UK GDP Grows 0.6% in Q2 2025

UK GDP Grows 0.6% in Q2 2025

ONS data shows UK GDP grew 0.6% April-June 2025, beating forecasts.
Services rose 0.8%, manufacturing 1.2%.
Chancellor Rachel Reeves credited fiscal policies.
On X, businesses celebrate, but inflation lingers.
Consumer spending up 0.4% amid wage gains.
Exports fell 0.2% due to global slowdowns.
Forecasts predict 2% annual growth.
Challenges include skills gaps and productivity.
The data boosts sterling 0.5% vs.
dollar.
Opposition calls for tax cuts.
The rebound from 2024 recession signals stability.

Bank of England Warns on Persistent Inflation

BOE's Catherine Mann indicates UK inflation persistence scenario is unfolding, signaling caution for policy.

UK Retail Sales Decline Amid Budget Concerns

UK retail sales fell 0.7% in November as consumers tightened budgets ahead of new tax measures.

UK Business Updates: Job Losses and Profits

UK hospitality lost 110,000 jobs since the budget, while companies like Boden and Kier report profits amid various sector changes.

UK Inflation Eases to 2.1% in August

UK inflation dipped to 2.1% in August 2025, offering relief but raising questions on interest rate cuts.

Asahi Beer Shortage in Japan

Cyber-attack halts Asahi production, leading to potential shortages of Super Dry beer and other products in Japan.

Bournemouth Airport Strikes Called Off After Unite Union Accepts Improved Pay Offer

Strike action planned by some staff at Bournemouth Airport, which was set to begin on Tuesday, has been suspended after the Unite union secured an improved offer from the employer.

150 Research Jobs to Transfer from Deeside to Manchester

Medical technology firm Convatec announces £500 million UK investment but will relocate R&D jobs from North Wales to a new Manchester hub.

Asahi Confirms European Supply Unaffected by Cyberattack Targeting Japanese Operations

Beverage giant Asahi has confirmed that its European and UK beer supply lines, including brands like Peroni and Grolsch, have not been impacted by a cyberattack limited solely to its operations within Japan.

BP to Extract Oil from Gulf of Mexico’s Risky Tiber Field in $5bn Project

Energy giant BP is proceeding with a $5 billion project to tap oil in the Tiber field, a Gulf of Mexico location previously considered too hazardous to exploit.

25m Funding Boost for Creative Talent

Government allocates 25m to Liverpool City Region and Greater Manchester for film, TV, music, and video games industries.

125 Jobs Axed at Lindsey Oil Refinery

Administrators announce 125 redundancies at Prax Lindsey oil refinery, leaving 255 workers amid ongoing sale efforts.

Cannabis Stocks Soar After Trump Video Promotes CBD Use for Seniors and Medicaid Funding

Cannabis company stocks, including Canopy Growth and Tilray, jumped on Monday after President Trump shared a nearly three-minute-long video on his Truth Social platform promoting the use of hemp-derived CBD as a pain and stress reliever for seniors and advocating for its coverage under Medicaid.

Las Vegas Man Pleads Guilty to Federal Bribery in Cannabis License Scandal

A Las Vegas man has pleaded guilty to federal bribery charges related to an investigation into the area's cannabis licensing process, following a high-profile case involving a former Clark County Commissioner.

Asahi Breweries Hit by Cyberattack Causing System Failure in Japan Operations

Japanese brewer Asahi, the parent company of brands like Peroni and Grolsch, has been hit by a cyberattack causing a 'system failure' that is limited to its operations within Japan, while assuring consumers that its UK beer supply remains unaffected.

Asda Fined £130,000 After Selling Out-of-Date Ham and Cheesecakes

Supermarket giant Asda has been hit with a £130,000 fine after products, including ham and cheesecakes, were found to be sold past their use-by dates.

Jaguar Land Rover Expects to Restart Operations After Cyberattack Hits Global Plants

Jaguar Land Rover (JLR) has confirmed it expects to restart operations in the 'coming days' after a sophisticated cyberattack earlier this month impacted its manufacturing plants across the UK, Slovakia, India, and Brazil.

Asda Fined £130k Over Sale of Out-of-Date Ham and Cheese

Supermarket giant Asda has been fined £130,000 for multiple failures in food safety, specifically for selling expired meat, including out-of-date ham and cheese, following inspections by environmental health officials.

China’s Economic Engine Sputters: Factory Data Reflects Sluggish Domestic Demand

New factory activity data for China reflects persistent weakness in the world's second-largest economy, with analysts noting that manufacturing measures show 'sluggish domestic demand' and companies are under pressure to cut prices amid fierce competition.

Japan Scraps Africa Hometown Initiative Over Misinformation and Burden on Local Governments

The President of the Japan International Cooperation Agency, Akihiko Tanaka, apologised after the agency announced it would scrap its 'Africa Hometown initiative' due to misinformation and an excessive burden on participating municipalities.

Mitsubishi Increases UK Investments

Mitsubishi Estate Co plans more UK investments amid US uncertainties, diversifying from American markets.

£1.5 Billion Rescue Package Agreed to Keep Jaguar Land Rover Afloat After Cyberattack

Britain's largest car manufacturer, Jaguar Land Rover, has secured a £1.5 billion rescue to maintain operations until Christmas following a crippling cyberattack that has halted production for nearly a month.

Liverpool Tech Startup Boom

Liverpool sees surge in tech startups in 2025, with £100m in investments fueling job growth.

Business News: Porsche, HSBC, Vodafone, and More

A roundup of today's business news, featuring Porsche's struggles, HSBC becoming the UK's most valuable company, and a new deal for Vodafone-Three.

UK Business News: Porsche, BMW, Vodafone, and More

A collection of recent UK business news, including financial struggles for major companies, new investment deals, and warnings about AI adoption.

Major UK Fashion Retailer to Close 35 Stores

A fashion retailer has announced the closure of 35 stores, including one in Stoke-on-Trent, as part of a restructuring plan following a £33.2 million loss.

Norwich High Street Revival

Norwich launches £10m plan to revitalize high street with pop-up shops and cultural events.

UK Retail Sales Dip Pre-Christmas

UK retail sales fall 0.3% in November 2025, raising concerns for high street ahead of Christmas.

Audi Celebrates 60 Years and Introduces New Naming Convention

Audi is marking its 60th anniversary by simplifying its model naming system and launching a new electric vehicle, the A6 Sportback e-tron.

Bank of England Holds Rates

BoE poised to slow QT, leave rates unchanged; stocks rise post-Fed cut.

Federal Reserve Changes Interest Rates

Fed adjusts interest rates for first time in 2025, impacting economy amid inflation concerns.

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