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More from UK Business

• Netflix withdraws Warner Bros bid as Paramount offer declared 'superior'

  Paramount Skydance is on course to win the Warner Bros Discovery (WBD) takeover battle after rival Netflix stepped away.

• AI willing to 'go nuclear' in wargames, study finds - amid 'stand-off' between Pentagon and leading AI lab

  As the deadline looms for a leading AI lab to hand over its tech to the US military, a study has appeared suggesting AI models are more than willing to go nuclear in wargames.

• Ocado to cut 1,000 jobs under restructuring plan

  Ocado is to cut around 1,000 jobs as part of a plan to slash costs and restructure its operations.

• EU not doing enough to stop Russian shadow fleet, European Parliament president says

  European countries are continuing to fund Russia's war in Ukraine by buying oil and gas, the president of the European Parliament has admitted.