Eli Lilly calls UK ‘worst country in Europe’ for drug prices; gold nears record high - business live

EnQuest has reported a significant drop in revenue, largely attributed to the impact of the UK's windfall tax on its operations. This decline is concerning as it highlights the challenges faced by energy companies in adapting to new tax regulations, which could affect their profitability and investment in future projects. The situation underscores the ongoing debate about the balance between taxation and supporting the energy sector.

Artemis Resources has commenced reverse circulation drilling at its Titan gold prospect in Karratha, marking a significant step in its exploration efforts. This development is crucial as it could lead to new gold discoveries, boosting local economy and investor confidence in the region's mining potential.

UK IT firm Redcentric has announced an impressive 8.3% revenue growth for the fiscal year 2025. This growth highlights the company's strong performance in a competitive market, showcasing its ability to adapt and thrive despite economic challenges. Such positive financial results not only reflect the company's operational efficiency but also instill confidence among investors and stakeholders about its future prospects.

Gold prices are holding steady near record highs following comments from Federal Reserve Chair Jerome Powell and recent weak economic data. This stability in gold prices is significant as it reflects investor sentiment amidst ongoing concerns about inflation and economic growth. With Powell's remarks influencing market expectations, many are watching closely to see how these factors will shape the future of gold and the broader economy.

Ofgem has moved 77 innovative 'super battery' projects to the final assessment stage, marking a significant step towards enhancing the UK's energy storage capabilities. This initiative is crucial as it aims to support the integration of renewable energy sources, ensuring a more reliable and sustainable electricity supply. By advancing these projects, Ofgem is not only promoting energy innovation but also contributing to the UK's goal of reducing carbon emissions and achieving energy independence.

Antin has announced its acquisition of Aquavista, the largest marina operator in the UK. This move is significant as it not only expands Antin's portfolio but also enhances its presence in the leisure and tourism sector, which is poised for growth. With Aquavista's extensive network of marinas, Antin aims to capitalize on the increasing demand for recreational boating and waterfront experiences, making this acquisition a strategic step forward.

Recent analysis of job advertisements in the UK reveals a significant shift in hybrid working policies, with many employers now requiring white-collar recruits to spend at least two to three days a week in the office. This marks a departure from the more flexible arrangements that were common in the post-pandemic period. The push for increased face-to-face interaction highlights a growing trend among companies to prioritize in-person collaboration, which could impact work-life balance for many employees. Understanding this shift is crucial as it reflects broader changes in workplace dynamics and employee expectations.

As gold prices soar to record highs, UBS has identified five gold stocks that investors should keep an eye on. This surge in bullion prices is significant as it reflects growing economic uncertainty and inflation concerns, making gold a safe haven for investors. By highlighting these stocks, UBS is providing valuable insights for those looking to capitalize on the current market trends.

Gold prices are hovering just below record levels following a three-day increase, as traders evaluate recent statements from Federal Reserve officials, including Chair Jerome Powell, alongside rising geopolitical tensions related to Russia. This situation is significant as it reflects the ongoing uncertainty in the market, influencing investment strategies and economic forecasts.

According to Brightmine, UK pay deals are stabilizing at around 3%, reflecting a cautious approach from employers amid ongoing economic uncertainties. This trend is significant as it indicates a balance between employee wage demands and employer capabilities, which could impact overall economic growth and consumer spending.

Gold has reached a significant milestone, achieving a level it hasn't seen since 1980. This resurgence highlights the metal's enduring appeal and stability in uncertain economic times, making it a valuable asset for investors and a symbol of wealth. As global markets fluctuate, gold's performance is a reassuring indicator of its importance in financial portfolios.

The UK government has announced that energy suppliers must provide at least one tariff with a reduced standing charge, which is a daily fee that consumers pay to connect to the electricity grid. While this move aims to help consumers manage their energy costs, officials have clarified that simply cutting standing charges will not significantly lower overall energy bills. This is important as it highlights the complexities of energy pricing and the need for more comprehensive solutions to tackle rising costs.

Facing a rejected business loan application can be disheartening, but it's important to remember that this setback doesn't have to define your entrepreneurial journey. Understanding the reasons behind the rejection can help you improve your chances in the future. This article provides practical steps to take after a rejection, such as reviewing your credit score, improving your business plan, and exploring alternative funding options. Knowing how to navigate this situation is crucial for small business owners looking to secure the necessary funds to grow and succeed.

Evercore ISI has lowered its price target for Accenture's stock to $300, citing various cross-currents affecting the company's performance. This adjustment reflects concerns about market conditions and potential challenges ahead for Accenture, which could impact investor confidence and stock performance. Understanding these shifts is crucial for stakeholders as they navigate the evolving landscape.

Alibaba has unveiled ambitious plans to invest in new data centers and has also revealed a powerful AI model. This move is significant as it highlights Alibaba's commitment to enhancing its technological infrastructure and staying competitive in the rapidly evolving tech landscape. The investment in data centers will not only boost the company's capabilities but also support its growing AI initiatives, which are crucial for future innovations.

Eli Lilly has labeled the UK as the 'worst country in Europe' for drug prices, highlighting ongoing concerns about the affordability of medications in the region. This statement comes amid a backdrop of rising gold prices, which are nearing record highs. John Roberts, CEO of AO World, also expressed the challenges retailers face, particularly in light of the UK's new employment rights bill. This situation is significant as it underscores the broader economic pressures affecting both healthcare and retail sectors in the UK.

Goldman Sachs has reaffirmed its Buy rating for Zalando, signaling confidence in the company's growth potential. This endorsement is significant as it reflects the investment bank's belief in Zalando's ability to navigate the competitive online retail landscape successfully. Investors often look to such ratings as indicators of future performance, making this news particularly relevant for those interested in the stock market.

Donald Trump has labeled climate change as 'the greatest con job ever,' a statement that contrasts sharply with the views of many CEOs who acknowledge the scientific consensus on the issue. This divergence highlights a significant divide in public opinion and corporate responsibility regarding environmental challenges. As climate change continues to impact global economies and ecosystems, the stance of influential leaders like Trump could shape policy and public perception, making it crucial for businesses to align with scientific understanding.