PPE Medpro liquidation leaves UK government unlikely to recover £148m
Business & Markets • 6 days ago
Baroness Michelle Mone-linked supplier placed into liquidation after High Court ruling found defective PPE; DHSC and HMRC face limited recovery
Business And Markets News
UK car production falls in November as commercial-vehicle output plunges amid EU policy shift
Business & Markets • 6 days ago
SMMT data show 14.3% month-over-month drop; cars down 1.7% year over year while vans and trucks slump 78%; EU policy change adds uncertainty for UK manufacturers
BoE cuts interest rate to 3.75% as mortgage costs ease and savers brace for lower returns
Business & Markets • 6 days ago
Bank of England lowers base rate to 3.75% in a closely watched vote, highlighting the divergence between mortgage affordability and savings income.
First-time buyers drive home sales to three-year high in 2025, Zoopla predicts 2026 rebound
Business & Markets • 6 days ago
First-time buyers propelled 2025 transactions to a three-year high as mortgage rates eased; Zoopla forecasts a stronger start to 2026 but gradual price growth.
iRobot files for bankruptcy; Chinese supplier to acquire Roomba maker under pre-packaged Chapter 11
Business & Markets • 6 days ago
Shenzhen-based Picea Robotics to take ownership in a pre-packaged deal as tariffs and lower-priced rivals squeeze the U.S. vacuum maker.
Mövenpick to Open UK Hotel, Bring Daily Chocolate Hour to Hampshire
Business & Markets • 6 days ago
Swiss hospitality brand to take over Old Thorns Hotel & Resort, planning a late-2027 debut in the UK with a focus on culinary experiences and premium facilities.
November existing-home sales rise modestly, but prices set November high amid tight supply
Business & Markets • 6 days ago
Sales rose 0.5% from October to 4.13 million in annual pace; median price climbs to a November record as inventory remains lean.
UK banks set to gain flexibility on contactless limits as FCA signals wider options
Business & Markets • 6 days ago
Regulator to allow firms to raise or remove the £100 cap on single contactless payments from March 2026, with encouragement to let customers tailor limits while prioritizing security.
Japan's BOJ raises rates to 30-year high as inflation bites
Business & Markets • 6 days ago
Policy move to around 0.75% signals a historic shift after decades of ultra-low rates, as inflation remains above target and borrowing costs for government rise.