London Tech Week day 4: Why deeptech will define the UK’s economic future June 12, 2025 On day 4 of London Tech Week attention turned to deeptech, writes Russ Shaw In the second half of London Tech Week, the focus shifted from the strengths of London today to the promise of tomorrow. Today I had the pleasure of visiting the Royal Aeronautical Society, which embodies the rich history of British innovation [...]
KPMG: The real AI bottleneck isn’t tech, it’s humans June 12, 2025 The challenge with AI is no longer about whether the tech works, but whether the people and processes around it are ready, claimed business and tech leaders at KPMG’s panel at Viva Tech Paris. “We see the potential”, said Nicole Buttner, chief executive of Melantec and general secretary of Germany’s MPP party. “But it’s like [...]
Council tax spike to pay for Reeves spending plans June 12, 2025 Council tax will rise at the fastest pace in over two decades, fresh analysis has suggested, after a government document said it expected bills to rise to pay for local services. The Institute for Fiscal Studies (IFS) has pointed to government documents published shortly after the Spending Review ended suggesting Brits will have to pay [...]
Week in Business: Is Rachel Reeves About to Drop a Tax Bombshell on the UK Economy? June 12, 2025 Despite talk of growth and renewal, the economic warning lights are flashing, and experts now predict another £20bn tax raid.
London broker upgrades landlord GPE on expected surge in prime office rents June 12, 2025 London broker Peel Hunt has upgraded the target share price for West End property giant Great Portland Estates (GPE) as high demand for best-in-class office space is set to push up prices. GPE’s share price was 342p as of the close on June 11, but Peel Hunt brokers have set a target price of 375p. [...]
UK trade with US falls apart after Trump tariff blitz June 12, 2025 Exports to the US – the country the UK trades with the most with – saw its largest monthly decrease in April since records began, official data has shown. The onset of President Trump’s trade war with some of his closest allies and foes put governments on standby as major forecasters warned the world economy [...]
L’Oréal claims creative jobs are safe despite its new artist AI June 12, 2025 L’Oreal has insisted that human creativity remains essential, despite announcing its new partnership with Nvidia on Wednesday, which will be used to scale up AI-driven production across creative sectors like content creation. At the Viva Tech conference in Paris, the French beauty giant unveiled an expansive plan to roll out Nvidia’s AI enterprise platform across [...]
Our economy remains in a perilous state June 12, 2025 With the long-awaited Spending Review, the UK Chancellor finally gets to reveal the goodies rather than simply be the baddie. But there will be one question lurking behind every line item, behind every pound pledged and every Treasury footnote: how are you going to pay for it?
UK economy shrinks more than expected in blow to Reeves June 12, 2025 The UK economy shrank more than expected in April, official data has shown, suggesting momentum built up in the beginning of this year has already worn away. New figures published by the Office for National Statistics (ONS) showing a 0.3 per cent contraction come off the back of a strong 0.7 per cent growth in [...]
Will Pret a Manger’s IPO be a tasty treat for the City? June 12, 2025 There are few better ways to start the morning than with a bacon sandwich. Outside City AM‘s offices on Cheapside, a coterie of cafes and sandwich shops open at 6am to sate City workers’ cravings for the greasy, umami-rich bap. There is often a line stretching out the door at Greggs, which charges £3 for [...]