BP profits hit 18-year high as another bank makes billions

New electricity generating capacity would enable north-east to attract investment for major datacentre projects National Grid has taken a step towards building Britain’s biggest electricity substation on Teesside, which could supply power to a vast neighbouring datacentre, as the UK races to expand its AI infrastructure. Last week the company agreed to purchase 73 acres of land at Dorman Point on a site owned by Teesworks, a local private-public partnership. The deal was first reported by Sky Ne

Ms Reeves said she believed ‘Britain’s future lies in the European Union’.

Many economists think rate-setters will want to tackle rising inflation in the UK economy by tightening monetary policy.

The private equity firm which owns Asda and Britain's biggest pubs operator has agreed a roughly €400m (£334m) takeover of Lovehoney Group, a big player in the fast-growing "intimate wellness" industry.