Octopus Investments plans to cut around 20% of staff as it accelerates AI adoption, highlighting growing disruption across the asset management sector. Read more: Octopus Investments to cut 20% of staff as AI reshapes asset management
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Dyson reports £440m sales decline due to US tariffs and weak demand, but profits rise after cost cuts and continued investment in innovation. Read more: Dyson hit by £440m sales drop as Trump tariffs bite
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UK petrol prices are set to exceed £1.50 per litre as oil costs surge after the Iran conflict, with diesel rising even faster, warns the RAC. Read more: Petrol set to top £1.50 a litre as Iran war drives fuel price surge
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The US has warned Keir Starmer’s plans to align with EU rules could disrupt UK-US trade, raising concerns over future economic ties. Read more: US warns Starmer’s EU reset could strain UK trade ties
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Next will invest £300m in UK warehouses, including a new Yorkshire site, as it targets £2.5bn economic boost and accelerates online growth. Read more: Next to invest £300m in UK logistics as new warehouse set to deliver £2.5bn boost
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Over 2,000 North Sea jobs are set to be saved after HMRC drops its challenge to Petrofac’s restructuring deal, clearing the way for a sale to CB&I. Read more: North Sea jobs safeguarded as HMRC drops challenge to Petrofac rescue deal
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Britain faces a shortage of 44,000 EV-trained mechanics as electric vehicle adoption rises, with independent garages slow to invest in training. Read more: UK faces looming shortage of EV mechanics as transition gathers pace
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Co-op CEO Shirine Khoury-Haq is stepping down after reporting losses, a major cyberattack and allegations of a toxic workplace culture. Read more: Co-op chief executive steps down amid culture concerns and cyberattack fallout
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Barclays is scaling back lending to smaller borrowers after losses linked to private credit firm collapses, shifting focus to larger corporate clients. Read more: Barclays pulls back from small business lending after private credit losses
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Vodafone faces a landmark £85m High Court claim from franchisees alleging mistreatment, with MPs calling for tighter regulation of the UK franchise sector. Read more: Vodafone faces £85m High Court battle as franchise row sparks political scrutiny
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