Business

Britain's leading airlines have warned the government that a little-noticed budget measure risks pushing up airfares for passengers.

The US Olympic & Paralympic Committee (USOPC) has kicked off talks with investors about a potential deal which could involve selling a stake in the commercial rights to Team USA ahead of a crucial sporting decade for the country.

Poundland's controlling shareholder has told the government it stands by its stewardship record even as it faces mounting pressure over the crisis which has left the discount retailer on the brink of administration.

A major UK business group has called on the government to "fundamentally reassess" the country's relationship with the EU, as it said the current system is still "failing to deliver".

Artificial intelligence is "helping to industrialise cyber attacks" and is "highly likely" to be used in attacks on Britain's critical national infrastructure by 2028, the National Cyber Security Centre (NCSC) has warned.

Virgin Media ‌O2 (VMO2) is set to cut thousands of jobs, as it looks to save around £300m through "a reduction in the size of the workforce".

Energy giant Drax has announced plans to build an AI data centre on 4.5 hectares of land at its North Yorkshire site.

Barclays will this week become the first major UK lender to begin offering compensation payments to former motor finance customers, even as the industry's big financiers face waiting months for the outcome of challenges to a £9bn redress scheme.

Water industry bosses have hit out at reforms proposed by Ofwat, the industry regulator, which they claim would force them to recruit dozens of additional directors with the cost being borne by billpayers.

The government is to hold an urgent meeting with Poundland bosses amid growing recriminations over the discount retailer's ownership.