Spire Healthcare overhauls board amid £1bn private takeover September 6, 2026 The chief executive and chair of Spire Healthcare have stepped away amid a £1bn takeover of the London-listed private hospital group. Veteran boss Justin Ash has said he will retire from the group as it “enters a new phase with strong foundations” under its new ownership by a consortium of investors. Spire’s board have agreed [...]
Andrew Bailey: Populism a threat to global economy September 4, 2026 The groundswell of populist politics threatens to undermine central banks’ independence and hamper their ability to protect the long-term interests of the global economy, Andrew Bailey has warned. In a speech in London, the Bank of England governor accused populist parties of trying to exert increasing levels of influence over monetary authorities the world over, [...]
KBRA Assigns Preliminary Ratings to Driver UK Multi-Compartment S.A., Compartment Driver UK twelve September 4, 2026 KBRA UK (KBRA) assigns preliminary ratings to two classes of notes issued by Driver UK Multi-Compartment S.A., acting for and on behalf of its Compartment Driver UK twelve (Driver UK 12), a United Kingdom auto loan receivables ABS transaction. Credit enhancement on the notes is comprised of overcollateralisation, subordination, a cash reserve account and excess [...]
Lloyd’s boss warns of ‘man-made catastrophes’ as Iran war hits insurance industry September 4, 2026 Squeezed by inflation and rising geopolitical tensions, the historic insurance market Lloyd’s of London suffered a hit to its profit in the first half of the year. Nowhere was this impact more acute than in its marine business, which faced severe pressure at the height of the US war with Iran. Over the past six [...]
Retailers call for ‘lifeline’ from Healey as cooler weather fails to boost footfall September 4, 2026 Britain’s retailers have called for a “lifeline” from the Chancellor John Healey after footfall fell again in August despite cooler temperatures. Total footfall in the UK fell by 1.7 per cent year on year last month, according to data from the British Retail Consortium (BRC). Though shopping traffic fell at a slower rate than July’s [...]
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Bank of England’s Pill warns against ‘wait and see’ interest rates approach September 3, 2026 The Bank of England’s chief economist has warned that a “wait and see approach” to setting interest rates amid the ongoing Iran war could unleash a fresh wave of inflation that the central bank will find hard to contain if left unchecked. Huw Pill, who has long been one of the most hawkish rate-setters on [...]
Smarsh Scales Salesforce’s Agentforce After Delivering Strong Customer Support Results September 3, 2026 Smarsh's AI agent, Archie, hits a 72% self-service deflection rate; its internal workflow agent, Emmy, is saving support representatives more than 7 hours per case
John Lewis boss: UK economy facing a ‘permacrisis’ September 3, 2026 The boss of John Lewis has warned that the UK economy is locked in a “permacrisis” as he urged the government not to hike business rates on large retailers. Peter Ruis, the outgoing managing director of the retail giant, said that British businesses are facing a “permacrisis externally [which] isn’t going to go away”. Last [...]
Services sector cuts jobs for nearly two years under cost pressures September 3, 2026 Employment in the UK’s services sector dropped for the 23rd consecutive month in August as businesses maintained hiring freezes and trimmed headcounts following cost pressures. S&P’s latest Purchasing Managers Index (PMI) for the services industry – which is closely monitored by economists – revealed the sector has continued its longest continuous stretch of workforce reductions [...]