SSE cuts investment and warns it won’t meet 2030 net zero goal May 21, 2025 SSE, one of the UK’s biggest energy companies has said it is unlikely to meet its 2030 renewable goal in the latest blow to the government’s net zero plans. SSE said it decided to cut capital investment by as much as £3bn over the next five years, citing macroeconomic uncertainty and planning obstacles. The Perth-based [...]
Angela Rayner pushes for tax hikes on savers, in split with Reeves May 21, 2025 Angela Rayner reportedly pushed for a £4bn tax raid on wealthier Brits in the lead up to the Spring Statement, in signs of a senior Cabinet level split on economic policy. According to a leaked note reportedly seen by The Telegraph, the Deputy Prime Minister lobbied the Chancellor to introduce billions of pounds of taxes [...]
Europa League final: Why winning competition is worth £120m May 21, 2025 Tonight in Bilbao, Manchester United and Tottenham Hotspur will be hoping to salvage their season by winning the Europa League final. The two teams are currently 16th and 17th in the Premier League, a far cry from the top-five finish required for a place in next season’s Champions League. However, winning the Europa League would [...]
Hercules PLC: Powering Britain’s infrastructure ambitions May 21, 2025 The UK stands on the cusp of an unprecedented infrastructure revolution. With governmental commitments indicating significant investment (plans previously cited at £700bn-£750bn), the nation is poised to transform its transport networks, energy systems, and digital infrastructure. This undertaking will not only require capital but also a large, skilled workforce that can adapt to the nation’s [...]
Currys: Shares dip despite interest rates helping sales at retailer May 21, 2025 Electrical retailer Currys has reported a jump in profit after sales jumped thanks in part to a boost from lower interest costs. In a trading update on Wednesday, the firm said it expects pre-tax profit to come in at £162m, up 37 per cent year-on-year. Previous guidance had indicated profit for the period ending May [...]
Red Bull diluted: Energy drink giant reduces stake in Leeds United May 21, 2025 Red Bull’s stake in Leeds United has reduced to below 10 per cent after the German energy drinks company declined the opportunity to invest in the issue of £120m of new shares ahead of the club’s return to the Premier League. The new funding has been provided by members of the 100-strong consortium of investors [...]
UK SMEs could ‘unlock £78bn’ by using AI May 21, 2025 The UK’s small and medium enterprises (SMEs) could unlock up to £78bn for the economy over the next decade through greater adoption of generative AI. Despite the transformative potential of AI tools like ChatGPT, Copilot, and other large language models (LLMs), uptake among SMEs remains limited. Less than one in five small businesses are currently [...]
Outernet CEO: Art more than data has powered our success May 21, 2025 Tech and data are exciting for the world of art, but they mean nothing without the human touch, writes Outernet CEO Philip O'Ferrall.
Charles Tyrwhitt to move London office HQ as profits climb May 21, 2025 British menswear brand Charles Tyrwhitt is set to relocate its head office from London Bridge to Bankside in a drive to occupy higher-quality, more sustainable space. Charles Tyrwhitt will relocate its 240-strong head office team to The Forge on Bankside, a few minutes walk from the Tate Modern. Alongside Charles Tyrwhitt, new occupiers include advanced [...]
The Debate: Should we use ChatGPT in the classroom? May 21, 2025 Labour had pledged to put the UK at the forefront a revolution in AI and edtech, but should we really be using ChatGPT in the classroom?