Ofgem gives green light to landmark electric grid upgrade July 1, 2025 The UK’s energy regulator has approved a £24bn investment to upgrade the UK’s energy infrastructure as a part of its green transition. The Office of Gas and Electricity Markets (Ofgem) move comes as the government renews its push for cleaner energy, despite backlash around the impact on prices. Over £15bn is set to be deployed [...]
Gousto ‘never better’ after cutting losses by over £50m July 1, 2025 Gousto has said it’s never been in better shape after cutting its losses by more than £50m in 2024. The recipe kit provider has reported a pre-tax loss of £20.3m for its latest financial year, having chalked up a loss of £75.6m in 2023. That figure came after Gousto lost £157.5m in 2022 and almost [...]
Replacing graduates with AI will hurt businesses in the long run July 1, 2025 Replacing graduate roles with AI does not build a smarter business, it builds a shallow one, writes Paul Armstrong.
Bonuses force Jonathan Ross’ talent agency into the red June 30, 2025 Staff bonuses have forced the talent agency, which looks after the likes of Jonathan Ross, Michael McIntyre and Jo Brand, into the red. Off The Kerb Productions has reported a pre-tax loss of £1.8m for the year to 30 April 2024, having posted a profit of £5.1m in the prior 12 months. The figures have [...]
Warburtons family in the dough after record sales and profit June 30, 2025 The family behind Warburtons almost doubled their dividend after sales and profit at the bakery giant hit new records. The Bolton-headquartered business, which is run by the fifth generation of the Warburton family, issued an interim dividend of £27.2m in the year to 28 September, 2024, it has been revealed. The pay out is up [...]
Why are more CEOs than ever addicted to cocaine? June 26, 2025 Cocaine use is surging among high performing business people, fuelled by the relentless demands of the job and a culture that normalises substance abuse, says Abdullah Boulad Cocaine dependency is surging among CEOs, investors and their children. The traits that propel CEOs to success – intensity, risk-taking, and unrelenting drive – are the same ones [...]
Government accused of ignoring SMEs as firms fight for survival June 26, 2025 Three in five small business owners feel ignored by the government, according to a fresh survey, an increasing amount firms raise the alarm on their fight to stay afloat. Small and medium-sized enterprises (SMEs) are calling on Westminster to take further measures to support businesses after 57 per cent fear for their survival in the [...]
James Reed: UK jobs market is among worst I’ve ever seen June 25, 2025 After 35 consecutive months of decline, the UK jobs market is unlike anything in the past few decades, writes James Reed.
London won’t come close to 88,000 homes a year by 2029 June 24, 2025 London’s housing crisis exists on a spectrum, from the weary resignation of young professionals, first-time buyers and university students – to an acute, impossible state of affairs for those stuck in mouldy homes or unable to pay rent. Few disagree that a housing crisis exists, and few can find good reasons to lament the government’s [...]
Don’t panic: What’s behind markets’ Iran-Israel indifference? June 23, 2025 Commentators have warned that an escalation in the Iran-Israel conflict could set off a chain of events that leads to the outbreak of World War 3. But markets have reacted as if the exchange of air attacks have barely happened at all. Ali Lyon digs into a puzzling few days of equities and oil trading. [...]