Report shows Labour move to scrap many rules and processes as party denies plan will dilute consumer protectionsMartha Lane Fox: green economy must be next UK government’s No 1 priority Labour has pledged to “unashamedly champion” the UK’s financial services sector, as it promised to cut down 10,000 pages of regulations and ruled out a windfall tax on bank profits.However, the shadow chancellor, Rachel Reeves, signalled that Labour would not bow to intensive lobbying from the private equity industry, telling the Guardian she still plans to close a £500m tax loophole benefiting Britain...

Struggling fashion retailer looking at options including store closures and axing jobsBusiness live – latest updatesSuperdry has confirmed it is considering a significant round of cost cutting as the struggling fashion retailer contends with slumping sales.The British brand is drawing up plans for potential store closures and job cuts after it reported last week that sales dropped by nearly a quarter in the six months to October. The delayed results were accompanied by the appointment of a new finance boss, the fifth in five years. Continue reading...

Microsoft beat Wall Street’s forecasts for second-quarter revenue as new artificial intelligence features helped to attract customers to its Cloud and Windows services.Read more: AI drives up Microsoft revenues to record $62BN

A venture capital firm backed by Sir Richard Branson has raised $250 million to invest in technology businesses in Britain, the United States and the Nordic region.Read more: Branson backed VC firm raises £250M to back technology start-ups

Post-Brexit controls on food, plant and animal imports to Britain from the EU have come into force.Read more: Post-Brexit controls on food and farm imports from EU have begun

The tech giant's AI success has caused shares to surge, after its market value passed $3tn.

HSBC has been fined £57.4m by the Bank of England for "serious failings" over its measures to protect customer deposits.Read more: HSBC fined £57.4m for customer deposit protection failings

Amazon is scrapping its planned takeover of vacuum maker iRobot following opposition from EU competition authorities.Read more: Amazon-iRobot deal scrapped after EU competition challenge

Hopes ride high for Warwickshire based companyRead more: Secrets of Success: Ian O’Connor – Managing Director, Eskuta

Leaders from the fintech industry gathered in Parliament last night to discuss the challenges and opportunities of the increased use of Artificial Intelligence (AI) in businesses across the UK.Read more: Industry leaders debate AI impact in Parliament

“We need a TikTok account,” I said, to my team of mainly 20-something staff, two years ago. They looked at me blankly and slightly astonished.Read more: I’m a middle-aged suburban dad – Can I become a TikTok star?

The government’s decision to scrap VAT-free shopping for tourists is costing the economy £11.1 billion in lost GDP and deterring about two million foreign visitors each year, according to an analysis by the Centre for Economics and Business Research (CEBR).Read more: Scrapping VAT-free shopping for tourists costs UK £11bn

Sotheby’s sold a near-record of almost $8bn (£6.3bn) of art and other collectables last year, including a Pablo Picasso masterpiece of his “golden muse” that fetched $139m.Read more: Sotheby’s reports near-record $7.9bn in sales as covid sales boost continues

The motor industry giant has warned that Takata airbag inflators could explode and kill people.

Train drivers will keep striking to “raise the profile” of their dispute after half a decade without a pay rise, the Aslef union has warned, before another week of rolling strikes across England.Read more: Train strikes to continue as drivers ‘raise profile’ for pay rise

More than 3 million BT customers could receive up to £400 each as a class action lawsuit begins seeking £1.3bn in compensation over claims the telecoms group allegedly overcharged for landline services.Read more: Over 3 millions BT customers could get up to £400 as ‘overcharging’ lawsuit begins

A celebration and surge for Britain's #1 cocktail ...Read more: Secrets of Success: Lucy Smith, founder Neurita Tequila

New research has revealed that 489,000 UK SMEs qualify as green, meaning they have put formal measurement and commitments in place which will see them transition to sustainability by the government’s net zero 2050 deadlines.Read more: Number of businesses ‘going green’ doubles in 2023

YouLend has announced the completion of a private securitisation transaction with global financial services firm J.P. Morgan as a senior lender and Castlelake, L.P. providing subordinate debt.Read more: YouLend secures deal with J.P. Morgan to extend £4 billion in additional financing to SMEs

The TV production company co-founded by broadcaster Jake Humphrey and former F1 driver David Coulthard was forced into the red despite its turnover jumping, new documents have revealed.Read more: Jake Humphrey & David Coulthard’s TV production company forced to write off over £300k bad debt

Members of the Aslef train drivers' union are taking more action in its long-running dispute over pay.

The government is considering handing workers another tax cut with a further reduction in national insurance, amid desperate attempts to move on from a campaign to destabilise Rishi Sunak by the Tory right.Read more: Hunt considers further national insurance cut to boost Sunak popularity

The number of agreed property sales so far this month is 13 per cent higher than a year ago as falling mortgage costs encourage buyers and sellers back to the market, according to a new analysis.Read more: House sales surge as mortgage rates fall

BT Group has today announced plans to recruit more than 500 apprentices and graduates for its September 2024 intake.Read more: BT to recruit more than 500 apprentices and graduates

Ofcom has proposed Royal Mail could cut the days it delivers letters to three as part of reforms.