Nvidia revenues surge despite tariff uncertainty
AI chip demand lifted Nvidia’s revenues and profits, despite restrictions on sales to China....
Reeves outlines plan for £25bn pension ‘megafunds’
The government says its overhaul of retirement savings will boost growth and pension pots....
UK car production falls sharply in April
The number of new vehicles made in the UK was the lowest figure for April – outside the pandemic – since 1952....
Thames Water fined £122.7m in biggest ever penalty
The company has been fined for breaching rules on wastewater and dividend payments....
Thousands to get payouts over forced meter fitting
More than £70m is being paid to customers who were forced to switch to prepaying for energy....
IMF raises UK growth forecast as it warns on tax and spending
In its annual health-check for the UK economy, the IMF predicted growth of 1.2%, a marginal upgrade to its previous forecast....
KFC to create 7,000 jobs in UK and Irish growth push
The fried chicken firm will invest nearly £1.5bn over five years as rivals step up expansion....
Steak drives food inflation to highest level in a year
The British Retail Consortium says the annual rate of food price rises hit 2.8% in May....
Higher-level apprenticeship funding to be scrapped as focus shifts to under-21s
The government will no longer fund some courses for older learners in order to boost entry level training places....
Chinese-owned Volvo Cars to cut 3,000 jobs
The firm’s boss pointed to the “challenging period” faced by the industry as a reason for the layoffs....