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UK economy

  • Half time: London market lags as rivals across the Atlantic hit fresh highs

    July 1, 2026

    London’s main stock market index ended the first half of 2026 within touching distance of a record high set earlier in the year, but remained off the pace set by its rival in New York. The FTSE 100’s positive-but-relatively-limited run for the period summed up a feeling of measured optimism. While it made overall gains, [...]

  • Brewdog chief executive quits after only one year

    July 1, 2026

    The boss of Brewdog has stepped down barely more than a year after taking up the role in the latest twist in the long-running saga over the management of the beleaguered beer business. James Taylor, who took up the role of chief executive at the beginning of last year and who oversaw the takeover of [...]

  • House prices stay flat in June as Iran war fallout continues to weaken the market

    July 1, 2026

    UK house prices were flat in June as the conflict in the Middle East and looming political uncertainty continue to subdue consumer confidence. The average price fell £540 in June, hitting £277,484. This was a slight drop from £278,024 the prior month where prices fell 0.6 per cent, according to the latest Nationwide house price [...]

  • The Debate: Should delivery robots be allowed on pavements?

    July 1, 2026

    Are delivery robots a sign of progress or a threat to pedestrians? We hear both cases in this week's Debate.

  • Businesses confidence slumps as Burnham prepares for power

    July 1, 2026

    Ministers must prioritise delivery over “changes in the machinery of government” if business confidence is to recover, one of Britain’s top lobby groups has said, in a warning to Andy Burnham as he prepares to shake-up Whitehall and shift power to the North of England. In its monthly business confidence survey, the Institute of Directors [...]

  • Nscale and ElevenLabs power £41bn AI boom as Britain cements unicorn crown

    July 1, 2026

    Britain’s AI sector has more than tripled in value in just a year, with fast-growing firms including Nscale and ElevenLabs now worth a combined £41bn as the UK strengthens its position as Europe’s leading startup hub. New research from the Hurun UK Unicorn Index shows the country’s nine AI unicorns have surged to a combined [...]

  • City launches new Digital ID framework against AI fraud

    June 30, 2026

    Canada Corporation has unveiled plans for a new digital identity framework it claims could unlock more than £5bn for the UK economy, as policymakers and the financial sector race to tackle increasingly sophisticated AI-enabled fraud. A blueprint published on Tuesday proposes a “Digital Verification Orchestrator”, or DVO – a system set to [...]

  • Lloyds accused of debanking left-wing media outlet The Canary

    June 30, 2026

    Lloyds Banking Group has been accused of debanking the left-wing news website The Canary in a move that has left the media outlet with “barely any funds”. The bank was slammed by the media firm on Tuesday for allegedly “withholding a substantial amount of our money” and debanking them after nearly a decade of use. [...]

  • ‘Ultrasound cakes’ help fuel sales surge at London-listed Cake Box

    June 30, 2026

    A surge in demand for ‘ultrasound cake’ has helped drive record sales at one of the UK’s biggest bakeries. Cake Box, which operates hundreds of stores across the UK, posted a 9.3 per cent rise in organic turnover to £45.9m for the year to end March as the firm set its sights on opening dozens [...]

  • UK fintech Monovate posts £8.3m loss as Visa and Mastercard partner dumps European arm

    June 30, 2026

    A key fintech partner of Mastercard and Visa suffered a hit to its bottom line as the business restructured its European operations and counted the costs of a major accounting error.  Monovate – which acts as a licensed middle man bridging businesses and payment giants – made a loss of £8.3m in 2025, which was [...]

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