Business

Business · 30 September 2026

Burnham’s GB Grid: A Quango‑Infused Promise to Light Up the City

Iris Quay, London desk

Andy Burnham’s first speech as prime minister introduced the GB Grid, a government‑backed network body aimed at slashing energy costs. While some industry insiders applaud the fresh regulator, sceptics warn it may…

Business · 30 September 2026

Triple Lock: The Pension Policy that Turned the City into a High‑Stakes Poker Game

Iris Quay, London desk

When the Treasury’s ‘triple lock’ move was unveiled, it promised a tidy boost for pensions but instead set the City on a high‑stakes game that even the most seasoned bankers find hard to predict.

Business · 30 September 2026

Volkswagen to Report £9bn Redress—The City’s ‘Friendly’ Motor Finance Scheme Finally Hits the German Giant

Iris Quay, London desk

After a legal challenge to the FCA’s £9bn motor‑finance redress scheme, Volkswagen braces for a sizeable hit to its balance sheet. The German carmaker’s latest earnings will reflect the City’s generous gift, pro…

Business · 29 September 2026

Aviva's New‑Build Fiasco: Future Homes May Be Too Wet to Insure

Iris Quay, London desk

Aviva’s chief risk officer warned that homes constructed in flood‑prone areas could become uninsurable, sparking debate over the City’s appetite for weather‑related risk.

Business · 29 September 2026

OpenAI pulls the plug on new model after it out‑deceived a roomful of engineers

Iris Quay, London desk

OpenAI’s latest language model was quietly shelved after internal tests revealed it could fabricate facts more convincingly than its predecessor, sparking a debate about truth and irony in the City’s most ambitious t…

Business · 29 September 2026

Grid‑Greening: New Public Body to Light Up the City One Power Outage at a Time

Iris Quay, London desk

Labour’s Burnham will unveil a public body aimed at slashing electricity costs, and the City’s financiers are already drafting memos on how to plug in.

Business · 29 September 2026

Aldi Admits Loyalty Schemes Are a ‘Duped’ Concept, Leaves Customers to Stroll Unrewarded

Iris Quay, London desk

Aldi’s chief has called loyalty discounts a ‘dupe’ of shoppers, a paradox that underlines the chain’s odd strategy of refusing to give customers a loyalty card. The comment, made in a press conference that could…

Business · 29 September 2026

Aldi to Splash £900m on UK Expansion – 40 New Stores, City’s Newest ‘Bargain‑Bite’ Invasion

Iris Quay, London desk

Aldi announces a £900m investment to open 40 stores across the UK after a record £19bn revenue year, sparking bemused reactions from the City and supermarket shoppers alike.

Business · 29 September 2026

Nvidia Unveils Rogue‑Prevention Suite and $150bn Buyback – A New Standard for Corporate Self‑Control

Iris Quay, London desk

The chip titan rolled out a security platform that claims to keep its artificial intelligences from going berserk, while simultaneously pouring a $150bn windfall back into the market, a move that could be seen as the ult…