SMD on Track for £100m Revenue After Strong Year
Subsea engineering firm SMD reports revenue up to £85.7m and profits of £9.4m in 2025, driven by global demand for underwater cable security and new tech facilities.
Category : Business
Pret A Manger Launches First UK Drive-Thru in Warrington
Pret A Manger has opened its first drive-thru restaurant in Warrington, near junction 21 of the M6, in partnership with Motor Fuel Group, marking a new trial format as it expands into UK travel hubs.
Martin Lewis: Best Card to Avoid 3% Holiday Fees
Martin Lewis warns of hidden 3% fees on holiday spending and recommends specialist cards like Barclaycard Rewards, Chase, and First Direct to save money.
£6bn Firm Buys Northfield Shopping Centre
M Core acquires Northfield Shopping Centre for £6bn portfolio, promising upgrades. Lidl to replace former Wilko, enhancing local retail.
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Santander to Phase Out TSB Brand in UK
Santander plans to drop the TSB brand from UK high streets after its £2.65bn purchase, transferring 5 million customers. The move follows 215 years of TSB history.
Furbo Mini 360° Camera Eases Dog Owners' Holiday Guilt
Thousands of UK dog owners are buying the Furbo Mini 360° pet camera to check on pets remotely during summer holidays, easing separation anxiety with AI-powered monitoring.
BLB Solicitors Collapses After Rescue Deal Fails
BLB Solicitors, a West Country law firm with offices across the South West, has ceased trading after a rescue deal fell through, resulting in all staff redundancies.
Economic Priorities for Next Welsh Government: CBI Director
Russell Greenslade, director of CBI Wales, outlines key economic priorities for the next Welsh government, including stable policy, targeted investment, and infrastructure improvements to boost competitiveness.
FCA Review: £829 Car Finance Payout Claims
The FCA launches a review into claims management companies amid concerns over misleading practices in the £829 car finance scandal payout process.
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Deported Drug Farmer Jailed for Cannabis Cultivation
Festim Ahmetaj, 35, was jailed for 24 months for cultivating cannabis in Droitwich, and for breaching a deportation order, now facing removal from the UK.
Halifax Cuts Mortgage Rates But Experts Warn of Short-Lived Relief
Halifax has reduced mortgage rates by up to 0.25%, but experts caution that rising swap rates due to Middle East tensions could lead to quick reversals.
Chelmsley Wood Shop Allowed Longer Alcohol Sales
A Chelmsley Wood convenience store can sell alcohol from 6.30am after a licensing panel rejected a public health objection, citing lack of evidence linking the shop to alcohol-related harm.
Nationwide Updates Cash ISAs: New Rates for 6 Groups
Nationwide Building Society launches new fixed and variable cash ISAs from 6 May 2026, with rates up to 4.60% AER, replacing older versions.
Car finance firm near collapse after £9bn compensation scheme
Blue Motor Finance is reportedly close to administration following a £9 billion compensation scheme, facing a £50 million redress bill. The FCA defends the scheme against legal challenges.
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Next warns of £47m Middle East cost, overseas price rises
Next faces £47m hit from Middle East conflict, raising prices overseas by up to 8% while UK prices remain stable due to cost savings.
Martin Lewis: How Much to Save for Your Pension
Martin Lewis explains the rule of thumb for pension savings: half your age when you start contributing. He also discusses state pension requirements and National Insurance.
Confidence and Age Hinder Brits from Starting Businesses
A poll of 2,000 adults reveals that while confidence and age are concerns, lack of funding is the top barrier to starting a business. 60% cite money as the main obstacle.
Harvey Launches Legal Agents with Agent Builder Tool
Harvey launches 500+ pre-built legal agents and Agent Builder tool, enabling law firms to deploy or customize AI agents for streamlined legal workflows and enhanced productivity.
Ramsdens Lifts Profit Forecast Amid Jet Fuel, Gold Concerns
Ramsdens upgrades full-year profit expectations to at least £28.5m despite jet fuel shortages and volatile gold prices, citing strong pawnbroking and jewellery sales.
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Wetherspoon Profit Warning Over Surging Costs
JD Wetherspoon warns profits may miss targets due to substantial cost increases from energy, shipping, and employment expenses, despite strong sales growth.
Airlines Update Passengers on Flights Before September
Easyjet, Jet2, and Ryanair issue updates for passengers with flights before September due to Iran war and Strait of Hormuz closure causing oil supply issues and flight cancellations.
Union urges windfall tax on UK banks after £14bn profit
The TUC calls for raising the bank surcharge from 3% to 8% after Barclays, HSBC, Lloyds, and NatWest reported £14bn in Q1 profits, citing economic hardship from Trump's policies.
UK Supermarkets Face 4 Rule Changes Amid Iran War Fears
Four in five Britons worry the Iran war will raise food prices. The BRC urges the government to ease supermarket costs via four rule changes.
£1,750 Fuel Bills for 4 Million Van Drivers Doing 8,000 Miles
Van drivers face £1,750 annual fuel bills as mileage rises 15% to 8,018 miles, with fuel prices hitting £1.91 per litre amid economic pressures.
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DWP Urged to Cut Payments for 660,000 Claimants
The DWP faces calls to reduce welfare payments for 660,000 households receiving more than the average worker's salary, deemed an 'unsustainable moral crisis'.
Santander Warns UK Customers Over £3 Monthly Credit Card Fee
Santander has emailed credit card holders reminding them of a £3 monthly fee on 1|2|3 cards, as cashback may not cover it. The bank explains features and fees.
DWP State Pension Age Rise to 67 for First Cohort
The DWP has begun raising the state pension age to 67, affecting those born between April 6 and May 5, 1960. More cohorts will follow over two years.
DWP Told to Cut Benefits for 1.3 Million Claimants
62% of voters support cutting DWP benefits for migrants to reduce the welfare bill, as foreign national claimants rise to nearly 1.3 million, up 6.7% in a year.
DWP Sends £965 State Pension Early Within Three Weeks
The DWP is advancing £965 state pension payments due to the late May Bank Holiday, with payments arriving three weeks early for some pensioners.
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Six Welsh Firms Win King's Awards for Enterprise 2026
Six Welsh firms receive King's Awards for Enterprise for international trade, innovation, and sustainability, contributing to economic growth and community improvement.
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