4 d. ago FTSE 100 Live 12 September: Index near record as miners rally, UK economy fails to grow

New GDP figures today showed the UK failed to grow during July, adding to pressure on Chancellor Rachel Reeves.

Events

4 d. ago Britain is ‘a terrible place’ to sell medicines, says drug firm executive

Sanofi’s market access chief urges ministers to come up with a roadmap to raise spending on new treatmentsBusiness live – latest updatesNils Pratley: UK must heed Bell’s big pharma warningA senior pharmaceuticals executive has called on the government to come up with a “proper” roadmap for raising spending on new medicines, saying Britain is “not a good place” to develop or sell drugs.Paul Naish, the UK head of market access for the French company Sanofi, said Britain was “at a critical point”. Continue reading...

Events

4 d. ago FTSE 100 Live 12 September: UK economy fails to grow, index nears record

New GDP figures today showed the UK failed to grow during July, adding to pressure on Chancellor Rachel Reeves.

Events

5 d. ago FTSE 100 Live 11 September: Trainline shares surge, John Lewis loss widens

John Lewis Partnership today posted a half-year loss after highlighting the impact of higher National Insurance costs.

Politics

5 d. ago Sotheby’s losses more than double to $248m as art market slumps

Auction house also takes hit from hefty severance costs, despite its headcount only dropping by 24 employeesLosses at Sotheby’s auction house more than doubled last year, as the company owned by billionaire Patrick Drahi suffered from a continued slump in the art market and high severance costs.Filings from its parent company, Bidfair Luxembourg, showed losses widened significantly to $248m (£184m) over the 12 months to 2024, after losses of $106m a year earlier. Continue reading...

Economics

5 d. ago FTSE 100 Live 11 September: Trainline bolsters guidance, John Lewis posts loss

John Lewis Partnership today posted a half-year loss after highlighting the impact of higher National Insurance costs.

Politics

7 d. ago Ben & Jerry’s founders call for the brand to be ‘freed’ from its owners

Ben Cohen and Jerry Greenfield say it is ‘not the Ben & Jerry’s’ they founded after being ‘silenced’ by Unilever over matters of social justiceThe co-founders of Ben & Jerry’s have called for the ice-cream brand to be made independent and excluded from current owner Unilever’s plans to list its ice-cream business on the stock market.Ben Cohen and Jerry Greenfield say The Magnum Ice Cream Company (TMICC), a new division of Unilever that is set to be separately listed in November and includes the brand founded by the pair in 1978 alongside Magnum, Cornetto and Wall’s, “must free Ben & Jerry’s” in an open letter to prospective investors and the group’s board. Continue reading...

Politics

7 d. ago Treaty business written in London company market up 10%: IUA

Treaty business written in London company market up 10%: IUA  The Insurer

Economics

7 d. ago London company market treaty reinsurance grows 10% in 2024, IUA reports

London company market treaty reinsurance grows 10% in 2024, IUA reports  Reinsurance News

Politics

8 d. ago London treaty business outperforms broader market with 10% growth: IUA

London treaty business outperforms broader market with 10% growth: IUA  Insurance Insider

Economics

8 d. ago Biggest student loan on records nearly £300,000 as 2.6m people owe over £50,000

The highest student loan balance on record was £299,645, according to data obtained by Compare the Market from the Student Loans Company.

Economics

2 w. ago Blow for Elon Musk as Tesla sales fall 40% in Europe despite rise in customers buying EVs

The company continues to lose market share, now selling fewer than 1 per cent of EVs in the region

Economics

3 w. ago Block Elon Musk’s bid to supply UK home energy, Ed Davey urges

Exclusive: Lib Dem leader says giving Tesla a foothold in Britain’s energy market could be national security riskElon Musk’s company, Tesla, should have its application to supply energy to UK homes blocked on national security grounds, Ed Davey has told ministers.The Liberal Democrat leader argued that giving the electric car manufacturer a foothold in the British energy market would be “a gravely concerning move considering Elon Musk’s repeated interference in UK politics”. Continue reading...

Politics