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Yorkshire Water chief Nicola Shaw to step down after downgrade
Nicola Shaw, who has led Yorkshire Water since 2022, will leave her role in January after the company was downgraded.
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Google’s Value Falls by $500bn as AI Search Raises Ad Concerns
Google shares fell to a six-month low after the company said AI-generated search summaries were affecting advertising revenue, unsettling investors on...
Business
DoorDash to acquire Instacart in $17bn deal
DoorDash is set to acquire Instacart in a deal valued at $17bn, with the companies saying the transaction would expand the number of stores available...
Business
Poundland files notice indicating possible move towards administration
Poundland’s bosses have filed a notice of intention to appoint administrators, placing the future of the discount retailer in doubt as it faces the po...
Business
Microsoft reports $36.6bn profit as it offers buyouts to 60,000 workers
Microsoft has reported a profit of $36.6bn while offering buyouts to about 60,000 employees, equivalent to one in four workers, as it seeks to reduce...
Business
Chinese brands drop Kylian Mbappé amid backlash over alleged Mao joke
Several major Chinese brands have dropped Kylian Mbappé following criticism of an alleged joke referencing Mao Zedong. The available information does...
Business
Anthropic prospectus reveals previously undisclosed company information
Anthropic has published a 355-page prospectus for its initial public offering, containing information about the company that had not previously been d...
Business
Anthropic outlines plans for a landmark stock market debut
Anthropic has announced details of a planned stock market listing, positioning the company as the first dedicated artificial intelligence business to...
Business
Chancellor plans regulatory changes to save businesses up to £800m
The Government says proposed changes to regulations will remove unnecessary bureaucracy and could save businesses as much as £800m.
Business
Meta fined $25bn over claims concerning user-data privacy
Meta, the owner of Facebook, has reportedly been fined $25bn in a case involving alleged misrepresentations about user-data privacy. The penalty is de...
Business
Musk says Tesla-SpaceX merger could bring major gains
Elon Musk has said there is “a lot to be gained” from merging Tesla and SpaceX, a deal that would be the biggest merger in history if completed.
Business
Tesla and SpaceX committees consider possible merger
Special committees have been formed at Tesla and SpaceX to examine a possible merger, with Elon Musk describing the proposal as a good idea.
Business
BBC announces closure of BBC Three, BBC Scotland and Radio 4 Extra
The BBC has announced plans to close BBC Three, BBC Scotland and Radio 4 Extra as broadcast channels. Katie Razzall said the closures made business se...
Business
Paddy Power cuts 1,400 jobs after betting tax rises
Paddy Power is cutting 1,400 jobs and has attributed the decision to higher taxes on online casino and sports betting introduced by the Government in...
Business
Job vacancies fall as small firms reduce recruitment
Small businesses are cutting back on recruitment, contributing to a fall in job vacancies. The Office for National Statistics says labour costs are a...
Business
EU tariffs aimed at China are affecting Ukraine, steel boss says
The head of a major Ukrainian steel company says Ukraine has been caught up in EU measures intended to curb cheap Chinese imports.
Business
Finance and business leaders confront uncertainty at IMF meeting in Bangkok
Finance and business leaders gathered in Bangkok this week for an IMF meeting, where uncertainty was a central issue in discussions among the world’s...
Business
Twice-homeless multimillionaire tops UK Black Power List
A multimillionaire who experienced homelessness twice has topped a UK Black Power List after beginning a career in a call centre when a bid to become...