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Emer MoreauBusiness reporter Getty Images Construction in November was at its lowest level since the pandemic Activity in the UK’s construction sector shrank last month at the fastest pace since the pandemic, partly due to uncertainty ahead of the Budget, a closely watched survey has indicated. The research from S&P Global said November saw the…
Energy regulator Ofgem has approved £28bn in investment to improve the UK’s energy network. Most of the funding in the five-year plan will go towards maintaining gas networks, but £10.3bn will be used to strengthen the electricity transmission network. Households will see an additional £108 added to energy bills by 2031 under the plan. But…
Adidas has fended off an appeal from shareholders who accused it of hiding misconduct by rapper-entrepreneur Kanye West – otherwise known as Ye – before their partnership broke down in 2022. A San Francisco court said the sportswear giant did not mislead investors, who claimed they had lost money after Adidas shares plunged when it…
Natalie ShermanBusiness reporter Getty Images The US is set to loosen its fuel economy rules, reversing another Biden-era policy that had been expected to lead to increased take-up of electric cars. US President Donald Trump announced the proposal at the White House, where officials said the prior standards were not realistically achievable and were driving…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stephen Witt’s The Thinking Machine, about the rise of Nvidia and its hard-driving leader Jensen Huang, has won the 2025 Financial Times and Schroders Business Book of the Year Award. It is the second year…
Stuart Maisner, Hsin-Yi Loand Daniel Sexton,South East Getty Images People have been advised to boil tap water before drinking Water misery has returned for about 24,000 households in Kent and East Sussex with a water firm saying they do not expect supplies to be restored to all affected customers until midday on Thursday. South East…
British adults are hiding their outgoings on things like beauty products, gambling and cryptocurrencies from their partners as part of a pattern of “secret spending”, a new report has found. More than half of adults in relationships spent in secret on a range of products, according to the research by investment platform AJ Bell and…
Archie MitchellBusiness reporter Reuters Adverts for Nike, Superdry and Lacoste have been banned for making misleading claims about their green credentials. The UK’s advertising watchdog challenged the brands over the use of the word “sustainable” in paid-for Google ads which were not backed up by evidence of their sustainability. The Advertising Standards Authority (ASA) identified…
Michael RaceBusiness reporter Getty Images A senior official at the UK’s economic forecaster has said he does not believe the chancellor was being misleading when she said the state of the public finances were “very challenging” in the run-up to the Budget. Prof David Miles from the Office for Budget Responsibility (OBR) told MPs Rachel…
Osmond ChiaBusiness reporter Getty Images Candy Kittens co-founders Jamie Laing and Edward Williams British TV personality Jamie Laing’s vegan sweets brand Candy Kittens is set to acquire snack company Graze in a deal between the former’s parent company and packaged goods giant Unilever. The upcoming deal with German firm Katjes International, Candy Kittens’ parent company,…
