Money Moves

British television personality Jamie Laing, co-founder of the vegan sweets brand Candy Kittens, is poised to acquire snack company Graze in a deal involving his parent company and the multinational packaged goods corporation Unilever. The agreement, which also includes German company Katjes International, is expected to conclude in the first half of 2026, although the […]

Richard Hughes, the outgoing chair of the Office for Budget Responsibility (OBR), has resigned, prompting scrutiny over his replacement. The Chancellor now faces the task of appointing a credible economist to lead the OBR, a decision expected to impact market perceptions and potentially government borrowing costs. Hughes’s resignation has been linked to the tension surrounding

Quest One, a company based near Hamburg, Germany, is focused on the production of electrolysers that split water into hydrogen and oxygen using proton exchange membranes. Despite its advanced robotic assembly process, which enhances efficiency and speed, the facility currently faces a surplus of production capacity relative to its order volume. This has resulted in

Research conducted by the charity Surviving Economic Abuse (SEA) indicates that nearly 4 million children in the UK are affected by economic abuse within their families. This form of abuse often involves a current or former partner controlling the family’s finances, which can hinder access to essential resources for both mothers and their children. Data

Zipcar, a leading car-sharing company owned by Avis Budget, announced it will cease operations in the UK at the end of this year, impacting its shared fleet access across London. The company has halted new bookings through its app from January 1, 2025, while consulting with its 71 employees about potential redundancies. The decision comes

Car-sharing service Zipcar has announced plans to cease operations in the UK by the end of the year. The company, which is based in the United States and owned by Avis Budget, informed customers that it will temporarily suspend new bookings after December 31, pending the results of a consultation with its 71 employees. James

The United Kingdom and the United States have finalized a deal to maintain zero tariffs on UK pharmaceuticals exported to the US for the next three years. This agreement allows the NHS to pay more for medications while securing the tariff protection. Notably, it marks the first increase in NHS medicine costs in over two

Plans to restrict passenger access on a peak morning train service between Manchester and London have been reversed by the Office of Rail and Road (ORR). Initially, the ORR announced that the 07:00 GMT Avanti West Coast service from Manchester Piccadilly to London Euston would operate without passengers starting mid-December, citing potential negative impacts on

Police investigations into the Post Office Horizon IT scandal are now considering corporate manslaughter charges. The National Police Chiefs’ Council (NPCC) recently updated victims of the ongoing inquiry, indicating that the focus has narrowed to eight suspects, with five interviews conducted under caution. Currently, there are 53 individuals identified as persons of interest, with many

The Office for Budget Responsibility (OBR) has identified an early publication of a significant Budget document as the most serious failure in its 15-year history, attributing the incident to an inadvertent error. Before the Chancellor’s speech, the market-sensitive report was accessed 43 times from 32 different computers. OBR chairman Richard Hughes has since enlisted a