US banking giant reveals massive Russia exit cost
Citigroup expects a loss of over $1 billion from the sale of its remaining business in the country Citigroup will post a big loss from the sale of its remaining…
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Men have lost their work ethic, says Trump’s former commerce secretary
American men have lost their work ethic and increasingly feel entitled to a comfortable life without applying themselves, according to Wilbur Ross, who served throughout Donald Trump’s first term. Ross,…
A third of UK businesses plan AI investment in 2026 as confidence ticks up
A third of British businesses are planning to invest in artificial intelligence in 2026 as firms sharpen their focus on productivity, skills and technology in an increasingly competitive market. Research…
£10m in late payments recovered for small firms by Small Business Commissioner
Small businesses across the UK have recovered £10 million in late and overdue payments with the help of the Office of the Small Business Commissioner, marking a major milestone in…
UK electricity demand rises for second year running as EVs, heat pumps and AI drive surge
Britain’s electricity demand has risen for the second year in a row after two decades of decline, marking a decisive turning point as electric vehicles, heat pumps and AI data…
Top UK business honourees of the past decade
Over the past ten years, the New Year and Birthday Honours have increasingly reflected the changing shape of British business, from scale-up founders and fintech pioneers to industrial leaders and…
UK business leaders and innovators honoured in 2026 New Year honours list
The 2026 New Year Honours List has highlighted a broad cross-section of UK business leaders, rewarding contributions from high-growth sectors, corporate stewardship, entrepreneurship and efforts to widen business opportunity and…
Octopus Energy to spin out Kraken in $8.65bn valuation deal
Octopus Energy Group is preparing to spin out its technology arm Kraken in a landmark deal that values the business at $8.65 billion, following a $1 billion standalone investment round.…
Workplace sickness scheme branded ‘teaspoon solution’ as experts warn government plan lacks scale
A new government scheme aimed at tackling long-term workplace sickness has been dismissed by business leaders and advisers as woefully inadequate, with critics warning it amounts to “emptying the ocean…
‘Made in Britain’ body challenges Reform UK over alleged unauthorised logo use
The manufacturing trade body Made in Britain has raised concerns over the alleged unauthorised use of a logo closely resembling its own by Reform UK. In a statement, Made in…