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Water plant that caused Tunbridge Wells supply failure was given risk notice in 2024

Watchdog investigating South East Water contamination issue had previously warned of potential health danger

Record numbers becoming billionaires through inheritance, UBS report finds

Swiss bank says bequests made 91 people billionaires, while overall number jumped from 2,682 in 2024 to 2,919 this year

Fossil-fuel billionaires bought up millions of shares after meeting with top Trump officials

Co-founders’ acquisition of Venture Global shares before key permit granted draws scrutiny as pair deny wrongdoing

Households face higher energy bills as £28bn grid upgrade gets go-ahead

Plan to improve gas networks and rewire electricity systems across Great Britain likely to add £30 to average annual bill

‘People had forgotten about it’: onboard the 7am Manchester-London train service saved from axe

Passengers welcome climbdown and say plan to turn Avanti West Coast service into ‘ghost train’ made no sense

Refinancing is delayed at Thames Water. If Ofwat is playing hard, it should keep going

Discussions are ‘taking longer than expected’, which may mean regulator is tearing chunks out of creditors’ proposal

‘I’m rapt!’: meatball chants but no mania as New Zealand assembles for first Ikea store

Overnight camping was banned and motorists were told to plan their journey as New Zealand finally joined the flatpack family

Advertising giant WPP relegated from FTSE 100 after nearly 30 years

Market value of ad group that was once world’s largest plummets from about £24bn in 2017 to £3.1bn

Post Office avoids fine over leak of wrongfully convicted operators’ names

ICO reprimands company over accidental publishing of data about people caught up in Horizon IT scandal

EU looks at legally forcing industries to reduce purchases from China

Commission unveils €3bn strategy to de-risk and diversify supply chains for critical rare earth metals and elements

Historic Smithfield and Billingsgate markets find new home in Docklands

City of London corporation names Albert Island near City airport in Docklands for meat and fish markets

HSBC has a new chair but the succession process should have been slicker

This is the UK’s second-largest listed company, and the European bank most exposed to declining US-China relations

UK using more wood to make electricity than ever, Drax figures show

Giant biomass plant reveals burning of wood pellets made 9% of UK’s electricity in July, its largest ever monthly share

Thames Water profits surge on higher bills; Prada buys Versace for $1.4bn – as it happened

Rolling coverage of the latest economic and financial news

Design boss behind new Jaguar leaves JLR weeks after change of CEO

Gerry McGovern reportedly removed from role of chief creative officer after 20 years with business

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  • iPhone Duo owners report cracks in Apple’s first foldable handset
  • Microsoft to reportedly offer buyouts to 60,000 employees in latest cuts
  • No 10 plays down UK joining EU single market after Burnham suggests referendum would be needed – as it happened
  • What the claw arcade game tells us about the cost of living crisis
  • Anthropic reveals rapid revenue gains and larger losses in stock market filing
  • Anthropic files for stock market IPO; Meta announces $95bn fundraising drive to pay for AI expansion – as it happened
  • Visa and Mastercard threatened with potential £5bn UK lawsuit over fees
  • Audi boss under fire in Germany for Trump rally appearance
  • The chaos in France is a ‘warning signal’ for Australia’s public spending and rising costs
  • Meta plans $95bn stock offering to help cover AI expansion
  • Healey is expected to shield low-income pensioners from income tax – but how will it work?
  • UK looking to give carmakers incentives to turn EVs into ‘power plants on wheels’
  • Anthropic’s Claude AI model accessed Georgia voter data in US
  • ‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so far
  • European gas prices soar to four-year high over winter supply fears
  • Drive reindustrialisation from No 10 North or risk failure, MPs tell Burnham
  • Brexit deal is not good enough for British public, says Andy Burnham
  • ‘I don’t give a damn what people think any more!’ Jimmy Webb on his wild days – and writing hits for Dolly, Glen and Frank
  • How will pedestrianisation of UK’s most famous shopping street work in practice?
  • Almost a quarter of European airline pilots fly when too fatigued to work
  • Higher training costs for older workers risks plan to tackle youth jobs crisis, employers say
  • Cabinet split emerges over controversial Rosebank oilfield decision
  • Has Healey’s military-style budget secrecy really played out so differently to past budgets?
  • Volkswagen to build $4bn Audi SUV factory in US despite job cuts at home
  • Cutting ‘red tape’ is nothing but a red herring – and arguably counterproductive
  • Interest rates unlikely to reach 4.75% by next summer, say City economists
  • Retail leads the way on paternity leave as government urged to improve offer
  • Bust companies revived in ‘phoenix’ deals more likely to fail again, study finds
  • The boss whose twice-bust business appears to be back despite £3m debts
  • ‘You can’t bring in robots’: the leather firm handmaking everything from wallets to cigar cases

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