Barclays profit up 31% to £3.3bn as TUC demands 35% bank surcharge
Barclays reported second-quarter profits of £3.3bn on Tuesday, up 31 per cent, as the TUC called for the bank surcharge to rise to as much as 35 per cent.
business_news
Mocean Energy raises £5m to put AI data centres out to sea
Mocean Energy is raising £5m to build floating offshore data centres powered by wave and solar energy, with a first pilot targeted for 2028.
Apple briefly tops $5trn as tech stocks recover from sell-off
Apple briefly passed a $5 trillion valuation on Tuesday, joining Nvidia, as big technology stocks recovered from a sell-off driven by AI and China fears.
GSK to move R&D to Cambridge in £400m UK investment
GSK will invest £400m to move its R&D centre from Stevenage to a new Cambridge site by 2029, alongside £1.9bn of annual cost savings and net job losses.
Almost half of UK firms plan to raise investment, Lloyds finds
UK business investment: 47 per cent of firms plan to raise spending over the next year, Lloyds research finds, with technology and AI the main target.
Chinese chip giant defies US pressure with 466% debut surge
CXMT’s shares surged 466% in Asia’s biggest IPO of 2026, despite years of US export curbs Read Full Article at RT.com
Porsche to cut another 5,000 jobs in Germany
Its parent company, Volkswagen, is considering slashing up to 100,000 jobs as Berlin’s energy policies deepen an industrial slump Read Full Article at RT.com
HP drops bid to remove manager of Mike Lynch’s £500m estate
HP has dropped its bid to remove Jeremy Sandelson as manager of Mike Lynch's £500m estate, agreeing he stays if the family wins permission to appeal.
EU lifts sanctions on luxury Russian export
The EU has lifted sanctions on Russian sable pelts after pressure from heavily dependent member states, Euractiv has reported Read Full Article at RT.com
Blick Rothenberg: US tariffs make UK more appealing to Japanese firms
US tariffs on Japan, set at 12.5%, may make the UK a more attractive investment base, says Blick Rothenberg, as Japan's June exports rose 19.3 per cent.