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Business Secretary Would Have Blocked Sale of UK Tech Giant ARM Holdings

Business Secretary Peter Kyle said he would have blocked ARM Holdings' sale to Softbank, lamenting lost UK tech wealth and outlining government plans to support British tech firms amid challenges in other sectors.

3 min read

Frasers Offers €1.98bn to Fully Acquire Hugo Boss

Mike Ashley’s Frasers has offered €1.98bn to acquire full ownership of German luxury brand Hugo Boss, where it currently holds a 26% stake. The bid awaits shareholder and regulatory approval, aiming to complete in the second half of this year.

3 min read

Kainos to Create 341 New Jobs in Northern Ireland Over Three Years

Kainos, Northern Ireland's largest software firm, plans to create 341 new jobs over three years, investing £19.8m to meet rising AI demand, with support from government and Invest NI.

3 min read

UK Set to Ease Steel Tariffs Amid Manufacturer Cost Concerns

UK ministers plan to ease steel tariffs after manufacturers warn of rising costs. Discussions focus on exemptions for sectors unable to source steel domestically amid new import quotas starting July 1.

3 min read

US Inflation Hits 4.2%, Highest in Three Years

US inflation surged to 4.2% in May, the fastest rise in three years, driven by energy costs and geopolitical tensions, raising chances of Federal Reserve rate hikes.

1 min read

Owners of Peter Pan Mansion Acquire Ettrick Riverside Business Centre

Corespace, owners of the Peter Pan-inspired Moat Brae mansion, have acquired the Ettrick Riverside Business Centre in Selkirk, continuing to support flexible office space in the Scottish Borders following SOSE's strategic sale.

2 min read

Asian Stocks Drop Amid US-Iran Clashes and Market Uncertainty

Asian stocks fell sharply after the US and Iran exchanged fire, triggering market volatility. Oil prices dipped slightly despite tensions. Fuller, Smith & Turner reported strong bookings ahead of summer and the World Cup, while WH Smith downgraded profits and plans a £100m capital raise amid Midd...

7 min read

Nike Tops World Cup Shirt Prices with £95 Replica Amid Inflation Surge

Nike leads World Cup kit prices with adult replica shirts at £95 amid rising costs. Fans face steep increases, with counterfeit sales rising alongside official kit demand.

4 min read

Kalshi to Require Job Details from Some Users to Combat Insider Trading

Kalshi will require some users to disclose their employment details to prevent insider trading on high-risk markets, amid investigations involving politicians and employees using insider information.

2 min read

TSMC Signals Possible Chip Price Increases Amid Rising Costs

TSMC, the world's largest chipmaker, cites inflation-driven cost increases and does not rule out price rises, while emphasizing technology leadership and denying AI boom is a bubble.

3 min read

EU Orders Meta to Open WhatsApp to Rival AI Chatbots Amid Antitrust Probe

The EU has ordered Meta to allow rival AI chatbots free access to WhatsApp amid an ongoing antitrust investigation, prompting Meta to accuse the Commission of regulatory overreach and announce an appeal.

3 min read

UK to Prioritize British Firms in Defence Contracts Using Security Exemptions

Defence Secretary John Healey announces plans to prioritise British firms in defence contracts using national security exemptions amid delays to the UK defence investment plan.

3 min read