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Budget will protect UK economic resilience amid global uncertainty - Healey


By Goran Nastic

Chancellor John Healey has pledged to protect the UK economy’s resilience in the October Budget as conflict in the Middle East and Ukraine drives up energy prices and government borrowing costs.

Speaking at the IMF annual meetings in Bangkok, Healey called for greater international cooperation to strengthen economic resilience, support growth and address the challenges posed by AI


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Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


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London remains the fastest-growing private sector region

London’s private sector continued to grow strongly in September, remaining the best-performing UK region, despite a more challenging economic backdrop, NatWest has found

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Aviva targets £500m-plus annual Wealth profit by 2032

Aviva said Friday it expects its Wealth business to generate more than £500m of operating profit by 2032, while reiterating that it remains on track to achieve its existing target of £280m by 2027

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Government to scrutinise Sky-ITV deal

Culture secretary Lisa Nandy has today said she is "minded to intervene" in Sky's proposed £1.6bn acquisition of ITV's Media & Entertainment business, raising the prospect of formal investigations by Ofcom and the CMA.

In a statement to Parliament on Thursday, Nandy said she had informed Sky and ITV that she was considering intervention on several public-interest grounds, including the need to protect free expression in news media, maintain a sufficient plurality of news providers and ensure a diverse range of media ownership across the UK

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Ithaca Energy kicks off CEO search

FTSE 100 oil and gas producer Ithaca Energy has begun the search for a new CEO after Luciano Vasques announced plans to retire by 31 March 2027

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Nvidia commits $250m to UK AI research and backs five startups

Nvidia is stepping up its UK AI push with investments in five startups and a $250m (£190m) commitment to research into the safety and security of autonomous AI systems

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PureGym acquires NonStop Gym for £235m

PureGym has announced that it has agreed to acquire one of Switzerland’s leading low-cost fitness business, NonStop Gym, for £235m

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Big Yellow jumps as activist investor calls for sale

Shares of FTSE 250 self storage operator Big Yellow Group rose more than 5% on Wednesday after activist investor Ancora Holdings Group urged the company to explore a sale, arguing that its shares significantly undervalue the business.

Ancora, which holds a stake of more than 4%, called on Big Yellow's board to launch a comprehensive strategic review and solicit offers from potential strategic and private equity buyers

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CEO turnover at FTSE 100 firms hits five-year low

FTSE 100 CEO turnover is at its lowest in five years and is set to be at its second lowest since 2012, AJ Bell has revealed

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FirstGroup Pension Scheme’s group section finalises £90m buy-in with Aviva

The FirstGroup Pension Scheme’s group section has finalised a £90m full buy-in with Aviva Life and Pensions UK, securing the benefits of over 500 scheme members

UK GDP beats forecasts with 0.1% rise in August

UK gross domestic product (GDP) grew by 0.1% in August 2026, beating economists’ expectations of a 0.1% contraction, as stronger production output offset weakness in construction and flat services activity, according to the Office for National Statistics (ONS)
Metallus UK Pension Scheme agrees £40m buy-in with Royal London

The trustees of the Metallus UK Pension Scheme have agreed a £40m bulk purchase annuity (BPA) transaction with Royal London, securing the benefits of 493 members
BP flags $4.5bn write-down as debt drops and refining profits jump

BP has forecast stronger refining profits and a sharp reduction in net debt for the third quarter, while warning of impairment charges of up to $4.5bn (£3.4bn) as new CEO Meg O’Neill prepares to unveil an updated strategy in December.

The FTSE 100 oil major said its indicative refining margin rose to $46.70 a barrel from $29.60 in the second quarter, boosting expectations for underlying profit in its products division by $1.9bn to $2.1bn


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