HSBC chiefs warn the Iran conflict is denting global confidence, as UK bosses from Castore to Virgin Atlantic flag soaring costs, supply chain chaos and inflation risks. Read more: HSBC warns Iran war is shaking global confidence as UK business leaders count the cost
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Morrisons is putting up to 200 Bradford head office roles at risk as the debt-laden supermarket turns to AI and automation to cut costs and streamline operations. Read more: Morrisons to axe up to 200 head office jobs as AI drive accelerates
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Rolls-Royce unveils the £3m all-electric Nightingale, a coach-built hypercar limited to 100 clients, as the Goodwood marque pivots from volume to bespoke luxury. Read more: Rolls-Royce targets collectors with £3m electric Nightingale as coach-building strategy accelerates
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The UK government has unveiled a £30m funding package for video game developers, doubling support for the sector through its Creative Industries Sector Plan and Industrial Strategy. Read more: Government doubles down on gaming with £30m funding package as sector eyes global growth
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Resolution Foundation warns typical working-age household faces 0.6% income decline as oil and gas price rises driven by Iran conflict wipe out energy cap savings. Read more: Rising energy costs from Middle East conflict set to leave UK households £480 worse off this year
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Virgin StartUp has opened applications for Momentum 2.0, its free accelerator programme for dyslexic entrepreneurs, running from May to July 2026 with backing from Virgin Unite and Made By Dyslexia. Read more: Virgin StartUp opens second round of free accelerator for dyslexic entrepreneurs
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British companies are spending less on AI and seeing weaker returns than global leaders, with PwC warning the next 12 months are critical for UK firms to close the gap. Read more: UK firms risk being left behind as AI adoption gap widens, warns PwC
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Entrepreneurs are urging the Treasury to introduce a capital gains tax deferral for founders who reinvest exit proceeds into new UK ventures within 12 months, as lobbying intensifies around repeat entrepreneur relief. Read more: Founders push for ‘repeat entrepreneur relief’ to keep exit capital flowing back into UK start-ups
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OpenAI has signed a lease on an 88,500 sq ft King’s Cross office with capacity for 544 staff, signalling plans to more than double its UK workforce even after scrapping its Tyneside data centre project. Read more: OpenAI doubles down on London with first permanent office despite Stargate U-turn
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British business confidence has plunged to its lowest since the first Covid lockdown as the Iran war drives up energy costs and forces firms to shelve hiring and investment plans. Read more: UK business confidence crashes to Covid-era lows as Iran conflict forces firms into survival mode
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