‘Cost of business crisis’ as government drives up overheads by 70 per cent in a decade August 11, 2026 British companies are facing a “cost of business crisis” as a string of controversial government policies have pushed up an average firm’s expenses by 70 per cent in a decade, one of the country’s largest industry bodies has found. A typical-mid-sized firm is now paying roughly £827,000 more a year than they were in 2016 [...]
Top economists shun Burnham over wealth taxes August 10, 2026 Economic heavyweights who were reported to be advising Andy Burnham have opted not to join his government due to disagreements over potential wealth taxes, it has been reported. Lord Jim O’Neill, the former Goldman Sachs executive, is in ongoing talks with Burnham over a potential role, City AM reported last week. Fresh reports have suggested [...]
Lepas L8: China’s New SUV Means Business August 10, 2026 Is the UK’s SUV market ready for another Chinese challenger? Motoring journalist Tim Barnes-Clay takes a closer look at the new Lepas. Lepas, another new marque from automotive giant Chery – the company behind Omoda and Jaecoo – is positioning the L8 plug-in hybrid (PHEV) as a premium SUV that combines handsome styling, generous technology [...]
Anthony Hamilton’s cars – including a special jaguar – just sold for £2.9m, here’s why August 10, 2026 Anthony Hamilton’s classic car collection sold for almost £2.9 million at Silverstone, led by a record-breaking Jaguar XJ220. Here’s what the results tell us about today’s classic car market. Lewis Hamilton’s father has waved goodbye to a sizeable slice of his private garage, and I have to say, I wasn’t expecting it to make quite [...]
Cavendish taps top adviser to fend off foreign takeover interest August 10, 2026 Cavendish has drafted in advisers from a top corporate consultancy to help it fend off low-ball takeover bids amid a wave of consolidation in Britain’s financial services sector. Top brass at the boutique investment bank enlisted the help of specialists at Teneo last year, City AM can reveal, who conducted a valuation exercise to “support [...]
Vistry shares slide after Allianz ‘cuts insurance cover’ August 10, 2026 Shares in Vistry fell on Monday morning after speculation over its insurance cover prompted fresh fears that the housebuilder is facing cash struggles. The FTSE 250 housebuilder saw its stock slide by nearly eight per cent to 261p in early trading, meaning the firm has shed more than half of its market value in the [...]
Burnham facing calls to cut employment red tape as job seekers grow for 41 months August 10, 2026 The government is facing calls to strip red tape around employment after the pool of people looking for jobs in the UK grew for a 41st consecutive month. The number of people on the hunt for work has now grown for nearly three and a half years while the number of available jobs has declined [...]
Back to basics: Sainsbury’s gradual retreat from the British high street August 8, 2026 Sainsbury’s deal to sell its catalogue retailer Argos marks the latest step in the grocer’s years-long retreat from a high street conglomerate back to its core food business. The FTSE 100 supermarket giant holds a 15 per cent market share of grocery stores, second only to Tesco. But the firm once had a sprawling business [...]
Allianz Delivers Record Result and Is Well on Track to Achieve Its Targets August 7, 2026 2Q 2026 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260806509750/en/ Total business volume at 45.6 billion euros, an internal growth of 5.7 percent1, with contributions from all segments. Asset Management delivers excellent growth. Operating profit rises 10.6 percent to a record level of 4.9 billion euros. Shareholders’ core net income at 2.6 [...]
AM Best Upgrades Fortegra Insurance Subsidiaries to A (Excellent) August 6, 2026 Rating actions follow completion of the DB Insurance acquisition