The struggling British fashion brand LK Bennett has been bought out of administration by US restructuring specialist Gordon Brothers, raising the prospect that its remaining nine UK shops could close with the loss of around 380 jobs. Gordon Brothers, which acquired Poundland for £1 last year, confirmed it has purchased LK Bennett’s global brand and intellectual property assets for an ...
Royal Mail has come under renewed fire after research found it failed to deliver Christmas letters and cards on time to around 16 million people, the worst festive performance in five years outside periods of strike action. The findings, published by Citizens Advice, suggest the number of people affected by delays over Christmas 2025 was 50 per cent higher than ...
The National Wealth Fund has set out plans to sharply accelerate investment, committing up to £5 billion a year of public money into clean energy, industrial transformation and strategic infrastructure as part of a more focused growth strategy. Under the new approach, the fund will prioritise ten sectors, with clean energy at the core. These include energy storage, electricity networks, ...
More than 3,400 jobs and billions of pounds of private investment are set to flow into Lanarkshire after the UK government named the region as Scotland’s first AI Growth Zone, a flagship initiative under its Modern Industrial Strategy. The Lanarkshire AI Growth Zone, announced on 29 January, will be delivered by Scottish data centre operator DataVita at its Airdrie site, ...
Pornhub will restrict access to its website for UK users from next week, effectively blocking new visitors in protest at tougher age-verification requirements introduced under the Online Safety Act. From 2 February, only people who already hold a Pornhub account will be able to access the site. The same restrictions will apply to other adult websites owned by its parent ...
Litestream Ventures recorded $78.1 million (£61.5m) in non-binding investor pledges during World Economic Forum week in Davos, after hosting its fourth annual Family Office & Venture Capital Forum. The closed-door event, held during the World Economic Forum, brought together more than 120 investors, founders, venture funds and philanthropic partners. Pledges were signalled in support of 12 companies focused on addressing ...
The government will create a new cross-department Future of Work Unit, expand its ambition to upskill 10 million workers in AI by 2030, and invest £27 million in a new TechLocal programme aimed at entry-level tech roles, the Science and Technology Secretary has announced. Delivering her first major speech on artificial intelligence at Bloomberg on Wednesday, Liz Kendall set out ...
Disappointing full-year results from LVMH suggest that the global luxury sector is facing more than a short-term slowdown, with challenges likely to persist into 2026, according to new analysis. Commenting on the figures for the year ending 31 December 2025, Sharon Iles, senior apparel analyst at GlobalData, said the performance underlined “persistent struggles within the overall luxury market”. LVMH reported ...
Amazon has announced a further 16,000 job cuts worldwide as it presses ahead with plans to slim down management layers and “remove bureaucracy”, putting an unspecified number of UK roles at risk. The latest round of layoffs follows the elimination of 14,000 white-collar jobs in October and forms part of Amazon’s broader ambition to shed around 30,000 corporate roles. While ...
Rogo has opened its first international office in London, marking a major step in the company’s global expansion as demand for enterprise-grade artificial intelligence accelerates across the financial sector. The move positions Rogo in Europe’s leading financial centre, allowing the AI platform to deepen relationships with major European banks, support hands-on deployment of its technology, and tap into London’s finance ...