64 h. ago Amazon shares surge as AI boom fuels cloud growth; Nvidia boss says selling chips in China is Trump’s call – as it happened

Rolling coverage of the latest economic and financial newsSouthern Water has ended its three month hosepipe ban that covered most of Hampshire and the Isle of Wight.The water company, which told its customers that the River Test and River Itchen were at “critically low levels” in July, said it was able to lift the ban after wet weather in September and October.We’re incredibly grateful to our customers for their support and understanding during this challenging time.By working together, we’ve not only saved millions of litres of water each day, but also helped protect our precious chalk streams. Continue reading...

Politics

65 h. ago Amazon shares surge as AI boom fuels cloud growth; Nvidia boss says selling chips in China is Trump’s call – business live

Rolling coverage of the latest economic and financial newsSouthern Water has ended its three month hosepipe ban that covered most of Hampshire and the Isle of Wight.The water company, which told its customers that the River Test and River Itchen were at “critically low levels” in July, said it was able to lift the ban after wet weather in September and October.We’re incredibly grateful to our customers for their support and understanding during this challenging time.By working together, we’ve not only saved millions of litres of water each day, but also helped protect our precious chalk streams. Continue reading...

Politics

3 d. ago FTSE 100 winning streak ends as WPP shares hit lowest level since 2008

Rolling coverage of the latest economic and financial newsOver in Germany, Puma has told investors this morning that it plans to cut more than 900 jobs in a turnaround plan under the new boss Arthur Hoeld.The sportswear brand said it will cut 900 roles by the end of next year as part of a plan to get back to growth by 2027.At the end of July, we stated that 2025 would be a year of reset. Since then, we have taken important steps to clean up Puma’s distribution, improve our cash management and reset our operational expenses. By expanding our cost efficiency programme, we are moving quickly to address challenges and make the business more efficient and resilient.I strongly believe the Puma brand has incredible potential with more than 77 years of history, one of the best product archives in the industry and huge credibility in many major sports. We have identified the areas in which we need to take decisive action and outlined our strategic priorities to become one global sports brand...

Events

4 d. ago Trump says he will cut fentanyl tariff on Chinese goods and expects ‘great deal’ with Xi – business live

Most Asian stock markets rally on trade deal optimism, ahead of expected US interest rate cutAston Martin has slashed £300m from its investment plans after the British sportscar maker reported a bigger than expected loss in the third quarter because of Donald Trump’s tariffs and weak demand in China.The carmaker said on Wednesday that losses before tax were £112m in the third quarter of 2025, a ninefold increase from £12m a year earlier.This year has been marked by significant macroeconomic headwinds, particularly the sustained impact of US tariffs and weak demand in China.Work is under way to review our future product cycle plan with the aim of optimising costs and capital investment while continuing to deliver innovative, class-leading products to meet customer demands and regulatory requirements. Continue reading...

Economics

9 d. ago Wall Street hits record highs after US inflation report fuels interest rate cut hopes – business live

US consumer prices rose by less than expected last month, as markets digest breakdown of trade talks with CanadaUS prices rose at a 3% annual rate in September, slightly beating forecastsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target...

Economics

9 d. ago Business conditions ‘starting to improve’ in UK economy as activity picks up – business live

Rolling coverage of the latest economic and financial newsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target. Continue reading...

Economics

9 d. ago Business condition ‘starting to improve’ in UK economy as activity picks up – business live

Rolling coverage of the latest economic and financial newsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target. Continue reading...

Economics