UK Business

A major UK business group has called on the government to "fundamentally reassess" the country's relationship with the EU, as it said the current system is still "failing to deliver".

Barclays will this week become the first major UK lender to begin offering compensation payments to former motor finance customers, even as the industry's big financiers face waiting months for the outcome of challenges to a £9bn redress scheme.

Water industry bosses have hit out at reforms proposed by Ofwat, the industry regulator, which they claim would force them to recruit dozens of additional directors with the cost being borne by billpayers.

The government is to hold an urgent meeting with Poundland bosses amid growing recriminations over the discount retailer's ownership.

National Grid has struck a deal paving the way for Britain’s biggest electricity substation to be built on Teesside as the government races to avoid missing out on global demand for AI infrastructure development.

The telecoms giant Virgin Media O2 (VMO2) is to axe thousands of jobs as it slashes its cost base amid investor concerns about its ability to service its £22bn debt mountain.

Around 90% of stolen cryptocurrency assets following a hack on a major exchange has been replenished, according to Binance.

The private equity firm which owns Asda and Britain's biggest pubs operator has agreed a roughly €400m (£334m) takeover of Lovehoney Group, a big player in the fast-growing "intimate wellness" industry.

The Northern Irish company attempting to stage a solvent rescue of Poundland has told the discount retailer's administrator-in-waiting that it remains keen on a deal which could save more than 10,000 jobs.

Profits at the UK-based oil and gas giant BP have hit an 18-year high, surpassing the level seen during the 2022 energy crisis.