Mobico shares crater amid £460m North American school bus sale April 25, 2025 Mobico shares cratered more than 35 per cent on Friday as it announced plans to sell its North American school bus business to the US infrastructure investor, I Squared Capital. The much-anticipated deal is valued at £460m, which is less than analysts had expected. Mobico said it would lead to upfront net proceeds of around [...]
Google maintains search dominance thanks to ads, AI and cloud April 25, 2025 Google’s parent company, Alphabet, reported a blockbuster earnings report on Thursday evening, driven by surging profits and rapid advancements in AI and cloud computing. The Magnificent Seven tech behemoth posted revenue of $90.2bn, a 12 per cent increase year over year. Meanwhile, net income surged 46 per cent to $34.5bn, far exceeding Wall Street expectations. [...]
UK retail sales surge at the fastest rate in four years April 25, 2025 Retail sales unexpectedly rose in March as shoppers were boosted by good weather, according to new data. Retail sales volumes rose by 0.4 per cent in March 2025, following 0.7 per cent rise in February, according to the Office for National Statistics. Quarterly sales volumes rose by 1.6 per cent quarter on quarter and 1.7 [...]
UK’s ageing water network would take 700 years to replace at current rate April 25, 2025 Britain’s ageing water network would take 700 years to replace if work continues at the rate seen since privatisation, according to Whitehall’s spending watchdog. The National Audit Office (NAO) on Friday released an extensive investigation into the performance of the the three water regulators, Ofwat, the Drinking Water Inspectorate and the Environment Agency, and Defra. [...]
Businesses, get back to work! WFH is harming young people April 25, 2025 If you care about young people, get your workers back to the office. WFH is hindering their development, writes Joanna Jensen.
As retail crime soars, is better tech the answer? April 24, 2025 Retail crime has soared by a fifth year-on-year, with retailers now questioning how to deal with extremely high shrinkage amid already-thin margins. Shoplifting offences rose by 20 per cent to 516,971 offences in December, up from 429,873 offences last year, according to the Office for National Statistics. The effect is a whole lot of shrink. [...]
FTSE 100’s winning streak falters as White House ‘clouds’ market sentiment April 24, 2025 The FTSE 100 slid into the red on Thursday putting the index on course to end an eight-day consecutive run of gains. The blue-chip index was down over one per cent in early trading before a late-morning rebound left it broadly flat at midday. London’s blue-chips soared at the beginning of the week as President [...]
Scandal after scandal: What is happening at PwC? April 24, 2025 Over the last few years, PwC has been involved in several scandals. It's now battling to prevent more from happening
Manufacturers accelerate job cuts as firms brace for ‘gloomy’ year April 24, 2025 Manufacturers are shedding staff at the fastest pace in more than four years, according to new data, as they wrestle with soaring energy bills and Chancellor Rachel Reeves’ tax hikes bite. The downturn in manufacturing output slightly eased in the quarter to April, a survey of hundreds of firms by the Confederation of British Industry [...]
FCA vows to slash red tape by 70 per cent for investment firms April 24, 2025 The Financial Conduct Authority (FCA) has laid out new rules as it bows to government pressure to slash the amount of red tape on investment firms. The move, designed to streamline what types of funds investment firms must hold to absorb losses and maintain financial resilience during periods of stress, is expected to reduce the [...]