Money Moves

Kevin Parry, chair of Nationwide Building Society, has come under scrutiny after attending an event hosted by the Reform UK party, marking him as the first significant figure from a British lending institution to publicly engage with the party. The breakfast gathering took place earlier this week and aimed to familiarize businesses with Reform’s policies. […]

According to an analysis by the Common Wealth thinktank, a significant portion of the average energy bill in the UK, approximately 24.2%, was allocated to corporate profits in 2024. This report is part of a broader study, the Who Owns Britain project, which highlights the financial implications of the privatisation of essential industries in the

Microsoft recently announced a significant investment of $30 billion (£22 billion) in the UK, marking what the company’s president, Brad Smith, described as the largest commitment under their current partnership. This investment will be spread over four years and encompasses not only infrastructure for artificial intelligence (AI) but also the company’s operational activities across the

Jensen Huang, CEO of Nvidia, expressed disappointment over reports that China has instructed its leading technology companies to cease purchasing the company’s artificial intelligence (AI) chips. Despite this setback, Huang stated that he would remain “patient” in response to the actions taken by China’s internet regulator. He noted, “There are a lot of places we

Workers in the Jaguar Land Rover (JLR) supply chain have been advised by the Unite union to apply for universal credit due to layoffs resulting from a recent cyber attack on the company. This incident has led to reduced or zero pay for many employees as production halts and IT networks remain shut down. Unite

British pharmaceutical company GSK has announced plans to invest $30 billion (£22 billion) in research and manufacturing in the United States over the next five years. This initiative was revealed at the start of a visit by former US President Donald Trump to the UK. According to GSK, the funds are intended to support the

Jerry Greenfield, co-founder of Ben & Jerry’s, has departed from the ice cream company after nearly 50 years, amid an ongoing dispute with its parent company, Unilever. In a letter circulated by fellow co-founder Ben Cohen, Greenfield expressed concerns that the brand has lost its independence following Unilever’s decision to curtail its social activism initiatives.

Inflation in the UK remained steady at 3.8% in the year leading up to August, according to official statistics. This rate matches that of July, with a notable increase in food prices contributing to the overall inflation figure. Specifically, costs for cheese, fish, and vegetables saw significant rises, while some other expenses, such as airfares,

Brad Lee, the manager of The Nippy Chippy in Stonehouse, Gloucestershire, has implemented an AI answering service to streamline order-taking as a cost-saving measure. Rising fish prices, increased living costs, and higher wages and National Insurance contributions prompted this decision. By using AI, Lee aims to eliminate the need for a dedicated employee for phone

This year, a Bedford-based charity, The Harpur Trust, has increased the financial support available to local university students due to the rising cost of living. The charity’s University Bursary Scheme now awards £4,500 to 16 students, marking a £1,000 increase from previous years. Eshe Powell, a former recipient studying at the University of the West