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ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statementAnalysis: Shrinking economy an unhelpful backdrop for Reeves’s growth pushBusiness live – latest updatesThe UK economy contracted by 0.1% in Janu…
Swedish firm unable to ‘secure the necessary financial conditions to continue in its current form’Northvolt, the Swedish electric vehicle battery startup, has filed for bankruptcy in Sweden, marking the end of a company once seen as Europe’s best hope …
A high-severity vulnerability (CVE-2025-23363) in the Siemens Teamcenter product lifecycle management (PLM) software could allow an attacker to steal users’ valid session data and gain unauthorized access to the vulnerable application. About CVE-…
British jet engine maker’s underlying operating profits rose 55% to £2.5bn in 2024 as it bounces back from Covid crisisBusiness live – latest updatesRolls-Royce has said it will return £1.5bn to shareholders as the British jet engine manufacturer paid …
Volklec aims to start making batteries at part-government-funded site near Coventry before building its own factoryA startup has said it has learned from Britain’s faltering attempts to manufacture batteries for electric vehicles, as it signed a deal t…
Spending ranges from new AI server factory in Texas to film and TV content and may add 20,000 jobsApple announced Monday it would spend $500bn in US investments in the next four years that would include a giant factory in Texas for artificial intellige…
They say the support for British Steel’s transition to electric replacement is needed to prevent immediate job lossesBritish Steel should get an extra £200m from the government to support it in keeping the UK’s two remaining blast furnaces open until e…
Weapons maker’s full-year pre-tax profits top £3bn and it expects sales of more than £30bn next yearBritain’s biggest weapons manufacturer, BAE Systems, has reported record orders as the European defence industry gears up for increased spending sparked…
From Whitehall to welfare and pay to pensions, here is what Jeremy Hunt is likely to announceThe chancellor, Jeremy Hunt, will set out the government’s plans for tax and spending on Wednesday in his much-anticipated autumn statement. Meanwhile, the Off…
As Scunthorpe faces 2,000 job losses in a move to greener tech, MPs and unions fear for workers and a strategic UK industrySteve Barnes, co-owner of the Lucky Tuppence sweetshop on Scunthorpe’s high street, has experienced the decline of the UK’s steel…