Rachel Reeves Pay-Per-Mile Car Tax Warning for Drivers
Rachel Reeves' pay-per-mile car tax plan could push 40% of EV drivers back to petrol cars, with 74% concerned about costs, a new study warns.
Category : Business Investments
Birmingham City in key EFL vote on new financial rules
Birmingham City and other Championship clubs vote today on replacing Profit & Sustainability rules with a squad cost ratio system, capping spending at 85% of revenue.
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UFOFleet Buys FleetMaster from Cox Automotive
UFOFleet has acquired FleetMaster from Cox Automotive, expanding its fleet management solutions. The deal strengthens UFOFleet's market position.
Sunday Times Rich List 2026: West Midlands Wealthiest
The Sunday Times Rich List 2026 reveals the top ten wealthiest people in the West Midlands, including Lord Bamford and Gymshark co-founder Ben Francis, with combined wealth of £783.5bn.
Asda Cheapest for Branded Groceries Three Months in a Row
Asda has been named the cheapest UK supermarket for branded groceries for the third consecutive month, with rival loyalty schemes failing to match its prices.
Landsec Shifts Focus to Retail, Sees No Slowdown
FTSE 100 property giant Landsec plans to increase retail investment as CEO Mark Allan reports strong spending and footfall, despite national consumer confidence hitting a two-year low.
Grainger Plc Reports Strong Growth in Rental Income and Earnings
Newcastle-based landlord Grainger Plc announces strong half-year results with rising rental income, high occupancy, and increased earnings, citing a structurally undersupplied rental market.
Caerphilly Council Sells Solar Farm to Fuse Energy
Caerphilly Council has sold its 20MW Cwm Ifor Solar Farm to Fuse Energy. The site will power 6,000 homes and connect to the grid in December.
Relegation Bargains for Birmingham City
Birmingham City can find value in players from relegated Championship clubs like Sheffield Wednesday, Oxford United, and Leicester City. Key targets include Pierce Charles, Brian De Keersmaecker, and Hamza Choudhury.
50 Affordable Homes to Be Built in Cornwall
Legacy Properties and Ocean Housing partner to deliver 50 affordable homes in Goonhavern and Trispen, Cornwall, with completion expected spring 2027.
Kromek secures £8.8m in new orders amid global demand
Kromek, a County Durham radiation detection specialist, reports £8.8m in new orders and expects full-year revenues of £27.2m, driven by global demand despite supply chain disruptions.
DWP Boosts Benefits for Polygamous Spouses
The DWP has increased benefits for polygamous spouses by 4.8%, allowing additional claims for those married overseas, as long as bigamy laws are not violated.
Moseley Restaurant Wins Bid to Extend Hours Until 9pm
Lisa and Pann, a family-run Malaysian restaurant in Moseley, successfully applied to Birmingham City Council to extend its opening hours until 9pm, sparking local joy.
E.ON and Ovo Energy Merger Affects 10 Million Customers
E.ON plans to acquire struggling rival Ovo Energy, creating a combined firm serving nearly 10 million UK customers. The deal could be announced next week.
JD Sports Warns Iran War Could Hit Profits and Prices
JD Sports warns that the Iran war could weigh on profits and push up prices, citing geopolitical uncertainty. The retailer forecasts lower pre-tax profit for the next financial year.
Food Security at Risk from Farmland Development
Cheshire East councillors warn that approving housing on agricultural land threatens UK food security, as more applications pour in.
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.
Labour Urged to Scrap Employer National Insurance for Jobs
Rishi Sunak leads calls for Labour to scrap employer National Insurance, warning that rising costs and AI are threatening young people's jobs.
£470k Refurbishment for Wolverhampton i10 Offices
Wolverhampton Council approves £470,000 refurbishment of i10 offices to relocate LGPS, bringing high-quality jobs to the city centre.
Rachel Reeves Cuts Food Import Tariffs to Lower Weekly Shop
Chancellor Rachel Reeves announces suspension of import tariffs on everyday food items until 2028, aiming to reduce weekly shopping bills by £2 billion worth of imports.
Drax Hails Good Performance Supporting UK Energy Security
Power giant Drax issues upbeat trading update, highlighting its role in supporting UK energy security during the Middle East conflict. CEO says firm works hard to keep lights on for millions.
West Midlands business confidence dips but firms stay focused on growth
Lloyds' Business Barometer shows West Midlands confidence fell 17 points in April to 49%, but firms remain resilient, focusing on growth through innovation, training, and AI adoption.
AstraZeneca announces £300m UK investment
AstraZeneca invests £300m in UK after pausing plans in 2025, citing tariff exemption and increased NHS spending on innovative medicines as key factors.
Tributes to 102-Year-Old Whose Loan Founded Welsh Food Firm
Dorothy Edwards, 102, who loaned £6,000 in 1972 to start Harlech Foodservice, has died. Her family says without her, the award-winning firm would not exist.
Rachel Reeves fuel duty hike could cost families £150 a year
Chancellor Rachel Reeves faces backlash over plans to increase fuel duty by 5p, potentially costing families £150 per year and hauliers £2,000, amid Middle East tensions.
FEC moves UK HQ to Manchester's Pall Mall
FEC, the developer behind Victoria North, has taken 4,992 sq ft at Bruntwood SciTech's Pall Mall. Architect Sheppard Robson also moves into the building it designed, taking 9,956 sq ft.
Rachel Reeves Confirms £425 Tax Break for Popular EVs
Chancellor Rachel Reeves has confirmed a change to car tax rules, exempting electric vehicles priced between £40,000 and £50,000 from the £425 luxury car tax, saving owners over £2,000 in five years.
Davies Wants Solis Permanently at Birmingham City
Chris Davies confirms interest in signing Jhon Solis permanently after the Colombian's impressive loan spell, with an option to buy clause in his deal.
Exeter Shopify Agency Secures £7.6m Investment
Exeter-based Swanky, a Shopify Plus partner, secures £7.6m investment to fuel growth, hire staff, and pursue acquisitions. New chair and finance chief appointed.
Octopus Energy cuts bills to £0 for 300 homes
Octopus Energy announces world's largest Zero Bills site in Wisbech, providing 300 homes with no energy bills for at least 10 years, using heat pumps, solar panels, and batteries.
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