UK state pension is least generous in the G7 – how do other rich countries compare?

Gopichand Hinduja, the head of the UK's richest family, has passed away at the age of 85. He played a significant role in expanding his father's small textile and trading businesses into a global conglomerate.

In a surprising turn of events, former cost of living tsar, James Buttress, has resigned from his position at Ovo Energy after just 18 months. His departure raises concerns about the ongoing challenges in addressing the rising cost of living in the UK, especially as energy prices continue to soar. Buttress's insights were seen as crucial during a time when many households are struggling to make ends meet, making his exit a significant loss for the company and the broader conversation on energy affordability.

Centrica has successfully acquired a 15% stake in the Sizewell C nuclear power project in the UK, marking a significant step in the country's energy transition. This investment not only strengthens Centrica's position in the energy sector but also supports the UK's goal of increasing low-carbon energy sources. The Sizewell C project is expected to play a crucial role in providing reliable energy and reducing carbon emissions, making this acquisition a win for both Centrica and the environment.

UK's Shadow Chancellor Rachel Reeves has indicated that tax increases may be on the horizon in her upcoming budget. This move is significant as it reflects the government's approach to addressing economic challenges and funding public services. By signaling potential tax rises, Reeves aims to prepare the public for necessary fiscal adjustments, which could impact households and businesses alike.

Hugo Boss has reported disappointing quarterly sales, falling short of expectations due to weaker demand in key markets like China and the UK. This is significant as it highlights ongoing challenges for luxury brands in navigating shifting consumer preferences and economic conditions, raising concerns about future growth.

Getty Images has suffered a significant setback in a landmark lawsuit in the UK concerning its AI image generator. The court's ruling raises important questions about copyright and the use of AI in creative industries, potentially impacting how companies utilize technology to generate images. This case could set a precedent for future legal battles over intellectual property rights in the age of artificial intelligence.

Nobia's Q3 2025 report highlights a promising recovery in the Nordic markets, showcasing resilience and growth potential. However, the company faces challenges in the UK due to impairments. This dual narrative is significant as it reflects broader economic trends and the varying performance across regions, indicating where investors might focus their attention.

Primark's owner, ABF, is considering spinning off the fashion retailer as UK sales decline due to shoppers cutting back on clothing purchases. This move highlights the challenges faced by the retail sector, particularly in fashion, where consumer spending is shifting. The potential separation could allow Primark to focus on its core business while ABF concentrates on its food brands, but it also raises concerns about the future of the brand in a competitive market.

Rush Enterprises B stock has reached a concerning 52-week low, trading at $49.11. This decline raises questions about the company's performance and market conditions.

IBM is reportedly planning to cut thousands of jobs, raising concerns about the future of employment within the company. This move reflects ongoing challenges in the tech industry and could impact many employees.

Apollo has decided to withdraw its bid to take the pizza chain Papa John's private at $64 a share, according to sources. This move raises questions about the future of the company and its strategic direction.

As Wall Street prepares for the upcoming NYC mayoral vote, analysts are also keeping an eye on the governor races, which could provide insights into the midterm elections. The political landscape is shifting, and the outcomes may influence economic forecasts.

A judge has ruled that the Trump administration may reconsider the approval of the SouthCoast Wind project. This decision opens the door for potential changes in the project's future, reflecting ongoing debates about energy policies and environmental impacts.

Gestamp's recent presentation for the first nine months of 2025 revealed a rise in profitability, even as revenue experienced a decline. Despite this positive news, the company's stock saw a dip, raising questions about market reactions.