News

We’ve teamed up with the BBC to bring you the very latest business and finance news as it happens.

• UK's first small nuclear power station to be built in north Wales

  Three small modular reactors are confirmed for the site, with the potential for up to eight.

• UK growth slows after big fall in car production

  The 0.1% growth was pulled down by issues in the manufacturing industry, official figures show.

• £220 'for a cut-up sock' - Apple's new iPhone Pocket ridiculed online

  Many took aim at the high price online, while others made fun of its striking likeness to a piece of footwear.

• Kim Kardashian's shapewear brand Skims hits $5bn valuation

  The company says it plans to open more physical shops and expand the business around the world.

• Heineken UK cuts Foster's alcohol strength to 3.4%

  The brewer said the change could lead to cheaper pints.

• SSE to invest £33bn in upgrading Scotland's electricity grid

  The company plans to spend two-thirds of that to upgrade wiring and increase high-voltage grid capacity to get power from the north to customers in the south.

• Driving test rules to change in bid to stop bots booking slots

  The Transport Secretary has announced new measures to tackle the continuing backlog of driving tests.

• AI will slash headcount by two-thirds - retail boss

  Buy It Direct boss Nick Glynne said increased taxes on business in the UK had sped up the process.

• Thousands of NHS staff to lose jobs after Treasury approves £1bn pay-off deal

  The compromise deal would allow the NHS to overspend this year.

• Ryanair scraps printed boarding passes to go fully digital

  The airline is only accepting digital boarding passes from Wednesday.

• US ends penny-making run after more than 230 years

  Pennies today cost nearly four cents each to make - more than twice the cost of a decade ago.

• Building society pledges to keep branches open

  It says its current network of 696 branches will remain until at least 2030.

• UK toy sales up as 'kidults' buy Lego and Pokémon

  Sales have risen by 6% so far this year, analysts say, after a string of post-pandemic falls.

• Two popular gay dating platforms removed from Apple app store in China

  The removal of Blued and Finka has raised concerns amongst the LGBT community in the country.

• Will Starbucks staff strikes hit turnaround plans?

  The coffee giant is returning to its roots to boost sales but labour tensions could derail the strategy.

• Jet2 to offer flights from Gatwick for first time

  Flight destinations include Spain, Greece, Turkey, Portugal, Malta, Italy, Croatia, Bulgaria and Cyprus.

• Government to rethink rejection of Waspi compensation

  Pensions Secretary Pat McFadden says that the rethink does not mean that payouts will necessarily follow.

• Lib Dems call for 5% VAT cut for pubs and restaurants

  The party also wants to axe the renewables levy from bills, funded by a windfall tax on big banks.

• Two meals for $1: Why China's youth are not spending

  Economic uncertainty is encouraging some young people to cut back on their spending.

• Andrew shuts down Pitch@Palace business

  The closure of the former prince's start-up competition Pitch@Palace marks his step away from public life