UK Business

The UK needs a strategy to meet growing demand for data centres or risk losing its advantage in the race to develop artificial intelligence (AI), one of the sector's largest players has told Sky News.

Ministers are plotting a shake-up of Britain's drive to attract inward investment days before a summit they will claim demonstrates the country is "open for business".

An investor in one of Britain's most popular price comparison sites is exploring the sale of its stake in a deal that could value it at more than £4bn.

The boss of the UK motor industry's lobby group has blamed "criminal activity" for UK-made luxury cars finding their way into sanction-hit Russia.

The government has pledged nearly £22bn to fund projects that capture greenhouse gases from polluting plants and store them underground, as it races to reach strict climate targets.

The owner of one of Britain's biggest chains of country clubs has hired bankers to oversee a sale of the business.

The UK car industry has warned its efforts to support the transition to electric vehicles cannot be sustained indefinitely as it faces the prospect of fines for missing climate-linked sales targets.

Rachel Reeves, the chancellor, will deliver her maiden speech to Britain’s most important annual gathering of financiers and business leaders in mid-November.

Israel is fighting on at least four fronts, threatening a war across the oil-rich Middle East, but there is no great sense of fear yet as far as financial markets are concerned.

Financial markets are now pricing in a shock interest rate cut for the UK at the next Bank of England meeting following remarks by its governor.