Business News

National Grid has struck a deal paving the way for Britain’s biggest electricity substation to be built on Teesside as the government races to avoid missing out on global demand for AI infrastructure development.

The telecoms giant Virgin Media O2 (VMO2) is to axe thousands of jobs as it slashes its cost base amid investor concerns about its ability to service its £22bn debt mountain.

Around 90% of stolen cryptocurrency assets following a hack on a major exchange has been replenished, according to Binance.

The private equity firm which owns Asda and Britain's biggest pubs operator has agreed a roughly €400m (£334m) takeover of Lovehoney Group, a big player in the fast-growing "intimate wellness" industry.

Cryptocurrency worth more than $6.3bn (£4.7bn) has been stolen from a major exchange - with one industry insider telling Sky News it is "the largest bank heist in human history".

The Northern Irish company attempting to stage a solvent rescue of Poundland has told the discount retailer's administrator-in-waiting that it remains keen on a deal which could save more than 10,000 jobs.

Profits at the UK-based oil and gas giant BP have hit an 18-year high, surpassing the level seen during the 2022 energy crisis.

The head of the luxury car-maker Bugatti has promised to stop leaving his keys in his own car after his £2m model was stolen from a company site in Zagreb.

Yorkshire Water has announced its chief executive is stepping down - a day after the company was given the lowest environmental rating by regulators.

The FTSE-100 owner of the Premier Inn hotel chain has won public backing from a top-25 shareholder as it tries to thwart an activist investor's boardroom raid.