News from Sentoria
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EV target rethink raises questions over emissions, investment and UK industrial strategy
Reported plans to weaken the UK’s electric vehicle sales targets have raised fresh questions over emissions, investor confidence and industrial strategy. Analysis suggests a slower EV transition could add materially to future UK emissions, just as…
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UK Inflation Holds at 2.8% as Bank of England Prepares to Keep Interest Rates on Pause
UK inflation held steady at 2.8% in May, giving the Bank of England more room to keep interest rates on hold. The figures offer some relief for households and businesses, but higher transport costs, services inflation…
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Thames Water Edges Closer to Special Administration as Rescue Deal Faces Government Pushback
Thames Water has moved closer to special administration after ministers raised serious concerns over a creditor-led rescue plan. The government says any deal must protect customers and the environment, while creditors argue a market-led restructuring would…
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SpaceX’s $60bn Cursor Deal Shows How AI Coding Has Become Big Tech’s New Battleground
SpaceX’s $60bn all-stock acquisition of Cursor has turned the AI coding tool’s four young cofounders into multi-billionaires and signalled how valuable developer software has become in the artificial intelligence race. The deal gives SpaceX and xAI…
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FTSE 100 Edges Higher as Investors Weigh US-Iran Deal and Oil Price Relief
The FTSE 100 edged higher as investors weighed hopes of a US-Iran agreement against uncertainty over oil supplies, inflation and central bank policy. Falling crude prices have eased fears of another energy shock, but markets remain…
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Investment Fraud Hits Record Levels as AI Makes Scams Harder to Spot
Investment fraud losses in the UK have reached their highest level on record, with criminals using AI, fake websites, cloned brands and social media adverts to make scams harder to detect. Banks, regulators and consumer groups…
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KFC Rebrand Puts the Bucket at the Centre of Its Global Growth Push
KFC has launched a major global brand refresh with JKR, putting its famous bucket at the centre of a wider push into boneless chicken, sauces, drinks, digital ordering and more experience-led restaurants. The update is designed…
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UK Pizza Dough Supplier Enters Administration as Cost Pressures Hit Food Manufacturers
Millennium Dough Company, a long-established UK pizza dough supplier, has entered administration after more than three decades in business. The collapse highlights the pressure facing food manufacturers and hospitality suppliers as rising input costs, tight cash…
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Landlords Hold Back on Rent Rises as Renters’ Rights Act Begins to Reshape the Market
Landlords appear to be raising rents less often since the Renters’ Rights Act came into force, with new market data suggesting fewer sitting tenants faced increases in May. The shift may offer renters more stability, but…
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Inflation Concerns Mount as Bank of England Faces Difficult Rate Decision
Inflation concerns are mounting ahead of the Bank of England’s June rate decision, with policymakers expected to hold Bank Rate at 3.75% despite renewed pressure from energy prices and rising public inflation expectations. For businesses and…
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Boots Sale Plans Hit Setback as Sigma Healthcare Walks Away from $10bn Talks
Boots’ future has been thrown back into uncertainty after Australia’s Sigma Healthcare, owner of Chemist Warehouse, withdrew from talks over a potential $10bn acquisition. The decision leaves private equity owner Sycamore Partners weighing its options, including…
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Fox’s $22bn Roku Deal Shows Why the TV Guide Still Matters in the Streaming Era
Fox Corporation’s $22bn deal to acquire Roku is being seen as a major bet on the future of streaming distribution, advertising and connected TV. The deal gives Fox access to more than 100 million streaming households,…