliff edges while she’s at it, says Will Cooling Rachel Reeves has [...]
Tech funds plummet in March while gold soars April 1, 2025 Technology funds plummeted ten per cent in March as UK investors dumped risk assets as fears started to grow about US president Donald Trump’s handling of the American economy. Tech funds were the worst performing UK investment fund category in the month, followed closely by North American small company funds (nine per cent drop) and [...]
Explainer: What could a UK-US trade deal look like? April 1, 2025 US President Donald Trump is expected to impose new tariffs on imports from countries around the world this week, with the UK set to be affected by the global tax changes. No10 has confirmed the government is “actively preparing for all eventualities” ahead of Trump’s announcement on April 2, and that we “expect the UK [...]
Five key business travel trends in 2025 and beyond April 1, 2025 Just three years ago, the future of business travel hung in the balance. Office spaces were being relinquished, metaverse technologies promised a life of WFA (Work From Anywhere), and the threat of another Covid wave loitered on the horizon. But a new “Business Travel Trends 2025” report co-authored by the trend forecasting agency Globetrender and Amadeus [...]
Probe launched into ONS governance and data quality April 1, 2025 The government has launched an independent investigation into the UK’s beleaguered statistics watchdog to ascertain how its official data and surveys have become so unreliable. The remit of the probe – commissioned by the Cabinet Office and UK Statistics Authority (UKSA) – will span the Office for National Statistics’ (ONS) culture, leadership and structure, and [...]
Drones, AI, space: where to invest amid defence tech boom April 1, 2025 The world is rearming at a dizzying pace. Global defence spending has surged at an annual rate of 4.2 per cent since 2020 – that’s four times faster than pre-pandemic levels, according to the Stockholm International Peace Research Institute. By 2030, that figure is expected to hit $3.4tr, reflecting rising geopolitical tensions and the race [...]